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Urology Medical Lasers Market Opportunities, Leading Players, Size And Forecast To 2033
Urology Medical Lasers Market Opportunities
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According to The Business Research Company's, The urology medical lasers market size has grown steadily in recent years. It will grow from $1.01 billion in 2023 to $1.06 billion in 2024 at a compound annual growth rate (CAGR) of 4.9%. The growth in the historic period can be attributed to rapid technological advances, increased healthcare expenditure, rapid growth in elderly population, public health insurance reforms and strong economic growth in emerging markets..
The urology medical lasers market size is expected to see strong growth in the next few years. It will grow to $1.3 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to an increase in mergers and acquisitions, an increase in r&d and innovations, and government initiatives will drive the growth. . Major trends in the forecast period include emergence of novel technologies, use of big data and artificial intelligence, innovative laser treatments for benign prostatic hyperplasia, and use of fiber-optics in laser technology..
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Market Drivers and Trends:
Rising cases of urological disorders contribute to the demand for the urology medical lasers market. Growing urological cases including bladder cancer and prostate diseases among others are boosting the demand for minimally invasive surgeries and related devices. According to the American Institute for Cancer Research's statistics on bladder statistics, bladder cancer is the sixth most common cancer in men and the 17th most common cancer in women. The surge in urological diseases and conditions increases the demand for urological surgeries and supports the growth of the urology medical lasers market.
Major institutes operating in the urology medical lasers market are developing technologies such as Litho EVO holmium laser. Litho EVO is indicated for laparoscopic and endoscopic surgical techniques for lithotripsy and soft tissue procedures in urology, gastroenterology, and general surgery. For instance, in January 2021, Quanta System, an Italian- based company engaged in innovative laser systems for surgery, aesthetics, and art conservation launched the Litho EVO holmium laser available through Cook Medical in the United States, Austria, Germany, France, Ireland, Switzerland, and the United Kingdom. The Litho EVO laser is equipped with Master PULSE and Vapor Tunnel™ technologies, both features exclusive to Quanta branded machines.
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Major Key Players of the Market:
Teladoc Health Inc., Doctolib, Doctor on Demand, Amwell (American Well), MDLIVE Inc., Zocdoc Inc., Alina TeleHealth, HealthTap, Inc., 2nd.MD, PlushCare Inc.AMD Global Telemedicine, CISCO Systems Inc., Medtronic Inc., GE Healthcare, Honeywell Lifesciences, Philip Healthcare, Aerotel Medical Systems, CardioComm, Cerner Corporation, Apollo Hospitals, Neosoft, Allscripts Healthcare Solutions Inc., Biotelemetry, Resideo Technologies Inc., InTouch Technologies Inc., SHL Telemedicine, NovioSys BV, KSYOS Telemedicine Centre, Karify, Medgate, Medi24, Immedicare LLP, Babylon Health UK, Medio.link, Push Doctor, Tele Medicine Clinic, Doctor Care Anywhere Limited, Philips Healthcare, Cisco Systems UK, McKesson Corporation, GE Healthcare Ltd., Cerner Corporation, Teladoc Health Inc., DOC+, BestDoctor, TeleMD, mediSensum, Apteki Inc., American Well, Care Innovations LLC, BioTelemetry, Specialist Telemed, SOC Telemed, Eagle Telemedicine, Blue Sky Telehealth, NextGen Healthcare, VSee, OKADOC, Doxy.me, GetBEE, Mind Mina Telemedicine, Abu Dhabi Telemedicine Centre
Urology Medical Lasers Market 2024 Key Insights:
• The urology medical lasers market size is expected to see strong growth in the next few years. It will grow to $1.3 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%.
• Urology Medical Lasers Market Thrives Amid Rising Urological Disorder Cases
• Quanta System's Litho Evo Holmium Laser Pioneering Advancements In Urology And Surgical Procedures
• North America was the largest region in the urology medical lasers market in 2023
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