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Shaping the Cardiovascular Medical Lasers Market in 2025: Cardiovascular Medical Laser Manufacturers Invest In New Technologies For Faster And More Efficient Treatment
Cardiovascular Medical Lasers Market
In recent times, the cardiovascular medical lasers market has experienced substantial growth, and it's projected to expand from USD 0.31 billion in 2024 to USD 0.45 billion in 2025, signifying a compound annual growth rate (CAGR) of 45.6%. Factors contributing to this impressive growth during the historic period include increasing preference for minimally invasive cardiovascular procedures, escalating incidences of cardiovascular diseases, growth in disposable incomes, and heightened adoption of telemedicine in cardiology.
Anticipations depict a surging enlargement in the cardiovascular medical lasers market in the coming years, with an estimated escalation to $1.71 billion in 2029, boasting a compound annual growth rate (CAGR) of 40.0%. The notable escalation during the predicted period can be credited to sophisticated robotics, cardiovascular studies, an aging populace, customized cardiovascular attention, and the broadening of interventional cardiology. The forecasting period is marked by major trends comprising of an improved laser fiber technology, AI-empowered telehealth, intellectual laser systems, laser-induced restoration, enduring laser technologies, along with the incorporation of cutting-edge imaging.
What Are the Primary Growth Drivers for the Cardiovascular Medical Lasers Market?
The escalating incidence of heart-related ailments is projected to propel the cardiovascular medical laser market forward. This escalating incidence can be linked to an increase in smoking, lack of physical exercise, and unhealthy dietary habits. For example, as per the Centers for Disease Control and Prevention, a public agency in the United States, coronary artery disease (CAD) claimed the lives of 375,476 individuals in 2021, with approximately 1 in 20 adults aged 20 and older having CAD. Furthermore, around 2 in 10 CAD fatalities occur in adults under 65 years of age. Thus, the escalating incidence of heart ailments is anticipated to stimulate the expansion of the cardiovascular medical lasers market.
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Who Are the Dominant Companies Influencing Cardiovascular Medical Lasers Market Trends?
Major companies operating in the cardiovascular medical lasers market include Boston Scientific Corporation, Cardiovascular Systems Inc., AngioDynamics Inc., Koninklijke Philips N.V., RA Medical Systems Inc., Abbott Laboratories Inc., Alma Lasers Inc., B. Braun Melsungen AG, Bausch + Lomb Incorporated, Biolase Inc., Candela Medical Corporation, Cutera Inc., DEKA Research & Development Corporation, Edwards Lifesciences Corporation, EUFOTON S.P.A., Fotonad.d., Gigaa Laser Group, IRIDEX Corporation, Lumenis Ltd., Medtronic Inc., Novartis AG, PhotoMedex Inc., Quanta System S.p.A, Sciton Inc., Stryker Corporation, Terumo Corporation, TransEnterix Inc., Vascular Solutions Inc., Zimmer Biomet Holdings Inc.
How Is the Cardiovascular Medical Lasers Market Evolving?
Producers of cardiovascular medical lasers are perpetually investing in novel technologies for quicker detection and effective treatment of cardiac disorders. Technological advancements encompass fresh wavelengths, robust configurations, systems with lower costs, and several other innovations that are being integrated with minimally invasive methods. The FDA has approved Ra Medical's vascular products, which comprise cardiovascular lasers used in treating peripheral arteries and veins. These lasers are designed to operate at a wavelength of 308-nanometers, effectively breaking down chemical bonds and decomposing blockages, consequently decreasing the patient's risk levels.
What Are the Different Segmentations in the Cardiovascular Medical Lasers Market?
The cardiovascular medical lasers market covered in this report is segmented -
1) By Type: Excimer Laser, Carbon Dioxide Laser
2) By Application: Laser Vascular Anastomosis, Transmyocardial Laser Revascularization, Laser Angioplasty For Peripheral Arterial Diseases
3) By End Use: Hospitals, Specialty Clinics, Ambulatory Surgery Centers
Subsegments:
1) By Excimer Laser: Ultraviolet Excimer Lasers, Pulsed Excimer Lasers, Other Excimer Lasers
2) By Carbon Dioxide Laser: Continuous Wave CO2 Lasers, Pulsed CO2 Lasers, Super Pulsed CO2 Lasers, Other Carbon Dioxide Lasers
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Which Region Is at the Forefront of the Cardiovascular Medical Lasers Market?
North America was the largest region in the cardiovascular medical lasers market in 2023. Asia-Pacific was the second-largest region in the global cardiovascular medical lasers market report. The regions covered in the cardiovascular medical lasers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Is Covered In The Cardiovascular Medical Lasers Global Market Report?
- Market Size Analysis: Analyze the Cardiovascular Medical Lasers Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cardiovascular Medical Lasers Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Cardiovascular Medical Lasers Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cardiovascular Medical Lasers Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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