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Surgical Lasers Market by Product Type and Application- Global forecast to 2021
The market is expected to reach USD 2.37 Billion by 2021; growing at a CAGR of 5.1% from 2016 to 2021.
According to a new market research report "Surgical Lasers Market by Product Type (Carbon Dioxide, Argon, Nd:YAG & Diode Lasers), Procedure (Open, Laparoscopic & Percutaneous), & Application (Ophthalmology, Urology, Gynaecology, Dermatology, Dental, Cardiology, & Oncology) - Global forecast to 2021", published by MarketsandMarkets, this report studies the global market over the forecast period of 2016 to 2021
Factors driving the growth of this market include technological advancements in surgical lasers, high prevalence of chronic diseases, high prevalence of ophthalmic disorders, and growing preference for minimally invasive surgeries. However, limited medical reimbursements and high procedural costs associated with laser surgeries are expected to limit the optimal growth of this market during the coming years.
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Emerging markets such as India, China, Brazil, and Mexico offer significant growth opportunities for players operating in the surgical lasers market. This growth in these regions can be attributed to factors such as rising geriatric population, prevalence of lifestyle disorders, and increasing investments by leading players in these countries.
- Surgical laser product manufacturing companies
- Product suppliers and distributors
- Healthcare service providers [including hospitals, specialty clinics, and ambulatory surgery centers (ASCs)]
- Research laboratories and academic institutes
- Clinical research organizations (CROs)
- Government regulatory authorities
- Independent authorities and non-government organizations
- Market research and consulting firms
- Venture capitalists
A combination of bottom-up and top-down approaches was used to calculate the sizes and growth rates of the market and its subsegments. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. In this research study, all possible parameters that affect this market have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative & qualitative data. Primary interviews with key opinion leaders were also used to determine the percentage shares of each product in emerging nations. The report provides qualitative insights about growth rates and market drivers for all subsegments. It maps market sizes and growth rates for each subsegment and identifies segments poised for rapid growth in each geographic region.
Lumenis (Israel), Cynosure, Inc. (U.S.), Alma Lasers (Israel), Abbott Laboratories, Inc., (U.S.), Boston Scientific Corporation (U.S.), IPG Photonics Corporation (U.S.), Spectranetics Corporation (U.S.), Biolitec AG (Austria), Fotona d.o.o. (Slovenia), and BISON MEDICAL Co., Ltd. (South Korea) are some of the key players in the surgical lasers market.
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