The Global Surgical Lasers Market is poised for considerable growth in the forecast period as demand for minimally invasive surgeries shows steady rise. Key insights into this market have been shared by Fortune Business Insights in its report, titled “Global Market Size, Share and Global Trend By Product Type (Argon, Diode, Carbon Dioxide, Neodymium: yttrium-aluminium-garnet, Others), By Procedure Type (Laparoscopic Surgery, Percutaneous Surgery, Open Surgery, Others), By Application (Oncology, Ophthalmology, Urology, Neurology, Cardiology), By End User (Hospitals & Clinics, Ambulatory Surgery Centers (ASCs), Others), and Geography Forecast till 2026”.
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Top Key Players Covered:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the global Surgical Lasers market. Some of the companies operating the global Market are;
- Lumenis, Bausch & Lomb Incorporated
- Johnson & Johnson Services, Inc.
- Alma Lasers
- Boston Scientific Corporation
- IPG Photonics Corporation.
Market Growth Expected to be Bumpy
The global surgical lasers market is expected face some serious hurdles on its growth trajectory. The most crucial one being the high cost of treatments that involve laser surgeries, particularly those related to oncology, cardiovascular and eye disorders. Another limiting factor is the risks and complications associated with laser surgeries and their after-effects. For example, the popular LASIK surgery done to rid the eyes of glasses can have some permanent after-effects such as dry eyes, astigmatism, flap complications, among others. These factors combined with lack of medical reimbursements can pose serious limitations on the growth of the global market.
By Product Type
- Carbon Dioxide
- Neodymium: yttrium-aluminum-garnet (Nd: YAG)
By Procedure Type
- Laparoscopic Surgery
- Percutaneous Surgery
- Open Surgery
North America to Account for Largest Market Share
Owing to the presence of market leaders, increasing number of chronic diseases, a well-established healthcare infrastructure, and easy access to advanced treatments, North America is and is expected to hold the largest market share between 2018 and 2026. The global surgical lasers market is also expected to get a boost from the Asia-Pacific region. This is mainly on account of increasing adoption of advanced medical technologies, rising income levels, and growing prevalence of chronic diseases.
Ophthalmology to be the Leading Market Segment
Surgical lasers are expected to find a growing market share in the ophthalmology segment as demand for laser surgeries such as LASIK is increasing. This will positively impact the expansion of the global surgical lasers market.