Market Overview:
The Surgical Lasers Market size is expected to grow from USD 2.2 Billion in 2022 to USD 4.1 Billion by 2030, at a CAGR of 8.1 % during the forecast period.
A laser is an optical amplifier that produces light using electromagnetic radiation known as stimulated emission. Lasers are used to treat leaking blood vessels and remove damaged tissue as an alternative to open surgery. A diseased cell is removed by being heated to the point of destruction by a laser beam without damaging the healthy cells around it. Because different laser beams are utilized for different things, their wavelengths also differ. The wavelength of the laser beam depends on the surgical technique and the target tissue. Surgical laser products have several applications in laser surgery, including the removal of moles and tattoos, the destruction of lesions and tumors, the sealing of lymph arteries, and the closure of blood vessels and nerve endings.
Top Key Players in Surgical Lasers Market:
Cynosure Inc. (United States), Lumenis Ltd. (Israel), Candela Corporation (United States), Cutera, Inc. (California, United States), Lutronic Corporation (South Korea), El.In Group (Italy), Fotonad. o.o (Europe), Alcon (Switzerland), Biolase(United States), Asclepion Laser Technologies GmbH (Germany), BISON MEDICAL (South Korea), and Other Major Players.
Market Dynamics and Factors for Surgical Lasers Market:
Drivers:
Growing Number of Surgical Procedures
The increasing number of surgical procedures is a significant growth driver for the Surgical Lasers Market. As medical technology advances, more surgeries are being performed, driving the demand for surgical lasers. These lasers offer precision, minimally invasive techniques, and reduced recovery times, making them essential tools in various surgical specialties. Surgeons and healthcare facilities are increasingly adopting surgical lasers to improve patient outcomes and enhance the overall efficiency of surgical procedures. Consequently, this rising trend in surgical interventions directly fuels the market's expansion, contributing to its continuous growth and innovation.
Opportunities:
Increasing Public Awareness of Advanced Cosmetic Procedures
The growing awareness of advanced aesthetic procedures presents a significant opportunity for the Surgical Lasers Market. As more people become conscious of their appearance and seek non-invasive or minimally invasive treatments, the demand for aesthetic procedures utilizing surgical lasers is on the rise. These lasers offer precise and effective solutions for various cosmetic treatments, including skin resurfacing, hair removal, and tattoo removal. The increasing popularity of these procedures among both patients and healthcare providers creates a favorable environment for the expansion of the Surgical Lasers Market, tapping into the burgeoning aesthetic industry and driving further technological advancements.
Segmentation Analysis of the Surgical Lasers Market:
By Type, The carbon dioxide (CO2) lasers segment is anticipated to dominate the market due to continuous technological advancements in cosmetic laser treatments and the wide availability of innovative CO2-based surgical lasers. These lasers offer precise and effective solutions, making them popular among both patients and healthcare providers in the aesthetic industry.
By Application, The Ophthalmology segment is expected to remain the largest application during the forecast period. Ophthalmology dominates the Surgical Lasers Market due to the growing demand for precise and minimally invasive eye surgeries. Surgical lasers offer enhanced precision and safety, leading to increased adoption in procedures such as LASIK, cataract, and retinal surgeries, driving the segment's prominence in the market.
Regional Analysis of the Surgical Lasers Market:
The surgical laser market is expected to be dominated by North America due to factors such as the region's growing elderly population, rising chronic disease prevalence, rising public awareness, and the presence of several cosmetic laser producers. Furthermore, the rise of the studied sector is projected to be aided by the rising demand for cosmetic procedures in the United States, which aim to enhance and reshape a person's physical structure to enhance their appearance.
Key Industry Development:
In March 2022, Boston Scientific acquired the Lumenis Surgical Business from Lumenis for USD 1.07 billion, subject to closing adjustments, according to a definitive agreement negotiated by the two parties, which was made public. Laser and fiber technologies for minimally invasive surgical procedures are part of the surgical business in urology and ENT.
