Latin America Surgical Lasers Market By Product Type (Carbon Dioxide, Diode Lasers, Argon And Nd: YAG) By Procedures (Laparoscopic, Open & Percutaneous) By Application (Ophthalmology, Gynaecology, Dermatology, Urology, Dental, Cardiology, & Oncology) – Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)
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Latin America Surgical Lasers Market is estimated to be growing at a CAGR of 6.04 % from 2016-2021, to reach USD 0.30 billion by 2021 from USD 0.22 billion in 2016. Lasers are useful in treating the very early stages of some cancers, including penile cancer, cervical cancer, non-small cell lung cancer, vulvar cancer, basal cell skin cancer, vaginal cancer.
The main drivers of Surgical Lasers include Advancements of technology in surgical lasers, rise in prevalence of chronic diseases, high preference for low invasive surgeries and, increase in prevalence of ophthalmic disorders. However, increase in procedural costs of surgeries with laser and low medical reimbursements are predicted to restrain the optimal growth of surgical lasers market in next years.
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Surgical Lasers Market is segmented by Product type, Procedure type, and application and by region. Based on the product, Market can be segmented into Carbon dioxide (CO2) lasers, Nd: YAG lasers, argon lasers, diode lasers and others like sye lasers, fiber lasers, Er: YAG lasers and excimer lasers.
The highest CGAR is predicted for Carbon dioxide (CO2) because of its high availability of Surgical Lasers based on CO2 and advancements in technology of cosmetic laser treatment. On the basis of procedure type, market is segmented into laparoscopic surgery, Open surgery and percutaneous surgery.
Market is further segmented into dentistry, ophthalmology, dermatology, gynaecology, cardiology, oncology, urology and others like ENT, liposuction and GLT. The fastest increasing market among these segments is Urology.
Increase in this segment is due to increase in prevalence of disorders in urological such as renal cancer, kidney stones and prostate enlargement. Increase in the preference of the patient for low incasive urological surgeries and advancements in technology in surgical laser products also accounts for its development.
Some of the key players are Lumenis (Israel), Alma Lasers (Israel), Cynosure, IPG Photonics Corporation (U.S.), Inc. (U.S.), Boston Scientific Corporation (U.S.), Abbott Laboratories, Spectranetics Corporation (U.S.), Fotona d.o.o.
(Slovenia), Biolitec AG (Austria) and BISON MEDICAL Co., Ltd. (South Korea)
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