Laparoscopic surgery held significant market share in 2016 due to high popularity and procedural benefits. In terms of application, the global surgical lasers devices market can be segmented into oncology, urology, gynecology, cardiology, dermatology, dentistry, ophthalmology, and others.
Surgical laser device is a medical device that uses a beam to remove diseased tissues or treat blood vessels that are bleeding by focusing on the cell to heat them until they burst to shrink tumors or treat tissues. Several types of laser beams are available in the market, each type has a different use and color.
The color of the light beam is related to the type of surgery being performed and color of the tissue being treated.
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Lasers can be used in nearly every surgical procedure.
Increasing inclination toward minimally invasive surgeries boosts the growth of the global surgical lasers devices market owing to gaining popularity over radiation therapy, conventional surgeries, and systematic chemotherapy for chronic conditions’ treatment. Usage of laser technology is increasing in oncology, urogynecological, cardiovascular, dermatology, and ophthalmology-related surgeries.
However, like any other surgical procedure, there are certain risk factors involved with laser surgeries such as incomplete treatment of the disease, change of skin color, and formation of scars. These factors restrain the global surgical lasers devices market.
According to the U.S. Food and Drug Administration (FDA), the laser surgery device uses non-ionizing radiation, so it does not have the same long-term risks as x-rays or other types of ionizing radiation. The global surgical laser devices market can be segmented based on product type, procedure type, application, end-user, and region.
In terms of product type, the market can be divided into diode lasers, Neodymium:Yttrium-Aluminum-Garnet (Nd:YAG) laser, argon lasers, CO2 lasers, and other surgical lasers. CO2 lasers held the largest market share in 2016 owing to continuous technological development.
However, diode lasers, Nd:YAG lasers, and argon lasers are anticipated to grow during the forecast period due to procedural benefits, awareness among patients, and demand for minimally invasive procedures.
Based on procedure type, the global surgical laser devices market can be classified into laparoscopic surgery, open surgery, and percutaneous surgery. The urology segment held major market share due to rise in the prevalence of urological disorders such as kidney stones, renal cancer, and prostate enlargement.
Geographically, the global surgical laser devices market can be classified into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. North America held the largest market share owing to availability of advanced and technologically improved surgical laser devices.
The market in North America is likely to continue to witness strong grow during the forecast period due to rise in the number of surgical procedures such as cosmetic surgeries (to remove hair, spider veins, birthmarks, wrinkles, sunspots, stretch marks, scars or tattoos), dental procedures (oral, tooth whitening, periodontics, or endodontic surgery), refractive eye surgery (to improve or correct vision by reshaping the cornea as in photorefractive keratectomy or LASIK), general surgeries (cataract removal, tumor removal, plastic surgery, breast surgery, and many other surgical procedures). Europe held the second largest market share due to awareness about the advantages such as reduced blood loss, reduced chance of wound infection, decreased postoperative discomfort, and better wound healing.
The market in Asia Pacific is anticipated to experience strong growth during the forecast period owing to high awareness, increased inclination toward minimally invasive surgical procedures, improvements in health care infrastructure, and public health systems especially in India, Japan, Australia, South Korea, and China.
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New product launches is the latest trend gaining momentum in the global surgical laser devices market. The players in the market are increasingly focusing on the development and launch of new surgical laser devices.
To enhance the growth and sustain in the market, the players must focus on research and development coupled with new product launches. Key players engaged in the development of innovative devices to improve the efficacy of surgical laser procedures include BISON Medical Co., Ltd., Cynosure, Inc., Fotona, Biolitec AG, Spectranetics Corporation, IPG Photonics Corporation, Alma Lasers, Lumenis Ltd., Boston Scientific Corporation, and Abbott Laboratories, Inc.
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