North 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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North America Surgical Lasers Market is estimated to be growing at a CAGR of 4.10 % from 2016-2021, to reach USD 0.86 billion by 2021 from USD 0.70 billion in 2016. North America is predicted to lead the share of the Global Market.
Lasers can have a sealing or cauterizing effect and can be used to seal blood vessels which help to prevent blood loss, nerve endings which help in reducing pain after surgery, lymph vessels which help in reducing swelling and limit spread of tumour cells.
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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.
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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 year’s.
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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.
Laparoscopic surgeries is predicted to dominate market be due to its procedural benefits, increase in the awareness among patients and High demand for its less-invasive disease therapies.
Based on application, Market is segmented into dentistry, ophthalmology, dermatology, gynecology, 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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