Product Code: RP-ID-10059338 |
Published Date: 21 Oct 2022 |
Region: NA |
Category: Healthcare & Pharmaceuticals |
Report ID: 10059338
Market Overview:
Global Surgical Lasers Market Outlook 2030
In 2021, the global surgical laser market is likely to be worth USD 5 billion, and it is expected to grow at a compound annual growth rate (CAGR) of 12% from 2022 to 2030. Minimally invasive surgery. Completely changed the market. Due to the globalization of the healthcare system, the growth of the medical tourism industry is driving the surgical laser market. In recent years, the number of people going abroad for medical treatment has increased steadily. Many countries position themselves as medical destinations, attracting patients with high-quality services and advanced technology. Due to the high cost of treatment and procedures in developed countries, developing regions are now taking advantage of better facilities and affordable costs to meet the growing medical needs.
The increasing demand for minimally invasive or non-invasive surgery, and the tendency of patients to shorten hospital stays, these factors have prompted manufacturers to develop products and equipment that are technologically advanced and provide faster recovery. With the introduction of new products, this drives competition. For example, in July 2018, Candela’s Vbeam Prima, a pulsed dye laser (PDL), was approved by the U.S. Food and Drug Administration for use in a wide range of health conditions, such as rosacea, acne, face, and legs. And spider veins, scars, port wine stains, warts, stretch marks and wrinkles.
The increasing use of dental lasers due to the benefits of surgery and the increasing number of initiatives taken by developers to raise awareness are a positive growth factor. In February 2018, Biolase, Inc. announced measures to increase dental laser awareness by providing laser dentistry education courses to help dentists provide the best patient care. Increasing awareness of advanced cosmetic surgery is an important factor leading to more acceptance and demand. Used for advanced cosmetic surgery in developed and developing regions around the world.
In recent years, the number of cosmetic procedures involving surgical laser equipment has increased significantly. According to data from the American Society of Plastic Surgeons (ASPS), approximately 17.7 million cosmetic procedures were reported in the United States in 2018, including minimally invasive and surgical procedures. The source further claimed that these procedures have increased by 200% since 2000.
PRODUCT INSIGHT:
The solid-state laser system division is expected to account for the largest revenue share of the surgical laser market in 2020, at 35%. The solid-state system is further divided into erbium yttrium aluminum garnet (Er: YAG), neodymium yttrium aluminum garnet (Nd: YAG), holmium yttrium aluminum garnet (Ho: YAG), system ruby laser, etc. Nd: YAG laser systems for cosmetic purposes have been adopted all over the world, and market participants have launched their surgical laser products and systems in various regions.
For example, in June 2020, Cynosure launched Elite iQ in the United States, Australia and Europe, a system designed specifically for cosmetic procedures such as skin activation and laser hair removal. The product is equipped with a live melanin reader, which can provide personalized laser hair removal treatment for various parts of the body. The advancement of Nd: YAG lasers, and the types of lasers that have been widely adopted due to the efficient results of almost all skin types, are some of the main factors driving the growth of the surgical laser market segment.
Carbon dioxide surgical lasers account for a large proportion of gas laser systems because these surgical laser systems are inexpensive and have high surgical accuracy. Due to the various advantages offered by these systems, market participants are focusing on launching CO2 lasers. For example, in March 2018, OmniGuide Holdings, Inc. launched the C-LAS Line of Sight CO2 laser system. The laser system provides minimally invasive surgery, using precise CO2 laser energy to provide patients with more treatment options.
END USE INSIGHT:
The hospital sector dominates the surgical laser market and accounted for a 38% revenue share in 2020. The sector is expected to maintain its dominant position during the forecast period. The growth of the hospital segment is attributable to the increasing number of hospital cosmetic procedures in major markets such as the United States, Germany and Japan. For example, according to data released by the American Society of Plastic Surgeons (ASPS), in 2018, US hospitals performed approximately 4,488,550 cosmetic surgeries. In addition, economic awareness of cosmetic surgery and cosmetic surgery has increased.
Emerging companies such as India and China are expected to support the growth of this segment. Due to the continuous increase in the number of surgical operations performed at ASC, outpatient surgery centers are growing the fastest. This helps reduce overall patient response time and out-of-pocket costs. ASC also helps expand the scope of advanced surgery in remote areas.
APP INSIGHTS
The aesthetics department accounted for 30% of revenue share in 2020 and is expected to maintain its dominant position during the forecast period. According to different applications, the surgical laser market is divided into cosmetology, surgery, dentistry and ophthalmology. More and more U.S. Food and Drug Administration (FDA) approved expanded dermatological applications, such as skin rejuvenation, treatment of varicose veins, acne, tattoos and pigmented lesions, and promoted the development of the beauty industry. In addition, in November 2016, Fotona d.o.o. established the Laser and Health Academy (LA&HA) to provide research and education on new medical applications of lasers, hold advanced seminars and seminars, and improve treatment standards and treatment efficiency.
The growth of the surgical department is attributed to the increasing prevalence of heart, urology and gynecological diseases, as well as product innovation and approvals. In July 2020, the SuperPulsed laser system developed by Soltive Laser System was launched in the United States to help urologists achieve better results in lithotripsy and soft tissue applications.
In June 2020, Candelas CO2RE laser was approved by Health Canada for the treatment of female stress urinary incontinence (SUI) and menopausal genitourinary syndrome (GSM). According to an article published by the National Center for Biotechnology Information, in April 2019, urinary incontinence (UI) mainly affects women, occurring in 20-30% of young women, 30-40% of middle-aged women, and more than 50%. Elderly women.
REGIONAL INFORMATION:
North America has the largest revenue share in 2020, about 45%, and is expected to continue to dominate during the forecast period. From a regional perspective, the surgical laser market is subdivided into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.
This dominance is attributed to the advanced medical infrastructure, the high adoption of technologically advanced cosmetic laser equipment, and the growing demand for cosmetic and cosmetic surgery in North America. In addition, the local presence of major players and their continued strategic initiatives are expected to further create a positive environment for the market.
According to data from the American Society of Plastic Surgeons (ASPS), the total number of ablative laser-assisted skin resurfacing operations performed in the United States in 2016 was reported to be 316,886. In addition, compared with 2015, this number has increased, namely 326,120 operations.
In the Asia-Pacific region, the surgical laser market is expected to grow at a profitable rate during the forecast period. Several major players are adopting various growth strategies to expand their knowledge of their surgical laser equipment and gain a competitive advantage.
For example, in September 2018, Lumenis Ltd., a medical device company for surgical, cosmetology and ophthalmology applications, organized an exclusive "GuruKool" scientific seminar and program in Bangalore, India. The surgical laser market in the Asia-Pacific region. For example, according to data published by the International Society of Aesthetic Plastic Surgery (ISAPS), Japan performed approximately 1,320,533 cosmetic/plastic surgeries in 2018. The same source also stated that 401,713 hair removal operations were performed in the country in 2018.
KEY COMPANIES AND MARKET SHARE PROSPECTS:
Product launches, strategic acquisitions and product innovations are the main strategies for market participants to maintain market share. In 2016, Fotona d.o.o. established the Laser and Health Academy (LA&HA) to provide research, education and publications in the field of laser medicine. The organization focuses on holding seminars and seminars to showcase advanced laser technology to improve treatment standards and treatment effects/efficiency. Some of the major players in the surgical laser market include: Cynosure, Inc. Lumenis Ltd., Candela Corporation, Cutera, Inc., Lutronic Corporation, El.En Group, Fotona Doo.Alcon, Biolase, Asclepion Laser Technologies GmbH.
MARKET SEGMENTS COVERED BY THE REPORT:
The report forecasts global, regional and national revenue growth, and analyzes the latest industry trends in each market segment from 2022-2030. For the purpose of this research, Kenneth Research will report on the global surgical laser market based on products, applications, end-uses and regions: Product Outlook (Revenue, USD million, 2022-2030) solid-state laser systems Erbium, Yttrium, Aluminum, Pomegranate Stone (Erbium: YAG), Neodymium, Yttrium Aluminum Garnet (Nd: YAG) Holmium Yttrium Aluminum Garnet (Ho: YAG) Ruby Laser System Other Gas Laser System Carbon Dioxide Excimer He Neon Diode Laser System Other Application Prospects (Income, 100 Million USD, 2022-2030) End-use prospects of surgical aesthetics dental ophthalmology hospital, 2030-USD Outpatient Outpatient Surgery Center.
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