December 4th, 2022 DelveInsight Business Research LLP Releases
The global Surgical Lasers Market was valued at USD 1,831.67 million in 2021 and growing at a CAGR of 7.26% during the forecast period (2022 to 2027), it is expected to reach USD 2,772.61 million by 2027. The surgical lasers Market is expected to grow in the coming years owing to technological advancements, the increasing prevalence of acute and chronic disorders (such as ophthalmic and oncological disorders), the growing preference for minimally invasive surgeries, and the rise in the geriatric population. The leading MedTech companies in the surgical lasers Market include LightScalpel, Quanta System, KLS Martin Group, Lumenis Be Ltd. (Boston Scientific Corporation), INTERmedic Arfran, Cynosure (Hologic), Alma Lasers, Johnson & Johnson Vision Care, Inc., IPG Photonics Corporation, Koninklijke Philips N.V., biolitec® AG, Fotona, BISON MEDICAL, Alcon Laboratories, Inc., A.R.C. Laser GmbH, Ziemer Ophthalmic Systems, Carl Zeiss Meditec AG, MEDA Co., Ltd., LIGHTMED, NIDEK CO., LTD., and others.
DelveInsight’s “ Surgical Lasers Market” research report provides the current and forecasted surgical lasers market size, share, and trends analysis for the next five years, upcoming innovations in the segment, and major market drivers & barriers. The report also covers the key competitors and emerging devices in the domain.
According to the FDA, surgical lasers are devices used to precisely focus light sources to treat or remove tissues. Because lasers can focus very accurately on tiny areas, they can be used for very precise surgical work or for cutting through tissue. Surgical lasers have several benefits, as they can help the surgeon to accomplish more complex tasks and reduce blood loss. Moreover, it can reduce postoperative discomfort.
To get a better understanding of the market scenario, the “ Surgical Lasers Market Report” provides in-depth insights into the market, segmentation by-product types (such as solid-state laser systems [Erbium Yttrium Aluminum Garnet (Er: YAG), Neodymium Yttrium Aluminum Garnet (Nd: YAG), Holmium Yttrium Aluminum Garnet (Ho: YAG), others], gas laser systems [CO2, Argon, Excimer, others], Diode Laser Systems, others), by procedure (open surgery, laparoscopic surgery, percutaneous surgery, others), by application (cosmetic, dental, ophthalmic, gynecology, others), end users (hospitals and clinics, ambulatory surgical centers, others), and by geography (North America, Europe, Asia-Pacific, and rest of the world). As per the assessment, in the procedure segment of the surgical lasers market, the CO2 Gas Laser Systems are anticipated to hold a higher share in the surgical lasers market during the forecast period (2022-2027) owing to the specific features associated with these lasers.
The surgical lasers market is expected to grow in the coming years owing to technological advancements and new product launches in the market across the globe. In recent years, major MedTech giants have launched several advanced products in the market.
Moreover, the demand for surgical lasers is witnessing a surge due to the growing popularity of minimally invasive procedures and rising awareness. Surgical lasers offer accuracy, stability, and integration with modern technology and multiple other benefits exclusive to individual surgical specialties. As a result, surgical lasers hold significant potential to revolutionize the field of surgery. Thus, owing to the advantages of surgical lasers in the medical field, the growth prospect appears lucrative. However, certain factors, such as the high cost of laser devices and the safety concerns associated with lasers, may impact the surgical laser market growth.
Due to the unprecedented outbreak of the COVID-19 pandemic, the surgical lasers Market reported a setback in growth for a short duration. The demand for surgical lasers gets impacted by the implementation of the lockdown, precautionary measures, and stringent guidelines. Moreover, the patients were also highly unwilling to seek elective health treatment, such as cataracts and refractive surgery. Urgent medical care procedures and Covid-19-related cases were given priority. However, with the active vaccination and slower transmission of Covid-19, the situation is improving, which is expected to accelerate the surgical lasers market growth in the coming years.
Interested to know more about the ongoing developments in the market? Visit to get an in-depth insight into Surgical Lasers Types and Emerging Products
Surgical Lasers – Global Market Assessment and Forecast
North America is anticipated to hold a major chunk of market share in the Global surgical lasers market. The increasing incidence and prevalence of acute and chronic disorders, particularly ophthalmic and oncological disorders in the North American region, are expected to drive the surgical lasers Market. In the United States, about 12 million people 40 years and over have vision impairment, including 1 million who are blind, 3 million who have vision impairment after correction, and 8 million who have vision impairment due to uncorrected refractive error. It is estimated that about 3.7 million cataract cases were performed in 2020 in the United States among Medicare beneficiaries. Moreover, Minimally Invasive Surgery approaches, such as the use of surgical lasers, are gaining popularity owing to their precision and minimal invasion of the surrounding anatomy. There were more than 17.7 million surgical and minimally-invasive cosmetic procedures performed in the United States in 2018. In addition to the rising demand for minimally invasive surgeries, the presence of a large patient population, encouraging reimbursement policies, and increasing product launches in the region are also anticipated to aid in the market growth.
Interested in knowing how the market will grow by 2027? Click to get a snapshot of Surgical Lasers Market Trends and Developments
Surgical Lasers Market – Key Developments and Breakthroughs
Over the years, the surgical lasers market has evolved significantly owing to the active participation of global MedTech companies and technological advancements in the domain. Some of the major advancements in recent years in the surgical lasers market are –
As per DelveInsight, the ongoing clinical & commercial development activities and research in the domain will contribute immensely to the Surgical Lasers Market growth in the coming years.
Key Companies in the Surgical Lasers Market
The leading MedTech giants in the surgical lasers market include LightScalpel, Quanta System, KLS Martin Group, Lumenis Be Ltd. (Boston Scientific Corporation), INTERmedic Arfran, Cynosure (Hologic), Alma Lasers, Johnson & Johnson Vision Care, Inc., IPG Photonics Corporation, Koninklijke Philips N.V., biolitec® AG, Fotona, BISON MEDICAL, Alcon Laboratories, Inc., A.R.C. Laser GmbH, Ziemer Ophthalmic Systems, Carl Zeiss Meditec AG, MEDA Co., Ltd., LIGHTMED, NIDEK CO., LTD., and others. As per DelveInsight, due to the high growth rate and positive return, several new players are expected to enter the surgical lasers market in the coming years. The entry of new players and the launch of emerging products will immensely drive market growth.
Learn how new players’ entries will transform the market dynamics in the coming years at Surgical Lasers’ Competitive Landscape
Scope of the Surgical Lasers Market Report:
DelveInsights’ Remark: The “Surgical Lasers Market” is anticipated to grow at a significant CAGR of 7.26% forecast till 2027 owing to technological advancements, increasing incidence and prevalence of acute and chronic disorders (particularly ophthalmic disorders and oncological disorders), growing preference for minimally invasive surgeries, rising geriatric population, among others. North America is expected to register the fastest growth in the Global Surgical Lasers Market.
Reach out to us to get a more detailed overview of the Surgical Lasers Regulatory & Patent Analysis
Key Takeaways From the Surgical Lasers Market Report Study
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The global Surgical Retractors Market to grow at a CAGR of 5.80% during the forecast period (2022 to 2027) and is anticipated to reach USD 3.26 billion by 2027. The leading companies in the market include Johnson & Johnson, Medtronic, JUNE MEDICAL, Auxein Medical, Advin Health Care, Stryker, Medline Industries, LP, RTI Surgical, Innomed, BVI, Livac Pty Ltd, among others.
The global Powered Surgical Instrument Market to grow at a CAGR of 4.26% during the forecast period (2022 to 2027) and is anticipated to reach USD 2.65 billion by 2027. The leading companies in the market include Stryker, CONMED Corporation, Medtronic, DePuy Synthes (Medical Devices Business Services, Inc.), MicroAire Surgical Instruments, Zimmer Biomet, De Soutter Medical, medical bees GmbH, MatOrtho Limited, NAKANISHI, Kaiser Medical Technology, and others.
The global Surgical Energy Generators Market to grow at a CAGR of 3.37% during the forecast period (2022 to 2027). The leading companies in the market include Medtronic, Olympus., CONMED Corporation, Symmetry Surgical Inc., Applied Medical Resources Corporation, ERBE GmbH, Kirwan Surgical Products, LLC, KARL STORZ GmbH, OSYPKA AG, Avanos Medical, Inc., AngioDynamics and others.
The global Surgical Robotic System Market to grow at a CAGR of 11.50% during the forecast period (2022 to 2027) and is anticipated to reach USD 9.64 billion by 2027. The leading companies in the market include Intuitive Surgical Inc, Stryker, JOHNSON & JOHNSON MEDICAL, Medtronic, CMR Surgical, Medicaroid Corporation, Zimmer Biomet, Corindus, (Siemens Healthineers), Preceyes, MicroSure, Memic Innovative Surgery, and others.
DelveInsight is a leading Business Consultant and Market Research firm focused exclusively on life sciences. It supports Pharma companies by providing comprehensive end-to-end solutions to improve their performance.
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