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Surgical Lasers Market Size
Surgical Lasers Market size is poised to expand at a notable CAGR from 2024 to 2032, fueled by the growing patient preference for minimally invasive surgeries.
Higher awareness around the risks of conventional surgeries deploying dissecting equipment, in comparison to their minimally invasive counterparts, is surging the need for various advanced equipment. To that end, surgical lasers have emerged as an essential solution against cancer as they are commonly used to cut out tumors without harming the surrounding tissue. As per the American Cancer Society, the U.S. anticipated to report around 1,95 million new cancer cases in 2023. The rising prevalence of chronic ailments, including cancer will also proliferate the product demand.
According to the WHO, one in every six persons worldwide will reach the age of 60 years or above by 2030. Such rapidly expanding elderly demographic prone to age-related ailments requiring surgical treatment will drive the adoption of surgical lasers across diverse medical specialties.
Furthermore, the rising surgical lasers market demand for corrective eye procedures propelled by the growing population seeking vision correction is boosting the adoption of surgical lasers. With technological advancements and improved surgical outcomes, LASIK eye surgery procedures are gaining significant traction, further fueling the product demand.
However, the market may encounter restraints, such as higher cost of laser systems, limited accessibility in certain regions, reimbursement challenges, and stringent regulatory approvals. Additionally, the complex nature of laser procedures requiring specialized training will also hinder rapid product adoption.
Surgical Lasers Market Trends
Rising advancements in laser technology are leading to the development of advanced dermatologic laser systems, allowing market participants to foray into the cosmetic surgery sector. Innovations, such as CO2 and ablative functional lasers have made it possible to treat various skin conditions in the field, further propelling the industry outlook. For instance, In January 2024, DEKA, an Italian subsidiary of the El.En. Group launched four new laser platforms by incorporating the "PRO" line to transform traditional dermatological laser technology paradigms, cosmetic medicine, and dermatologic surgery.
Surgical Lasers Market Analysis
The dentistry segment is poised to witness high demand from 2024 to 2032. The periodontal applications of lasers include root decontamination, and soft tissue excision. The surging occurrence of periodontitis among adults in the U.S. will elevate the demand for dental surgery lasers. As per the American Dental Association, around 42% of dentate U.S. adults aged 30 or above suffer from periodontitis. Surgical lasers also offer many benefits to patients over conventional dentistry practice, including quick recovery, low blood loss, and others.
Europe surgical lasers market is poised to witness lucrative gains by the end of 2032, fueled by the rising medical needs of the increasing aging population in the region. According to a report published by the European Commission in October 2023, the EU's population exceeded 448 million in 2023 and is expected to peak around 2026. This population aging trend is also giving rise to age-related diseases, such as ophthalmic ailments. Additionally, as per Laser Eye Surgery Hub, nearly 330,000 cataract surgeries are performed every year in England alone, providing potential growth opportunities to accelerate the regional industry gains.
For instance, in September 2023, Johnson & Johnson Vision unveiled the ELITA Platform, a next-gen laser vision correction system, during the 41st European Society of Cataract and Refractive Surgeons (ESCRS) conference.
Surgical Lasers Market Share
Some of the major surgical lasers industry participants include-
- Biolitec AG (BioMed Technology Holdings Ltd.)
- Abbott Laboratories
- Cynosure
- BISON MEDICAL Co., Ltd.
- Alma Lasers (Sisram Med)
- Lumenis
- Boston Scientific Corporation
Ongoing research, development initiatives, and product innovations by leading industry players along with collaborations, acquisitions, and technological advancements are helping enhance the competitiveness and efficacy of surgical laser systems. To illustrate, Lumenis emerged as a pivotal market player for its innovative laser technologies and cutting-edge solutions for contributing significantly to the industry advancements and expansion.
Surgical Lasers Industry News
- In May 2023, Lumenis introduced ULTRApulse®Alpha, an easy-to-use setting for treatments ranging from skin resurfacing to scar correction and even minimally invasive cosmetic operations, such as blepharoplasty.