Global Urology Medical Lasers Market 2022 – Market Opportunities And Strategies
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The urology medical lasers market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 6%, as per The Business Research Company’s market report!
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The Urology Medical Lasers Market Size In 2022 And Forecast
The global urology medical lasers market is expected to grow from $0.77 billion in 2021 to $0.82 billion in 2022 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The urology medical lasers marke is expected to grow to $1.04 billion in 2026 at a CAGR of 6.1%.
The urology medical lasers market consists of sales of urology medical lasers and related services by entities (organizations, sole traders, and partnerships) that manufacture urology medical lasers.
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Rise In Cases Of Urological Disorders Is Driving The Growth Of The Urology Medical Lasers Market
According to the American Institute for Cancer Research’s statistics on bladder statistics, bladder cancer is the sixth most common cancer in men and the 17th most common cancer in women. The surge in urological diseases and conditions increases the demand for urological surgeries and supports the growth of the urology medical lasers market.
Competitive Landscape And The Regional Analysis Of The Urology Medical Lasers Market
Major players in the urology medical lasers market are Olympus Corporation, Ethicon Inc, Stryker Corporation, Boston Scientific Corporation, Richard Wolf GmbH, Cook Medical Incorporated, Karl Storz SE & Co. KG, Lumenis Ltd, Becton Dickinson and Company, and OmniGuide Holdings Inc.
Additionally, as per TBRC’s research – North America was the largest region in the urology medical lasers market in 2021 holding the largest market share.
The Urology Medical Lasers Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the urology medical lasers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the urology medical lasers market.
Developing New Products – A Key Trend In The Urology Medical Lasers Market
Major players operating in the market are continuously focusing on developing new products incorporating advanced technology to meet the requirement of medical professionals.
Urology Medical Lasers Market Segmentation By The Business Research Company
1) By Laser Type: Holmium Laser System, Diode Laser System, Thulium Laser System, Other Laser Types
2) By Application: Benign Prostatic Hyperplasia (BPH), Urolithiasis, Non-Muscle-Invasive Bladder Cancer (NMIBC), Other Applications
3) By End User: Hospital, Clinic, Other End Users
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