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What is the Predicted Annual Growth Rate of the Pulmonology Lasers Market Over the Coming Decade?

The market size of pulmonology lasers has seen a robust enlargement in the recent past. The market is predicted to expand from $5.06 billion in 2024 to $5.56 billion in 2025, with a compound annual growth rate (CAGR) of 9.9%. The substantial growth in the previous period was due to the emergence of laser technology, early employment of lasers in pulmonology, utilization of carbon dioxide lasers, improvements in delivery systems, and techniques like laser bronchoscopy.

The market for pulmonology lasers is anticipated to experience robust expansion in the coming years, reaching a value of $8.02 billion in 2029 with a CAGR of 9.6%. Factors contributing to this growth over the forecast period include the clinical efficiency of these lasers, innovation in making laser equipment more compact, training and educational initiatives, efficient regulatory procedures and approvals, and a patient preference for less invasive medical procedures. Key trends during the forecast period are expected to encompass precision medicine, the cost and availability of these lasers, research into immunotherapy and combination therapies, regulatory and ethical issues, and the popularity of minimally invasive treatments.

What Combination of Drivers Is Leading to Accelerated Growth in the Pulmonology Lasers Market?

The increase in chronic respiratory diseases is likely to fuel the expansion of the pulmonology laser market. These are long-term conditions that affect lung structures and airways, cause breathing difficulties, and significantly diminish the patient’s standard of living. Factors such as air pollution, smoking, an aging population, fast-paced urbanization, and changes in climate have contributed to this hike in chronic respiratory diseases. Pulmonology lasers play a crucial role in diagnosing bronchoscopy and therapeutic interventions, like treating airway blockages or tumors in these chronic respiratory diseases. For example, in June 2024, the Australian Institute of Health and Welfare, an Australia-based government organization, reported that approximately 2.8 million Australians or 11% of the populace were asthmatic (a chronic respiratory condition). Around 638,000 people, or roughly 2.5% of the population, lived with chronic obstructive pulmonary disease (COPD). COPD was a primary cause of death, responsible for 4.0% of deaths in Australia in that year. Hence, the influx of chronic respiratory diseases bolsters the pulmonology laser market’s growth. The pulmonology lasers market is set to thrive due to the rising popularity of minimally invasive techniques. Invasive surgeries are medical processes that typically require incisions to diagnose or treat health issues. The surge in adopting minimally invasive surgeries (MIS) can be attributed to key benefits like reduced healing time and hospital stays, less chance of complications, minimal pain and scarring, and enhanced precision via sophisticated technology. By minimizing trauma, improving precision, promoting demand for innovative technologies, and broader usage in bronchoscopic and thoracoscopic procedures, the increasing adoption of minimally invasive surgeries (MIS) is benefiting the pulmonology lasers market. According to data published by Intuitive Surgical Inc., a US-based robotic product manufacturer, in January 2023, roughly 1,875,000 surgical procedures were accomplished with Vinci Surgical Systems in 2022 — a significant 18% hike compared to the circa 1,594,000 surgical procedures performed with Vinci Surgical Systems in the previous year. Therefore, the expanding use of minimally invasive surgeries propels the growth of the pulmonology lasers market.

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What Are the Major Players Making an Impact in the Pulmonology Lasers Market’s Growth?

Major companies operating in the pulmonology lasers market are:

• Cynosure Inc.

• Coherent Corp.

• Han’s Laser Technology Industry Group

• IPG Photonics Corporation

• HÜBNER Photonics

Which Upcoming Trends Are Set to Influence the Pulmonology Lasers Market’s Path Forward?

Leading firms in the pulmonology laser market are intent on innovating with revolutionary technology, such as cutting-edge integrated laser systems, to enhance diagnostic precision and therapeutic accuracy. The term next-generation integrated laser technology denotes advanced platforms which integrate laser instruments with state-of-the-art software and hardware improvements, thus improving precision, productivity, and medical applications’ therapeutic potential. For example, Lumibird Medical, a French company that manufactures medical and ophthalmic equipment, rolled out the Capsulo Nd: YAG laser in September 2022. This device offers medical professionals better precision, safety, and productivity. This ground-breaking device merges cutting-edge Nd laser technology with meticulous engineering, attending to diverse medical procedures. Its versatile design ensures exact tissue interaction with minimized thermal damage, establishing a new standard in laser technology for elite performance and improved patient outcomes.

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Which Segments of the Pulmonology Lasers Market Hold the Most Potential for Future Development?

The pulmonology lasers market covered in this report is segmented –

1) By Type: Neodymium-Doped Yttrium Aluminum Garnet (Nd-YAG Laser), Photodynamic Laser

2) By Indication: Bronchogenic Carcinoma, Malignant Lesions, Benign Tumors, Neoplasms, Hemorrhage, Tracheal Stenosis

3) By End-Users: Specialty Care Centers, Hospitals, Academic Centers, Research Organizations

Subsegments:

1) By Nd-YAG Laser: Continuous Wave Nd-YAG Laser, Pulsed Nd-YAG Laser

2) By Photodynamic Laser: Low-Level Photodynamic Laser, High-Intensity Photodynamic Laser

What Regions Are Steering Growth in the Pulmonology Lasers Sector?

North America was the largest region in the pulmonology lasers market in 2024. The regions covered in the pulmonology lasers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

How Can We Define the Pulmonology Lasers Market and Its Key Components?

Pulmonology lasers are specialized medical devices used in the treatment of various respiratory conditions, for diagnostic and therapeutic purposes. These lasers emit high-energy light beams that can precisely target and vaporize abnormal or diseased tissue in the lungs. The purpose of pulmonology lasers is to provide minimally invasive treatment options for respiratory diseases, reducing the need for traditional surgery and improving patient outcomes.

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