The Urology Medical Lasers Market Forecast Until 2030 – Opportunities And Strategies
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The urology medical lasers market is expected to grow from $0.91 billion in 2021 to $1.16 billion in 2026 at a rate of 5.1%. The global urology medical lasers market size is then expected to grow at a CAGR of 5.3% from 2026 and reach $1.50 billion in 2031.
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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Urology Medical Lasers Market Driver
Companies in the urology medical lasers market are increasingly opting for mergers and acquisitions to improve their product portfolio and strengthen their geographic presence.
Urology Medical Lasers Market Trends
The adoption of big data and artificial intelligence is an emerging trend in the urology medical lasers market. Recent developments in artificial intelligence (AI) have had a significant impact on the healthcare industry. In urology, AI has been widely implemented to treat numerous urological disorders such as benign prostate hyperplasia, urothelial andprostate cancer and perform procedures inurolithiasis, paediatric urology, urogynaecology, infertility, and reconstructive surgery. Improvements made in Big Data Analytics has raised expectations regarding the future of urology. Big data in healthcare relates to the digitally accumulated patient data collected from numerous sources including EHRs, medical imaging, and genomic sequencing, which helps in early diagnosis, treatment and management of various urological conditions.
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Opportunities And Recommendations For The Urology Medical Lasers Market
Opportunities – The top opportunities in the urology medical lasers market segmented by laser type will arise in the holmium laser system segment. The top opportunities in the urology medical lasers market segmented by end user will arise in the hospital segment. The top opportunities in the urology medical lasers market segmented by application will arise in the benign prostatic hyperplasia (BPH) segment. The urology medical lasers market size will gain the most in the USA.
Recommendations – The Business Research Company recommends the urology medical lasers market companies to to focus on development of novel technologies, use big data and artificial intelligence, adopt fiber-optics in laser technology, expand into developing countries, set up authorized distributors and sales representatives, provide competitively priced offerings, focus on securing long-term supply contracts with healthcare institutions, leverage social media to maximize reach, participate in trade shows and events and target urologists and urology hospitals.
Major Players And Regions Of The Urology Medical Lasers Market
Major players in the urology medical lasers market are Olympus Corporation, Boston Scientific Corporation, Lumenis Ltd., Richard Wolf GmbH, Quanta System S.p.A.
North America was the largest region in the urology medical lasers market and South America, and Asia Pacific is expected to be the fastest-growing region in the forecast period.
The Urology Medical Lasers Market Report 2022 – Opportunities And Strategies – Global Forecast To 2031 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 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.
Urology Medical Lasers Market Segmentation By The Business Research Company
1) By Laser Type: Holmium Laser System, Diode Laser System, Thulium Laser System, Others
2) By Application: Benign Prostatic Hyperplasia (BPH), Urolithiasis, Non-Muscle-Invasive Bladder Cancer (NMIBC), Others
3) By End-User: Hospitals, Clinic, Others
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