Comprehensive Urology Medical Lasers Market Analysis, By The Business Research Company
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
North America held the largest urology medical lasers market share.
The global urology medical lasers market is expected to grow from $0.97 billion in 2022 to $1.01 billion in 2023 at a compound annual growth rate (CAGR) of 4.9%. The urology medical lasers market size is expected to grow from $1.23 billion in 2027 at a CAGR of 5.0%.
Major Driver In The Urology Medical Lasers Market – Rise In Cases Of Urological Disorders
According to the American Institute for Cancer Research, bladder cancer is the sixth most prevalent disease in males and the seventeenth most common cancer in women. The rise in urological disorders and conditions drives the demand for urological procedures and propels the urology medical lasers market forward.
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Key Urology Medical Lasers Market Segments
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
Recent Urology Medical Lasers Market Trend – Product Innovation
The product advancements help urologists achieve better outcomes by providing diagnostic, therapeutic, and minimally invasive techniques that improve clinical outcomes, lower overall costs, and increase patient quality of life. For example, Olympus®, a Japanese optics and reprography product manufacturer, will announce the commercial launch of the SoltiveTM SuperPulsed Laser System (Soltive Laser System) in June 2020, a new application of thulium fibre laser technology designed for stone lithotripsy and soft tissue applications.
Urology Medical Lasers Market Prominent Players
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.
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The Urology Medical Lasers Global Market Report 2023 provides a comprehensive overview on the urology medical lasers market size, trends and drivers, opportunities, strategies, and companies analysis. 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, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Urology medical lasers are used in the treatment of urological disorders such as urinary stones and benign prostatic hyperplasia (BPH).
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