Surgical Lasers Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032
The global surgical laser market size was estimated to be US$ 6.3 Billion in 2022 and is expected to reach US$ 18.1 Billion by 2032 at a CAGR of 11.1%.
Rapid technological advancements in healthcare industry, coupled with high prevalence of chronic diseases such as, ophthalmic disorders and heart surgeries are expected to drive industry growth over the coming years. Additionally, the sharp increase in number of minimally invasive surgeries performed each year is further fostering market demand for surgical lasers.
Developing economies including, Mexico, Brazil, China and India are witnessing rising healthcare expenditure and increasing per capita income, leading significant growth in region. Other factors contributing to the growth include rising target population and high prevalence of eye disorders.
Major players dominating the global market include Abbott Laboratories, Inc., Boston Scientific Corp., BISON MEDICAL Co., Ltd., Biolitec AG, Alma Lasers Co., Photomedex, Inc., and Lumenis Ltd.
The report titled “Surgical Lasers Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032” wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global surgical lasers market. Furthermore, the report would reflect on the key developments, global & regional sales network, business strategies, security & exchange overview, research & development activities, production facilities, product portfolio, employee strength, and key executive, for all the players considered under the scope of study.
For instance, Abbott Laboratories, Inc., reported revenues of US$ 30.78 Billion in 2018 and the segment and geographic analysis of the company indicates that Cardiovascular and Neuromodulation is the dominating revenue segment of the company, with the North America being the major revenue generating region.
The surgical lasers market study takes into consideration market segmentation based on type, product type, application, and geography. Based on type, the market is segmented into carbon dioxide (CO2) lasers, argon lasers, ND:Yag laser, diode lasers, solid state laser and other. Based on product type, the market is segmented into open surgery, laparoscopic surgery, and percutaneous surgery lasers. Based on application, the global surgical lasers market is segmented into ophthalmology, dermatology, dentistry, urology, cardiology, gynecology, and oncology. On the basis of geography, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.
The study provides in-depth analysis of individual company considered under the scope of study with a focus on all operating business segment, and would identify the segment of the company focusing on surgical lasers. Further, market share of company in the global market would also be calculated. For instance, NovaMed, Inc. (NASDAQ:NOVA)(“NovaMed” or the “Company”), a leading operator of ambulatory surgery centers in partnership with physicians, announced that it has entered into a definitive merger agreement to be acquired by an affiliate of Surgery Center Holdings, Inc. (“Surgery Partners”) in a transaction valued at approximately $214 million, including the assumption or repayment of approximately $105 million of indebtedness.
The report study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the surgical lasers companies. Furthermore, the global surgical lasers market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the surgical lasers business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global surgical lasers market.
For instance, Abbott Laboratories, Inc. operates through five segments namely Pharmaceutical Product, Nutritionals, Diagnostics, Cardiovascular and Neuromodulation, and Others. Moreover, the company offers Surgical Lasers under the Cardiovascular and Neuromodulation business segment which generated a revenue of US$ 9,437 Mn in 2018.
Market Segmentation:
By Type
- carbon dioxide (CO2) lasers
- argon lasers
- ND: Yag laser
- diode lasers
- solid state laser
- other
By Product type
- open surgery
- laparoscopic surgery
- percutaneous surgery lasers
By Application
- ophthalmology
- dermatology
- dentistry
- urology
- cardiology
- gynecology
- oncology
By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
- Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
- Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
- Market Synopsis: Global Surgical Laser Market
- Global Surgical Laser Market Qualitative Analysis
- Trends
- Market trends
- Technology Trends
- PESTLE Analysis (For 3 prominent countries)
- Market Influencers
- Driving Forces
- Hindering Forces
- Opportunities
- COVID-19 impact
- Trends
- Global Surgical Laser Market Analysis and Forecast, by Product Type
- Overview and definitions
- Key segment analysis
- Global Surgical Laser Market Estimates (US$ Mn), by Product Type, 2019 – 2032
- Solid State Laser System
- Erbium Yttrium Aluminum Garnet (Er: YAG)
- Neodymium Yttrium Aluminum Garnet (Nd: YAG)
- Holmium Yttrium Aluminum Garnet (Ho: YAG)
- Ruby Laser Systems
- Others
- Gas Laser Systems
- CO2
- Excimer
- Helium Neon
- Diode Laser Systems
- Others
- Solid State Laser System
- Global Surgical Laser Market Analysis and Forecast, by Application
- Overview and definitions
- Key segment analysis
- Global Surgical Laser Market Estimates (US$ Mn), by Application, 2019 – 2032
- Surgical
- Aesthetic
- Dentistry
- Ophthalmic
- Global Surgical Laser Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Surgical Laser Market Estimates (US$ Mn), by Region, 2019 – 2032
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- North America Surgical Laser Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Surgical Laser Market Estimates (US$ Mn), by Product Type, 2019 – 2032
- Solid State Laser System
- Erbium Yttrium Aluminum Garnet (Er: YAG)
- Neodymium Yttrium Aluminum Garnet (Nd: YAG)
- Holmium Yttrium Aluminum Garnet (Ho: YAG)
- Ruby Laser Systems
- Others
- Gas Laser Systems
- CO2
- Excimer
- Helium Neon
- Diode Laser Systems
- Others
- Solid State Laser System
- North America Surgical Laser Market Estimates (US$ Mn), by Application, 2019 – 2032
- Surgical
- Aesthetic
- Dentistry
- Ophthalmic
- North America Surgical Laser Market Estimates (US$ Mn), Country, 2019 – 2032
- United States
- Canada
- Rest of North America
- Europe Surgical Laser Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe Surgical Laser Market Estimates (US$ Mn), by Product Type, 2019 – 2032
- Solid State Laser System
- Erbium Yttrium Aluminum Garnet (Er: YAG)
- Neodymium Yttrium Aluminum Garnet (Nd: YAG)
- Holmium Yttrium Aluminum Garnet (Ho: YAG)
- Ruby Laser Systems
- Others
- Gas Laser Systems
- CO2
- Excimer
- Helium Neon
- Diode Laser Systems
- Others
- Solid State Laser System
- Europe Surgical Laser Market Estimates (US$ Mn), by Application, 2019 – 2032
- Surgical
- Aesthetic
- Dentistry
- Ophthalmic
- Europe Surgical Laser Market Estimates (US$ Mn), Country, 2019 – 2032
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific Surgical Laser Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Asia Pacific Surgical Laser Market Estimates (US$ Mn), by Product Type, 2019 – 2032
- Solid State Laser System
- Erbium Yttrium Aluminum Garnet (Er: YAG)
- Neodymium Yttrium Aluminum Garnet (Nd: YAG)
- Holmium Yttrium Aluminum Garnet (Ho: YAG)
- Ruby Laser Systems
- Others
- Gas Laser Systems
- CO2
- Excimer
- Helium Neon
- Diode Laser Systems
- Others
- Solid State Laser System
- Asia Pacific Surgical Laser Market Estimates (US$ Mn), by Application, 2019 – 2032
- Surgical
- Aesthetic
- Dentistry
- Ophthalmic
- Asia Pacific Surgical Laser Market Estimates (US$ Mn), Country, 2019 – 2032
- Japan
- India
- China
- Australia
- Rest of Asia Pacific
- Middle East & Africa Surgical Laser Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa Surgical Laser Market Estimates (US$ Mn), by Product Type, 2019 – 2032
- Solid State Laser System
- Erbium Yttrium Aluminum Garnet (Er: YAG)
- Neodymium Yttrium Aluminum Garnet (Nd: YAG)
- Holmium Yttrium Aluminum Garnet (Ho: YAG)
- Ruby Laser Systems
- Others
- Gas Laser Systems
- CO2
- Excimer
- Helium Neon
- Diode Laser Systems
- Others
- Solid State Laser System
- Middle East & Africa Surgical Laser Market Estimates (US$ Mn), by Application, 2019 – 2032
- Surgical
- Aesthetic
- Dentistry
- Ophthalmic
- Middle East & Africa Surgical Laser Market Estimates (US$ Mn), Country, 2019 – 2032
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East
- South America Surgical Laser Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- South America Surgical Laser Market Estimates (US$ Mn), by Product Type, 2019 – 2032
- Solid State Laser System
- Erbium Yttrium Aluminum Garnet (Er: YAG)
- Neodymium Yttrium Aluminum Garnet (Nd: YAG)
- Holmium Yttrium Aluminum Garnet (Ho: YAG)
- Ruby Laser Systems
- Others
- Gas Laser Systems
- CO2
- Excimer
- Helium Neon
- Diode Laser Systems
- Others
- Solid State Laser System
- South America Surgical Laser Market Estimates (US$ Mn), by Application, 2019 – 2032
- Surgical
- Aesthetic
- Dentistry
- Ophthalmic
- South America Surgical Laser Market Estimates (US$ Mn), Country, 2019 – 2032
- Brazil
- Rest of South America
- Competition Analysis – Surgical Laser Market
- Market Composition
- Market Share Analysis (%), by Supplier (2022)
- Company Profiles
- Alma Lasers Ltd.
- Business overview
- Geographic presence
- Product portfolio
- Financial facts
- Relevant news and strategic view
- Cynosure, Inc.
- Lumenis Ltd.
- Candela Corporation
- Cutera, Inc.
- Lutronic Corporation
- En Group
- o.o
- Alcon
- Biolase
- Asclepion Laser Technologies GmbH
- Alma Lasers Ltd.
- Conclusion & Recommendations
Frequently asked questions about this report
How big is the surgical laser market?
The surgical laser market size is expected to reach US$ 18.1 Billion by 2032.
How much is the surgical laser market growth?
The surgical laser market is expected grow at a CAGR of 11.1% from 2023 to 2032.
What was the size of the global surgical laser market in 2022?
The surgical laser market size was estimated to be US$ 6.3 Billion in 2022.
What are the major driving factors and opportunities in the Surgical Lasers market?
Rapid technological advancements in healthcare industry, coupled with high prevalence of chronic diseases such as, ophthalmic disorders and heart surgeries are expected to drive industry growth over the coming years.
What are some of the uses of Surgical Lasers?
Surgical Lasers are largely used in the ophthalmology, dermatology, dentistry, urology, cardiology, gynecology, and oncology.
What are the top players active in the Surgical Lasers Market?
The major active players are Abbott Laboratories, Inc., Boston Scientific Corp., BISON MEDICAL Co., Ltd., Biolitec AG, Alma Lasers Co., Photomedex, Inc., and Lumenis Ltd.
What is the base year considered in the Surgical Lasers market report?
The base year considered in Surgical Lasers market report is 2022.