The term
laser is an acronym for the “light amplification by stimulated emission of
radiation” and laser is a light beam emitted from a device through a method of
optical amplification based on the stimulated emission of electromagnetic
waves. Surgical lasers
use a beam to treat blood vessels that are bleeding or to remove diseased
tissues. There are a number of different kinds of laser beams. Each one of them
has a different color and use. The color of the light beam is related to the
color of the tissue that is being treated and type of surgery that is being
performed. Lasers can be used in almost every surgical procedure. In fact,
general surgeons use various laser wavelengths and laser delivery systems to
cut, vaporize, and remove tissue.
The lasers
are used for the different purposes such as to shrink or destroy tumors and
lesions, to seal the blood vessels to reduce the blood loss, to remove moles,
warts and tattoos and to decrease the appearance of the skin wrinkles. In fact,
the lasers are used by the skilled and the trained surgeon for accomplishing
the tasks related to the surgery that are complex and can be used to minimize
the extent of the surgery and for achieving better outcomes in wound healing.
Further, they are extremely useful in both open and laparoscopic procedures.
Common surgical uses include breast surgery, removal of the gallbladder, hernia
repair, solid organ surgery and treatment of pilonidal cyst. Moreover,
generally three types of the lasers are used in the medical treatment. These
include Carbon dioxide laser, Neodymium yttrium-aluminum-garnet laser and Argon
Laser. The Carbon Dioxide laser is a device that coverts light energy to
heat and the heat is then used for the purpose of minimizing the bleeding
whereas Neodymium yttrium-aluminum-garnet laser enables the surgeons to see and
touch the body parts that could otherwise be reached only through open surgery.
Moreover, the Argon laser use light-sensitive dyes to shrink or dissolve
tumors.
Market Size and Forecast
The global surgical lasers market
is expected to grow at a CAGR of 7% over the forecast period to reach USD 2.80
billion by 2024. Technological advancements in surgical lasers, high prevalence
of ophthalmic disorders and growing preference for minimally invasive surgeries
is expected to push the market to the global level. Further, the growth of the
market is driven by the increasing number of the patients suffering from the
various disorders and diseases such as eye disorder and cancer.
Market Segmentation
Our-in
depth analysis of the global surgical lasers market includes the following
segments:
By
Application
Dentistry
Dermatology
Gynecology
Urology
Aesthetic
The global
surgical lasers market is further classified on the basis of region as follows:
Growth Drivers and Challenges
The growth
of the market is primarily driven by the rapid pace of the technology and the
increasing number of chronic diseases across the globe. The increasing
prevalence of the targeted diseases such as cancer and cardiovascular diseases
and expanding base of patients suffering from ophthalmic disorder are the
leading factors that has expanded the market to the global level. The growing
preference for minimally invasive surgeries is also creating an up thrust in
the global demand for surgical laser products. Moreover, the rising investments
in the field from both public and private sectors are augmenting the
market. Further, the advancements in the laser surgery, particularly the
eye surgery have revolutionized the globe. Recently, the U.S. Food Drug and
Administration has approved the technology that may change the way how the eye
surgeons perform the operations. It is called Intra LASIK. The IntraLASIK
procedure uses a precision laser device to create potentially a more precise
flap without the use of a blade. Therefore, with the advantages the demand for
the surgical operations through the laser has increased which has led to the
expansion of the market. However, the market growth is hindered by the high
procedural costs and limited medical reimbursements that act as a restraint to
the market. Moreover, the safety concerns associated with the use of the
surgical lasers also hamper the market growth.
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The carbon
dioxide (CO2) based lasers are anticipated to be fastest growing segment in the
surgical lasers market owing to the availability of advanced CO2surgical
lasers. The laparoscopic surgery segment is expected to lead the surgical
lasers market. The growth of this segment can be due to the growing awareness
among patient, procedural benefits of this surgery and demand for minimally
invasive procedures. The urology segment is projected to be fastest growing.
The growth of this segment can be attributed to the increasing prevalence of
urological disorders such as renal cancer, kidney stones and prostate
enlargement.
On the
basis of the geography, North America holds the largest share of the market,
followed by Europe. Increasing prevalence of chronic diseases, use of
innovative surgical methods by the healthcare professionals, significant
medical reimbursement policies and the large number of cosmetic laser equipment
manufacturers are the major driving factors for the growth of surgical lasers
market in this North America region. However, Asia-Pacific market is expected
to be fastest growing surgical lasers market. Factors such as the presence of a
large patient population for target diseases and rising awareness among
healthcare professionals regarding the benefits of surgical lasers are driving
the growth of surgical lasers market in the region.
Key Players
Abbott
Laboratories, Inc
Company
Overview
Key
Product Offerings
Business
Strategy
SWOT
Analysis
Financials
Bausch
& Lomb Incorporated
Biolitec
AG
Boston
Scientific Corporation
Lumenis
Quanta
System S.p.A
Carl Zeiss
Meditec AG
Fotona
Bison
Medical
Cynosure,
Inc
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