Increasing prevalence of chronic diseases, technological advancements in surgical lasers, increasing incidence and prevalence of targeted diseases, and high prevalence of ophthalmic disorders are the major factors driving the growth of this market.
In addition, growing preference for minimally invasive surgeries are further adding to the growth prospects of this market.
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The surgical lasers market is expected to reach USD 2.37 Billion by 2021 from USD 1.85 Billion in 2016; growing at a CAGR of 5.1% during the forecast period.
Top Key Players
Lumenis (Israel), Cynosure, Inc. (U.S.), Alma Lasers (Israel), Abbott Laboratories, Inc., (U.S.), Boston Scientific Corporation (U.S.), IPG Photonics Corporation (U.S.), Spectranetics Corporation (U.S.), Biolitec AG (Austria), Fotona d.o.o. (Slovenia), and BISON MEDICAL Co., Ltd. (South Korea) are some of the key players in the surgical lasers market.
Target Audience:
Surgical laser product manufacturing companies
Product suppliers and distributors
Healthcare service providers [including hospitals, specialty clinics, and ambulatory surgery centers (ASCs)]
Research laboratories and academic institutes
Clinical research organizations (CROs)
Government regulatory authorities
Independent authorities and non-government organizations
Market research and consulting firms
Venture capitalists
On the basis of region, the market is segmented into four regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World. In 2016, North America is estimated to dominate the global surgical lasers market.
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Factors such as the use of novel surgical technologies among healthcare professionals (owing to the growing number of clinical trials and significant medical reimbursement available in the U.S. for laser-assisted surgical procedures) and a large number of cosmetic laser equipment manufacturers in the region enabled the growth of this market.