According to the surgical lasers market demand analysis, this market will grow steadily at a CAGR of over 9% by 2021. This market research analysis identifies the high prevalence of chronic disorders as one of the primary growth factors for this market. Rising number of chronic conditions such as cardiovascular diseases, dermatology, eye disorders, urology, and gynecological diseases globally is one of the main factors driving the market. As a result, the usage of lasers has become an essential practice in ophthalmology for treating various diseases as patients are preferring minimally invasive procedures for the treatment, which can be achieved through the usage of lasers. Consequently, it can be estimated that the growing usage of surgical lasers for the treatment of various chronic conditions is one of the major factors driving the overall global surgical lasers market.
The growing focus on emerging economies is one of the latest trends that will gain traction in the surgical lasers market in the coming years. Emerging countries are undergoing rapid economic development, resulting in the improvement in living standards. Additionally, they are constantly focusing on improving their healthcare infrastructure and providing high-quality treatment options due to the presence of a large patient pool for chronic diseases. This increases the demand for laser surgery and associated treatment options.
Competitive landscape and key vendors
The market is highly competitive with the presence of many vendors including niche vendors from across the globe and witnessed intense competition with the presence of well-established and diversified international and local vendors. Furthermore, the intense competition in this market is expected to increase with an increase in product extensions and mergers and acquisitions.
The leading vendors in the market are
The other prominent vendors in the market include A.R.C. LASER, Abbott Medical Optics, Alma Lasers, AngioDynamics, Bausch & Lomb, Biolase, Carl Zeiss Meditec, Coherent, CryoLife, Cutera, Cynosure, DEKA Medical, Dornier MedTech, Elemé Medical, Ellex Medical Lasers, Ellman International, HOYA ConBio, Jenoptik, JenaSurgical, Karl Storz, Laser Engineering, LENSAR, LightMed, LISA Laser USA, Lutronic, Medelux, Merz Aesthetics, Mm and Niic, New Star Lasers, Nidek Technologies, Novadaq Technologies, Olympus, Quanta System, Quantel, Spectranetics, Sunny Optoelectronic Technology, Topcon, Trimedyne, and Ziemer Ophthalmic Systems.
Segmentation by product and analysis of the surgical lasers market
Based on the surgical lasers market outlook, the diode laser systems segment accounted for the major shares of this market. Diode lasers systems are involved in a variety of the medical applications such as highly complex surgical procedures on the eye. Additionally, the introduction of compact and portable diode laser systems will contribute to the growth of this industry segment in the coming years.
Geographical segmentation and analysis of the surgical lasers market
This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the market by 2021. This is due to the increasing ophthalmic population and the growing prevalence of various chronic conditions in this region. In addition, the increased adoption of Lasik treatment in this region will also boost the demand for lasers in the market.
Key questions answered in the report include
What will the market size and the growth rate be in 2021?
What are the key factors driving the global surgical lasers market?
What are the key market trends impacting the growth of the global surgical lasers market?
What are the challenges to market growth?
Who are the key vendors in the global surgical lasers market?
What are the market opportunities and threats faced by the vendors in the global surgical lasers market?
What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
What are the key outcomes of the five forces analysis of the global surgical lasers market?
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