The global urology laser surgical devices market size will grow by USD 129.16 million during 2019-2023. This market report provides a detailed analysis of the market by product (portable laser surgical devices and table-top laser surgical devices) and geography (Asia, Europe, North America, and ROW). Also, the report analyzes the market’s competitive landscape and offers information on many market vendors, including biolitec AG, Boston Scientific Corp., El.En. Spa, Olympus Corp., and XIO Group.
Key Insights on Urology Laser Surgical Devices Market - Global Forecast 2019-2023
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Industry Overview
The rising prevalence of urological disorders is one of the major factors that will drive urology laser surgical devices market growth. Urolithiasis and nephrolithiasis are common across the world. Their high prevalence rate is attributed to the presence of high-risk factors such as diabetes and hypertension. Considering such developments, vendors are collaborating with research institutions to carry out R&D to manufacture innovative technologies, such as urology laser devices. As these devices can perform non-invasive procedures, associated with faster recovery and less painful surgeries, their demand is increasing. As a result, the urology laser devices market is expected to record a substantial growth during 2019-2023.
Laser technology has become crucial in performing minimally invasive surgeries in the healthcare sector. As a result, vendors are leveraging the high demand for laser solutions and are offering innovative systems to improve sales. In line with this, the laser system used in urology has evolved over the period. For instance, MultiPulse HoPLUS, manufactured by Asclepion Laser Technologies, emits light with a wavelength of 2,100 nm, which is highly absorbed by water and reduces the thermal effect and damage to adjacent tissues. Though laser procedures were previously restricted to nephrolithiasis, it is currently used to treat a wide array of urological conditions, such as prostate cancer and kidney cancer. This is one of the urology laser surgical devices market trends that will drive market growth at a CAGR of almost 7%.
Top Companies in Urology Laser Surgical Devices Market
The global market is fragmented. To help clients improve their market positions, this urology laser surgical devices market forecast report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. This urology laser surgical devices market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies in creating strategies to make the most of future growth opportunities.
The report offers a detailed analysis of several leading urology laser surgical devices manufacturers, including:
- biolitec AG
- Boston Scientific Corp.
- El.En. Spa
- Olympus Corp.
- XIO Group
Market Segmentation
Urology Laser Surgical Devices Market by Product
- Portable laser surgical devices
- Table-top laser surgical devices
The portable laser surgical devices segment held the largest market share in 2018. The segment will account for the highest urology laser surgical devices market share over the forecast period. Growing distribution agreements, rising availability of innovative portable laser surgical devices, and flexibility and efficacy of these devices will boost the growth of the market segment during the forthcoming years. This report provides an accurate prediction of the contribution of all the segments to the growth of the urology laser surgical devices market size.
Urology Laser Surgical Devices Market by Region
- Asia
- Europe
- North America
- ROW
With a complete study of the growth opportunities for companies, it has been identified that North America will account for the highest share of the urology laser surgical devices market throughout the forecast period. Factors such as increasing prevalence of urological diseases, growing number of awareness programs, and rising product launches are contributing to the urology laser surgical devices industry growth in this region.
Major Highlights of the Urology Laser Surgical Devices Market - Global Forecast 2019-2023
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the urology laser surgical devices market during the next five years
- Precise estimation of the global urology laser surgical devices market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the urology laser surgical devices industry Asia, Europe, North America, and ROW
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details of factors that will challenge the growth of urology laser surgical devices companies
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