Overview and Scope
Pulmonology lasers are specialized medical devices used in the treatment of various respiratory conditions, for diagnostic and therapeutic purposes. These lasers emit high-energy light beams that can precisely target and vaporize abnormal or diseased tissue in the lungs. The purpose of pulmonology lasers is to provide minimally invasive treatment options for respiratory diseases, reducing the need for traditional surgery and improving patient outcomes.
Sizing and Forecast
The pulmonology lasers market size has grown strongly in recent years. It will grow from $4.62 billion in 2023 to $5.06 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to the introduction of laser technology, initial uses of lasers in pulmonology, carbon dioxide lasers, advancements in delivery systems, and techniques such as laser bronchoscopy.
The pulmonology lasers market size is expected to see strong growth in the next few years. It will grow to $7.31 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to clinical effectiveness, advances in miniaturizing laser equipment, training and education, streamlined regulatory processes and approvals, and patient preference for less invasive procedures. Major trends in the forecast period include precision medicine, cost and accessibility, research in immunotherapy and combination therapies, regulatory and ethical considerations, and minimally invasive treatments.
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Segmentation & Regional Insights
The pulmonology lasers market covered in this report is segmented –
1) By Type: Neodymium-Doped Yttrium Aluminum Garnet (Nd-YAG Laser), Photodynamic Laser
2) By Indication: Bronchogenic Carcinoma, Malignant Lesions, Benign Tumors, Neoplasms, Hemorrhage, Tracheal Stenosis
3) By End-Users: Specialty Care Centers, Hospitals, Academic Centers, Research Organizations
North America was the largest region in the pulmonology lasers market in 2023. The regions covered in the pulmonology lasers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The surge in chronic respiratory diseases is expected to propel the growth of the pulmonology laser market going forward. Chronic respiratory diseases encompass long-term conditions that affect the airways and lung structures, leading to breathing difficulties and substantially impacting quality of life. The rise in chronic respiratory diseases is due to factors such as air pollution, smoking, an aging population, rapid urbanization, and climate changes. Pulmonology lasers are used in chronic respiratory diseases for diagnostic bronchoscopy and therapeutic interventions such as treating airway obstructions or tumors. For instance, in June 2024, according to the Australian Institute of Health and Welfare, an Australia-based government agency, around 2.8 million Australians, constituting 11% of the population, were estimated to have asthma (chronic respiratory condition), with approximately 638,000 individuals, and around 2.5% of the population, living with chronic obstructive pulmonary disease (COPD). Chronic obstructive pulmonary disease (COPD) was a leading underlying cause of death, accounting for 4.0% of fatalities in Australia that year. Therefore, the surge in chronic respiratory diseases is driving the growth of the pulmonology laser market.
Key Industry Players
Major companies operating in the pulmonology lasers market are Cynosure Inc., Coherent Corp., Han’s Laser Technology Industry Group, IPG Photonics Corporation, HÜBNER Photonics, Lumenis Ltd, Cutera Inc., Lumibird SA, Candela Corporation, Fotona LLC, Sciton Inc., Ellex Medical Pty Ltd, Spectra-Physics Inc., EKSPLA Co, Biolitec AG, Hironic Inc., Alma Lasers Ltd., Bestview Company, Photomedex Inc., Optotek Medical, Optogama UAB, Beijing Hoplaser Lead-Edge Laser Techno. Ltd, Beijing Sincoheren S & T Development Co Ltd, Fisioline Srl, Amada Miyachi
The pulmonology lasers market report table of contents includes:
1. Executive Summary
2. Pulmonology Lasers Market Characteristics
3. Pulmonology Lasers Market Trends And Strategies
4. Pulmonology Lasers Market – Macro Economic Scenario
5. Global Pulmonology Lasers Market Size and Growth
….
32. Global Pulmonology Lasers Market Competitive Benchmarking
33. Global Pulmonology Lasers Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Pulmonology Lasers Market
35. Pulmonology Lasers Market Future Outlook and Potential Analysis
36. Appendix
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