What are the latest figures on the urology medical lasers market’s size and projected CAGR?
The urology medical lasers market size has grown steadily in recent years. It will grow from $1.03 billion in 2024 to $1.07 billion in 2025 at a compound annual growth rate (CAGR) of 4.2%. The growth in the historic period can be attributed to rapid technological advances, increased healthcare expenditure, rapid growth in elderly population, public health insurance reforms and strong economic growth in emerging markets.
The urology medical lasers market size is expected to see strong growth in the next few years. It will grow to $1.36 billion in 2029 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to an increase in mergers and acquisitions, an increase in R&D and innovations, and government initiatives will drive the growth. Major trends in the forecast period include emergence of novel technologies, use of big data and artificial intelligence, innovative laser treatments for benign prostatic hyperplasia, and use of fiber-optics in laser technology.
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What are the key drivers behind the rapid expansion of the urology medical lasers market?
Rising cases of urological disorders contribute to the demand for the urology medical lasers market. Growing urological cases including bladder cancer and prostate diseases among others are boosting the demand for minimally invasive surgeries and related devices. According to the American Institute for Cancer Research’s statistics on bladder statistics, bladder cancer is the sixth most common cancer in men and the 17th most common cancer in women. The surge in urological diseases and conditions increases the demand for urological surgeries and supports the growth of the urology medical lasers market.
What is the segmentation for the urology medical lasers market?
The urology medical lasers market covered in this report is segmented –
1) By Laser Type: Holmium Laser System, Diode Laser System, Thulium Laser System, Others
2) By Application: Benign Prostatic Hyperplasia (BPH), Urolithiasis, Non-Muscle-Invasive Bladder Cancer (NMIBC), Others
3) By End User: Hospitals, Clinic, Others
Subsegments:
1) By Holmium Laser System: Used For Procedures Like Laser Lithotripsy And Prostatectomy
2) By Diode Laser System: Employed In Various Urological Procedures, Including Tissue Ablation
3) By Thulium Laser System: Utilized For Soft Tissue Procedures, Particularly In Treating Benign Prostatic Hyperplasia (BPH)
4) By Others: Includes Other Types Of Lasers, Such As CO2 Lasers And Nd Lasers, Used In Specific Urological Applications
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Who are the most influential companies in the urology medical lasers market?
Major companies operating in the urology medical lasers market include Olympus Corporation, Boston Scientific Corporation, Lumenis Ltd., Richard Wolf GmbH, Quanta System S.p.A., Stryker Corporation, OmniGuide Holdings Inc., Convergent Laser Technologies, Biolitec AG, Allengers Medical Systems Limited, Changzhou Meditech Trading Co. Ltd, Shuzhou Sunan Zimmered Medical Instrument Co. LTD, Narang Medical Limited, Atlas Surgical, Auxein Medical, Seikagaku Corporation, Anatomics, SignatureOrtho, Fresenius Medical Care AG & Co, KARL STORZ, EndoMed Systems GmbH, Dornier MedTech, Braun Melsungen AG, Lisa Laser, IRE-Polus, IPG Photonics Co, Capital Clinic Riga, Nick Mertziotis MDPh.D, Moscow Next Generation Clinic, Private Gürlife Hospital, Warsaw Surgery Clinic, Laser Med Medical Centre, Clinica Tambre, Stereotactic Radiosurgery Center ‘SIGULDA’, Cook Medical Incorporated, CR Bard, Healthtronics Inc, Surgical Lasers Inc, Medtronic, Aerolase, cutera, Cynosure inc, Sciton inc, Sharplight Technologies, Syneron Medical inc, SoltaMedical inc, Alma Lasers, Euracare.
What are the most influential trends expected to drive the urology medical lasers market forward?
Product innovation is a key trend gaining popularity in the urology medical lasers market. The product innovations assist urologists in achieving better outcomes and deliver diagnostic, therapeutic, and minimally invasive procedures to improve clinical outcomes, reduce overall costs, and enhance the quality of life for patients. For instance, in November 2022, Apollo, an India-based hospital launched first Moses 2.0, an advanced laser technology to treat large kidney stones and prostate enlargement on high-risk patients in a bloodless and painless manner. Procedures conducted with Moses 2.0 are endoscopic and do not involve cutting open of the skin. Any size of kidney stones and the prostate can be completely treated.
What are the major regional insights for the urology medical lasers market, and which region holds the top position?
The countries covered in the urology medical lasers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain
What Does The Urology Medical Lasers Market Report 2025 Offer?
The urology medical lasers market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Urology medical lasers are specialized devices used in the field of urology to perform various minimally invasive surgeries and treatments involving the urinary tract, bladder, kidneys, prostate, and other related organs. These lasers operate by emitting focused beams of light energy to precisely cut, vaporize, or fragment tissue, offering advantages such as reduced bleeding, faster recovery times, and minimal damage to surrounding tissues.
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