Categories: Healthcare

Urology Medical Lasers Market Expected To Reach $1.3 billion in 2028

Overview and Scope
Urology medical lasers are used in the treatment of medical conditions related to the urinary system such as urinary stones, benign prostatic hyperplasia (BPH).

Sizing and Forecast
The urology medical lasers market size has grown steadily in recent years. It will grow from $1.01 billion in 2023 to $1.06 billion in 2024 at a compound annual growth rate (CAGR) of 4.9%. 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 $1.3 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. 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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Segmentation & Regional Insights
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

North America was the largest region in the urology medical lasers market in 2023. Asia-Pacific was the second largest region in the urology medical lasers report. The regions covered in the urology medical 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
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.

Key Industry Players
Major companies operating in the urology medical lasers market report are 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.

The urology medical lasers market report table of contents includes:

1. Executive Summary

2. Urology Medical Lasers Market Characteristics

3. Urology Medical Lasers Market Trends And Strategies

4. Urology Medical Lasers Market – Macro Economic Scenario

5. Global Urology Medical Lasers Market Size and Growth

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32. Global Urology Medical Lasers Market Competitive Benchmarking

33. Global Urology Medical Lasers Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Urology Medical Lasers Market

35. Urology Medical Lasers Market Future Outlook and Potential Analysis

36. Appendix