Urology Laser Market Size, Share, Emerging Trends, Key Growth Drivers, Challenges and Industry Revenue Outlook
Global Urology Laser Market survey report brings into the focus the key market dynamics of the sector. This market study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities, challenges, risks, entry barriers, sales channels, distributors and Porter’s Five Forces Analysis. The report makes available fluctuations in CAGR values during the forecast period for the market. This transformation in market landscape is mainly observed due to the moves of key players or brands which include developments, product launches, joint ventures, mergers, and acquisitions that in turn change the view of the global face of the industry.
The global urology laser market is expected to develop due to the rising number of patients related to urology disorders globally and an increased inclination towards non-invasive surgeries. The increase in product approval and research and development actives for urology laser devices also influence the market. However, the global urology laser market is expected to be hampered by the high cost of urology laser devices and procedures, safety concerns and adverse effects associated with laser procedures, and a lack of awareness about the treatment from laser devices.
Data Bridge Market Research analyzes that the global urology laser market will grow at a CAGR of 5.7% from 2023 to 2030.
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Laser technology is based on the ability of a device to emit a narrow beam of highly focused light. The laser medium defines the wavelength in each LASER (Light Amplification by Stimulated Emission of Radiation) system. Parallel radiation from the device makes it easy to focus on a target due to its small focus and high intensity. Urology lasers are the medical devices or components used to excision tumors in the urethra, bladder, ureter, and kidneys. Urology lasers emit a tiny beam of light, offering an accurate, precise, and painless surgical treatment.
Currently, the most commonly used lasers in urology are Ktp:Yag (Potassium titanyl phosphate), Lbo:Yag (lithium borate), diode lasers, Holmium (Ho):Yag, and Thulium (Tm):Yag lasers.
Opportunity
- Technological Advancements in Laser Technology
Technological advancement is considered the major driver for the urology laser market. Urology laser is convenient and effective for treating prostatic hyperplasia, bladder tumors, and urolithiasis.
Thus, the urology laser holds major importance in the treatment market. Furthermore, it is also used to inspect and treat cysts, tumors, or abnormal tissues in the urinary system. The key market players have made new advancements in the laser market to meet the desired disease treatment needs.
During early history, the understanding of urology and diseases swiftly expanded. While primitive urologists propagated the idea of using urine as a therapeutic substance, modern urologists found the idea of removing a kidney remotely by applying technological developments such as next-generation MOSES 2.0 Holmium laser technology.
The surge in technological applications for urology laser devices would result in less workforce, swift treatment, and recovery of urological diseases. In the future, the laser technique will replace manual urology devices. Laser devices reduce the use of surgical instruments. Thus it is expected to act as an opportunity for market growth in the forecast period.
Recent Development
- In May 2022, OmniGuide Holdings announced that the U.S. Food and Drug Administration cleared its upcoming product RevoLix HTL a family of pulsed and continuous wave Thulium YAG lasers, therefore a foundation of RevoLix Therapy for urology patients undergoing BPH and Stone Management procedures With the FDA’s clearance of a standalone reader, the company will have expected to generate more revenue.
Fundamental Aim of this Market Report
- Factors influencing This Market Size and growth rate.
- Major alterations to this market in the near future.
- Notable Market rivals around the world.
- Future Scope and Product Outlook
- Future-promising emerging markets.
- The Market Presents Difficult Challenges and Threats.
Some of the major players in the global urology laser market are Coherent, Inc., Advin Urology, MONOCROM, Unique Medical Devices, BISON MEDICAL, Rocamed, Dornier MedTech, Limmer Laser GmbH, Trimedyne, Inc, Gigaalaser, Hyperphotonics, INTERmedic Arfran, Olympus Corporation, Boston Scientific Corporation, Cook, OmniGuide Holdings, Inc., and Allengers among others.
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Urology Laser Market Scope
Laser Type
- Holmium Yttrium Aluminum Garnet (Ho:Yag)
- Thulium Yttrium Aluminum Garnet (Thu:Yag)
- Neodymium-Doped Yttrium Aluminum Garnet (Nd:Yag)
- Potassium Titanyl Phosphate Yttrium Aluminum Garnet (Ktp:Yag)
- Diode Laser
- Erbium: Yttrium Aluminum Garnet Laser
- Lithium Borate
- Others
On the basis of laser type, the urology laser market is segmented into holmium yttrium aluminum garnet (Ho:Yag), thulium yttrium aluminum garnet (Thu:Yag), neodymium-doped yttrium aluminum garnet (Nd:Yag), potassium titanyl phosphate yttrium aluminum garnet (Ktp:Yag), diode laser, erbium: yttrium aluminum garnet laser, lithium borate, and others.
Modality
- Portable
- Standalone
On the basis modality, the urology laser market is segmented into standalone and portable.
Application
- Urolithiasis
- Benign Prostatic Hyperplasia (BPH)
- Partial Kidney Resection
- Removal of Kidney Stones
- Urethral Strictures
- Tumors
- Others
On the basis of application, the urology laser market is segmented into urolithiasis, benign prostatic hyperplasia (BPH), partial kidney resection, removal of kidney stones, urethral strictures, tumors, and others.
End User
- Hospitals
- Urological Clinics
- Ambulatory Surgical Centers
- Others
On the basis of end user, the urology laser market is segmented into hospitals, urological clinics, ambulatory surgical centers, and others.
Distribution Channel
- Direct Tender
- Retail Sales
- Online Sales
- Others
On the basis of distribution channel, the urology laser market is segmented into direct tender retail sales, online sales, and others.
Key highlights of this Market report:
- Growth rate
- Remuneration prediction
- Consumption graph
- Market concentration ratio
- Secondary industry competitors
- Competitive structure
- Major restraints
- Market drivers
- Regional bifurcation
- Competitive hierarchy
- Current market tendencies
- Market concentration analysis
What benefits does the DBMR study is going to provide?
- Latest industry influencing trends and development scenario
- Open up New Markets
- To Seize powerful market opportunities
- Key decision in planning and to further expand market share
- Identify Key Business Segments, Market proposition & Gap Analysis
- Assisting in allocating marketing investments
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Market Regulations
- Market Overview
Continued…
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Key Benefits of the Report:
- This study presents the analytical depiction of this industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of this market share.
- The current market is quantitatively analyzed to highlight the market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed this industry analysis based on competitive intensity and how the competition will take shape in the coming years.
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