The global urology laser market size reached US$ 1.4 Billion in 2023. Looking forward, the market is projected to reach US$ 2.3 Billion by 2032, exhibiting a growth rate (CAGR) of 5.67% during 2023-2032. The increasing prevalence of urological disorders, rising expenditure capacities of consumers, and extensive research and development (R&D) activities are some of the key factors driving the market.
Urology lasers are medical devices or components used in the diagnosis and treatment of urological conditions. Holmium, diode, and thulium are some of the commonly used laser systems. They are widely used to treat kidney stones, ureteral cancer, urinary tract obstruction, and bladder and upper urinary tract urothelial tumors. They emit a tiny beam of monochromatic light through various materials, such as semiconductors and crystals, that offer an accurate, precise, and painless surgical treatment. Urology lasers provide numerous benefits in the diagnosis and treatment of urological conditions as they are minimally invasive that help in the efficient treatment of many urological disorders with minimal risks and complications. As a result, urology lasers are extensively used across hospitals, urology clinics, and ambulatory surgical centres.
Apart from this, the increasing demand for urology lasers over traditional surgical methods as they are minimally invasive (MI) and lower risks of complications such as bleeding and infection, making them a preferred treatment option for elderly patients with multiple comorbidities, which in turn is propelling the market growth. Additionally, the introduction of green light laser therapy that utilizes a small thin, and flexible fibre that is inserted into the urethra and assists in normal urine flow from the bladder to be restored, and it also eases away your urinary symptoms is providing an impetus to the market growth.
Other factors, including rising expenditure capacities of consumers, significant growth in the healthcare industry, extensive research and development (R&D) activities, rapid advancements in urology laser technology, and increasing awareness about the safety characteristics and effectiveness of these urology laser systems, are anticipated to drive the market growth.
Urology lasers are medical devices or components used in the diagnosis and treatment of urological conditions. Holmium, diode, and thulium are some of the commonly used laser systems. They are widely used to treat kidney stones, ureteral cancer, urinary tract obstruction, and bladder and upper urinary tract urothelial tumors. They emit a tiny beam of monochromatic light through various materials, such as semiconductors and crystals, that offer an accurate, precise, and painless surgical treatment. Urology lasers provide numerous benefits in the diagnosis and treatment of urological conditions as they are minimally invasive that help in the efficient treatment of many urological disorders with minimal risks and complications. As a result, urology lasers are extensively used across hospitals, urology clinics, and ambulatory surgical centres.
Urology Laser Market Trends
The increasing prevalence of urological disorders across the globe is one of the key factors driving the market growth. Urology laser is widely used in various conditions, such as kidney stones, bladder cancer, ureteral cancer, and urinary tract obstruction. In line with this, the rising geriatric population prone to kidney problems, disorders, and conditions are favoring the market growth. Moreover, the widespread product adoption in the treatment of benign prostatic hyperplasia (BPH) condition that involves the enlargement of the prostate gland, which is highly prevalent in males, is acting as another growth-inducing factor.Apart from this, the increasing demand for urology lasers over traditional surgical methods as they are minimally invasive (MI) and lower risks of complications such as bleeding and infection, making them a preferred treatment option for elderly patients with multiple comorbidities, which in turn is propelling the market growth. Additionally, the introduction of green light laser therapy that utilizes a small thin, and flexible fibre that is inserted into the urethra and assists in normal urine flow from the bladder to be restored, and it also eases away your urinary symptoms is providing an impetus to the market growth.
Other factors, including rising expenditure capacities of consumers, significant growth in the healthcare industry, extensive research and development (R&D) activities, rapid advancements in urology laser technology, and increasing awareness about the safety characteristics and effectiveness of these urology laser systems, are anticipated to drive the market growth.
Key Market Segmentation
This report provides an analysis of the key trends in each segment of the global urology laser market, along with forecasts at the global, regional and country levels from 2024-2032. The report has categorized the market based on laser type, application, and end user.Laser Type Insights:
- Holmium Laser System
- Diode Laser System
- Thulium Laser System
- Others
Application Insights:
- Benign Prostatic Hyperplasia (BPH)
- Urolithiasis
- Non-Muscle-Invasive Bladder Cancer (NMIBC)
- Others
End User Insights:
- Hospitals
- Urology Clinics
- Ambulatory Surgical Centres
- Others
Regional Insights:
- North America
- United States
- Canada
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the global urology laser market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Allengers Medical Systems Limited, Asclepion Laser Technologies GmbH, Boston Scientific Corporation Incorporated, Convergent Laser Technologies, Cook Medical LLC (Cook Group Incorporated), Healthtronics Inc., Hyper Photonics s.r.l., Olympus Corporation, OmniGuide Holdings Inc., Quanta System S.p.A. (El. En SpA Group), Richard Wolf GmbH, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.Key Questions Answered in This Report
- How has the global urology laser market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global urology laser market?
- What is the impact of each driver, restraint, and opportunity on the global urology laser market?
- What are the key regional markets?
- Which countries represent the most attractive urology laser market?
- What is the breakup of the market based on the laser type?
- Which is the most attractive laser type in the urology laser market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the urology laser market?
- What is the breakup of the market based on the end user?
- Which is the most attractive end user in the urology laser market?
- What is the competitive structure of the global urology laser market?
- Who are the key players/companies in the global urology laser market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Urology Laser Market
6 Market Breakup by Laser Type
7 Market Breakup by Application
8 Market Breakup by End User
9 Market Breakup by Region
10 Drivers, Restraints, and Opportunities
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Allengers Medical Systems Limited
- Asclepion Laser Technologies GmbH
- Boston Scientific Corporation Incorporated
- Convergent Laser Technologies
- Cook Medical LLC (Cook Group Incorporated)
- Healthtronics Inc.
- Hyper Photonics s.r.l.
- Olympus Corporation
- OmniGuide Holdings Inc.
- Quanta System S.p.A. (El. En SpA Group)
- Richard Wolf GmbH
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 136 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 1.4 Billion |
| Forecasted Market Value ( USD | $ 2.3 Billion |
| Compound Annual Growth Rate | 5.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
