Surgical Laser Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

Published Date : Feb 2021 | No. of Pages : 250 Pages | Category : Healthcare

The global Surgical Laser market size is expected to be worth around US$ 21.4 billion by 2030, according to a new report by Vision Research Reports.

The global Surgical Laser market size was valued at US$ 5.9 billion in 2020 and is anticipated to grow at a CAGR of 21.1% during forecast period 2021 to 2030.

Growth Factors

The increasing prevalence of chronic conditions such as Benign Prostatic Hyperplasia (BPH) combined with the efforts of several market players to develop laser technologies in order to improve surgical outcomes including reduced turnaround time and minimal hospital stay are the factors driving the market. According to the American Urological Association (AUA), the prevalence of BPH increases with age, with 8.0% in men aged between 31 - 40, to 45.0% in those aged 51 to 60 years and 80.0% in men above 80 years. Also, in August 2018, OmniGuide Holdings acquired Lisa Laser Products, a Germany-based company, which develops lasers for urological applications.

Increasing provisions to address multiple applications through product development, in the field of aesthetics as well as surgery is likely to expand the application in multiple specialties. For instance, in September 2018, Syneron Candela acquired Ellipse, a developer of laser platforms for medical and aesthetic dermatologic applications, in order to strengthen its position in the market.

Report Highlights

The solid-state laser systems segment is expected to account for the largest revenue share of 37.7% in 2020 in the market for surgical lasers. Solid-state systems are further bifurcated into Erbium Yttrium Aluminum Garnet (Er: YAG), Neodymium Yttrium Aluminum Garnet (Nd: YAG), Holmium Yttrium Aluminum Garnet (Ho: YAG), Ruby laser systems, and others. The Nd:YAG laser systems for cosmetic purposes have been adopted around the world with market players introducing their products and surgical laser systems in various geographies. For instance, in June 2020, Cynosure introduced the Elite iQ, a system designed for aesthetic procedures such as skin revitalization and laser hair removal in the U.S., Australia, and Europe. 

Carbon dioxide surgical lasers contribute a significant share among the gas-laser systems owing to the inexpensive nature of these surgical laser systems coupled with the accuracy of procedures. Market players are focused on the launch of CO2 lasers due to various advantages offered by these systems. For instance, in March 2018, OmniGuide Holdings, Inc., introduced C-LAS Line of Sight CO2 laser system. The laser system offers minimally invasive surgical procedures, thereby providing patients with more treatment options using the precision of CO2 laser energy.

The hospital segment dominated the market for surgical lasers and accounted for a revenue share of 40.4% in 2020. The segment is anticipated to maintain its dominance over the forecast period. The growth of the hospital segment is attributed to the increasing number of aesthetic procedures in hospitals in key markets such as the U.S., Germany, and Japan. 

Ambulatory surgical centers accounted for the fastest growth due to the rising number of surgical procedures carried out in the ASCs. This helps in reducing the overall turnaround time and out of pocket expenditure for patients. ASCs also help in expanding the reach of advanced surgeries in remote areas.

The aesthetic segment captured 32.3% of the revenue share in 2020 and is anticipated to maintain its dominance over the forecast period. Based on the application, the market for surgical lasers is segmented into aesthetic, surgical, dentistry, and ophthalmic. Growth in the aesthetic sector is facilitated by an increasing number of the U.S. Food and Drug Administration (FDA) approvals that expand dermatology applications such as skin rejuvenation, varicose vein treatment, acne, tattoo, and pigmented lesions.

The growth of the surgical segment is attributed to the increasing prevalence of cardiac, urologic, and gynecology conditions combined with product innovations and approvals. In July 2020, The SuperPulsed Laser System developed by Soltive Laser System was launched in the U.S. to assist urologists in achieving better outcomes for stone lithotripsy and soft tissue applications. In June 2020, Candela Corporation received Health Canada approval for the CO2RE laser to treat Stress Urinary Incontinence (SUI) and the Genitourinary Syndrome of Menopause (GSM) in women. According to the article published in the National Center for Biotechnology Information, in April 2019, Urinary Incontinence (UI) majorly affects women and occurs in 20-30% of young women, 30-40% in middle-aged women, and above 50% of women in old age.

North America accounted for the largest revenue share of around 44.2% in 2020 and is expected to continue its dominance over the forecast period. Regionally, the market for surgical lasers is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. This dominance is attributed to developed healthcare infrastructure, high adoption of technologically advanced aesthetic laser devices, and increasing demand for aesthetic and cosmetic procedures in North America. Furthermore, the local presence of major players and continuous strategic initiatives by them is anticipated to further create a positive environment for the market. According to the American Society of Plastic Surgeons (ASPS), the total number of ablative laser-assisted skin resurfacing procedures performed in the U.S. in 2016 were reported to be 316,886. Moreover, the number had increased as compared to 2015, which accounted for 326,120 procedures.

Key Players

  • Cynosure, Inc.

  • Lumenis Ltd.

  • Candela Corporation

  • Cutera, Inc.

  • Lutronic Corporation

  • El.En Group

  • Fotonad.o.o

  • Alcon

  • Biolase

  • Asclepion Laser Technologies GmbH

Market Segmentation

  • Product Outlook 

    • Solid-state Laser Systems

      • Erbium Yttrium Aluminum Garnet (Er: YAG)

      • Neodymium Yttrium Aluminum Garnet (Nd: YAG)

      • Holmium Yttrium Aluminum Garnet (Ho: YAG)

      • Ruby Laser Systems

      • Others

    • Gas Laser Systems

      • CO2

      • Excimer

      • Helium Neon

    • Diode Laser Systems

    • Others

  • Application Outlook 

    • Surgical

    • Aesthetic

    • Dentistry

    • Ophthalmic

  • End-use Outlook 

    • Hospitals

    • Specialty Clinics

    • Ambulatory Surgical Centers

  • Regional Outlook 

    • North America

      • The U.S.

      • Canada

    • Europe 

      • The U.K

      • Germany

      • France

      • Italy

      • Spain

    • Asia Pacific 

      • Japan

      • China

      • India

      • South Korea

      • Australia

    • Latin America

      • Brazil

      • Mexico

      • Argentina

      • Colombia

    • Middle East & Africa

      • South Africa

      • Saudi Arabia

      • UAE

The Surgical Laser market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Surgical Laser market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Surgical Laser market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Surgical Laser market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Surgical Laser market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Surgical Laser capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Surgical Laser by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Surgical Laser market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Surgical Laser market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Surgical Laser market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Surgical Laser industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Surgical Laser market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Surgical Laser market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Surgical Laser market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Surgical Laser market. These factors have benefited the growth of the global market for Surgical Laser. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Surgical Laser. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Surgical Laser are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market

To strategically profile the key players and comprehensively analyze their growth strategies.

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