Urology Laser Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2028

Published Date : Dec 2020 | No. of Pages : 250 Pages | Category : Healthcare

The global Urology Laser market size is expected to be worth around US$ 1.7 billion by 2028, according to a new report by Vision Research Reports.

The global Urology Laser market size was valued at US$ 890.7 million in 2020 and is anticipated to grow at a CAGR of 5.10% during forecast period 2021 to 2028.

Growth Factors

The increasing demand for minimally invasive surgeries, rise in the number of patients suffering from urinary calculi, and technological advancements in urology lasers is anticipated to boost the market growth.

The demand for lasers in urology is rising due to the increasing preference for minimally invasive surgeries as these procedures reduce morbidity, dysfunction, and have the ability to ablate prostate tissue with minimal hemorrhage or bleeding. They also offer advantages such as quicker recovery from surgery, lower risk of bleeding, and enable a shorter bladder catheterization time, sometimes even eliminating the need for bladder catheterization completely. These procedures are also characterized by more stable outcomes and lower number of reoperations. Lasers are used for the treatment of various urological disorders such as Benign Prostatic Hyperplasia (BPH) and urolithiasis. According to the American Urological Association, around 8.8% of the U.S. population are affected by urinary stones. Thus, increasing prevalence of urological disorders such as urolithiasis, nephrolithiasis, and BPH are also contributing toward market growth.

Report Highlights

On the basis of laser type, holmium dominated the urology laser market owing to its special modalities as well its minimally invasive surgical technique. Holmium laser is mainly used in prostate surgeries, for which a minimally invasive treatment is preferred for the removal of tissues that blocks urine flow through the prostate. The demand for holmium systems is increasing due to its safety and its effectiveness in the treatment of patients without an incision procedure. The procedure takes about 45-90 minutes depending upon the size of the prostate. Since it is a less invasive procedure, the patients get can get discharged on the same day. These factors are expected to drive the demand for urology lasers.

The thulium laser segment is expected to register the highest CAGR over the forecast period owing to its advantages over Transurethral Resection Prostate (TURP), a traditional method. Thulium laser is considered as the most effective technique for treating BPH as it offers several advantages such as lower rate of bleeding and quick as well as safe procedure requiring fewer incisions. Thulium laser has, therefore, overcome the demerits of TURP technique, which causes significant blood loss, thereby driving the product demand.

Urolithiasis is expected to be one of the fastest-growing segments over the forecast period owing to increasing number of patients suffering from stony concretions in urinary tract and bladder. Stony concretions are caused due to factors such as adoption of unhealthy lifestyles and improper sanitation facilities. One of the causes of urolithiasis is high consumption of caffeine intake, which increases urine calcium excretion and causes blood in urine and pain in the abdomen. The development of stones is related to increased excretion of stone forming components such as calcium, urate, xanthine, oxalate, cystine, and phosphate. Thus, rising number of patients suffering from kidney stones and urinary tract stones and bladder stones are expected to drive the demand for urology lasers for effective treatment.

Benign Prostatic Hyperplasia (BPH) dominated the market based on application owing to its increasing prevalence. It is most prevalent among African males because of the androgen receptor expression, high testosterone levels, and 5-alpha-reductase activity. BPH mainly occurs in two main growth cycles during a man’s life: early puberty and at around 25 years of age. Thus, the increasing prevalence of BPH in men is expected to significantly contribute to the growth of the market.

North America dominated the overall market in 2020 and is expected to witness substantial growth in the future due to increasing prevalence of BPH, urolithiasis, and other urology-related disorders. According to the NCBI, currently, 50% of the patients in the U.S. are suffering from urolithiasis due to calcium and fluid intake, which plays a major role in the formation of urinary stones. Technological advancements in urology laser equipment play a vital role in driving the demand for urology lasers. For instance, Lumenis, a urology device, offers MOSES technology, which provides technologically advanced holmium laser lithotripsy and Benign Prostatic Hyperplasia (BPH) treatments. Thus, rising technical advancements in the treatment of clinical applications are driving the market growth in the region.

Key Players

  • Olympus Corporation

  • Boston Scientific Corporation

  • Lumenis

  • Cook medical

  • OmniGuide Holdings, Inc.

  • Allengers Medical Systems Limited

  • CR BARD (BD)

  • Surgical Lasers Inc. 

Market Segmentation

  • Laser Type Outlook 

    • Holmium Laser System

    • Diode Laser System

    • Thulium Laser System

    • Others

  • Application Outlook 

    • Benign Prostatic Hyperplasia (BPH)

    • Urolithiasis

    • Non-Muscle-Invasive Bladder Cancer (NMIBC)

    • Others

  • Regional Outlook

    • North America

      • The U.S.

      • Canada

    • Europe

      • Germany

      • The U.K.

      • France

      • Italy

      • Spain

    • Asia Pacific

      • Japan

      • China

      • India

      • Australia

      • South Korea

    • Latin America

      • Brazil

      • Mexico

      • Argentina

      • Colombia

    • Middle East and Africa (MEA)

      • South Africa

      • Saudi Arabia

      • UAE

The Urology 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 Urology Laser market for the base year 2020 and the forecast between 2021 and 2028. 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 Urology Laser market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Urology 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 Urology 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 Urology 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 Urology 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 Urology Laser market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. 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 Urology Laser market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Urology 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 Urology 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 Urology 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 Urology 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 Urology 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 Urology Laser market. These factors have benefited the growth of the global market for Urology 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 Urology 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 Urology Laser are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2028

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 (2021-2028);
  • 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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