USD 1.05 Billion
Urology Laser Market Size, Share, Growth Analysis, By Laser(Holmium Laser System, Diode Laser System, Thulium Laser System, Others), By Application(Benign Prostatic Hyperplasia (BPH), Urolithiasis, Non-Muscle-Invasive Bladder Cancer (NMIBC), Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35A2497 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
65
|Figures:
75
Urology Laser Market Insights
Global Urology Laser Market size was valued at USD 1.05 Billion in 2022 and is poised to grow from USD 1.12 Billion in 2023 to USD 1.86 Billion by 2031, at a CAGR of 6.5% during the forecast period (2024-2031).
The growth of the urology laser market is mainly driven by several key factors. First, there is a notable increase in the number of patients with urinary-related disorders, which is driving the need for advanced treatment options. Second, more and more people prefer minimally invasive surgical techniques in the field of urology. This trend is particularly evident in the use of Holmium and Thulium laser processing systems. These systems have many advantages, including rapid efficacy, safety, and postoperative recovery. The demand for these laser systems is increasing because the minimally invasive approach provides good results with minimal treatment side effects such as shorter hospital stays, reduced blood loss. A small incision causes pain all over the body. Therefore, the efficacy and safety profile of these systems are likely to drive the growth of the overall urological laser market.
Also, the increasing prevalence of diabetes globally is having a huge impact on the market. According to a report by the International Diabetes Federation, cases of diabetes are on the rise, especially in low- and middle-income countries. The presence of diabetes often leads to urinary disorders, thereby increasing the need for laser treatment in urology. In addition, advances in technology have expanded the reach of laparoscopy in the urological market. Laser technologies are increasingly being used to treat conditions such as benign prostatic hyperplasia and as an intramuscular lithotripsy. These laser systems offer a variety of benefits, including reduced patient discomfort, improved accuracy and precision, and shorter recovery times, which are expected to drive market leadership. In addition, the market is booming due to increased investment in artificial intelligence (AI), automation and robotics. In particular, recent developments such as Boston Scientific's FDA-approved LithoVue Ureteroscope System designed for intrarenal pressure monitoring illustrate the industry's commitment to advancing technology and developing premium products to meet changing medical needs. This concerted focus on technological advancement among the major players in the market is further driving the market demand.
US Urology Laser Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Benign Prostatic Hyperplasia (BPH)
Fastest Growth
Benign Prostatic Hyperplasia (BPH)
Growth Rate
6.5% CAGR
Global Urology Laser Market ($ Bn)
Country Share for North America Region (%)
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Urology Laser Market Segmental Analysis
The global urology laser market Is Segmented On The Basis Of Laser Type, Application, Region. By Laser Type, The Market Is Segmented Into Holmium Laser System, Diode Laser System, Thulium Laser System, Others. By Application, The Market Is Segmented Into Benign Prostatic Hyperplasia (BPH), Urolithiasis, Non-Muscle-Invasive Bladder Cancer (NMIBC), Others. By Region, the market is segmented into North America, Europe, Latin America, Asia- Pacific, Middle East and Africa.
Urology Laser Market Analysis By Speed
In the year 2022, the holmium laser system segment emerged as the leader, commanding the largest share of revenue at 31.6%. The ascendancy of holmium systems can be attributed to their notable safety and efficacy in treating patients without resorting to invasive surgical procedures. Holmium lasers are predominantly employed in prostate surgeries, where the preference leans toward minimally invasive treatments for removing tissues that obstruct urine flow through the prostate. The demand for holmium systems is steadily rising due to their safety profile and effectiveness in patient treatment without the need for traditional incisions. Typically, these procedures take approximately 45 to 90 minutes, varying according to prostate size. This minimally invasive approach often allows patients to be discharged on the same day, further enhancing the appeal and driving the demand for urology lasers.
Conversely, the thulium laser segment is expected to exhibit the highest CAGR during the forecast period. This growth trajectory offers significant advantages over conventional transurethral resection of the prostate (TURP). Thulium laser technology is considered one of the most effective techniques for treating benign prostatic hyperplasia (BPH). It has several advantages, including a low risk of bleeding, fewer incisions, and a quick and safe procedure. The Thulium laser has effectively corrected a defect associated with the TURP technology known to cause significant blood loss. As a result, the demand for thulium laser systems is increasing due to their potential to provide better patient outcomes while minimizing procedural risks.
Urology Laser Market Analysis By Application
In 2022, the BPH segment emerged as the frontrunner, capturing the largest revenue share at 46.56%. This remarkable growth is likely due to several important factors, including the prevalence of risk factors such as sedentary lifestyles, obesity, and a diet high in red meat and fat. These lifestyle habits are known to increase the risk of developing BPH, which is a common problem among individuals. On the other hand, the urolithiasis segment is expected to grow significantly during the forecast period due to the increasing number of patients suffering from stone stones in the urinary tract and bladder. Urolithiasis, often characterized by the formation of urinary stones, is linked to various factors, including unhealthy lifestyles and inadequate sanitation facilities. High caffeine consumption is among the factors contributing to urolithiasis, as it leads to heightened excretion of substances conducive to stone formation, such as calcium, urate, xanthine, oxalate, cystine, and phosphate. Consequently, the rising incidence of kidney stones, urinary tract stones, and bladder stones is expected to propel the demand for urology lasers as an effective treatment solution.
Global Urology Laser Market By Application
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Urology Laser Market Regional Insights
North America has emerged as the dominant force in the urology laser market, commanding a significant revenue share of 32%. This robust market presence is attributed to the increasing prevalence of urolithiasis, benign prostatic hyperplasia (BPH), and various other urology-related disorders within the region. Notably, an interesting statistic from the National Center for Biotechnology Information (NCBI) highlights that 50% of patients in the United States are afflicted with urolithiasis, a condition often linked to excessive calcium and fluid consumption, a significant contributing factor to the formation of urinary stones. Moreover, the growth of this market segment is further accelerated by ongoing technological advancements in urology laser equipment. For example, companies like Lumenis have introduced cutting-edge MOSES technology, revolutionizing holmium laser lithotripsy and BPH treatments. These technological innovations are playing a pivotal role in stimulating demand for urology lasers in the region.
Conversely, the Asia Pacific region is poised to experience the highest compound annual growth rate (CAGR) over the forecast period. This growth trajectory is primarily driven by the escalating number of individuals grappling with urolithiasis, consequently leading to an upsurge in lithotripsy procedures across the region. The NCBI reports that 21% of the Asian population is afflicted with urolithiasis, with males being more susceptible due to genetic mutations, dietary habits, and various climatic factors. Factors such as reduced fluid intake and climatic conditions characterized by high temperatures and prolonged exposure to the sun further elevate the risk of urolithiasis and other urology-related conditions. As such, the increasing prevalence of these urology-related disorders is fueling market growth within the Asia Pacific region.
Global Urology Laser Market By Geography
- Largest
- Fastest
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Urology Laser Market Dynamics
Urology Laser Market Drivers
Growth in Urological Disorders
- The increasing incidences of urological disorders such as kidney stones, benign prostatic hyperplasia (BPH), urolithiasis, and non-muscle-invasive bladder cancer (NMIBC) is a primary driver of the urology laser market. As the occurrence of these disorders rises more , the demand for laser-based treatments will also rise.
Rise in Prevalence of Diabetes
- The global increase of the diabetes cases, particularly in low- and middle-income countries, is helping to the growth of urology laser procedures. Diabetes can lead to urological complications, driving the demand for laser-based treatments.
Growing Preferences for Minimally Invasive Procedures
- Minimally invasive surgical techniques, including laser-based treatments, are rising and getting popular due to their advantages, such as reduced patient discomfort, quicker recovery times, and lower risk of complications compared to traditional and old open surgeries. Patients and healthcare providers are increasingly opting for these less invasive procedures, driving the adoption of urology lasers.
Urology Laser Market Restraints
High Cost of Equipments
- Urology laser systems are expensive to acquire as well as to maintain. This high cost of entry may act as a barrier for the adoption of these systems, particularly in healthcare facilities with budget constraints.
Limited Access in Developing Regions
- The access to advanced urology laser treatments is limited in developing regions due to inappropriate healthcare infrastructure and resources. This limited access disrupts market growth in these areas.
Rigid Regulatory Approval
- Urology laser systems and procedures are subject to strict regulatory approval processes. Delays, challenges, hindrances in obtaining regulatory clearance impedes the introduction of new products and technologies to the market.
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Urology Laser Market Competitive Landscape
The global urology laser market presents a notably competitive landscape, characterized by the presence of well-established industry leaders vying for market supremacy, while innovative newcomers are determined to establish their unique positions. Prominent players in the field consistently allocate resources towards research and development efforts to augment their product portfolios and uphold their competitive advantage.
Distinguished companies like Lumenis Ltd., Boston Scientific Corporation, and Olympus Corporation have firmly entrenched themselves as industry stalwarts, offering a comprehensive array of urology laser systems and accompanying accessories. These industry giants place a strong emphasis on technological innovation, diversification of their product offerings, and strategic partnerships to maintain their dominant market positions. For instance, Lumenis has introduced the revolutionary MOSES technology, a groundbreaking advancement in the realm of holmium laser lithotripsy and treatments for benign prostatic hyperplasia (BPH).
Urology Laser Market Top Player’s Company Profiles
- Lumenis Ltd. (Israel)
- Boston Scientific Corporation (United States)
- Olympus Corporation (Japan)
- Quanta System S.p.A. (Italy)
- JenaSurgical GmbH (Germany)
- Cook Medical LLC (United States)
- Dornier MedTech GmbH (Germany)
- Biolitec AG (Germany)
- IPG Photonics Corporation (United States)
- Convergent Laser Technologies (United States)
- Sisurgical Inc. (United States)
- Richard Wolf GmbH (Germany)
- ForTec Medical Inc. (United States)
- S.R.L. Medica (Italy)
- El.En. S.p.A. (Italy)
- Aoteng Medical Ltd. (China)
- StarMedTec GmbH (Germany)
- Excel Hoya (United States)
- Clearwater Clinical Limited (Canada)
- Advanced Optowave Corporation (United States)
Urology Laser Market Recent Developments
- In March 2023, Lumenis launched a new laser system for urological procedures. This system is designed to treat various urological diseases such as benign prostatic hyperplasia (BPH), kidney stones and bladder cancer.
- In February 2023, Boston Scientific received FDA clearance for a new laser system to treat enlarged prostate. The system is designed to be less invasive than traditional surgery and reduce patient recovery time.
- In January 2023, Olympus launched a new laser system for treating bladder cancer. The system is designed to be more precise and effective than traditional surgery.
Urology Laser Key Market Trends
- Personalized Treatment Procedures: The urology laser industry is seeing growth in personalized treatment. Healthcare professionals are progressively adjusting treatment programs to meet the unique demands of each patient, taking into account their age, current state of health, and particular urological problem. This pattern is encouraging the creation of laser treatments that are more exact and patient-focused.
- Robotic and automated systems integration: The use of robotics and automation in urology laser operations is increasing precision and lowering the possibility of human mistake. Robotic surgery is becoming increasingly popular, particularly for difficult urological problems.
- Remote monitoring and telehealth: In order to provide post-operative care, track patient progress, and give consultations, telemedicine and remote monitoring systems are being employed more and more in urology. The demand for remote healthcare services and developments in healthcare technology, particularly during the COVID-19 epidemic, are driving this trend.
Urology Laser Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global urology laser market analysis, The global urology laser market is on the cusp of robust expansion, driven by a multitude of pivotal factors. The escalating incidence of urological ailments, encompassing conditions such as kidney stones, benign prostatic hyperplasia (BPH), and urinary tract disorders, plays a pivotal role in propelling market growth. An increasingly favored choice among both patients and healthcare practitioners is the adoption of minimally invasive laser-based treatments due to their remarkable efficacy, diminished patient discomfort, expedited recovery periods, and reduced risks when compared to conventional surgical methodologies. This growing preference for minimally invasive interventions is fuelling a surge in the worldwide demand for urology laser systems.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.05 Billion |
| Market size value in 2031 | USD 1.86 Billion |
| Growth Rate | 6.5% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Urology Laser Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Urology Laser Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Urology Laser Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Urology Laser Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Urology Laser Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Urology Laser Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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