Report ID: SQMIG35A2497
Report ID:
SQMIG35A2497 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
65 |
Figures:
75
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.
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Report ID: SQMIG35A2497