Surgical Lasers Market

Global Surgical Lasers Market Size (2024 to 2029)

The global surgical lasers market size was valued at 2.14 billion in 2023. The global market is further expected to reach USD 2.84 billion by 2029 from USD 2.24 billion in 2024, growing at a CAGR of 4.84% during the forecast period.

Surgical lasers use a light beam to treat blood vessels that are bleeding and remove diseased tissues. Lasers are used in various surgical procedures, including laparoscopic surgery, oncology, cardiology, dermatology, and ophthalmology. Many medical operations, including cosmetic surgery, refractive eye surgery, dental procedures, and general surgery, use these lasers. As a result, the rising demand for non-invasive surgical procedures is propelling the laser industry forward. To remove, vaporize, and cut tissue, a general surgeon employs a variety of laser wavelengths and laser distribution devices.

There are several different kinds of laser beams on the market, each with a different color and use, such as neodymium, yttrium-aluminum-garnet, argon, diode, and carbon dioxide. Laser surgery can be performed on any part of the body, although it is most often used in eye surgery and cosmetic skin procedures. Breast surgery, gallbladder removal, hernia repair, strong organ surgery, and pilonidal cyst care are common surgical procedures. The Carbon Dioxide laser converts light energy into heat, which is then used to minimize bleeding. In contrast, the Neodymium yttrium-aluminum-garnet laser allows surgeons to see and touch body parts that would normally only be accessible by open surgery.

MARKET DRIVERS

The growing demand for minimally invasive surgeries is one of the major factors propelling the surgical lasers market growth.

The rising prevalence of chronic diseases among older people worldwide and increasing funds to develop technologically superior devices to increase the efficiency of treatments are majorly driving the global surgical lasers market growth. Factors such as increased stress levels and increased consumption rate of unhealthy and junk food are also boosting the growth of the surgical lasers market. The surgical lasers market is expected to expand further during the forecast period owing to factors such as developments in healthcare institutions, surging medical tourism trends in developing nations, increasing health awareness and the demand for minimally invasive surgeries, favorable reimbursement policies designed for several laser procedures, these factors are likely to generate lucrative opportunities of growth for stakeholders and boost the business growth during the forecast period.

Increased medical laser applications in aerospace and military equipment, healthcare, manufacturing operations, and others are a big plus to the market to grow further.

Also, Direct-energy lasers are widely adopted to optimize various existing industrial processes. The developments to increase efficiency and productivity, leading to increased adoptions of these lasers in government and public organizations, offer lucrative opportunities for growth of the surgical lasers market during the forecast period.

MARKET RESTRAINTS

Delays in the approval procedure of surgical lasers due to strict policies and regulations in various countries are a major challenge to the stakeholders in the surgical laser market. People are highly concerned about the side effects of surgical laser procedures, limiting the adoption of surgical lasers. Laser treatments and surgeries are expensive, and people in developing countries are reluctant to choose laser surgeries due to inconvenient reimbursement policies.

Impact Of COVID-19 On the Global Surgical Lasers Market

The covid-19 pandemic has had a major effect on the industry. Lockdowns enforced worldwide due to the recent COVID-19 pandemic have lowered demand for surgical laser systems moderately. Lasers are used for various uses, including shrinking or destroying tumors and wounds, removing moles, warts, and tattoos, and reducing the presence of wrinkles on the skin. Patients undergoing laser treatments have decreased dramatically in recent months, both in hospitals and other specialist centers.

For the treatment of COVID-19 patients, various countries have upgraded healthcare services such as hospital beds, nurses, necessary staff, and medical devices. Dedicated laser therapy centers, such as specialist laboratories and hospitals, have been shut down. In several nations, this has had a major effect on patients visiting surgical, medical, and aesthetic surgeries. Because of the virus's high contagiousness and its ability to propagate through the air and droplets via respiratory transmission, dental professionals were at a high risk of contracting and spreading the disease. Many dental therapies, however, use lasers. Because of the unique tissue–matter interference effects of laser wavelengths, certain special measures must be applied to standard protocols to ensure that patients benefit from this technology. As a result, the global surgical lasers market is expected to have growth in the coming years.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Surgical Lasers Market Analysis By Product

The CO2 lasers segment dominates the global surgical lasers market and is likely to witness growth at the highest CAGR during the forecast period. The factors responsible for the growth of the CO2 lasers market segment are rapid developments in cosmetic laser treatment and the availability of innovative CO2-based surgical lasers.

Global Surgical Lasers Market Analysis By Procedure Type

The laparoscopic surgery segment leads the surgical lasers market and is expected to display growth during the forecast period. Laparoscopic procedures are highly adopted due to the benefits of those procedures and the increasing demand for less invasive procedures.

Global Surgical Lasers Market Analysis By Application

The urology segment contributes a major share of the global surgical lasers market and is growing rapidly at the highest CAGR. The factors that are fuelling the growth of this segment are technological developments, increasing cases of urological diseases, and rising demand for less invasive urological surgeries among patients.

REGIONAL ANALYSIS

Geographically, North America is anticipated to hold the largest share of the surgical laser market in 2023. This region is projected to dominate the market due to growing medical laser applications in aerospace and military equipment and growing healthcare expenditure. The existence of a huge number of cosmetic laser producers and the high demand for surgical techniques in healthcare spurs the growth in surgical lasers globally. The U.S is leading the market, followed by Canada. United States market owes to increasing demand for cosmetic surgeries to make better changes in reshaping the body and spur growth.

Europe is expected to lead the market after North America. Low-invasive surgeries, the common rise of ophthalmic disorders and growing lifestyle-associated disorders, and the increasing occurrence rate of common targeted diseases are accelerating the growth of surgical lasers over the forecast period.

APAC is expected to have quick and speedy growth in the surgical lasers market of this region globally over the analysis period. This region's growth is due to a huge population base, a growing aging population, and growing awareness among healthcare professionals related to the benefits of the market fuels growth. Countries like India, China, and South Korea have important opportunities for the key players internationally.

Latin America is expected to have a constant, fixed, and steady growth of the region during the forecasting framework. This is due to the presence of many key players and manufacturers and an increasing number of surgical lasers in the market. Brazil is likely to lead the market over the review period.

KEY PLAYERS IN THE GLOBAL SURGICAL LASERS MARKET

Some of the companies that are playing a notable role in the global surgical lasers market profiled in this report are Abbott Laboratories, BISON MEDICAL Co., Ltd. (South Korea), Fotona d.o.o. (Slovenia), Lumenis(Israel), Cynosure, Alma Lasers (Israel), IPG Photonics Corporation (U.S.), Boston Scientific Corporation (U.S.), Spectranetics Corporation (U.S.), Biolitec AG (Austria).

RECENT HAPPENINGS IN THIS MARKET

• Lumenis Company launched the ResurFx laser system in 2019 for the fractional non-ablative skin resurfacing treatment. 
• 270Surgical Ltd. has developed a device called surround scope system, which is used for laparoscopic surgeries; the camera offers field-of-view up to 270 degrees. The device has been approved by the U.S food and drug administration with a 510(k) license in November 2019.
• Biolitec Medica Company has developed laser treatment procedures for bladder tumors and endometriosis called TULA and ELLA and made them available for patients in the last quarter of 2019. The company launched the LEONARDO diode laser system in November 2019; the device is implemented to treat patients in the fields of proctology, urology, and gynecology.

DETAILED SEGMENTATION OF THE GLOBAL SURGICAL LASERS MARKET INCLUDED IN THIS REPORT

This research report on the global surgical lasers market has been segmented and sub-segmented based on product, procedure type, application and region.

By Product

• Carbon dioxide (CO2) lasers
• Nd YAG lasers
• argon lasers

By Procedure Type

• Laparoscopic surgery
• Open surgery
• Percutaneous surgery

By Application

• Dentistry
• Ophthalmology
• Dermatology
• Gynecology
• Cardiology
• Oncology
• Urology

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East and Africa