The global urology lasers market is poised to surpass USD 1.1 billion by 2023, surging at a remarkable CAGR of 9.0% through 2033 to reach USD 2.6 billion.
The global urology lasers market is projected to witness substantial growth, fueled by the increasing prevalence of urology disorders worldwide and a growing preference for non-invasive surgical procedures.
Factors such as the surge in product approvals and ongoing research and development activities pertaining to urology laser devices are also influencing the market's progression.
Certain challenges are also anticipated to impede the global market's growth, including the high costs associated with urology laser devices and procedures, concerns regarding safety, and potential adverse effects linked to laser treatments.
Attributes | Details |
---|---|
Urology Lasers Market Size (2023) | USD 1.1 billion |
Urology Lasers Market Projected Size (2033) | USD 2.6 billion |
Urology Lasers Market Value-based CAGR (2023 to 2033) | 9.0% |
The revenue generated by the urology lasers market witnessed a significant increase from 2018 to 2022, driven by the growing demand for advanced urological treatments and the adoption of minimally invasive procedures.
As per the FMI study, the urology lasers industry garnered revenue of USD 1 billion in 2022 and grew at a 12.2% rate from 2018 to 2022.
The demand outlook for urology lasers is expected to experience a substantial surge. This can be attributed to various factors, including the rising global prevalence of urological disorders, an increasing aging population, technological advancements in laser-based therapies, and a shift towards non-invasive treatment options.
These factors collectively indicate a promising future for the urology lasers industry, with strong growth potential of 9.0% from 2023 to 2033, reaching USD 2.6 billion by 2033.
China, with its vast population and increasing prevalence of urological disorders, is projected to offer a multitude of opportunities for the urology lasers market.
The country's growing healthcare infrastructure, rising disposable income, and expanding middle class contribute to increased demand for advanced urological treatments. Additionally, the Chinese government's initiatives to enhance healthcare access and improve medical technology further support market growth.
The rising awareness among healthcare professionals and patients regarding the benefits of urology lasers, coupled with favorable reimbursement policies, creates a conducive environment for market expansion.
China presents a promising landscape for urology laser manufacturers and providers to tap into a vast patient base and establish a strong presence in this rapidly growing market, moving ahead with 8.9% from 2023 to 2033, touching USD 554.5 million by 2033.
According to the NCBI, fluid, and calcium consumption have a substantial role in the development of urinary stones, causing urolithiasis in 50% of United States patients.
As per FMI, the United States of America offers a promising growth outlook for the urology lasers industry, with a market share of USD 468.2 million by 2033.
The emphasis on minimally invasive procedures and the adoption of innovative medical technologies drive the adoption of urology lasers. Furthermore, ongoing research and development activities, collaborations between industry players and academic institutions, and a strong regulatory framework foster innovation and support the introduction of new urology laser devices.
The United States hence presents a favorable market landscape for urology laser manufacturers, with ample opportunities for growth and advancement in this dynamic industry.
The holmium systems market is expanding as a result of their effectiveness and safety in treating patients without a surgical procedure, in turn, securing a CAGR of 8.9% during the forecast period.
A minimally invasive procedure is favored for the removal of tissues that obstruct urine flow via the prostate, and this is the principal application for which the holmium laser is utilized.
Due to its safety and efficiency in treating patients without an incision process, holmium systems are becoming increasingly popular.
Depending on the size of the prostate, the treatment can take anywhere from 45 to 90 minutes. Patients can be released from the hospital on the same day because this surgery is less intrusive. It is anticipated that these elements may increase demand for urology lasers.
By 2033, the Benign Prostatic Hyperplasia category is anticipated to advance at 8.8% from 2023 to 2033. The development can be due to elements like inactivity, excess weight, and a diet rich in red meat and fat, which may raise the risk of BPH.
Benign Prostatic Hyperplasia (BPH) is predicted to lead the market by application due to several key factors. Firstly, BPH is a common condition among aging males, with a high prevalence globally.
As the population continues to age, the incidence of BPH is expected to rise, creating a growing patient pool.
Secondly, urology lasers offer an effective and minimally invasive treatment option for BPH, providing precise tissue ablation and improved patient outcomes.
The advantages of urology lasers, such as reduced bleeding, shorter hospital stays, and faster recovery times, make them an attractive choice for BPH treatment.
A few prominent firms dominate the market for urology lasers, which is only moderately competitive. Currently, a select few big businesses control the majority of the market in terms of market share.
To maintain their position in the worldwide market, the top companies are engaged in a variety of strategic alliances, including acquisitions and the introduction of new products.
Along with developing cutting-edge laparoscopic urological gadgets, the participants concentrate on analyzing technical developments and putting growth tactics like mergers and acquisitions into practice.
Recent Developments in the Market:
Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Global Market Volume (Units) Forecast by Region, 2018 to 2033
Table 3: Global Market Value (US$ Million) Forecast by Laser Type, 2018 to 2033
Table 4: Global Market Volume (Units) Forecast by Laser Type, 2018 to 2033
Table 5: Global Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 6: Global Market Volume (Units) Forecast by Application, 2018 to 2033
Table 7: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 8: North America Market Volume (Units) Forecast by Country, 2018 to 2033
Table 9: North America Market Value (US$ Million) Forecast by Laser Type, 2018 to 2033
Table 10: North America Market Volume (Units) Forecast by Laser Type, 2018 to 2033
Table 11: North America Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 12: North America Market Volume (Units) Forecast by Application, 2018 to 2033
Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 14: Latin America Market Volume (Units) Forecast by Country, 2018 to 2033
Table 15: Latin America Market Value (US$ Million) Forecast by Laser Type, 2018 to 2033
Table 16: Latin America Market Volume (Units) Forecast by Laser Type, 2018 to 2033
Table 17: Latin America Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 18: Latin America Market Volume (Units) Forecast by Application, 2018 to 2033
Table 19: Western Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 20: Western Europe Market Volume (Units) Forecast by Country, 2018 to 2033
Table 21: Western Europe Market Value (US$ Million) Forecast by Laser Type, 2018 to 2033
Table 22: Western Europe Market Volume (Units) Forecast by Laser Type, 2018 to 2033
Table 23: Western Europe Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 24: Western Europe Market Volume (Units) Forecast by Application, 2018 to 2033
Table 25: Eastern Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 26: Eastern Europe Market Volume (Units) Forecast by Country, 2018 to 2033
Table 27: Eastern Europe Market Value (US$ Million) Forecast by Laser Type, 2018 to 2033
Table 28: Eastern Europe Market Volume (Units) Forecast by Laser Type, 2018 to 2033
Table 29: Eastern Europe Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 30: Eastern Europe Market Volume (Units) Forecast by Application, 2018 to 2033
Table 31: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 32: South Asia and Pacific Market Volume (Units) Forecast by Country, 2018 to 2033
Table 33: South Asia and Pacific Market Value (US$ Million) Forecast by Laser Type, 2018 to 2033
Table 34: South Asia and Pacific Market Volume (Units) Forecast by Laser Type, 2018 to 2033
Table 35: South Asia and Pacific Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 36: South Asia and Pacific Market Volume (Units) Forecast by Application, 2018 to 2033
Table 37: East Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 38: East Asia Market Volume (Units) Forecast by Country, 2018 to 2033
Table 39: East Asia Market Value (US$ Million) Forecast by Laser Type, 2018 to 2033
Table 40: East Asia Market Volume (Units) Forecast by Laser Type, 2018 to 2033
Table 41: East Asia Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 42: East Asia Market Volume (Units) Forecast by Application, 2018 to 2033
Table 43: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 44: Middle East and Africa Market Volume (Units) Forecast by Country, 2018 to 2033
Table 45: Middle East and Africa Market Value (US$ Million) Forecast by Laser Type, 2018 to 2033
Table 46: Middle East and Africa Market Volume (Units) Forecast by Laser Type, 2018 to 2033
Table 47: Middle East and Africa Market Value (US$ Million) Forecast by Application, 2018 to 2033
Table 48: Middle East and Africa Market Volume (Units) Forecast by Application, 2018 to 2033
Figure 1: Global Market Value (US$ Million) by Laser Type, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by Application, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 5: Global Market Volume (Units) Analysis by Region, 2018 to 2033
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 8: Global Market Value (US$ Million) Analysis by Laser Type, 2018 to 2033
Figure 9: Global Market Volume (Units) Analysis by Laser Type, 2018 to 2033
Figure 10: Global Market Value Share (%) and BPS Analysis by Laser Type, 2023 to 2033
Figure 11: Global Market Y-o-Y Growth (%) Projections by Laser Type, 2023 to 2033
Figure 12: Global Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 13: Global Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 14: Global Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 15: Global Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 16: Global Market Attractiveness by Laser Type, 2023 to 2033
Figure 17: Global Market Attractiveness by Application, 2023 to 2033
Figure 18: Global Market Attractiveness by Region, 2023 to 2033
Figure 19: North America Market Value (US$ Million) by Laser Type, 2023 to 2033
Figure 20: North America Market Value (US$ Million) by Application, 2023 to 2033
Figure 21: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 22: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 23: North America Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 26: North America Market Value (US$ Million) Analysis by Laser Type, 2018 to 2033
Figure 27: North America Market Volume (Units) Analysis by Laser Type, 2018 to 2033
Figure 28: North America Market Value Share (%) and BPS Analysis by Laser Type, 2023 to 2033
Figure 29: North America Market Y-o-Y Growth (%) Projections by Laser Type, 2023 to 2033
Figure 30: North America Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 31: North America Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 32: North America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 33: North America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 34: North America Market Attractiveness by Laser Type, 2023 to 2033
Figure 35: North America Market Attractiveness by Application, 2023 to 2033
Figure 36: North America Market Attractiveness by Country, 2023 to 2033
Figure 37: Latin America Market Value (US$ Million) by Laser Type, 2023 to 2033
Figure 38: Latin America Market Value (US$ Million) by Application, 2023 to 2033
Figure 39: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 41: Latin America Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 44: Latin America Market Value (US$ Million) Analysis by Laser Type, 2018 to 2033
Figure 45: Latin America Market Volume (Units) Analysis by Laser Type, 2018 to 2033
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Laser Type, 2023 to 2033
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Laser Type, 2023 to 2033
Figure 48: Latin America Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 49: Latin America Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 50: Latin America Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 52: Latin America Market Attractiveness by Laser Type, 2023 to 2033
Figure 53: Latin America Market Attractiveness by Application, 2023 to 2033
Figure 54: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 55: Western Europe Market Value (US$ Million) by Laser Type, 2023 to 2033
Figure 56: Western Europe Market Value (US$ Million) by Application, 2023 to 2033
Figure 57: Western Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 58: Western Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 59: Western Europe Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 60: Western Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 61: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 62: Western Europe Market Value (US$ Million) Analysis by Laser Type, 2018 to 2033
Figure 63: Western Europe Market Volume (Units) Analysis by Laser Type, 2018 to 2033
Figure 64: Western Europe Market Value Share (%) and BPS Analysis by Laser Type, 2023 to 2033
Figure 65: Western Europe Market Y-o-Y Growth (%) Projections by Laser Type, 2023 to 2033
Figure 66: Western Europe Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 67: Western Europe Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 68: Western Europe Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 69: Western Europe Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 70: Western Europe Market Attractiveness by Laser Type, 2023 to 2033
Figure 71: Western Europe Market Attractiveness by Application, 2023 to 2033
Figure 72: Western Europe Market Attractiveness by Country, 2023 to 2033
Figure 73: Eastern Europe Market Value (US$ Million) by Laser Type, 2023 to 2033
Figure 74: Eastern Europe Market Value (US$ Million) by Application, 2023 to 2033
Figure 75: Eastern Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 76: Eastern Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 77: Eastern Europe Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 78: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 79: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 80: Eastern Europe Market Value (US$ Million) Analysis by Laser Type, 2018 to 2033
Figure 81: Eastern Europe Market Volume (Units) Analysis by Laser Type, 2018 to 2033
Figure 82: Eastern Europe Market Value Share (%) and BPS Analysis by Laser Type, 2023 to 2033
Figure 83: Eastern Europe Market Y-o-Y Growth (%) Projections by Laser Type, 2023 to 2033
Figure 84: Eastern Europe Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 85: Eastern Europe Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 88: Eastern Europe Market Attractiveness by Laser Type, 2023 to 2033
Figure 89: Eastern Europe Market Attractiveness by Application, 2023 to 2033
Figure 90: Eastern Europe Market Attractiveness by Country, 2023 to 2033
Figure 91: South Asia and Pacific Market Value (US$ Million) by Laser Type, 2023 to 2033
Figure 92: South Asia and Pacific Market Value (US$ Million) by Application, 2023 to 2033
Figure 93: South Asia and Pacific Market Value (US$ Million) by Country, 2023 to 2033
Figure 94: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 95: South Asia and Pacific Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 96: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 97: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 98: South Asia and Pacific Market Value (US$ Million) Analysis by Laser Type, 2018 to 2033
Figure 99: South Asia and Pacific Market Volume (Units) Analysis by Laser Type, 2018 to 2033
Figure 100: South Asia and Pacific Market Value Share (%) and BPS Analysis by Laser Type, 2023 to 2033
Figure 101: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Laser Type, 2023 to 2033
Figure 102: South Asia and Pacific Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 103: South Asia and Pacific Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 104: South Asia and Pacific Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 105: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 106: South Asia and Pacific Market Attractiveness by Laser Type, 2023 to 2033
Figure 107: South Asia and Pacific Market Attractiveness by Application, 2023 to 2033
Figure 108: South Asia and Pacific Market Attractiveness by Country, 2023 to 2033
Figure 109: East Asia Market Value (US$ Million) by Laser Type, 2023 to 2033
Figure 110: East Asia Market Value (US$ Million) by Application, 2023 to 2033
Figure 111: East Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 112: East Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 113: East Asia Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 114: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 115: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 116: East Asia Market Value (US$ Million) Analysis by Laser Type, 2018 to 2033
Figure 117: East Asia Market Volume (Units) Analysis by Laser Type, 2018 to 2033
Figure 118: East Asia Market Value Share (%) and BPS Analysis by Laser Type, 2023 to 2033
Figure 119: East Asia Market Y-o-Y Growth (%) Projections by Laser Type, 2023 to 2033
Figure 120: East Asia Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 121: East Asia Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 122: East Asia Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 123: East Asia Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 124: East Asia Market Attractiveness by Laser Type, 2023 to 2033
Figure 125: East Asia Market Attractiveness by Application, 2023 to 2033
Figure 126: East Asia Market Attractiveness by Country, 2023 to 2033
Figure 127: Middle East and Africa Market Value (US$ Million) by Laser Type, 2023 to 2033
Figure 128: Middle East and Africa Market Value (US$ Million) by Application, 2023 to 2033
Figure 129: Middle East and Africa Market Value (US$ Million) by Country, 2023 to 2033
Figure 130: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 131: Middle East and Africa Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 132: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 133: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 134: Middle East and Africa Market Value (US$ Million) Analysis by Laser Type, 2018 to 2033
Figure 135: Middle East and Africa Market Volume (Units) Analysis by Laser Type, 2018 to 2033
Figure 136: Middle East and Africa Market Value Share (%) and BPS Analysis by Laser Type, 2023 to 2033
Figure 137: Middle East and Africa Market Y-o-Y Growth (%) Projections by Laser Type, 2023 to 2033
Figure 138: Middle East and Africa Market Value (US$ Million) Analysis by Application, 2018 to 2033
Figure 139: Middle East and Africa Market Volume (Units) Analysis by Application, 2018 to 2033
Figure 140: Middle East and Africa Market Value Share (%) and BPS Analysis by Application, 2023 to 2033
Figure 141: Middle East and Africa Market Y-o-Y Growth (%) Projections by Application, 2023 to 2033
Figure 142: Middle East and Africa Market Attractiveness by Laser Type, 2023 to 2033
Figure 143: Middle East and Africa Market Attractiveness by Application, 2023 to 2033
Figure 144: Middle East and Africa Market Attractiveness by Country, 2023 to 2033
As per FMI, the market for urology lasers is estimated to be USD 1.1 billion in 2023.
The urology lasers industry secured a CAGR of 12.1% from 2018 to 2022.
The market in China is projected to advance at a rate of 8.9% from 2023 to 2033.
By laser type, the Holmium segment is likely to lead the urology lasers market.
The projected market size for the urology lasers market is likely to be USD 2.6 billion by 2033.
The market in 2023 is valued at USD 1.1 billion.
The market rose at a 12.2% CAGR from 2018 to 2022.
The holmium systems market is to secure an 8.9% CAGR by 2033.
By 2033, the United States is estimated to reach USD 468.2 million.
Boston Scientific Corporation Systems and Cook Medical Incorporated dominate the market.
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