SURGICAL LASERS MARKET ANALYSIS

Surgical Lasers MarketSize and Trends

The global surgical lasers market size was valued at US$ 1.4 billion in 2017 and is expected to witness a CAGR of 5.4% over the forecast period (2018 – 2026).

Global Surgical Lasers Market Share (%), By Application, 2017

Source: Coherent Market Insights Analysis (2019)

Increasing number of surgical procedures worldwide is expected to drive the surgical lasers market revenue

Rising prevalence of diseases such as cancer, cataract, kidney stones, and others, technological advancements in surgical lasers, and rising demand for minimally invasive surgeries are major factors driving the surgical lasers market growth. According to the National Institute of Diabetes and Digestive and Kidney Diseases Health Information Center, in 2016, the overall prevalence of chronic kidney disease in the U.S. was around 14%.

Lasers such as ophthalmic lasers are used for treatment of wide range of eye problems. Significant accuracy, low-cost, safe procedure, and convenient ophthalmic tools has increased the demand for ophthalmic lasers. Patients prefer ophthalmic lasers treatment due to pain free procedures and easy availability on an outpatient basis. According to Centre for Disease Control and Prevention in 2015, approximately 20.5 million people in the U.S. suffered from cataract, mainly those aged 40 years and older. Thus, increasing prevalence of cataract and advantages of laser surgery is expected to drive the surgical lasers market during the forecast period.

Surgical Lasers Market - Trends