Surgical Medical Laser Systems Market

Surgical Medical Laser Systems Market Outlook (2022-2032)

The global surgical medical laser systems market is set to record a market value of US$ 3.18 Bn in 2022, with an indication of positive and rapid market growth rate at a CAGR of 9.2% over the forecast period (2022-2032). As such, worldwide sales of surgical medical laser systems are predicted to reach US$ 7.68 Bn by the end of 2032.

Report Attributes	Details
Data Points	Market Insights
Market Size (2021)	US$ 2.94 Bn
Estimated Market Value (2022)	US$ 3.18 Bn
Projected Market Value (2032)	US$ 7.68 Bn
Global Market Growth Rate (2022-2032)	9.2% CAGR
Market Share of Top 5 Countries	71.6%
Key Market Players	Lumenis Alcon Baush & Lomb Inc. IREDEX Corp. Photomedex, Inc. Philips (Spectranetics Corporation) Fotona Elforlight Ltd. Alma Lasers Accu-Tech Co., Ltd BISON MEDICAL Co., Ltd. ASUKA MEDICAL inc. Quantel Laser (Lumibird Medical) Nidek Co. Ltd., Carl Zeiss Meditec AG.

Worldwide demand for surgical medical lasers accounted for 72.7% of the global lasers market in 2021, which was valued at US$ 4.05 Bn. As projected by Fact.MR, a market research and competitive intelligence provider, demand for solid-state laser systems would be more than 35% of the total sales of surgical medical lasers in 2022.

Sales Analysis of Surgical Medical Laser Systems from 2017 to 2021 Vs Market Outlook for 2022 to 2032

Worldwide surgical medical laser demand increased at a CAGR of 6.7% over the last five years (2017-2021) owing to rising awareness regarding surgical laser systems amongst healthcare practitioners as well as consumers, globally.

Increasing preference towards minimally-invasive surgical procedures, rising number of ambulatory surgical centres, and growing burden of targeted diseases are some of the major factors driving demand for surgical medical laser procedures across the world.

The management of angina pectoris employs Trans-myocardial laser revascularization (TMLR or TMR), which is a minimally-invasive surgical procedure that incorporates the use of CO2 surgical lasers. These CO2 lasers are used to shoot miniscule channels through the lower left ventricle of the heart. These pinholes or channels improve oxygen-rich blood flow, thereby reducing pain caused by angina pectoris.

According to an article published in the MedScape journal, Angina affects more than 9.5 million Americans every year, and 500,000 new diagnoses occur annually. Rising burden of angina will boost demand for CO2 surgical medical lasers over the next few years. Sales of CO2 lasers will drive overall market growth of surgical medical laser systems upwards. Recorded CO2 surgical laser sales were US$ 271.6 Mn in 2021.

With lifestyle changes and increased screen-time amongst children and adults, the burden of ophthalmic diseases and need for spectacles has also increased. Since LASIK surgery is safe, effective, and minimally-invasive, many consumers opt for this procedure.

This is one of the key factors fuelling demand for surgical lasers in the U.S. market. Use of surgical lasers in ophthalmology is set to expand the surgical medical laser systems market at a CAGR of 9.8% over the decade.

Argon lasers are used in retinal phototherapy to treat the ophthalmic complications of diabetes mellitus. According to an article published in the Science Direct magazine, estimated worldwide number of diabetic retinopathy was around 103.12 Mn in 2020. Argon laser demand is projected to grow with developing healthcare facilities around the world and constantly rising prevalence of diabetes.

Argon surgical medical lasers to treat diabetic retinopathy is set to witness higher demand over the coming years. Sales of argon surgical lasers recorded in 2021 were US$ 141.6 Mn.

According to the study of Healthgrades, the number of ambulatory procedures performed in the U.S. is increasing. As the observation stands, the number of outpatient procedures performed in the U.S. are on the rise and have tripled over the last 30 years to more than the 54 Mn per year.

Minimally-invasive surgeries and ambulatory procedures use automation, which has gained traction owing to various applications in general and specialised surgeries such as laparoscopy, colorectal surgery, and many more. Surgical medical lasers for laparoscopic surgery and surgical medical lasers for open surgery are set to witness soaring demand over the next few years owing to their immense advantages over traditional surgeries.

Prevalence of targeted diseases such as ophthalmic diseases, benign prostatic hyperplasia, cardiovascular diseases, angina pectoris, cancer, trigeminal neuralgia, dermatologic diseases, etc., are rising around the world. According to the study of frontiers in neurology studies, in September 2021, seventy-four studies were analysed, and overall, 956 out of 8,172 patients relapsed, and the pooled recurrence rate was 0.096 for trigeminal neuralgia.

Demand for laser dentistry is climbing owing to easy access to better treatment options and availability of laser systems in dental clinics in developed as well as emerging countries around the world.

Diode surgical medical lasers accounted for 17% share of the overall market, in terms of revenue, in the year 2021. Diode surgical laser demand is projected to grow exponentially at a CAGR of 10.4% over the forecast period. Demand for diode lasers is expected to boom over the next few years due to their cost effectiveness and ease of use over other laser systems.

Some of the latest trends in the surgical medical lasers market include use of lasers in endoscopic and laparoscopic procedures, advancements in laser physics, and launch of innovative medical laser technologies.

All these factors and the overall benefits of surgical lasers are promoting demand in the global surgical medical lasers market. The market is projected to expand at a CAGR of 9.2% and record sales worth US$ 7.68 Bn by 2032.

How Can Key Manufacturers of Surgical Medical Laser Systems Progress in this Space?

“Rising Awareness of Medical Tourism to Drive Product Demand”

Rising awareness of medical tourism poses one of the major opportunities for demand growth of surgical medical laser systems. According to a report published by OECD on medical tourism, growing number of healthcare professionals globally, technological advancements in the field of healthcare, rising number of innovative procedures for patient care, and favourable regulatory scenario have all given rise to increased capital funding in medical tourism around the world.

“Increasing Incidence of Ophthalmic Diseases”

According to the NOVEL OPTHALMOLOGY study, the global ophthalmic equipment market is expected to rise at 3.7% CAGR over the decade. Around 2.4 million eye injuries are registered in the U.S. each year. Rising incidence of ophthalmic diseases will positively drive demand for surgical medical laser systems used for the management of these diseases, and thus provide many lucrative opportunities for surgical medical laser system manufacturers.

“Increasing Use of Lasers with Robotic Technology”

According to an article published by Research Gate, lasers are useful trans-oral robotic surgery. By promoting the rationality of combining robotic surgery with laser technologies, lasers are becoming the device for intraoperative tissue analysis. This combination of robots and laser for surgery are paving the way for newer technological advancements in laser as well as robotic surgeries.

Various applications such as surgical medical lasers for percutaneous surgery, surgical lasers for open surgery, surgical lasers for laparoscopic surgery, and the use of surgical lasers in dentistry would favorably affect the sales of surgical laser equipment in the future.

“Rising Popularity of Surgical Lasers in Oncology”

Laser treatment uses powerful, thin rays to remove or destroy cancer or abnormal cells that can become cancer. With technological advancements in the field of oncology, use of surgical lasers in oncology is steadily rising, especially in developed countries around the world.

According to the National Cancer Institute, in 2020, an estimated 1,806,590 new diagnoses of cancer occurred in the U.S., with the most common cancers of the breasts and lungs. Nd:Yag surgical medical lasers are commonly used for the treatment of lung cancer. Owing to the large number of lung cancer cases, Nd:Yag surgical laser demand is bound to explode over the coming years. Nd:Yag laser sales in were US$ 420.6 Mn, with a forward looking CAGR of 10.8% for the forecast period.

Owing to all the aforementioned reasons, there are tremendous growth opportunities for players operating in the surgical lasers market.

What is Restraining Demand for Surgical Medical Laser Systems?

“Huge Procedure Cost and Need for Highly Trained Medical Staff”

Surgical medical laser systems require technical expertise and precision for performing the procedures. According to a report published by IPG Photonics, the cardiovascular procedure called Transmyocardial laser extravascular angiogenesis (TMLR) to treat angina uses a laser to create channels in the heart muscles and restore blood flow.

For the management of benign prostatic hyperplasia, surgeons use lasers to remove hyperplastic tissue and improve urine flow into the urethra. These are two examples of various specialty procedures that require high-precision and well-trained staff to avoid complications.

There are many such surgeries that require the same advanced and high level of expertise, which ultimately increases the cost of treatment. In the holmium:YAG laser system, there is a need for a high-voltage power supply, internal water-cooling system, replacement flash lamps, and use of bulk optics, which make the laser system relatively complex and potentially costly to maintain. Likewise, for many types of laser systems, there is high procedure and maintenance cost that is required.

These factors are expected to slow down demand in the surgical lasers market across the world and hinder market growth of top manufacturers of surgical medical lasers.

Country-wise Insights

Why is the U.S. a Large Market for Surgical Medical Laser Systems?

The U.S. accounted for 90.7% market share, by revenue, of the North America surgical medical laser systems market in 2021. North America held 43.5% share of the global market in the same year. According to the American Society of Plastic Surgeons, 199,945 laser tattoo removal procedures were performed in the U.S. in 2020.

The willingness of consumers to opt for innovative medical procedures, technological advancements in surgical laser products, highly developed healthcare infrastructure, and easy accessibility to healthcare will fuel demand for surgical medical laser systems in the U.S.

Sales of surgical medical lasers in the U.S. were valued at US$ 1.28 Bn in 2021.

Why are Surgical Medical Laser System Manufacturers Eyeing Germany?

Demand for surgical lasers in Germany, in the year 2021, was valued at US$ 282.6 Mn, which accounted for 29.5% market share, by revenue. The market is projected to expand at a CAGR of 9.6% over the forecast period (2022-2032).

Presence of key players of this industry and high demand for minimally-invasive procedures are some of the key drivers for the surgical medical laser equipment market in Germany.

Why is China Emerging as a Prominent Market for Surgical Medical Laser Systems?

The China surgical medical laser devices market accounted for 46.7% share, by revenue, in East Asia in the year 2021.

Increasing healthcare expenditure in the country, high level of technological advancements in healthcare, and constantly evolving healthcare infrastructure are expected to drive the market at a CAGR of 11% over the forecast period (2022-2032).

Will Surgical Medical Laser System Suppliers Proliferate in India?

India accounted for 45.8% share, by revenue, of the South Asia surgical medical laser systems market in the year 2021.

India is proving to be one of the fastest-growing economies around the world, and is constantly upgrading its healthcare infrastructure. There is an increase in the level of disposable income amongst consumers in India, which also adds in to the demand for various new procedures in healthcare.

All these factors positively influence demand growth of surgical medical laser systems in India.

Category-wise Insights

Which Type of Laser Systems are Highly Popular in the Market?

Solid-state laser systems accounted for the largest market share of 40.4% 2021, and are expected to follow a similar trend over the forecast period, recording a CAGR of 9.5%.

Solid-state laser systems provide the advantage of no wastage of materials over gas state laser systems, which make them more cost-efficient in nature. These laser systems are also easier to construct and are less expensive than the other forms of laser systems.

Solid-state laser systems would most likely record sales worth US$ 3.20 Bn by the end of 2032.

What is the Most Common Application of Surgical Medical Laser Systems?

Application of laser systems in dermatology is high. Dermatology, as a segment, accounted for 27.4% market share, by revenue, in 2021, and is projected to follow a similar trend going forward.

According to the American Society of Plastic Surgeon’s report, 21.3% of cosmetic minimally-invasive procedures performed in U.S. 2020 were laser-based dermatological procedures.

Impact of COVID-19 on the Industry

The pandemic gave rise to an unprecedented scenario around the world, with healthcare at its centre. According to a report published by WHO, the number of COVID-19 cases around the world, as of 15th March 2022, was 460 million, with a staggering 6 million deaths.

COVID-19 affected the surgical medical laser systems market negatively considering the overall market conditions and scenario. As the wave of COVID-19 pandemic hit the world in March 2020, all elective laser surgeries and other small surgeries numbers declined. As such, laser surgeries and treatments experienced a negative impact.

Competitive Landscape

Majority of surgical medical laser system manufacturers are bringing in new technologies to provide laser-based treatment options for their consumers. This will not only help them strengthen their market presence but increase their consumer base as well.

• In January 2022, Alcon acquired Ivantis, Inc., bringing Hydrus Microstent, a device used for treating glaucoma, into its global surgical portfolio.
• In October 2021, Bausch & Lomb launched the biotrue® eye care recycling program in collaboration with TerraCycle in the U.S.
• In December 2020, IRIDEX announced the availability of MicroPulse Transscleral Laser Therapy in the European Glaucoma Society Guidelines.

Similarly, the team at Fact.MR has tracked recent developments related to key companies manufacturing surgical medical laser systems, which are available in the full report.

Key Segments Covered in Surgical Medical Laser Systems Industry Research

• By Product:

  • Solid-state Laser Systems
    • Holmium Yttrium Aluminium Garnet Laser (Ho:Yag) Systems
    • Erbium Yttrium Aluminium Garnet Laser (Er:Yag) Systems
    • Neodymium Yttrium Aluminium Garnet Laser (Nd:Yag) Systems
    • Potassium Titanyl Phosphate Laser Systems
    • Alexandrite Laser Systems
    • Ruby Laser Systems
  • Gas Laser Systems
    • Co2 Laser Systems
    • Argon Laser Systems
    • Krypton Laser Systems
    • Metal Vapor (Copper And Gold) Laser Systems
    • Helium – Neon (He-Ne) Laser Systems
    • Excimer Laser Systems
  • Dye Laser Systems
  • Diode Laser Systems

• By Application:

  • Ophthalmology
  • Dermatology
  • Gynaecology
  • Dentistry
  • Urology
  • Cardiovascular
  • Others

• By End User:

  • Hospitals
  • Specialty Clinics
  • Ambulatory Surgical Centres

• By Region:

  • North America 
  • Latin America 
  • Europe 
  • East Asia 
  • South Asia 
  • Oceania 
  • Middle East & Africa