Market Overview:
The global urology laser equipment market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of urinary tract infections (UTIs) and prostate cancer, rising demand for minimally invasive surgeries, and technological advancements in urology laser equipment. Based on type, the global urology laser equipment market is segmented into YAG lasers, CO2 lasers, diode lasers, and other types of lasers. The YAG laser segment is expected to account for the largest share of the global urology laser equipment market in 2018 owing to its high adoption rates for various applications such as lithotripsy (the breaking up of kidney stones), endourological procedures (procedures performed using an endoscope), and ablation therapy (destruction of tissue). Based on application, the global urology laser equipment market is segmented into hospitals, clinics, and other applications. The hospitals segment accounted for the largest share of the global urology laser equipment market in 2017 due to rising demand for minimally invasive surgeries across all regions.
Product Definition:
Urology laser equipment is used to treat various urinary tract disorders, including kidney stones and cancer. The equipment uses a high-intensity beam of light to destroy the tissue.
YAG:
YAG, or Erbium-Doped Yttrium Aluminum Garnet is a laser material that produces light with a wavelength of 2mm. It has wide applications in urology and dentistry. The major factor driving the market growth includes increasing prevalence of chronic diseases such as urinary stones, bladder tumors & infections along with rising geriatric population base which are highly prone to these conditions.
CO2:
Carbon Dioxide (CO2) is a colorless and highly flammable gas. It is produced during the process of coal combustion or petroleum refining. CO2 laser used in urology equipment has several medical applications such as improving blood circulation, reducing pain after surgery, decreasing inflammation & swelling after an operation and increasing the healing rate of tissue by accelerating cell growth.
Application Insights:
The other application segment held the largest share of over 50.0% in 2017 and is expected to witness significant growth during the forecast period owing to increasing number of patients suffering from Benign Prostatic Hyperplasia (BPH) and prostate cancer, which drives demand for laser treatment. Moreover, rising awareness about BPH among men as well as their preference for surgical treatment due to its cosmetic disadvantages is further anticipated to drive demand over the forecast period.
Clinic-based settings witnessed a higher adoption rate of urology lasers compared with hospital-based settings owing to factors such as more convenience and flexibility offered along with better patient outcomes at clinics coupled with an overall reduction in cost associated with it. The use of these devices at clinics also helps reduce travel time required for patients undergoing treatments thereby offering them better convenience than that offered by hospitals currently do.
Regional Analysis:
North America dominated the global urology laser equipment market in 2017. The presence of well-established healthcare infrastructure, high adoption rate of advanced technology coupled with rising prevalence of Benign Prostatic Hyperplasia (BPH), and spinal cord injury are some major factors responsible for its large share. In addition, increasing government initiatives to create awareness regarding urology procedures and treatment options is also expected to drive the regional market over the forecast period.
Asia Pacific region is anticipated to witness lucrative growth during the forecast period owing to improving healthcare facilities & infrastructure along with growing medical tourism in emerging countries such as India, China, Singapore etc. Moreover, an increase in aging population suffering from various chronic diseases including BPH will further boost product demand during this period. Rising incidence of bladder cancer due to increased life expectancy coupled with rise in consumption of tobacco products will also contribute towards regional growth over next eight years (from 2018 to 2030).
Growth Factors:
- Increasing incidence of urinary tract infections (UTIs) and other urological disorders is expected to drive the demand for urology laser equipment over the forecast period.
- Rising geriatric population is also anticipated to boost the market growth as this population is more susceptible to various urological disorders.
- Technological advancements in laser technology are expected to offer new opportunities for market players.
- Growing demand for minimally invasive surgeries is projected to propel the growth of the global urology laser equipment market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Urology Laser Equipment Market Research Report
By Type
YAG, CO2, Diode, Others
By Application
Hospital, Clinic, Other
By Companies
Lumenis, Biolitec, Richard Wolf, LISA laser, Endocare, Quanta System, Boston Scientific, Olympus Medical, Raykeen
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
183
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Urology Laser Equipment Market Report Segments:
The global Urology Laser Equipment market is segmented on the basis of:
Types
YAG, CO2, Diode, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Lumenis
- Biolitec
- Richard Wolf
- LISA laser
- Endocare
- Quanta System
- Boston Scientific
- Olympus Medical
- Raykeen
Highlights of The Urology Laser Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- YAG
- CO2
- Diode
- Others
- By Application:
- Hospital
- Clinic
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Urology Laser Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Urology laser equipment is a type of medical technology that uses lasers to treat various urological conditions. These devices can be used to remove tumors, cysts, and other obstructions from the urinary tract. They are also used to correct problems with urination such as incontinence or difficulty starting urine flow.
Some of the key players operating in the urology laser equipment market are Lumenis, Biolitec, Richard Wolf, LISA laser, Endocare, Quanta System, Boston Scientific, Olympus Medical, Raykeen.
The urology laser equipment market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Urology Laser Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Urology Laser Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Urology Laser Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Urology Laser Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Urology Laser Equipment Market Size & Forecast, 2020-2028
4.5.1 Urology Laser Equipment Market Size and Y-o-Y Growth
4.5.2 Urology Laser Equipment Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 YAG
5.2.2 CO2
5.2.3 Diode
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Urology Laser Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Urology Laser Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 YAG
9.6.2 CO2
9.6.3 Diode
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 YAG
10.6.2 CO2
10.6.3 Diode
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 YAG
11.6.2 CO2
11.6.3 Diode
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 YAG
12.6.2 CO2
12.6.3 Diode
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 YAG
13.6.2 CO2
13.6.3 Diode
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Urology Laser Equipment Market: Competitive Dashboard
14.2 Global Urology Laser Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Lumenis
14.3.2 Biolitec
14.3.3 Richard Wolf
14.3.4 LISA laser
14.3.5 Endocare
14.3.6 Quanta System
14.3.7 Boston Scientific
14.3.8 Olympus Medical
14.3.9 Raykeen
