Surgical Laser Market By Type (Carbon Dioxide (CO2) Lasers, Neodymium: Yttrium-Aluminum-Garnet (Nd:YAG) Laser, Argon Lasers, and Others), By Procedure (Laparoscopic Surgery, Open Surgery, Percutaneous Surgery, and Others), By Application (Dermatology, Ophthalmology, Dentistry, Urology, and Others), Industry Trends, Estimation & Forecast, 2023-2030

Market Definition

Surgical lasers are used for laser surgery to cut tissue. Laser surgery is used for soft-tissue laser surgery, dermatology and plastic surgery, eye surgery, endovascular surgery, foot and ankle surgery, oral and dental surgery, spine surgery, and other surgery. The types of surgical lasers include carbon dioxide (CO2) lasers, neodymium:yttrium-aluminum-garnet (Nd:YAG) laser, argon lasers, and others.

The Surgical Laser market was valued at 6.6 billion US$ in 2022 and is projected to reach 15.9 billion US$ by 2030, at a CAGR of 11.5% during the forecast period.

Market Dynamics

Rising prevalence of ophthalmic disorders has driven the demand for surgical laser. Surgical Lasers are used for a variety of ophthalmic diseases such as glaucoma, macular degeneration, and diabetic retinopathy. According to the World Health Organization (WHO), globally, around 2.2 billion people have vision impairment and blindness, of which at least 1 billion have vision impairment in 2018. According to the Centers for Disease Control and Prevention (CDC), globally, 123.7 million people suffer from unaddressed refractive error, 65.2 million people suffer from cataract, 6.9 million people suffer from glaucoma, 4.2 million people suffer from corneal opacities, 3 million people suffer from diabetic retinopathy, and 2 million people suffer from trachoma. An estimate of 3 million Americans will be affected by age-related macular degeneration (AMD) by 2020. By 2028, an estimated 30 million Americans will have cataracts. Further, the increasing number of surgical procedures is a key driving factor of the market. In 2018, more than 800,000 LASIK (laser-assisted in situ keratomileusis) surgeries are performed in the United States. In Europe, the number of laser eye correction surgeries is expected to be around 757 thousand by 2020. However, the risk associated with laser surgical procedure might hamper the market growth. Moreover, technological advancements would provide lucrative opportunities for the market in the coming years.

Market Segmentation
The global surgical laser market is mainly classified based on type, procedure, and application. Type is further segmented into Carbon Dioxide (CO2) Lasers, Neodymium:Yttrium-Aluminum-Garnet (Nd:YAG) Laser, Argon Lasers, and Others. By procedure, the market is divided into Laparoscopic Surgery, Open Surgery, Percutaneous Surgery, and Others. By application, the market is further divided into Dermatology, Ophthalmology, Dentistry, Urology, and Others.

Carbon Dioxide (CO2) Lasers was dominating the surgical laser market in 2019, owing to the increasing adoption of carbon dioxide (CO2) lasers for cosmetic laser treatment, development of innovative carbon dioxide (CO2) lasers, and commercialization of technologically advanced carbon dioxide (CO2) lasers. For instance, Alma Surgical has introduced a new robotic probe, FemiLift Smart. Alma FemiLift is a minimally invasive outpatient solution that incorporates CO2 laser technology to treat feminine health concerns, including stress urinary incontinence, vaginal dryness, recurrent vaginal infection, Genito-Urinary Syndrome of Menopause (GSM), and post-delivery rehabilitation.

Regional Analysis

Based on geography, the global surgical laser market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America, while the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

North America was dominating the surgical laser market in 2019. North America is the highest revenue contributor for the surgical laser market and is anticipated to grow during the forecast period. The increasing number of cosmetic surgeries, rising prevalence of ophthalmic disorders that lead to an increase in demand for medical laser in North America, commercialization of surgical lasers in the North American market, and strategic agreement between companies to supply surgical laser in the Canadian market are some of the strategies boosting the North America surgical laser market. For instance, Northern Optotronics Inc. (NOI), has entered into a distribution agreement with DEKA, to market and service its surgical line of CO2 lasers and accessories in Canada.

Competitive landscape

Key players operating in the surgical laser industry include Boston Scientific Corporation, Abbott Laboratories, Inc., Lumenis Ltd, Cynosure, Inc., Biolitec AG, IPG Photonics Corporation, BISON MEDICAL Co., Ltd., Spectranetics Corporation, Alma Lasers, and Fotona d.o.o.

Increasing research and development activities on surgical laser, technological advancement, the strategic agreement between companies for development and distribution of surgical laser, and commercialization of innovative surgical laser are some of the strategies adopted by the major companies. For instance, on March 3, 2020, biolitec AG has introduced a minimally invasive LEONARDO DUAL diode laser. LEONARDO DUAL diode laser system is used in the field of thoracic surgery and pneumology. The LEONARDO DUAL 100 is the only laser system on the market that works with two wavelengths.

Surgical Laser Market Key Segments:

By Type
• Carbon Dioxide (CO2) Lasers
• Neodymium:Yttrium-Aluminum-Garnet (Nd:YAG) Laser
• Argon Lasers
• Others

By Procedure
• Laparoscopic Surgery
• Open Surgery
• Percutaneous Surgery
• Others

By Application
• Dermatology
• Ophthalmology
• Dentistry
• Urology
• Others

Key Global Surgical Laser Industry Players
• Boston Scientific Corporation
• Abbott Laboratories, Inc.
• Lumenis Ltd
• Cynosure, Inc.
• Biolitec AG
• IPG Photonics Corporation
• BISON MEDICAL Co., Ltd.
• Spectranetics Corporation
• Alma Lasers
• Fotona d.o.o.

Table of Content

1. Market Introduction
1.1. Executive Summary
1.2. Market Definition
1.3. Market Scope

2. Research Methodology
2.1. Primary Research
2.2. Research Methodology
2.3. Assumptions & Exclusions
2.4. Secondary data sources

3. Surgical Laser Market Overview
3.1. Report Segmentation & Scope
3.2. Key Market Trend
3.3. Drivers
3.3.1. Rising Prevalence of Ophthalmic Disorders
3.3.2. Increasing Number of Surgical Procedures
3.4. Restraints
3.4.1. Risk Associated with Laser Surgical Procedure
3.5. Opportunity
3.5.1. Technological Advancements
3.6. Porter’s Five Forces Analysis
3.6.1. Porter’s Five Forces Analysis
3.7. Market Share Analysis

4. Type Overview
4.1. Introduction
4.1.1. Market Size & Forecast
4.2. Carbon Dioxide (CO2) Lasers
4.2.1. Market Size & Forecast
4.3. Neodymium:Yttrium-Aluminum-Garnet (Nd:YAG) Laser
4.3.1. Market Size & Forecast
4.4. Argon Lasers
4.4.1. Market Size & Forecast
4.5. Others
4.5.1. Market Size & Forecast

5. Procedure Overview
5.1. Introduction
5.1.1. Market Size & Forecast
5.2. Laparoscopic Surgery
5.2.1. Market Size & Forecast
5.3. Open Surgery
5.3.1. Market Size & Forecast
5.4. Percutaneous Surgery
5.4.1. Market Size & Forecast
5.5. Others
5.5.1. Market Size & Forecast

6. Application Overview
6.1. Introduction
6.1.1. Market Size & Forecast
6.2. Dermatology
6.2.1. Market Size & Forecast
6.3. Ophthalmology
6.3.1. Market Size & Forecast
6.4. Dentistry
6.4.1. Market Size & Forecast
6.5. Urology
6.5.1. Market Size & Forecast
6.6. Others
6.6.1. Market Size & Forecast

7. Surgical Laser Market Regional Overview
7.1. Introduction
7.1.1. Market Size & Forecast
7.2. North America Surgical Laser Market
7.2.1. North America Market Size & Forecast, By Country
7.2.2. North America Market Size & Forecast, By Type
7.2.3. North America Market Size & Forecast, By Procedure
7.2.4. North America Market Size & Forecast, By Application
7.2.5. U.S.
7.2.5.1. Market Size and Forecast
7.2.6. Canada
7.2.6.1. Market Size and Forecast
7.2.7. Mexico
7.2.7.1. Market Size and Forecast
7.3. Europe Surgical Laser Market
7.3.1. Europe Market Size & Forecast, By Country
7.3.2. Europe Market Size & Forecast, By Type
7.3.3. Europe Market Size & Forecast, By Procedure
7.3.4. Europe Market Size & Forecast, By Application
7.3.5. Germany
7.3.5.1. Market Size and Forecast
7.3.6. France
7.3.6.1. Market Size and Forecast
7.3.7. UK
7.3.7.1. Market Size and Forecast
7.3.8. Italy
7.3.8.1. Market Size and Forecast
7.3.9. Spain
7.3.9.1. Market Size and Forecast
7.3.10. Rest of Europe
7.3.10.1. Market Size and Forecast
7.4. Asia-Pacific Surgical Laser Market
7.4.1. Asia-Pacific Market Size & Forecast, By Country
7.4.2. Asia-Pacific Market Size & Forecast, By Type
7.4.3. Asia-Pacific Market Size & Forecast, By Procedure
7.4.4. Asia-Pacific Market Size & Forecast, By Application
7.4.5. Japan
7.4.5.1. Market Size and Forecast
7.4.6. China
7.4.6.1. Market Size and Forecast
7.4.7. Australia
7.4.7.1. Market Size and Forecast
7.4.8. India
7.4.8.1. Market Size and Forecast
7.4.9. South Korea
7.4.9.1. Market Size and Forecast
7.4.10. Rest of Asia-Pacific
7.4.10.1. Market Size and Forecast
7.5. South America Surgical Laser Market
7.5.1. South America Market Size & Forecast, By Country
7.5.2. South America Market Size & Forecast, By Type
7.5.3. South America Market Size & Forecast, By Procedure
7.5.4. South America Market Size & Forecast, By Application
7.5.5. Brazil
7.5.5.1. Market Size and Forecast
7.5.6. Argentina
7.5.6.1. Market Size and Forecast
7.5.7. Rest of South America
7.5.7.1. Market Size and Forecast
7.6. Middle East & Africa Surgical Laser Market
7.6.1. Middle East & Africa Market Size & Forecast, By Country
7.6.2. Middle East & Africa Market Size & Forecast, By Type
7.6.3. Middle East & Africa Market Size & Forecast, By Procedure
7.6.4. Middle East & Africa Market Size & Forecast, By Application
7.6.5. GCC Countries
7.6.5.1. Market Size and Forecast
7.6.6. Egypt
7.6.6.1. Market Size and Forecast
7.6.7. South Africa
7.6.7.1. Market Size and Forecast
7.6.8. Rest of Middle East & Africa
7.6.8.1. Market Size and Forecast

8. Company Profile
8.1. Boston Scientific Corporation
8.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
8.1.2. Boston Scientific Corporation Product Category, Application, and Specification
8.1.3. Boston Scientific Corporation Financial Performance (2016-2018)
8.1.4. Main Business/Business Overview
8.2. Abbott Laboratories, Inc.
8.3. Lumenis Ltd
8.4. Cynosure, Inc.
8.5. Biolitec AG
8.6. IPG Photonics Corporation
8.7. BISON MEDICAL Co., Ltd.
8.8. Spectranetics Corporation
8.9. Alma Lasers
8.10. Fotona d.o.o.