Urology Lasers Market
Number of pages: 100 | Report Format: PDF | Published date: January 31, 2023
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
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Report Attribute |
Details |
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Market Size Value in 2021 |
US$ 0.94 billion |
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Revenue Forecast in 2030 |
US$ 1.60 billion |
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Growth Rate |
5.45% |
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CAGR |
2021 |
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Forecast Period |
2022-2030 |
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Historical Year |
2020 |
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Segments Covered |
Type, Application, and Region |
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Regional Scope |
North America, Europe, Asia Pacific, and the Rest of the World (RoW) |
According to the deep-dive market assessment study by Growth Plus Reports, the global urology lasers market was valued at US$ 0.94 billion in 2021 and is expected to register a revenue CAGR of 5.45% to reach US$ 1.60 billion by 2030.
Urology Lasers Market Fundamentals
Urology lasers are medical devices used in urogenital medicine to perform various treatments and operations. These lasers can be used in a variety of applications, such as lithotripsy for the treatment of kidney stones, laser ablation for bladder cancer, and laser-assisted prostatectomy for prostate cancer. Among the several types of urology lasers, the holmium laser is one of the most versatile lasers and can be used to treat a wide range of disorders. Another commonly used urology laser is the Thulium laser. This laser can be used to treat a variety of conditions, such as bladder and kidney stones, strictures, and tumors. Thulium lasers are often minimally invasive in surgeries, such as bladder defects, prostate tissue removal, and laser-assisted reconstructive surgery. This leads to faster recovery times and less pain for the patient. It is touted as a safe and effective way to treat many urinary tract diseases.
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Urology Lasers Market Dynamics
The high prevalence of urological problems, such as urolithiasis, urinary calculi, bladder cancer, and prostate diseases, is the primary factor driving the urology lasers market revenue growth. According to the National Kidney Foundation, more than 500,000 patients visit emergency rooms yearly due to kidney stone-related issues. According to estimates, one in ten people are likely to have kidney stones at some point in their life. Kidney stones also increase the risk of chronic kidney diseases (CKDs).
Most patients with urology disorders, such as benign prostatic hyperplasia (BPH), are aged. As the geriatric population increases, it is likely to boost the demand for laser treatments for commonly occurring renal complications. As per the United Nations, around 727 million individuals aged 65 and older were estimated to be living worldwide in 2020, which is projected to reach over 1.5 billion by 2050.
The urological lasers market has been revolutionized with the advent of minimally invasive surgical techniques. It enables surgeons to perform complex procedures with reduced risk and greater precision. The benefits of using urology lasers in minimally invasive techniques include improved accuracy, lower risk of infection, and faster recovery times. Urology lasers provide a valuable tool for surgeons, allowing them to provide the best care to patients.
However, the high cost of urology devices coupled with the risk of infections associated with these devices are some factors limiting the revenue growth of the global urology lasers market.
Urology Lasers Market Ecosystem
The global urology lasers market has been analyzed from three perspectives: type, application, and region.
Urology Lasers Market by Type
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Based on the type, the global urology lasers market is segmented into holmium laser systems, diode laser systems, thulium laser systems, and others.
The holmium laser systems segment accounted for the dominating revenue share of the urology lasers market in 2021. This can be ascribed to several advantages of holmium laser systems over traditional therapies, such as a shorter treatment time, less pain and scarring, and the ability to target smaller areas precisely. Holmium laser systems can be used to treat a variety of conditions, including prostate enlargement, uterine fibroids, and prostate cancer. Holmium laser systems can be used in combination with other treatments, such as radiation therapy and chemotherapy, to deliver better outcomes in cancer treatment.
The thulium laser systems segment is expected to expand with a high revenue CAGR during the forecast period. Since thulium laser systems can deliver higher energy levels than traditional lasers, they can be used for a variety of treatments. Thulium lasers can be used for longer and require less maintenance as they have a longer operational lifetime. They are safe to employ in a range of contexts since they are less likely to result in thermal harm or other undesirable side effects. Therefore, the versatility and safety profile of thulium lasers makes them an ideal choice for a variety of applications.
Urology Lasers Market by Application
In terms of application, the global urology lasers market is segmented into benign prostatic hyperplasia (BPH), urolithiasis, non-muscle-invasive bladder cancer (NMIBC), and others.
Urology lasers have proved to be an effective treatment for benign prostatic hyperplasia (BPH). Several advantages are associated with the usage of urology lasers in this condition. Urology lasers can be used to precisely target the affected area, allowing for improved accuracy and efficiency in the treatment. Additionally, urology lasers have been found to have fewer side effects than other treatments, such as conventional surgery, making them a preferred choice for severe conditions. Also, urology lasers have a lower recurrence rate of BPH.
The urolithiasis segment is expected to register growth at a high revenue CAGR during the forecast period. Urological lasers are one of the most effective treatments for urolithiasis. Urological lasers can help to break up the stones, allowing them to be passed more easily. Additionally, lasers can be used to perform minimally invasive surgeries on the urinary tract, as they can provide a clear view of the urinary tract, which can be beneficial in many cases.
Urology Lasers Market by Region
Regionally, the global urology lasers market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
North America dominates the global urology lasers market and is expected to continue its dominance in the coming years. This is attributed to the rising incidence of benign prostatic hyperplasia, urolithiasis, and chronic kidney diseases in the region. According to the Centers for Disease Control and Prevention (CDC), in 2022, around 37 million U.S. adults were estimated to have chronic kidney disease, with many cases undiagnosed.
Europe is predicted to account for a sizable revenue share of the urology lasers market. This is due to the high prevalence of kidney stones among children and adolescents in the region. Additionally, FURSL (Flexible Ureteroscopy and laser lithotripsy) is highly adopted due to increase in awareness about laser treatments. It is increasingly employed to treat stones larger than 2 cm, achieving the best results in terms of SFR and lower complication rates.
Asia Pacific is anticipated to rise with a high revenue CAGR during the forecast period due to the rising prevalence of urolithiasis and the concurrent growth in lithotripsy treatments. Moreover, the market players present in this region are consistently introducing technologically advanced products. For instance, in 2020, Japan-based Olympus Corporation launched the SOLITIVE Premium SuperPulsed Laser System, which offers an alternative to Holmium: YAG techniques that may be less time-consuming, resulting in better patient experience at less expense.
Urology Lasers Market Competitive Landscape
The prominent players operating in the global urology lasers market are:
The rising demand for minimally invasive surgeries, growing technological advancements, increasing prevalence of benign prostatic hyperplasia, and rising geriatric populations are driving revenue growth in the global market.
Some of the prominent players operating in the urology lasers market are Olympus Corporation, Boston Scientific Corporation, Lumenis Ltd., Cook Medical, and OmniGuide Holdings Inc.
The high cost of urology devices and the risk of infections associated with urology devices are some factors limiting the growth of the global urology lasers market.
The global urology lasers market is expected to register a revenue CAGR of 5.45% during the forecast period from 2022 to 2030.
Based on the application, the benign prostatic hyperplasia (BPH) segment dominates the global urology lasers market.
*Insights on financial performance are subject to availability of the information in the public domain