Surgical Lasers Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Surgical Lasers Market is segmented by Type (Carbon Dioxide Lasers, Neodymium: Yttrium-Aluminum-Garnet Lasers, Argon Lasers, and Other Types), Procedure (Open Surgery, Laparoscopic Surgery, and Percutaneous Surgery), Application (Dermatology, Ophthalmology, Urology, Dentistry, and Other Applications), and Geography (North America, Europe, Asia Pacific, Middle East and Africa, and South America). The report offers the value (in USD million) for the above segments.

Market Snapshot

Surgical Lasers Market Size
Study Period: 2019-2027
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 5 %

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Market Overview

The surgical lasers market is projected to register a CAGR of 5% during the forecast period.

The COVID-19 outbreak significantly impacted the surgical lasers market as hospital and healthcare services were reduced due to social distancing measures taken by governments across the world. For instance, The article titled "Clinical and surgical consequences of the COVID-19 pandemic for patients with pediatric urological problems" published in Elsevier Public Health Emergency Collection in June 2020 stated that the Paediatric-Urology-Guidelines-panel of the European Association of Urology proposed recommendations on prioritization of care. The guidelines suggested a reduced surgical procedures during various stages of the severity of the COVID-19 pandemic and instructed to perform surgery for urgent cases in which delay caused irreversible progression of disease or organ damage. The study indicated that surgical procedures were restricted during the pandemic. Therefore, COVID-19 had an adverse impact on the studied market.

With increasing product launches and awareness about the usage of surgical lasers in different medical conditions, COVID-19 has created a significant opportunity for surgical lasers in the coming years

In addition, technological advancements, growing preference for minimally invasive surgeries, and increasing incidence and prevalence of targeted diseases are actively affecting the growth of the studied market.

Furthermore, lasers' unique ability to target specific structures and layers of tissues makes surgical lasers a powerful tool in aesthetic and reconstructive surgeries. For instance, as per the American Society of Plastic Surgeons, in 2020, around 13.3 million cosmetic minimally-invasive procedures were performed, which further boosts the growth of the surgical lasers market.

​Additionally, the advancements in technology and increasing product approvals, along with partnerships and collaborations by key players are helping in the market growth. For instance, in June 2022, LENSAR, Inc., a medical technology company focused on advanced femtosecond laser surgical solutions for the treatment of cataracts, received United States Food and Drug Administration 510(k) approval for its next-generation ALLY Adaptive Cataract Treatment System. The Eye Institute of West Florida performed the first commercial cases with the ALLY Adaptive Cataract Treatment System in August 2022. Such developments are projected to boost the growth of the market.

Therefore, owing to the aforementioned factors the studied market is anticipated to witness growth over the analysis period. however, high procedural costs associated with laser surgeries are likely to impede market growth.

Scope of the Report

As per the scope of the report, surgical lasers are used to cut tissue in laser surgeries. It is a bloodless surgery (or less bleeding involved than conventional surgery) and is widely used in dermatology, ophthalmology, and urology. The Surgical Lasers Market is segmented by Type (Carbon Dioxide Lasers, Neodymium: Yttrium-Aluminum-Garnet Lasers, Argon Lasers, and Other Types), Procedure (Open Surgery, Laparoscopic Surgery, and Percutaneous Surgery), Application (Dermatology, Ophthalmology, Urology, Dentistry, and Other Applications), and Geography (North America, Europe, Asia Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments.

By Type
Carbon Dioxide (CO2) Lasers
ND:Yag (Neodymium:Yttrium-Aluminum-Garnet) Lasers
Argon Lasers
Other Types
By Procedure
Open Surgery
Laparoscopic Surgery
Percutaneous Surgery
By Application
Dermatology
Ophthalmology
Urology
Dentistry
Other Applications
By Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Dermatology Segment is Expected To Witness Growth Over The Forecast Period

Numerous vascular lesions, such as facial telangiectasias, haemangiomas, pyogenic granulomas, Kaposi sarcoma, and poikiloderma of Civatte, have been effectively treated using lasers. In the last 20 years, developments in laser technology have revolutionized its usage in the treatment of various skin problems and congenital deformities, including vascular and pigmented lesions, and the removal of tattoos, scars, and wrinkles. There is a spectrum of laser and light technologies available for skin resurfacing and rejuvenation.

As per the International Society of Aesthetic Plastic Surgery (ISAPS), 1,837,052 laser hair removal procedures and 240,213 micro-ablative resurfacing procedures were done worldwide in 2020. It has been observed that despite the COVID-19 outbreak, the number of these non-surgical laser-based aesthetic procedures increased drastically compared to that of 2019. For instance, in 2019, hair removal procedures accounted for around 1,042,951. The surge in hair removal procedures that uses lasers is ultimately augmenting segment growth.

Furthermore, surging demand for cosmetic procedures worldwide was seen worldwide in 2021. For instance, as per a survey conducted in 2021 by the Menarini Group, an Italian pharmaceutical company among 100 dermatologists and plastic surgeons across India revealed that 65% of the respondents agree that facelift is the most sought-after facial aesthetic procedure in India and 37% of the respondents have observed an increased demand for aesthetic procedures since the onset of the global COVID-19 pandemic with the desire to look good on social media. Thus, there has been a rise in awareness among people of dermatological procedures which is likely to boost the segment's growth.

Therefore, there is a growth in the dermatology segment of the studied market.

 Surgical lasers market

North America is Expected to Dominate the Surgical Lasers Market Over The Forecast Period

North America is expected to hold a significant market share in the surgical lasers market, due to the increasing aging population, rising burden of chronic diseases, growing demand for cosmetic surgeries, and growing awareness among the people, and several cosmetic laser manufacturers.

The Population Reference Bureau in its report on Aging in the United States published in December 2021 indicated that more than 55 million people living in the United States were above the age of 65 years. The rise in the aging population in the United States is expected to add to the market growth over the forecast period.

According to the 2020 Plastic Surgery Statistics Report by the American Society of Plastic Surgeons, 15.6 million cosmetic procedures and 6.8 million reconstructive procedures were performed in the United States in 2020. The report indicated that around USD 16.7 billion was spent on cosmetic procedures in the United States.​ The cosmetic and reconstructive procedure largely uses lasers. Furthermore, the high adoption rate of novel technologies, the surge in healthcare expenditure, and the presence of well-established healthcare infrastructure are fueling the overall regional market's growth.

Various regional companies and institutions are involved in clinical trials to develop a cure for diseases using surgical lasers. For instance, a clinical trial titled "Fractionated Carbon Dioxide Laser Therapy for Treatment of Peyronie's Disease" was sponsored by the University of British Columbia (Canada) to evaluate the use of fractional carbon dioxide laser therapy in the treatment of Peyronie's Disease. The clinical trial commenced on May 2021 and expected to be completed by December 2022. Such trials are anticipated to boost the demand for surgical lasers in the region.

Therefore, owing to the above-mentioned factors, the growth of the studied market is anticipated in the North America Region.

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Competitive Landscape

The surgical lasers market is fragmented and consists of several major players. In terms of market share, few of the major players are currently dominating the market studied. Some of the companies dominating the market are Cynosure, Lumenis, IPG Photonics Corporation, biolitec AG, Alma Lasers Ltd, Boston Scientific Corporation, BISON Medical, Candela Corporation, Biolase, Cutera, Inc., Alcon, and Fotona.

Major Players

  1. Cynosure

  2. Lumenis

  3. IPG Photonics Corporation

  4. biolitec AG

  5. Alma Lasers Ltd

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Recent Development

  • In May 2022, OmniGuide Holdings received the United States Food and Drug Administration approval for RevoLix HTL a family of pulsed and continuous wave Thulium YAG lasers that is the foundation of RevoLix Therapy for urology patients undergoing Benign prostatic hyperplasia (BPH) and Stone Management procedures.
  • In March 2022, CUTERA, INC., a provider of dermatology solutions, received the United States Food and Drug Administration’s 510(k) clearance of AviClear, one of the first energy-based devices to receive this designation for the treatment of mild, moderate, and severe acne.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Technological Advancements

      2. 4.2.2 Growing Preference for Minimally Invasive Surgeries

      3. 4.2.3 Increasing Incidence and Prevalence of Targeted Diseases

    3. 4.3 Market Restraints

      1. 4.3.1 High Procedural Costs Associated with Laser Surgeries

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size by Value - USD million)

    1. 5.1 By Type

      1. 5.1.1 Carbon Dioxide (CO2) Lasers

      2. 5.1.2 ND:Yag (Neodymium:Yttrium-Aluminum-Garnet) Lasers

      3. 5.1.3 Argon Lasers

      4. 5.1.4 Other Types

    2. 5.2 By Procedure

      1. 5.2.1 Open Surgery

      2. 5.2.2 Laparoscopic Surgery

      3. 5.2.3 Percutaneous Surgery

    3. 5.3 By Application

      1. 5.3.1 Dermatology

      2. 5.3.2 Ophthalmology

      3. 5.3.3 Urology

      4. 5.3.4 Dentistry

      5. 5.3.5 Other Applications

    4. 5.4 By Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia Pacific

      4. 5.4.4 Middle-East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Cynosure

      2. 6.1.2 Lumenis

      3. 6.1.3 IPG Photonics Corporation

      4. 6.1.4 biolitec AG

      5. 6.1.5 Alma Lasers Ltd

      6. 6.1.6 Boston Scientific Corporation

      7. 6.1.7 BISON Medical

      8. 6.1.8 Fotona

      9. 6.1.9 Cutera, Inc.

      10. 6.1.10 Biolase

      11. 6.1.11 Candela Corporation

      12. 6.1.12 Alcon

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments
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Frequently Asked Questions

The Global Surgical Lasers Market market is studied from 2019 - 2027.

The Global Surgical Lasers Market is growing at a CAGR of 5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

Cynosure, Lumenis, IPG Photonics Corporation, biolitec AG, Alma Lasers Ltd are the major companies operating in Global Surgical Lasers Market .

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