Published Date: 31-Dec-2019
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According to a new report Global Urology Laser Market, published by KBV Research, The Global Urology Laser Market size is expected to reach $1.3 billion by 2025, rising at a market growth of 5.7% CAGR during the forecast period.
Owing to its different modalities and its minimally invasive surgical technique, the holmium segment dominated the urology laser market in 2018. Due to its advantages over Transurethral Resection Prostate (TURP), a traditional method, the thulium laser segment is expected to record significant CAGR of 6.1% during the estimation period.
The Benign Prostatic Hyperplasia (BPH) market dominated the Global Urology Laser Market by Application in 2018, growing at a CAGR of 5.2 % during the forecast period. Due to the escalated number of patients suffering from stony concretions in the urinary tract and bladder, urolithiasis is projected to be among the fastest-growing segments during the forecast period with a CAGR of 5.1%. Stony concretions are caused by factors such as the acceptance of unhealthy lifestyles and facilities for improper sanitation.
North America was dominant in the overall market in 2018 and is projected to see significant growth in the future as BPH, urolithiasis, and other urology-related disorders are increasing significantly. The Europe market is expected to witness a CAGR of 5.1% during (2019 - 2025). Given the increasing number of people suffering from urolithiasis and the consequential rise in lithotripsy procedures in the region, Asia Pacific is expected to record the highest CAGR of 7.3% during the forecast period.
Structural Insights: https://www.kbvresearch.com/urology-laser-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Olympus Corporation, Johnson and Johnson (Ethicon, Inc.), Stryker Corporation, Boston Scientific Corporation, Richard Wolf GmbH, Cook Medical, Inc. (Cook Group), Karl Storz SE & Co. KG, Lumenis Ltd. (XIO Group), Allengers Medical Systems Limited, and Becton, Dickinson and Company
By Laser Type
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