Hyderabad, India -- (SBWire) -- 03/01/2018 --The Global Surgical Lasers Market was priced USD 343.6 million in 2016 and anticipated to be growing at a CAGR of 9.2%, to attain USD 533.54 million by 2021, within the mentioned forecast period.
The lasers are used for the various activities like getting rid of moles, faster healing of wounds, to seal the wounds to reduce the blood loss, to remove tattoos, reduce surgical discomfort, destroy tumors and lesions, and to reduce the skin wrinkles. Typically, 3 sorts of lasers are in use in the medical treatment. They are a CO2 laser, neodymium yttrium-aluminum-garnet laser, and argon laser. The lasers are helpful in each and every open and laparoscopic procedure.
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The Surgical Lasers Market is mainly driven by factors like raising occurrence of chronic diseases, increasing technological advancements in surgical lasers. Raising preference for minimally invasive surgeries, increasing occurrence of targeted diseases, increasing demand to reduce skin wrinkles, growing demand for cosmetic purposes are also some of the factors propelling the market.
However, low medical reimbursements, safety concerns related to the utilization of surgical lasers, rise in the prices of surgeries are impeding the growth of the market.
The Carbon dioxide (CO2) is estimated to have high CAGR, because of the higher availability of Surgical Lasers that are based on CO2 coupled with advancements in technology of the cosmetic laser treatment. On the source of procedure type, Global Surgical Lasers market is analysed as percutaneous surgery, laparoscopic surgery, and Open surgery.
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In 2016, the Global Market was led by North America and it is followed by Europe. However, in 2016-2021, due to growing demand for cosmetic surgeries, the Asia-Pacific is estimated to have highest CAGR.
Prominent Players operating in the Surgical Lasers market are Cynosure, Biolitec AG (Austria), Abbott Laboratories, and Boston Scientific Corporation (U.S.), Fotona d.o.o. (Slovenia), and BISON MEDICAL Co., Ltd. (South Korea), Alma Lasers (Israel), and IPG Photonics Corporation (U.S.), Spectranetics Corporation (U.S.), and Lumenis (Israel).
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Need for Cosmetic Surgeries Drive the Global Surgical Lasers Market
The Global Surgical Lasers Market is estimated to be growing at a CAGR of 4.84 % from 2016-2021, to reach USD 2.25 billion by 2021 from USD 1.78 billion in 2016.