The Global Urology Laser Market size is expected to reach $1.8 billion by 2030, rising at a market growth of 6.3% CAGR during the forecast period.
North America has a high healthcare expenditure, which enables greater access to advanced medical technologies such as urology lasers. Therefore, the North America segment captured $372.5 million revenue in the market in 2022. This has contributed to the increasing use of these in the region. Increased awareness among patients about the benefits of these and educational efforts by healthcare providers have contributed to their increased use in North America.
Urological disorders, including kidney stones, BPH, and urinary tract infections, are experiencing an increase in prevalence on a global scale. The Urology Foundation states that bladder cancer ranks sixteenth among female cancers and eighth among male cancers. Every year, an estimated 5,500 fatalities are attributed to bladder cancer. Thus, the increasing prevalence of urological disorders drives its demand.
Additionally, the global population is experiencing a demographic shift towards an older age profile, with the number of older adults aged 65 and above increasing significantly. This demographic trend, often referred to as the aging population or the rise in the geriatric population has profound implications for healthcare systems worldwide. Therefore, the aging population is more prone to urological disorders, contributing to a higher demand for these procedures among older adults.
However, the high cost of urology laser systems is a significant barrier to their widespread adoption, particularly in emerging economies and smaller clinics. The initial purchase cost can be substantial, making it difficult for healthcare facilities with limited budgets to invest in this technology. Hence, the high cost associated with these treatments may hamper their adoption throughout the forecast period.
Mixed effects were observed on the market as a result of the COVID-19 pandemic. One key impact was the disruption of healthcare services, including elective procedures such as those performed with urology lasers. These procedures experienced a transient decline due to the prioritization of resources towards COVID-19 patients by numerous hospitals and healthcare facilities, which compelled them to postpone or cancel non-urgent procedures. Thus, the pandemic had an overall moderate impact on the market.
By Laser Type Analysis
Based on laser type, the market is characterized by holmium laser system, thulium laser system, diode laser system, and others. The thulium laser system segment procured 32.1% growth rate in the market in 2022. Thulium lasers are known for their precision and efficacy in targeting and treating specific tissues. This makes them ideal for urological procedures where precision is crucial, such as in treating BPH and other urological conditions.
By Application Analysis
On the basis of application, the market is classified into benign prostatic hyperplasia (BPH), urolithiasis, non-muscle-invasive bladder cancer (NMIBC), and others. The benign prostatic hyperplasia (BPH) segment 46.1% largest revenue share in the market in 2022. These provide a minimally invasive substitute to conventional surgical procedures for treating BPH.
By Regional Analysis
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment garnered 29.0% growth rate in the market in 2022. The Asia-Pacific region has seen an increase in the prevalence of urological disorders such as kidney stones, bladder tumors, and benign prostatic hyperplasia (BPH).
List of Key Companies Profiled
- Olympus Corporation
- Biolitec AG
- Stryker Corporation
- Boston Scientific Corporation
- Richard Wolf GmbH
- Cook Medical, Inc.(Cook Group)
- Karl Storz SE & Co. KG
- OmniGuide, Inc.
- Allengers Medical Systems Ltd.
- Becton, Dickinson and Company
Global Urology Laser Market Report Segmentation
By Laser Type
- Holmium Laser System
- Thulium Laser System
- Diode Laser System
- Others
By Application
- Benign Prostatic Hyperplasia (BPH)
- Urolithiasis
- Non-Muscle-Invasive Bladder Cancer (NMIBC)
- Others
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1Global Urology Laser Market, by Laser Type
- 1.4.2Global Urology Laser Market, by Application
- 1.4.3Global Urology Laser Market, by Geography
- 1.5Methodology for the research
Chapter 2.Market at a Glance
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
- 3.3Porter's Five Forces Analysis
Chapter 4.Global Urology Laser Market by Laser Type
- 4.1Global Holmium Laser System Market by Region
- 4.2Global Thulium Laser System Market by Region
- 4.3Global Diode Laser System Market by Region
- 4.4Global Others Market by Region
Chapter 5.Global Urology Laser Market by Application
- 5.1Global Benign Prostatic Hyperplasia (BPH) Market by Region
- 5.2Global Urolithiasis Market by Region
- 5.3Global Non-Muscle-Invasive Bladder Cancer (NMIBC) Market by Region
- 5.4Global Others Market by Region
Chapter 6.Global Urology Laser Market by Region
- 6.1North America Urology Laser Market
- 6.1.1North America Urology Laser Market by Laser Type
- 6.1.1.1North America Holmium Laser System Market by Country
- 6.1.1.2North America Thulium Laser System Market by Country
- 6.1.1.3North America Diode Laser System Market by Country
- 6.1.1.4North America Others Market by Country
- 6.1.2North America Urology Laser Market by Application
- 6.1.2.1North America Benign Prostatic Hyperplasia (BPH) Market by Country
- 6.1.2.2North America Urolithiasis Market by Country
- 6.1.2.3North America Non-Muscle-Invasive Bladder Cancer (NMIBC) Market by Country
- 6.1.2.4North America Others Market by Country
- 6.1.3North America Urology Laser Market by Country
- 6.1.3.1US Urology Laser Market
- 6.1.3.1.1US Urology Laser Market by Laser Type
- 6.1.3.1.2US Urology Laser Market by Application
- 6.1.3.2Canada Urology Laser Market
- 6.1.3.2.1Canada Urology Laser Market by Laser Type
- 6.1.3.2.2Canada Urology Laser Market by Application
- 6.1.3.3Mexico Urology Laser Market
- 6.1.3.3.1Mexico Urology Laser Market by Laser Type
- 6.1.3.3.2Mexico Urology Laser Market by Application
- 6.1.3.4Rest of North America Urology Laser Market
- 6.1.3.4.1Rest of North America Urology Laser Market by Laser Type
- 6.1.3.4.2Rest of North America Urology Laser Market by Application
- 6.2Europe Urology Laser Market
- 6.2.1Europe Urology Laser Market by Laser Type
- 6.2.1.1Europe Holmium Laser System Market by Country
- 6.2.1.2Europe Thulium Laser System Market by Country
- 6.2.1.3Europe Diode Laser System Market by Country
- 6.2.1.4Europe Others Market by Country
- 6.2.2Europe Urology Laser Market by Application
- 6.2.2.1Europe Benign Prostatic Hyperplasia (BPH) Market by Country
- 6.2.2.2Europe Urolithiasis Market by Country
- 6.2.2.3Europe Non-Muscle-Invasive Bladder Cancer (NMIBC) Market by Country
- 6.2.2.4Europe Others Market by Country
- 6.2.3Europe Urology Laser Market by Country
- 6.2.3.1Germany Urology Laser Market
- 6.2.3.1.1Germany Urology Laser Market by Laser Type
- 6.2.3.1.2Germany Urology Laser Market by Application
- 6.2.3.2UK Urology Laser Market
- 6.2.3.2.1UK Urology Laser Market by Laser Type
- 6.2.3.2.2UK Urology Laser Market by Application
- 6.2.3.3France Urology Laser Market
- 6.2.3.3.1France Urology Laser Market by Laser Type
- 6.2.3.3.2France Urology Laser Market by Application
- 6.2.3.4Russia Urology Laser Market
- 6.2.3.4.1Russia Urology Laser Market by Laser Type
- 6.2.3.4.2Russia Urology Laser Market by Application
- 6.2.3.5Spain Urology Laser Market
- 6.2.3.5.1Spain Urology Laser Market by Laser Type
- 6.2.3.5.2Spain Urology Laser Market by Application
- 6.2.3.6Italy Urology Laser Market
- 6.2.3.6.1Italy Urology Laser Market by Laser Type
- 6.2.3.6.2Italy Urology Laser Market by Application
- 6.2.3.7Rest of Europe Urology Laser Market
- 6.2.3.7.1Rest of Europe Urology Laser Market by Laser Type
- 6.2.3.7.2Rest of Europe Urology Laser Market by Application
- 6.3Asia Pacific Urology Laser Market
- 6.3.1Asia Pacific Urology Laser Market by Laser Type
- 6.3.1.1Asia Pacific Holmium Laser System Market by Country
- 6.3.1.2Asia Pacific Thulium Laser System Market by Country
- 6.3.1.3Asia Pacific Diode Laser System Market by Country
- 6.3.1.4Asia Pacific Others Market by Country
- 6.3.2Asia Pacific Urology Laser Market by Application
- 6.3.2.1Asia Pacific Benign Prostatic Hyperplasia (BPH) Market by Country
- 6.3.2.2Asia Pacific Urolithiasis Market by Country
- 6.3.2.3Asia Pacific Non-Muscle-Invasive Bladder Cancer (NMIBC) Market by Country
- 6.3.2.4Asia Pacific Others Market by Country
- 6.3.3Asia Pacific Urology Laser Market by Country
- 6.3.3.1China Urology Laser Market
- 6.3.3.1.1China Urology Laser Market by Laser Type
- 6.3.3.1.2China Urology Laser Market by Application
- 6.3.3.2Japan Urology Laser Market
- 6.3.3.2.1Japan Urology Laser Market by Laser Type
- 6.3.3.2.2Japan Urology Laser Market by Application
- 6.3.3.3India Urology Laser Market
- 6.3.3.3.1India Urology Laser Market by Laser Type
- 6.3.3.3.2India Urology Laser Market by Application
- 6.3.3.4South Korea Urology Laser Market
- 6.3.3.4.1South Korea Urology Laser Market by Laser Type
- 6.3.3.4.2South Korea Urology Laser Market by Application
- 6.3.3.5Singapore Urology Laser Market
- 6.3.3.5.1Singapore Urology Laser Market by Laser Type
- 6.3.3.5.2Singapore Urology Laser Market by Application
- 6.3.3.6Malaysia Urology Laser Market
- 6.3.3.6.1Malaysia Urology Laser Market by Laser Type
- 6.3.3.6.2Malaysia Urology Laser Market by Application
- 6.3.3.7Rest of Asia Pacific Urology Laser Market
- 6.3.3.7.1Rest of Asia Pacific Urology Laser Market by Laser Type
- 6.3.3.7.2Rest of Asia Pacific Urology Laser Market by Application
- 6.4LAMEA Urology Laser Market
- 6.4.1LAMEA Urology Laser Market by Laser Type
- 6.4.1.1LAMEA Holmium Laser System Market by Country
- 6.4.1.2LAMEA Thulium Laser System Market by Country
- 6.4.1.3LAMEA Diode Laser System Market by Country
- 6.4.1.4LAMEA Others Market by Country
- 6.4.2LAMEA Urology Laser Market by Application
- 6.4.2.1LAMEA Benign Prostatic Hyperplasia (BPH) Market by Country
- 6.4.2.2LAMEA Urolithiasis Market by Country
- 6.4.2.3LAMEA Non-Muscle-Invasive Bladder Cancer (NMIBC) Market by Country
- 6.4.2.4LAMEA Others Market by Country
- 6.4.3LAMEA Urology Laser Market by Country
- 6.4.3.1Brazil Urology Laser Market
- 6.4.3.1.1Brazil Urology Laser Market by Laser Type
- 6.4.3.1.2Brazil Urology Laser Market by Application
- 6.4.3.2Argentina Urology Laser Market
- 6.4.3.2.1Argentina Urology Laser Market by Laser Type
- 6.4.3.2.2Argentina Urology Laser Market by Application
- 6.4.3.3UAE Urology Laser Market
- 6.4.3.3.1UAE Urology Laser Market by Laser Type
- 6.4.3.3.2UAE Urology Laser Market by Application
- 6.4.3.4Saudi Arabia Urology Laser Market
- 6.4.3.4.1Saudi Arabia Urology Laser Market by Laser Type
- 6.4.3.4.2Saudi Arabia Urology Laser Market by Application
- 6.4.3.5South Africa Urology Laser Market
- 6.4.3.5.1South Africa Urology Laser Market by Laser Type
- 6.4.3.5.2South Africa Urology Laser Market by Application
- 6.4.3.6Nigeria Urology Laser Market
- 6.4.3.6.1Nigeria Urology Laser Market by Laser Type
- 6.4.3.6.2Nigeria Urology Laser Market by Application
- 6.4.3.7Rest of LAMEA Urology Laser Market
- 6.4.3.7.1Rest of LAMEA Urology Laser Market by Laser Type
- 6.4.3.7.2Rest of LAMEA Urology Laser Market by Application
Chapter 7.Company Profiles
- 7.1Olympus Corporation
- 7.1.1Company Overview
- 7.1.2Financial Analysis
- 7.1.3Segmental and Regional Analysis
- 7.1.4Recent strategies and developments:
- 7.1.4.1Product Launches and Product Expansions:
- 7.1.4.2Acquisition and Mergers:
- 7.1.5SWOT Analysis
- 7.2Biolitec AG
- 7.2.1Company Overview
- 7.2.2SWOT Analysis
- 7.3Stryker Corporation
- 7.3.1Company Overview
- 7.3.2Financial Analysis
- 7.3.3Segmental and Regional Analysis
- 7.3.4Research & Development Expenses
- 7.3.5SWOT Analysis
- 7.4Boston Scientific Corporation
- 7.4.1Company Overview
- 7.4.2Financial Analysis
- 7.4.3Segmental and Regional Analysis
- 7.4.4Research & Development Expense
- 7.4.5Recent strategies and developments:
- 7.4.5.1Acquisition and Mergers:
- 7.4.6SWOT Analysis
- 7.5Richard Wolf GmbH
- 7.5.1Company Overview
- 7.5.2SWOT Analysis
- 7.6Cook Medical, Inc. (Cook Group)
- 7.6.1Company Overview
- 7.6.2SWOT Analysis
- 7.7Karl Storz SE & Co. KG
- 7.7.1Company Overview
- 7.7.2SWOT Analysis
- 7.8OmniGuide, Inc.
- 7.8.1Company Overview
- 7.8.2SWOT Analysis
- 7.9Allengers Medical Systems Ltd.
- 7.9.1Company Overview
- 7.9.2SWOT Analysis
- 7.10.Becton, Dickinson, and Company
- 7.10.1Company Overview
- 7.10.2Financial Analysis
- 7.10.3Segmental and Regional Analysis
- 7.10.4Research & Development Expense
- 7.10.5SWOT Analysis
Chapter 8.Winning Imperatives of Urology Laser Market