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Data Bridge Market Research analyses that the urology laser market is expected to undergo a CAGR of 6.42% during the forecast period. “Benign Prostate Hyperplasia” accounts for the largest application segment in the urology laser market owing to the increasing geriatric population base globally.
Laser surgeries market has undergone rapid technological advancements in the past decade. Laser surgeries are considered as minimally invasive surgical procedures that involve no or minimal cuts and incisions on the patient’s body. There are different kinds of urology lasers in the market and the application of one kind depends of certain indications and conditions.
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Market Analysis and Insights: Global Urology Laser Market:
Urology lasers are the medical devices or components that are used in the excision of tumours in urethra, bladder, ureter and kidneys. Urology lasers emit a tiny beam of light resulting in offering an accurate, precise and painless surgical treatment.
Urology Laser Market Dynamics
Drivers
· The rise in the prevalence of disorders
Surging prevalence of urology disorders especially in women is one of the major factors fostering the growth in demand for urology lasers. Therefore, rising incidence rate of prostate cancer, urinary tract infections (UTIs) and kidney and ureteral stones will create high demand for urology lasers.
· Rising geriatric population base
Old age population is susceptible towards developing urology diseases. In the older years. High prevalence of chronic kidney disorders and increasing cases of stony concretions in urinary tract and bladder in old age people is propelling growth in the demand for surgical procedures, thereby, inducing growth in demand for urology lasers.
· Government investments on healthcare infrastructure
The increase in the funding by the federal government is set to drive the demand for urology lasers. Moreover, growth and expansion of healthcare industry being driven by both public and private players especially in the developing economies will create lucrative market growth opportunities.
Global Urology Laser Market Scope and Market Size
Furthermore, increasing focus of major manufacturers on integration and installation of advanced and modern technologies and growing demand for minimally invasive surgical procedures will extend profitable opportunities for the market players in the forecast period of 2022 to 2029. Additionally, rising awareness about the safety characteristics and effectiveness of these systems and reliability and safety features of these systems will further expand the urology laser market's growth rate in the future.
On the other hand, high cost associated with the research and development proficiencies, lack of awareness among the people in the underdeveloped economies regarding benefits, limited infrastructural facilities and high expenditure required for research and developmental activities are expected to obstruct market growth. Also, high cost of urology lasers and availability of substitute techniques/treatments/procedures are projected to challenge the market in the forecast period of 2022-2029.
Table of Contents: Global Urology Laser Market
1 Introduction
2 Market Segmentation
3 Executive Summary
4 Premium Insight
5 Market Overview
6 Covid-19 Impact on Urology Laser in Healthcare Industry
7 Global Urology Laser Market, by Product Type
8 Global Urology Laser Market, by Modality
9 Global Urology Laser Market, by Type
10 Global Urology Laser Market, by Mode
11 Global Urology Laser Market, by End User
12 Global Urology Laser Market, by Geography
13 Global Urology Laser Market, Company Landscape
14 Swot Analysis
15 Company Profiles
16 Questionnaire
17 Related Reports
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