Market Synopsis:
The technological developments in the healthcare sector are anticipated to have a favorable impact on the proliferation of the prostate laser surgery market over the next couple of years. As per the report offered by Market Research Future (MRFR), the global prostate laser surgery market is projected to mark a CAGR of 7.2% across the assessment period 2017 to 2023.
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The increasing patient population of prostatic hyperplasia is forecasted to fuel demand for effective treatment. In addition. People are getting aware of the adverse effects of the disease which is likely to aid the expansion of the market in the years to come. Healthcare sector is witnessing its boom which is poised to catalyze the growth of the global prostate laser surgery market over the next couple of years.
Market Segmentation:
Based on type, the global prostate laser surgery market has been segmented into holmium laser ablation of the prostate, photoselective vaporization of the prostate, and holmium laser enucleation of the prostate.
On the basis of indication, the prostate laser surgery market has been segmented into difficulty starting urination, slow urination, benign prostatic hyperplasia, urinary tract infections, and others.
The global prostate laser surgery market, by end-user, has been segmented into medical device companies, hospitals & clinics, and others.
Regional Analysis:
By region, the global prostate laser surgery market has been segmented into four regions, namely Americas, Europe, Asia Pacific, and the Middle East & Africa (MEA). Americas is the largest regional segment in the global market and is likely to maintain its forefront position through the assessment period. The growth of the region can be attributed to the developments of the U.S. market. The consolidation of global market players in the region is expected to catapult the prostate laser surgery market on upward trajectory. In addition, the technological innovations brought by the urological device manufacturers, coupled with increasing healthcare expenditure, is poised to facilitate the proliferation of the market in the years to come.
Europe is the second leading region of the global market place. It is anticipated to benefit from the rising investments in research & development of effective treatment. Also, the developments in the minimally invasive surgeries are anticipated to support the proliferation of the prostate laser surgery market over the next couple of years.
Asia Pacific is prognosticated to strike a comparatively higher CAGR over the review period. Increasing number of surgical procedures and the developmental plans for the healthcare sector executed by the governments are projected to aid the proliferation of the prostrate laser surgery market across the assessment period. The increasing patient burden of urinary tract disorders is expected to boost the revenue growth of the regional market over the next couple of years. Meanwhile, the Middle East & Africa is forecasted to exhibit limited growth in the nearby future.
Competitive Dashboard:
The key players profiled for the share analysis of the global prostate laser surgery market are Limmer Laser GmbH (Germany), Olympus (Japan), Urologix, LLC. (U.S.), Unique Medical Devices (India), JenaSurgical GmbH (Germany), Boston Scientific Corporation (U.S.), KARL STORZ SE & Co. KG (Germany), Medifocus Inc, Lumenis, Richard Wolf (U.S.), and CoreTherm Medical Inc. (U.S.).
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Laser surgery has various advantages such as speedy relief from symptoms, minimal post-operative complications, and minimal blood loss.
High cost of prostate laser surgery mat restrain the market growth in developing regions across the globe.Request Sample Copy:https://www.marketresearchfuture.com/sample_request/5108The global prostate laser surgery market is expected to grow at a CAGR of 7.2% during the forecast period.
Taste the market data and market information presented through more than 120 market data tables and figures spread over 200 pages of the project report.
Avail the in-depth table of content (TOC) & market synopsis on “Prostate Laser Surgery market research report–Global forecast till 2023.”Major Players in Prostate Laser Surgery Market:Some of the key players in the global market are Olympus (Japan), Limmer Laser GmbH (Germany), Urologix, LLC.
(U.S.), Boston Scientific Corporation (U.S.), Unique Medical Devices (India), JenaSurgical GmbH (Germany), KARL STORZ SE & Co. KG (Germany), Lumenis, Richard Wolf (U.S.), Medifocus Inc, and CoreTherm Medical Inc. (U.S.)Regional AnalysisAmericas is the largest market for prostate laser surgery Market owing to the flourishing growth of medical device industry, and increasing demand for surgical devices used of treatment of various urology problems.
According to the Centers for Medicare & Medicaid Services, in 2015, the U.S. healthcare spending is likely to increase 5.8% reaching USD 3.2 trillion.Europe, Germany, and France are the largest contributors for the growth of the market owing to extensive research and development activities in the field of urology by the medical institutes, and research centers.
Prostate Laser Surgery Market Research Report: By Type (Photoselective Vaporization, Holmium Laser Ablation, Holmium Laser Enucleation), Indication (Benign Prostatic Hyperplasia), End User (Hospitals & Clinics, Medical Device Companies) - Global Forecast till 2027The global prostate laser surgery market has been on an upward trajectory and is expected to reach a significant valuation by the end of the forecast period of 2017 – 2023, reveals Market Research Future (MRFR) in a minutely analyzed research report.
Moreover, towering demand for minimally invasive surgeries which requires very less incision is a crucial factor supporting the growth of the global prostate laser surgery market.
By indication, the market has been segmented into benign prostatic hyperplasia, difficulty starting urination, slow urination, urinary tract infections, and others.
The Americas account for the lion's share of the market owing to the heightened demand for laser treatment for various urology problems and presence of a robust healthcare sector in the region.
The region experiences steep demand for laser surgical devices owing to the high expenditure on healthcare.
Most of the key players in the region are engaged in product differentiation through the adoption of new technologies.
