Prostate Laser Surgery Market Application,Status, Emerging Technologies, Future and Trends by Forecast 2030
Prostate Laser Surgery Market Overview
Rising prevalence of urological disorders among men across the globe is the primary driver of the market. High incidences of urological disorders induce soaring demand for prostate laser surgeries which boosts the growth of the market. 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. Moreover, favorable reimbursement scenario for prostate laser surgeries fosters the growth of the market. Various insurers are cover prostate laser surgeries under health insurance policies which encourages patients to opt for laser procedures. Continuous R&D activities to develop new and advanced medical instruments along with approvals from FDA and regulatory bodies drive the market growth. However, the high cost of treatment and preference for other methods of treatment restrain the market growth significantly
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The prevalence of prostate disorders has become widespread, and Market Research Future (MRFR) perceives the growth of the global Prostate Laser Surgery Market Application to be healthy at a CAGR of 7.2% over the forecast period of 2022-2030. Spiraling incidences of urology disorders such as benign prostatic hyperplasia (BPH) or enlargement of the prostate induces high demand for prostate laser surgery. Such disorders are more common among the geriatric population. Rising geriatric population across the globe is a prime factor in shaping the growth of the global prostate laser surgery market.
Prostate Laser Surgery Market Segmentation
- 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.
Prostate Laser Surgery Market Players
- Medifocus Inc,
- CoreTherm Medical Inc. (U.S.),
- Lumenis,
- Richard Wolf (U.S.),
- Olympus (Japan),
- Limmer Laser GmbH (Germany),
- Boston Scientific Corporation (U.S.),
- JenaSurgical GmbH (Germany)
- Urologix, LLC. (U.S.),
- Unique Medical Devices (India),
- KARL STORZ SE & KG (Germany)
Prostate Laser Surgery Market Regional Analysis
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.
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