LONDON--(BUSINESS WIRE)--Technavio’s latest report on the global surgical lasers market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
The research study by Technavio on the global surgical lasers market for 2017-2021 provides a detailed industry analysis based on the application (ophthalmology, gynecology, urology, and ENT), product (diode laser, solid state laser, gas laser, and dye laser), end-user (hospitals and ambulatory surgical centers), and geography (the Americas, EMEA, and APAC).
Surgical lasers are used to facilitate tissue cutting during the minimally invasive (MI) procedures. Surgical lasers involve the use of a laser scalpel and soft-tissue laser surgery, in which the laser beam vaporizes soft tissue with high water content. Technavio analysts forecast the global surgical lasers market to grow at a CAGR of more than 9% over the forecast period.
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The top three emerging trends driving the global surgical lasers market according to Technavio healthcare and life sciences research analysts are:
- New product launches
- Increase in M&A
- Growing demand for femtosecond lasers
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New product launches
“Vendors are increasingly focusing on the development and launch of new surgical laser devices. New product launches coupled with increased R&D activities will enable the vendors to sustain in the market and to enhance their growth,” says Barath Palada, a lead analyst at Technavio for orthopedics and medical devices research.
Vendors such as Boston Scientific, LUMENIS, biolitec, Fotona, and BISON MEDICAL are vigorously involved in the development of innovative devices for improving the efficacy of surgical lasers procedures. OmniGuide’s VELOCITY High-Performance CO₂ Laser Fiber is among the latest product launches in the market. It offers precision cutting with increased speed which can minimize the procedure time while maintaining micron-level thermal spread.
Increase in M&A
The vendors are increasingly focusing on pursuing inorganic growth strategies such as acquisitions and partnerships to expand their presence and improve their expertise in the market. Such initiatives will further allow driving growth and profitability in the market. Most acquisitions are beneficial to both the parties in terms of advancement in respective divisions and help both the companies to grow parallelly on the same plane.
The mergers between Hologic and Cynosure, Johnson&Johnson and Abbot Medical Optics, Boston Scientific and American Medical Systems, and Abbot Medical Systems and OPTIMEDICA are expected to have a positive impact on the market and lead to steady growth. These strategies allow the vendors to quickly penetrate the market by leveraging the products of acquired player.
Growing demand for femtosecond lasers
“The growing preference of femtosecond lasers in ophthalmology has significantly increased over the last decade and contributed toward the development of innovative procedures. The ultra -short infrared laser pulses of the femtosecond laser treatment for minimal collateral tissue damage makes its suitable for ophthalmic surgery,” says Barath.
The growing usage of femtosecond (FS) during the flap creation in LASIK is the most popular application of the laser. Furthermore, the enhancement of the FS in the corneal refractive procedures, lamellar and full- thickness corneal transplantation, and cataract surgery has gained significant popularity. Thus, the growing demand for FS lasers will contribute toward the surgical lasers market growth during the forecast period.
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