Nephrology Lasers Market Size

Nephrology Lasers Market size was valued at USD 6.7 Billion in 2023 and is anticipated to reach USD 28.23 Billion by the end of 2036, registering around 11.7% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of nephrology lasers is assessed at USD 7.48 Billion. The growth of the market can primarily be attributed to the increasing expenditure on healthcare services worldwide along with the growing concern about various diseases globally. According to the Centers for Medicare & Medicaid Services, the National Health Expenditure data (NHE), in the United States in 2020 grew by 9.7% to USD 4.1 trillion, which accounted for 19.7% of Gross Domestic Product (GDP).

Nephrology lasers are typically used for laser lithotripsy, which is a procedure to break apart kidney stones in the urinary tract. The advancements in laser devices used in lithotripsy and the rising prevalence of kidney stone diseases worldwide are projected to boost the nephrology lasers market in the upcoming years.