Nephrology Lasers Market Trends

  • Report ID: 4350
  • Published Date: Jun 24, 2024
  • Report Format: PDF, PPT

Nephrology Lasers Market Trends

Growth Drivers

  • Less Procedural and Recovery Time Required for Laser Surgeries - The time taken for lithotripsy and ureteroscopy with the help of lasers is estimated to be short, which is expected to drive the demand for nephrology lasers in the forecasted period. According to estimates, the time taken to perform an upper endoscopy is only 30 to 40 minutes.

  •  Rising Prevalence of Chronic Kidney Disease (CKD) - According to estimates, in 2019, the prevalence of CKD was more than 13% around the globe.

  • Upsurge in the Demand for Minimally Invasive Surgeries – According to the International Society of Aesthetics Plastic Surgeries (ISAPS), in the year 2020, a total of 10,129,528 aesthetic surgical procedures were performed worldwide.

  • Growing Geriatric Population - According to the United Nations World Population Prospects 2019, 1 in 11 people in the world are over the age of 65 in the year 2019. It will become 1 in 6 people by 2050.

  • Increasing Cases of Diabetes - The Centers for Disease Control and Prevention revealed the latest data from the National Diabetes Statistics Report 2022, according to which more than 37 million people were suffering from diabetes in the United States in 2020.

Challenges

  • Possibilities of Bladder or Urethral Muscle Spasms - as laser therapy may result in excessively intense burns, bleeding from the choriocapillaris, and damage to macular and other ocular structures. The damage can cause muscle spasms restraining the demand for nephrology laser therapy.
  • Concerns Associated with the Use of Ureteral Access Sheath (UAS)
  • High Cost Involved in the Surgical Procedures

Nephrology Lasers Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

11.7%

Base Year Market Size (2023)

USD 6.7 Billion

Forecast Year Market Size (2036)

USD 28.23 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of Middle East and Africa)
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Browse Key Market Insights with Data Illustration:


Author Credits:  Radhika Pawar


  • Report ID: 4350
  • Published Date: Jun 24, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of nephrology lasers is assessed at USD 7.48 Billion.

The 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. The increasing prevalence of chronic kidney diseases as well as the rising cases of kidney stone diseases along with increasing cases of diabetes are some of the major factors anticipated to drive the growth of the market.

North America is projected to account for largest industry share by 2036, backed by rising number of obese people in the region resulting in increased medical costs spent on obesity.

Quanta System S.p.A., Boston Scientific Corporation (BSC), Lumenis Be Ltd., Cook Group Incorporated, Hyper Photonics S.R.L, AMS Group, Convergent Laser Technologies, Potent Medical, Asclepion Laser Technologies GmbH, Solar LS
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