Laser Fiber in Medical Market Size, Share, Growth, and Industry Analysis, By Type (Single-Use Laser Fiber in Medical & Reusable Laser Fiber in Medical), By Application (Urology, OB/GYN, Vein Treatment, Endoscopic Surgery, Dermatology, Plastic Surgery, & Others) and Regional Forecast to 2032

LASER FIBER IN MEDICAL MARKET REPORT OVERVIEW

The global Laser Fiber in Medical Market Size was USD 988.71 million in 2024 and the market is projected to touch USD 1991.63 million by 2032, exhibiting a CAGR of 10.5% during the forecast period.

Laser fiber is a flexible fiber-optic delivery system. It is used for relaying laser energy at surgical spots. These systems are used for removing atherosclerotic plaques and destroying cancer cells. Laser fibers are supportive in diagnosis of neurological, dermatological, gynecological disorders and other disorders. Low energy fiber system is used for irradiation of blood and poorly healing wounds.

Rising demand for non-invasive surgical procedures and increasing use of laser fiber in diagnostic procedures are cheering market expansion. Rapid embracing of highly developed laser fiber technologies are providing opportunities for market players to grow further.

COVID-19 Impact: Market Growth Impelled by Pandemic due to Rise in Demand Laser Surgeries

The habitual healthcare services remained suspended to curb the spread of infection. But the medical lasers market did not witness a drastic decline compared to other sectors. There was an invasion of patients seen for laser surgeries such as refractive, urology treatments, and cardiovascular. The medical laser witnessed a spike in demand although the overall market experienced a decline in revenue due to decline in demand for overall medical laser services.

LATEST TRENDS

"Improving Diagnosis in Pediatric Patients with Urinary Stones Enhance Market Growth"

A new thulium fiber laser system is trending in the market which provides better outcomes in treatment of urinary stones of pediatric patients. The TFL technology used can also reduce the operating time. The fibers used here are much smaller, which enable miniaturization possibilities. They are energy resistant and more flexible. This kind of lasers creates an opportunity for the manufacturers to expand the production.

LASER FIBER IN MEDICAL MARKET SEGMENTATION

By Type

Based on type the market can be categorized into Single-Use Laser Fiber in Medical & Reusable Laser Fiber in Medical

• Single-Use Laser Fiber in Medical: These fibers are designed for one-time use and are disposed of after a single procedure and they offer convenience but may be less cost-effective.
• Reusable Laser Fiber in Medical: These fibers are designed to be sterilized and reused for multiple procedures, offering cost savings and environmental benefits.

By Application

Based on application the market can be categorized into Urology, OB/GYN, Vein Treatment, Endoscopic Surgery, Dermatology, Plastic Surgery, & Others

• Urology: Medical laser is used in management of urological diseases such as benign prostatic enlargement, and others.
• OB/GYN: In OB/GYN, the laser fiber is used for the development of surgery of the external genitals, uterine cavity, and others.
• Vein Treatment: In vein treatment, the laser fiber is inserted into the vein through a small incision in the skin which used to heat up and destroy the vein from the inside.
• Endoscopic Surgery: In endoscopic surgery, the laser fiber is used with short shots of a second typical at 50-8- W. The laser fiber is held away from the surface of the target to vaporize and coagulate tumor tissue under direct vision.
• Dermatology: In dermatology, the laser fiber is used in reducing and removing facial wrinkles, acne scars and sun-damaged skin.
• Plastic Surgery: In plastic surgery, the laser fiber used in laser resurfacing will remove the outer layer of skin, called the epidermis.
• Others: There are other application areas where this laser fiber is used such as lithotripsy, laser surgery, and other medical procedures.

DRIVING FACTORS

"Rising Implementation of the Minimally Invasive Surgeries Propel Market Growth"

Major growing factor for the Laser Fiber in Medical Market Growth is due to rising execution of minimally invasive surgeries propelling market growth. It is used to clean blood vessels which help to lessen bleeding in the course of surgery. These fibers allow for precise deliverance of laser energy to the target tissue. Through this laser fiber there is very less tissue damage which increases the demand for the products and enhances the market growth. Hence, this factor is highly supportive in the market growth.

"Rising Chronic Diseases Enhancing Market Growth"

Another factor which is propelling the market growth is the rising pervasiveness of chronic disease in the population. Medical laser fibers are probed for a variety of potential applications in the treatment of chronic diseases. They provide high-intensity laser light to cancer cells that annihilate cells avoiding hurting adjacent tissue. These lasers render high resolution, deep penetrations, and high contrast for applications that aid in medical evaluation.

RESTRAINING FACTOR

"High Cost of Medical Laser in Surgical Procedures Impede Market Growth"

The limiting factor for the market growth is the high cost of medical laser in surgical procedures that impedes the market growth. The high cost associated with medical laser surgery procedures limits their adoption in emerging markets. The reusable laser fibers have a risk of a flexible scope which results in expensive repair costs. Sometimes, patients may also have infections at the place of treatment and skin can be damaged due to the muscle tissues being disturbed. Depending on laser wavelength, it may pose risk for the eyes of the doctors and nurses in the laser treatment room if exposed. These factors restrict the growth of the global medical laser fiber market.

 LASER FIBER IN MEDICAL MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"North America Dominates the Market due to Existence of Majority of Vendors "

The North America region is dominating the Laser Fiber in Medical Market Share due to the existence of major vendors in this region. Technological implementation in medical devices and government funding to endorse innovations in the healthcare sector encourages the market growth in this region. The exponential growths of aesthetic and cosmetic procedures are propelling market expansion. The Asia Pacific is witnessing a quick growth rate because of the increasing healthcare facilities and growing number of laser centers. Growing demand for anti-aging treatment and rising number of hair removal procedures are sustaining demand for medical lasers.

KEY INDUSTRY PLAYERS

"Key Players Transforming the Laser Fiber in Medical Landscape through Investment on R&D and Strategy Partnership"

Many prominent industry players are operating in this market focused on strong investment in R&D and extensive product portfolios and distribution networks. However, there are many companies in the market that use some techniques such as merger, acquisitions, partnership and using new advanced technologies for producing and developing new products and stay ahead in the market.

List of Market Players Profiled

• Boston Scientific (U.S.)
• C. R. Bard (U.S.)
• Cook Medical (U.S.)
• Olympus (Japan)
• Lumenis (Israel)
• Spectranetics (U.S.)
• MED-Fibers (U.S.)
• Biolitec (Germany)
• Dornier (Germany)
• ForTec Medical (U.S.)
• Clarion Medical (Canada)
• Hecho Technology (India)
• Nanjing Chunhui (China)
• Wuxi Dahua Laser (China)
• Accutech (U.S.)
• Curestar (India)
• Beijing L.H.H. Medical (China)
• Raykeen (China)
• Shenzhen Xinrui (China)
• Realton (China)
• Dponlaser (U.K.)
• JIONTO (China)
• Blueray Med (China)

INDUSTRIAL DEVELOPMENT

May 2021: Lumenis Ltd. announced its partnership with the prestigious Harrods Wellness Clinic. In this partnership, Harrods will equip its aesthetic clinic with the Stellar M22.

REPORT COVERAGE

This report is based on historical analysis and forecast calculation that aims to help readers get a comprehensive understanding of the global laser fiber in medical market from multiple angles, which also provides sufficient support to readers’ strategy and decision-making. Also, this study comprises a comprehensive analysis of SWOT and provides insights for future developments within the market. It examines varied factors that contribute to the growth of the market by discovering the dynamic categories and potential areas of innovation whose applications may influence its trajectory in the upcoming years. This analysis encompasses both recent trends and historical turning points into consideration, providing a holistic understanding of the market’s competitors and identifying capable areas for growth.

This research report examines the segmentation of the market by using both quantitative and qualitative methods to provide a thorough analysis that also evaluates the influence of strategic and financial perspectives on the market. Additionally, the report's regional assessments consider the dominant supply and demand forces that impact market growth. The competitive landscape is detailed meticulously, including shares of significant market competitors. The report incorporates unconventional research techniques, methodologies and key strategies tailored for the anticipated frame of time. Overall, it offers valuable and comprehensive insights into the market dynamics professionally and understandably.