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According to a new market research study titled 'Urology Laser Fibers Market to 2025 - Global Analysis and Forecasts by Type and Disease, the global urology laser fibers market is expected to reach US$ 870.5 Mn in 2025 from US$ 685.3 Mn in 2017. The market is estimated to grow with a CAGR of 3.2% from 2018-2025. The report highlights the trends prevalent in the global urology laser fibers market and the factors driving the market along with those that act as deterrents to its growth. The market is expected to grow due to due to the rising prevalence of kidney stone and prostate diseases, technological advancements, and increasing geriatric population with rising symptoms of urological disorders.
Healthcare is the most significantly growing market segment across the globe and the rise in the chronic diseases, growing ageing population are driving the need for the better healthcare facilities in the emerging nations. The emerging regions like Asia Pacific and Middle East are focusing more on the building the infrastructure with the latest technological equipment. The rising medical tourism, increasing adoption of the innovative technologies and rising demand for the best services at the local destinations anticipated to rising the investments for healthcare facilities across the globe. For instance, the government of the United Arab Emirates (U.A.E.) is opening up the policies to gain foreign investments so as to improve the healthcare standard and boost the healthcare industry. Along with the Middle East countries Asian countries are also extensively focusing to improve the healthcare facilities. Japan is the country with more number of the ageing population than any other developed countries and hence the market for the healthcare is expanding. Thus, the rise in the geriatric population will lead to more number of the urological cases and will eventually will drive the market for the urology laser fibers in the forecast period.
The urology laser fibers market is segmented into type and disease. Based on disease segment, the urology laser fibers market is classified into prostate disease, kidney disease, infection disease and bladder disease. In 2017, kidney disease segment held the largest share of the market and it is also expected to grow at the fastest rate during the coming years. This is primarily attributed to the increasing prevalence of kidney stones among population.
The major players operating in the market of urology laser fibers include Olympus Corporation, KARL STORZ SE & Co. KG, Richard Wolf GmbH, Boston Scientific Corporation, Cook, C. R. Bard, Inc., biolitec AG, ForTec Medical, Lumenis, Clarion Medical Technologies and among others. The global urology laser fibers market is highly competitive and driven by advanced methods of treatment and innovative methods. For instance, recently in March 2018, Luminous Ltd has announced the release of the clinical evidence in lithotripsy and the primary clinical benefits for benign prostatic hyperplasia (BPH) treatments by using the MOSES Technology. Additionally, the Cook offers the holmium laser fiber with the SmartSync technology that is used for stone fragmentation, incision, excision, ablation, and coagulation.
The report segments the global urology laser fibers market as follows:
Global Urology Laser Fibers Market - By Type
Global Urology Laser Fibers Market - By Diseases
Global urology laser fibers Market - By Geography
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