The Business Research Company’s Urological Medical Lasers Market 2022 – Opportunities and Strategies – Global Forecast to 2031
LONDON, GREATER LONDON, United Kingdom, July 20, 2022 /EINPresswire.com/ — Companies in the urological medical laser market are increasingly opting for mergers and acquisitions to improve their product portfolio, strengthen their presence geographic and driving the growth of the urological medical lasers market. For example, in March 2021, Boston Scientific acquired the surgical business of Lumenis for $1.07 billion. Lumenis’ surgical division focuses on urology and otolaryngology. Lumenis has a long-standing relationship with Boston Scientific, and the Lumenis line of urology lasers is already available in the United States and Japan. Boston Scientific will commercialize these lasers and fibers, as well as Lumenis’ otolaryngology laser portfolio, in all territories after the transaction closes, and will add Lumenis’ surgical laser staff and center of excellence to his wallet. Additionally, in May 2021, Olympus Corporation acquired Medi-Tate, an Israeli medical device company that develops and sells benign prostatic hyperplasia (BPH). Olympus strengthens its pioneering position in urology equipment by expanding its business line to include in-office treatment of benign prostatic hyperplasia (BPH). According to the analysis of the urological medical lasers market, the growth in merger and acquisition activities will drive the growth of the market during the forecast period.
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The global urological medical laser market size is expected to grow from USD 0.91 billion in 2021 to USD 1.16 billion in 2026 at a rate of 5.1%. The global urology medical laser market share is then expected to grow at a CAGR of 5.3% from 2026 and reach $1.51 billion by 2031.
The adoption of big data and artificial intelligence is an emerging trend in the urology medical laser market. Recent developments in artificial intelligence (AI) have had a significant impact on the healthcare industry. In urology, AI has been widely implemented to treat many urological disorders such as benign prostatic hyperplasia, urothelial and prostate cancer and perform procedures in urolithiasis, pediatric urology, l urogynaecology, infertility and reconstructive surgery. Improvements in Big Data Analytics have raised expectations about the future of urology. Big data in healthcare refers to digitally accumulated patient data collected from many sources, including EHRs, medical imaging, and genomic sequencing, which aid in the early diagnosis, treatment, and management of various urological conditions.
Key Players Covered in Global Urology Medical Lasers Industry are Olympus Corporation, Boston Scientific Corporation, Lumenis Ltd., Richard Wolf GmbH, Quanta System SpA
The TBRC Urology Medical Lasers market report is segmented by Laser Type into Holmium Laser System, Diode Laser System, Thulium Laser System, Others, by Application to Benign Prostatic Hyperplasia (BPH), Urolithiasis, non-muscle invasive bladder cancer (NMIBC), others, by end user in hospitals, clinics, others.
Urologic Medical Lasers Market 2022 – By Laser Type (Holmium Laser System, Diode Laser System, Thulium Laser System), By Application (Benign Prostatic Hyperplasia (BPH), Urolithiasis, Non-Muscle Invasive Bladder Cancer (NMIBC) )), by End-User (Hospitals, Clinics), and by Region, Opportunities, and Strategies – The Global Forecast to 2031 is part of a series of new reports from The Business Research Company that provides an overview of the Medical Lasers Market Urology Medical Lasers Market Forecast Urology Medical Lasers Market Size and Growth for Overall Market, Urology Medical Lasers Market Segments, Geographies, Urology Medical Lasers Market Trends, Urology Medical Lasers Market Drivers, Constraints , revenues, profiles and market shares of key competitors.
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