Laser surgeries are type of surgeries that are performed by using laser beam to make bloodless cuts in tissue or to remove different types of lesions such as skin lesions (Macule and Vesicle). Laser beams are strong beam of light produced by using either solid, liquid or gas materials. The laser beam is used to treat tissues by heating the cells until they burst; thereby destroying damaged and affected cells. On the basis of application or surgery and color of the tissue, different laser beams are used namely carbon dioxide lasers, YAG laser and pulse dye laser. Lasers are used to perform number of surgical procedures including breast surgery, hernia repair and treatment of pilonidal cyst. Lasers are increasingly use in large number of complex treatments with minimal blood loss, decreased patient comfort, decrease chances of infection and reduce extent of surgery. Moreover laser beams have high ability to penetrate tissue by adjusting wavelength of light which make them capable of use in range of medical problems.
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Lasers are either used alone or with regular surgical instruments for restoring normal functioning of tissues and cells. These lasers are increasingly used in surgical procedures with increase in demand for minimal invasive surgical procedures. Lasers are frequently used in lithotripsy, ophthalmology, and oncology, cosmetic and dermatological procedures. The unique ability of lasers to target specific cells and tissues made them a powerful tool in large number of aesthetic procedures. The specific wavelengths of laser beam induce soft tissue actions by penetrating in tissues to treat damaged skin without affecting surrounding undamaged skin. Aesthetic lasers technologies have changed the traditional methods available to dermatologist for getting rid of unwanted hairs, minimizing body scars, pores and acnes. Although lasers are single wavelength of light, they are capable of inducing strong improvements and changes in skin with relatively low time and complications.
High prevalence of chronic diseases, increasing geriatric population coupled with rise in ophthalmic disorders and rise in demand for minimal invasive surgeries is expected to propel growth of the market. According to World Health Organization in 2010, around 524 million people were aged 65 and above and this number is expected to triple and reach 1.5 billion by 2050. Between 2010 and 2050, the aging population in developing countries is expected to increase with more than 250 percent as compared to 71 percent increase in developed countries. Such high prevalence of elderly population will increase demand for surgical lasers. Furthermore, rapid technological advancements in the field of laser surgeries will fuel growth of the market in coming years. However, high cost of laser surgeries and limited reimbursement policies are expected to hamper growth of the surgical lasers market.
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Some of the key players operating in the global market include Lumenis, Alma Lasers, Cynosure Inc., IPG Photonics Corporation, Spectranetics Corporation, Inc., Biolitec AG, and BISON MEDICAL .These players are focusing on either upgrading existing product or new product development to gain competitive edge over other players in the market leading to larger market share. For instance in September 2016, Alma Lasers has launched third generation platform known as LipoLife 3G which offers integrated platform for liposuction, skin grafting and tightening. LipoLife 3G is advanced liposuction technology with minimal bleeding and quick patient recovery time.
Emerging markets such as India, China and Brazil are expected to provide lucrative growth opportunities for market players owing to increasing demand for aesthetic procedures and increasing population base opting for laser surgeries. Moreover increasing preference for laser and aesthetics surgeries among male population will allow market players to capture large opportunities in this segment. According to study conducted by American Society of Plastic Surgeons in 2015, around 68,106 aesthetic breast reduction surgeries were performed in U.S. and men accounted for nearly 40% of breast reduction procedures. Such growing preference among male population will enhance overall surgical laser market.
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