Prostate Laser Surgery is minimally invasive procedure used for the treatment of symptoms associated to benign prostatic hyperplasia (BPH) or enlargement of the prostate. The condition is found to be prevalent among the geriatric population across the globe. Laser surgery has various advantages such as speedy relief from symptoms, minimal post-operative complications, and minimal blood loss. It also reduces the time of stay at the hospital, providing faster recovery of the patient.
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Increasing prevalence of benign prostatic hyperplasia, rising awareness about urology disease, their diagnosis and treatment, and growing demand for technologically advanced medical devices are major drivers for the market growth. High cost of prostate laser surgery mat restrain the market growth in developing regions across the globe.
The global prostate laser surgery market is expected to grow at a CAGR of 7.2% during the forecast period.
Taste the market data and market information presented through more than 120 market data tables and figures spread over 200 pages of the project report. Avail the in-depth table of content (TOC) & market synopsis on “Prostate Laser Surgery market research report–Global forecast till 2023.”
Key Players
Some of the key players in this market are Olympus (Japan), Limmer Laser GmbH (Germany), Urologix, LLC. (U.S.), Boston Scientific Corporation (U.S.), Unique Medical Devices (India), JenaSurgical GmbH (Germany), KARL STORZ SE & Co. KG (Germany), Lumenis, Richard Wolf (U.S.), Medifocus Inc, and CoreTherm Medical Inc. (U.S.).
Segments
The global prostate laser surgery market is segmented on the basis of type, devices, indication, and end user.
On the basis of type, market is segmented into photoselective vaporization of the prostate, holmium laser ablation of the prostate, and holmium laser enucleation of the prostate.
On the basis of indication, market is segmented into benign prostatic hyperplasia, difficulty starting urination, slow urination, urinary tract infections, and others.
On the basis of end user, the market is segmented into hospitals & clinics, medical device companies, and others.
Regional Analysis of the Global Prostate Laser Surgery Market
America secures a leading position in the market for prostate laser surgery owing to the increasing demand for surgical devices used of treatment of various urology problems in the U.S. and presence of key market players. Concentration of key players in North America also boost the growth of the market. Additionally, rising healthcare expenditure also influences the growth of the market. According to the Centers for Medicare & Medicaid Services, in 2015, the U.S. healthcare spending is likely to increase 5.8% reaching USD 3.2 trillion.
Europe is the second largest market for prostate laser surgery. In Europe, Germany, and France are the largest contributors for the growth of the market owing to extensive demand for surgical devices. Furthermore, there is a rise in expenditure on research and development activities in the field of urology by the medical institutes, and research centers. Most of the key players are engaged in production differentiation through adoption of new technological approaches for manufacturing medical devices.
The market in Asia Pacific is expected to grow at the fastest pace and is driven by the rising geriatric population, rising prevalence of urinary tract disorders, and increasing number of surgical procedures in hospitals and tertiary care centers. India and Japan are the largest contributors to the development of the market owing to rising demand for technological advanced medical devices.
The Middle East & Africa also show a steady rise in the market owing to rising awareness about urinary tract diseases and available treatment options. In Africa, the market shows steady growth owing to an increasing focus on prevalence of chronic diseases, and overall growth in healthcare sector.
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BRIEF TABLE OF CONTENT
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restrains
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porters Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
5.1.2 Bargaining Power Of Buyers
5.1.3 Threat Of New Entrants
5.1.4 Threat Of Substitutes
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