Surgical Lasers Market – Key Strategies Adopted by Leading Market Players
This report analyzes and studies the major market drivers, restraints, opportunities, and challenges in North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
(EMAILWIRE.COM, March 29, 2021 ) As of 2015, global surgical lasers market was dominated by Lumenis (Israel), Cynosure, Inc. (U.S.), and Alma Lasers (Israel), among others.
Lumenis held the leading position in the global surgical lasers market, as of 2015. The company offers a wide range of surgical laser products (such as UltraPulse DUO CO2 Surgical Laser, UltraPulse SurgiTouch, AcuPulse 40 WG, and Lumenis Pulse 30H) worldwide. The company adopted product launches as its key strategy to maintain its leading position in the global surgical lasers market.
For instance, during 2013-2016, the company launched several innovative products such as OtoLase (September 2016) and UltraPulse DUO CO2 advanced laser platform for ENT applications (June 2016). Such initiatives helped the company to expand its product portfolio and to address unmet needs of its customers across major markets worldwide.
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Cynosure, Inc. held a noteworthy position in the global surgical lasers market, as of 2015. The company focused mainly on two major business strategies: technological development in aesthetic laser applications and capability expansion (through acquisitions and partnerships). In line with this strategy, in January 2016, Cynosure, Inc. launched SculpSure; a non-invasive body contouring product that uses patented light-based technology to eliminate fat cells without surgery. Similarly, in June 2013, Cynosure acquired Palomar Medical Technologies Inc. (U.S.) to strengthen its market presence in the U.S. medical lasers market.
Moreover, during 2013-2016, majority of the leading players are adopting strategies such as product launches, product enhancements, acquisitions, and agreements to maintain or to strengthen their market position in global surgical lasers market.
The market players are also focusing on increasing their product portfolios by expanding their production capabilities and distribution networks to cater to the growing demand for surgical lasers. Other players operating in the surgical lasers market are Alma Lasers (Israel), Abbott Laboratories, Inc., (U.S.), Boston Scientific Corporation (U.S.), IPG Photonics Corporation (U.S.), Spectranetics Corporation (U.S.), Biolitec AG (Austria), Fotona d.o.o. (Slovenia), and BISON MEDICAL Co., Ltd. (South Korea), among others.
By application, the market is segmented into ophthalmology, dentistry, dermatology, cardiology, gynecology, urology, oncology, and other applications (liposuction, ENT, and GIT). The urology segment is expected to be the fastest-growing surgical laser application segment. Growth in this application segment can be attributed to the rising prevalence of urological disorders (such as kidney stones, renal cancer, and prostate enlargement), growing patient preference for minimally invasive urological surgeries, and ongoing technological advancements in surgical laser products.
North America is expected to hold the largest share of the global surgical lasers market, followed by Europe in 2016. However, the Asia-Pacific market is expected to grow at the highest CAGR from 2016 to 2021. Factors driving market growth in the Asia-Pacific region include the presence of a large patient population for target diseases (coupled with rapidly growing geriatric population), rising awareness among healthcare professionals related to the procedural benefits of surgical laser products, and increasing government initiatives to reduce the burden of ophthalmic disorders.
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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
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MarketsandMarkets™ INC.
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Lumenis held the leading position in the global surgical lasers market, as of 2015. The company offers a wide range of surgical laser products (such as UltraPulse DUO CO2 Surgical Laser, UltraPulse SurgiTouch, AcuPulse 40 WG, and Lumenis Pulse 30H) worldwide. The company adopted product launches as its key strategy to maintain its leading position in the global surgical lasers market.
For instance, during 2013-2016, the company launched several innovative products such as OtoLase (September 2016) and UltraPulse DUO CO2 advanced laser platform for ENT applications (June 2016). Such initiatives helped the company to expand its product portfolio and to address unmet needs of its customers across major markets worldwide.
Download PDF Brochure@
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=12712582
Cynosure, Inc. held a noteworthy position in the global surgical lasers market, as of 2015. The company focused mainly on two major business strategies: technological development in aesthetic laser applications and capability expansion (through acquisitions and partnerships). In line with this strategy, in January 2016, Cynosure, Inc. launched SculpSure; a non-invasive body contouring product that uses patented light-based technology to eliminate fat cells without surgery. Similarly, in June 2013, Cynosure acquired Palomar Medical Technologies Inc. (U.S.) to strengthen its market presence in the U.S. medical lasers market.
Moreover, during 2013-2016, majority of the leading players are adopting strategies such as product launches, product enhancements, acquisitions, and agreements to maintain or to strengthen their market position in global surgical lasers market.
The market players are also focusing on increasing their product portfolios by expanding their production capabilities and distribution networks to cater to the growing demand for surgical lasers. Other players operating in the surgical lasers market are Alma Lasers (Israel), Abbott Laboratories, Inc., (U.S.), Boston Scientific Corporation (U.S.), IPG Photonics Corporation (U.S.), Spectranetics Corporation (U.S.), Biolitec AG (Austria), Fotona d.o.o. (Slovenia), and BISON MEDICAL Co., Ltd. (South Korea), among others.
By application, the market is segmented into ophthalmology, dentistry, dermatology, cardiology, gynecology, urology, oncology, and other applications (liposuction, ENT, and GIT). The urology segment is expected to be the fastest-growing surgical laser application segment. Growth in this application segment can be attributed to the rising prevalence of urological disorders (such as kidney stones, renal cancer, and prostate enlargement), growing patient preference for minimally invasive urological surgeries, and ongoing technological advancements in surgical laser products.
North America is expected to hold the largest share of the global surgical lasers market, followed by Europe in 2016. However, the Asia-Pacific market is expected to grow at the highest CAGR from 2016 to 2021. Factors driving market growth in the Asia-Pacific region include the presence of a large patient population for target diseases (coupled with rapidly growing geriatric population), rising awareness among healthcare professionals related to the procedural benefits of surgical laser products, and increasing government initiatives to reduce the burden of ophthalmic disorders.
Request Sample Pages@
https://www.marketsandmarkets.com/requestsampleNew.asp?id=12712582
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Contact Information:
MarketsandMarkets™
Mr. Aashish Mehra
Tel: 1-888-600-6441
Email us
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MarketsandMarkets™
Mr. Aashish Mehra
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results