Surgical Lasers Market To Experience Major Revenue Boost In Near Future
Seeking Alpha Analyst Since 2014
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Summary
- Emerging Markets.
- Growing Trend of Medical Tourism.
Target Audience for This Study:
# Surgical laser product manufacturing companies
# Product suppliers and distributors
# Healthcare service providers [including hospitals, specialty clinics, and ambulatory surgery centers (OTC:ASCS)]
# Research laboratories and academic institutes
# Clinical research organizations (CROS)
# Government regulatory authorities
# Independent authorities and non-government organizations
# Market research and consulting firms
# Venture capitalists
What the Market Looks Like?
The surgical lasers market is expected to reach USD 2.37 Billion by 2021 from USD 1.85 Billion in 2016; growing at a CAGR of 5.1% during the forecast period.
Download PDF Brochure @Surgical Lasers Market
Global Geographical Scenario:
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.
What Drives the Market?
The growth of the global Surgical Lasers Industry is primarily influenced by the following factors:
# Technological Advancements
# Increasing Incidence and Prevalence of Targeted Diseases
# High Prevalence of Ophthalmic Disorders
# Growing Preference for Minimally Invasive Surgeries
# Growing Public-Private Investments and Funding
Major Growth Restraints:
# High Procedural Costs Associated With Laser Surgeries
# Limited Medical Reimbursements
# Stringent Government Regulations
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