Global Urology Laser Market Size, Share, Growth Analysis, By Laser(Holmium Laser System, Diode Laser System), By Application(Benign Prostatic Hyperplasia (BPH), Urolithiasis) - Industry Forecast 2024-2031

Global Urology Laser Market size was valued at USD 1.05 Billion in 2022 and is poised to grow from USD 1.12 Billion in 2023 to USD 1.86 Billion by 2031, at a CAGR of 6.5% during the forecast period (2024-2031).

The growth of the urology laser market is mainly driven by several key factors. First, there is a notable increase in the number of patients with urinary-related disorders, which is driving the need for advanced treatment options. Second, more and more people prefer minimally invasive surgical techniques in the field of urology. This trend is particularly evident in the use of Holmium and Thulium laser processing systems. These systems have many advantages, including rapid efficacy, safety, and postoperative recovery. The demand for these laser systems is increasing because the minimally invasive approach provides good results with minimal treatment side effects such as shorter hospital stays, reduced blood loss. A small incision causes pain all over the body. Therefore, the efficacy and safety profile of these systems are likely to drive the growth of the overall urological laser market.

Also, the increasing prevalence of diabetes globally is having a huge impact on the market. According to a report by the International Diabetes Federation, cases of diabetes are on the rise, especially in low- and middle-income countries. The presence of diabetes often leads to urinary disorders, thereby increasing the need for laser treatment in urology. In addition, advances in technology have expanded the reach of laparoscopy in the urological market. Laser technologies are increasingly being used to treat conditions such as benign prostatic hyperplasia and as an intramuscular lithotripsy. These laser systems offer a variety of benefits, including reduced patient discomfort, improved accuracy and precision, and shorter recovery times, which are expected to drive market leadership. In addition, the market is booming due to increased investment in artificial intelligence (AI), automation and robotics. In particular, recent developments such as Boston Scientific's FDA-approved LithoVue Ureteroscope System designed for intrarenal pressure monitoring illustrate the industry's commitment to advancing technology and developing premium products to meet changing medical needs. This concerted focus on technological advancement among the major players in the market is further driving the market demand.

US Urology Laser Market is poised to grow at a sustainable CAGR for the next forecast year.