Prostate Laser Surgery Market Research Report: By Type (Photoselective Vaporization, Holmium Laser Ablation, Holmium Laser Enucleation), Indication (Benign Prostatic Hyperplasia), End User (Hospitals & Clinics, Medical Device Companies) - Global Forecast till 2023
Pune, India -- (SBWIRE) -- 09/06/2018 -- Market Research Future with their unique quality of simplifying the market research study, announces a deep study report on "Prostate Laser Surgery Market Research Report - Global forecast till 2023" Gives industry size, top players and worldwide demand
Prostate laser surgery is used for the treatment of enlarged prostate. The condition is known as benign prostatic hyperplasia. During prostate laser surgery, a scope is inserted through the tip of the penis into the urethra. A laser is used to shrink or remove excess tissue that is preventing the urine flow. Photoselective vaporization of the prostate, holmium laser ablation of the prostate, and holmium laser enucleation of the prostate are the different types of prostate laser surgery. Benign prostatic hyperplasia is also known as prostate gland enlargement is frequently found in older men. Prostate enlargement can cause uncomfortable urinary symptoms, and urinary tract or kidney problems.
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Urological diseases include benign prostatic hyperplasia, kidney stones, prostate problems, urinary tract infections, bladder control problems, and others. Different types of urological devices are present in the market and continuous development are been carried out so as to develop new and better instruments for the treatments. The global prostate laser surgery market is driven by rapid development and launch of new devices and rising prevalence of urological diseases.
Rising prevalence of benign prostatic hyperplasia and growing demand for minimally invasive medical procedures are major factors contributing to the market growth. Furthermore, rising expenditure on the medical devices and instruments by developing countries in Asia Pacific and the Middle East & Africa boost the market growth. However, high cost of treatment for skin diseases restrains the market. Additionally overall growth of medical device industry and increasing focus on strategic approaches are also other factors boosting the growth of the market. However, high of laser devices, and fierce competition among key players may restrain the growth of the market.
The global prostate laser surgery market is expected to grow at a CAGR of 7.2% during the forecast period.
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.).
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.
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
2.2 Scope Of The Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
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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