Pulmonology Lasers Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Quanta System, Hyper Photonics, Richard Wolf, Lumenis

The global Pulmonology Lasers Market is expected to grow at a CAGR of 11.5 during the forecast period 2022 – 2027.

Pulmonology Lasers Market Overview

Pulmonary lasers use a thermal - ablation approach with cutting and coagulation capabilities to treat airway tract complications. It can be used as a palliative or curative therapy to treat airway blockages brought on by neoplasms, tumors, lesions, and other problems. The primary factor driving the market is the laser therapy's ability to treat early-stage lung cancer and provide palliative treatment for central airway blockage caused by a variety of malignancies. Another contributing cause is that researchers are being forced by the rising incidence of cancer to develop medicines capable of keeping up with the evolving illness.

According to the World Health Organization, cancer is the biggest cause of death worldwide. Nearly 10 million cancer-related fatalities were estimated for 2020, 1.18 million of which were attributable to lung cancer. Since laser therapy is widely used to treat lung cancer in its early stages, the rising prevalence of lung cancer can be blamed for the market expansion. Additionally, the treatment of chronic obstructive lung illness brought on by exposure to tobacco smoke, indoor air pollution, and occupational dust, fumes, and chemicals is a common application for pulmonary lasers. According to the World Health Organization, COPD was the third most prevalent cause of death worldwide in 2019 with 3.23 million deaths. About 90% of COPD fatalities among those under 70 occur in low- and middle-income countries. Thus, throughout the course of the projection period, a sizable market expansion is anticipated as a result of the broad range of applications for pulmonology lasers.

Industry News and Updates

December 4, 2020: Olympus Grows Respiratory Portfolio with Acquisition of Veran Medical Technologies, Inc.--

Olympus Corporation today announced that it has entered into an agreement to acquire Veran Medical Technologies, Inc. (“VMT”), a leading provider of advanced medical devices specializing in interventional pulmonology, for up to USD 340 million. The acquisition will be implemented through Olympus subsidiary Olympus Corporation of the Americas (“OCA”), and will be the latest in a series of strategic acquisitions designed to strengthen Olympus’ position as a leading global medical device company.

What are the major Applications, Types and Regions for Pulmonology Lasers Market?

Market is segmented based on the type, applications, companies and regions.

By Type, it is segmented into

• Nd-YAG Laser


• Photodynamic Laser

By Application, it is segmented into

• Hospitals


• Speciality Care Centres


• Academic and Research Institutions

Pulmonology Lasers Market Regional Analysis

The market in North America is expected to develop the fastest during the forecast period, owing to an increase in the occurrence of lung cancer and increased R&D investments to improve the management and treatment of this illness in the region. The American Cancer Society estimates that in 2022, there will be around 236,740 new instances of lung cancer in the US, with 117,910 of those cases affecting males and 118,830 affecting women. A strong market participant presence is also anticipated to fuel market expansion in the region during the ensuing years.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Pulmonology Lasers Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Pulmonology Lasers Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Pulmonology Lasers Market report scope?

Key Takeaways from this Pulmonology Lasers Market Report

• Evaluate Pulmonology Lasers market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Pulmonology Lasers market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

Frequently Asked Questions

What is the growth rate of Pulmonology Lasers Market?

The Pulmonology Lasers Market is growing at a CAGR of 11.5% over the next 5 years.

Who are the key players in Pulmonology Lasers Market?

Quanta System, Hyper Photonics, Richard Wolf, Lumenis, Cook Medical, Edap Tms, Olympus Corporation, EMS, Cooltouch, Convergent Laser Technologies, AMS, Jena Surgical, Solar Laser Systems, Potent Medical, Candela Medical

What are the significant types of Pulmonology Lasers Market?

Nd-YAG Laser, Photodynamic Laser

What are the major end-use applications of Pulmonology Lasers Market?

Hospitals, Speciality Care Centres, Academic and Research Institutions

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