Surgical Medical Laser Systems Industry Is Set To Witness a High Growth Rate Of 9.2% and Reach US$ 7.68 Bn By 2032

The global surgical medical laser systems market is set to record a market value of US$ 3.18 Bn in 2022, with an indication of positive and rapid market growth rate at a CAGR of 9.2% over the forecast period (2022-2032). As such, worldwide sales of surgical medical laser systems are predicted to reach US$ 7.68 Bn by the end of 2032.

The entire world is facing health problems related to the rising outbreaks of various infectious & viral diseases, for which, viral antigens play a very crucial role. Investments in technology by government authorities as well as key market players support bringing in novel techniques to expand the production of antibodies in a host body.

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The introduction of viral antigens comes with several advantages such as ease of production & quality control, low level of toxicity, safe in case of oncogenic viruses, and feasibility if a virus cannot be cultivated. Thus, viral antigens are gaining the attention of researchers and clinicians, which is reflecting in the high market growth. In addition, advancements in image analysis software and informatics platforms for viral antigen detection are flourishing the development of vaccine research.

Fact.MR suggests that manufacturers need to invest in conducting clinical trials for further product improvisation. Key players need to introduce more immunogenic viral antigen vaccines than conventional inactivated whole-virus vaccines.

Key Takeaways from Market Study

• The global viral antigens market is projected to expand at an impressive CAGR of 8.2% and be valued at US$ 388.1 billion by 2032.
• The market expanded at 7.7% CAGR between 2017 and 2021.
• Under detection technique, ELISA is estimated to be valued at US$ 55.5 billion in 2022.
• North America dominated the global market with 49% share in 2021.
• Sales of viral antigens are expected to increase at CAGRs of 8.4% and 9.8%, respectively, in North America and East Asia.

“Development of numerous imaging modes is set to help researchers in capturing high-definition images and videos during viral antigen immunogenicity analysis,” says a Fact.MR analyst.

Why Do Surgical Medical Laser Systems Sell Well in the United States?

By revenue, the U.S. held a 90.7% market share of the North American market for surgical medical laser systems in 2021. In the same year, North America accounted for 43.5% of the global market. In the United States in 2020, 199,945 laser tattoo removal procedures were carried out, according to the American Society of Plastic Surgeons.

Demand for surgical medical laser systems in the United States will be fueled by customer desire to choose novel medical procedures, technological developments in surgical laser goods, highly developed healthcare infrastructure, and simple access to healthcare.

1.28 billion dollars were spent on surgical medical laser sales in the United States in 2021.

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Key Segments Covered in Surgical Medical Laser Systems Industry Research

• Surgical Medical Laser Systems Market by Product:
  • Solid-state Laser Systems
    • Holmium Yttrium Aluminium Garnet Laser (Ho:Yag) Systems
    • Erbium Yttrium Aluminium Garnet Laser (Er:Yag) Systems
    • Neodymium Yttrium Aluminium Garnet Laser (Nd:Yag) Systems
    • Potassium Titanyl Phosphate Laser Systems
    • Alexandrite Laser Systems
    • Ruby Laser Systems
  • Gas Laser Systems
    • Co2 Laser Systems
    • Argon Laser Systems
    • Krypton Laser Systems
    • Metal Vapor (Copper And Gold) Laser Systems
    • Helium – Neon (He-Ne) Laser Systems
    • Excimer Laser Systems
  • Dye Laser Systems
  • Diode Laser Systems

• Surgical Medical Laser Systems Market by Application:
  • Ophthalmology
  • Dermatology
  • Gynaecology
  • Dentistry
  • Urology
  • Cardiovascular
  • Others

• Surgical Medical Laser Systems Market by End User:
  • Hospitals
  • Specialty Clinics
  • Ambulatory Surgical Centres

• Surgical Medical Laser Systems Market by Region:
  • North America Surgical Medical Laser Systems Market
  • Latin America Surgical Medical Laser Systems Market
  • Europe Surgical Medical Laser Systems Market
  • East Asia Surgical Medical Laser Systems Market
  • South Asia Surgical Medical Laser Systems Market
  • Oceania Surgical Medical Laser Systems Market
  • Middle East & Africa Surgical Medical Laser Systems Market

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Market Development

Viral antigen suppliers are focusing on investing in research and development activities to amplify product development and gain a competitive edge in the market. Apart from that, mid-level and emerging players are competing with each other to gain fast approvals from government authorities to establish their products in the market.

Moreover, key players are investing in small start-ups and using diverse strategies such as mergers, acquisitions, partnerships, and joint ventures to maintain supremacy in the viral antigens market. The important aim behind this is to uphold a leading position in the market for viral antigens.

Key Market Players

• Lumenis
• Alcon
• Baush & Lomb
• IREDEX Corp.
• Photomedex, Inc.
• Philips (Spectranetics Corporation)
• Fotona
• Elforlight Ltd.
• Alma Lasers
• Accu-Tech Co., Ltd
• BISON MEDICAL Co., Ltd.
• ASUKA MEDICAL inc.
• Quantel Laser (Lumibird Medical)
• Nidek Co. Ltd.,
• Carl Zeiss Meditec AG.

Explore Fact.MR’s Coverage on the Healthcare Domain:

Surgical Suction Pumps Market: Surgical suction pumps are used to dispatch gases and bodily fluids, tissue and surgical fluids during or after the surgery. Surgical suction pumps have a daily application in hospitals. Surgical suction pump is used for wound drainage suction, vacuum-assisted delivery, liposuction, laparoscopy, urology, and endoscopy and arthroscopy procedures.

Surgical Hand-Access Port Market: Surgical hand-access port acts as a gateway, and helps the surgeon to insert surgical instruments or hand at the site of surgery. Surgical hand-access port is majorly used in laparoscopic surgeries. Minimal invasion surgery can be performed and peritoneal gas pressure can be maintained with the help of surgical hand-access ports.

Surgical and Interventional Cardiology Devices Market: Numerous surgical and intervention procedures are performed for treatment of cardiovascular disorders. Surgical and interventional cardiology devices are designed to maintain the natural rhythm of heartbeats. Due to unhealthy life style and increasing geriatric population the rate of heart attacks and cardiovascular disorder has increased immensely in recent years. According to WHO 31% deaths worldwide is due to cardiovascular disorder.

Surgical Integration Systems Market: Surgical integration systems are specially designed operating rooms that are equipped with surgical instruments and medical equipment such as surgical lights, cameras, microscopes, air management devices and screen displays. Surgical integration systems are designed to simplify and streamline the operating room by consolidating data and access to video.

Surgical Catheters Market: A surgical catheter is a medical device of thin tube-shaped, which is generally used to perform various surgical procedures in order to treat chronic diseases. Surgical catheters are inserted into body cavities and are used for diagnostic and therapeutic purposes.