The urology laser fibers market is estimated to account for US$ 870.5 Mn by the end of 2025, escalating at a CAGR of 3.2% during the forecast period from 2018 to 2025, rising from US$ 685.3 Mn in 2017. The factors such as rising prevalence of kidney stone and prostate diseases, increasing geriatric population with rising symptoms of urological disorders are anticipated to fuel the growth of the global urology laser fibers market.
However, the requirement for stringent regulatory validation expected to hinder the growth of the urology laser fibers market. On the other hand, rise in the investments for healthcare facilities in the developing nations anticipated to act as a booster for the growth of the urology laser fibers market.
The urology laser fibers market was estimated through extensive primary and secondary sources that included a vast array of government authorized websites such as American Urological Association (AUA), National Urology Research Agenda (NURA), Benign Prostatic Hyperplasia (BPH), China Food and Drug Administration (CFDA), Center for Devices and Radiological Health (CDRH), Holmium Laser Resection of the Prostrate (HoLRP) and others.
The primary respondents included chair-holders and representatives of the demand and supply side for healthcare industries as well as medical professionals at various urology laser fibers companies, hospitals, and research centers.
Market Segmentation
In the urology laser fibers market, the disposable laser fibers segment is expected to the fastest growing segment in the forecast period, by types. The disposable laser fibers are used for single use, they are designed to go through a fully glanced scope without damaging the scope liner or the optics.
For instance, Boston Scientific Corporation offers Xpeeda D/S/L Dual wavelength fiber single use or a disposable laser fiber that consists side firing, dual wavelength, SIS enabled fiber and also they can deliver more energy to the tissues than other fibers.
Moreover, the Lumenis Ltd offers SlimLine EZ disposable laser fibers which are fire compatible and have the holmium and Nd: YAG wavelength which provides great convenience and high safety than the reusable fibers.
Regional Overview
The emerging nations such as Asia Pacific and Middle East are focusing more on building the infrastructure with the latest technological equipment. Most of the patients from these region were visiting to the developed regions like North America and Europe for treatments and the overall expenses were much higher.
However, the rise of the medical tourism and adoption of the latest technologies, rise in the demand for the best services at the local destinations are leading market players to launch their products in the emerging markets. In addition, the local government are investing more to develop the healthcare facilities in their countries.
For instance, the government of the United Arab Emirates (U.A.E.) is opening up the policies to gain foreign investments so as to improve the healthcare standard and boost the healthcare industry. The demand for the improved facilities are leading to the emergence of the opportunities for the new business.
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