The LAMEA Urology Laser Market would witness market growth of 8.5% CAGR during the forecast period (2023-2031).
The Brazil market dominated the LAMEA Urology Laser Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $39.8 million by 2031. The Argentina market is showcasing a CAGR of 9.1% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 8.1% during (2024 - 2031).
Urology lasers are proving effective in treating urethral strictures, which are narrowing of the urethra that can obstruct urine flow. Laser therapy can precisely target and remove scar tissue, widen the urethra, and restore normal urine flow. By employing this minimally invasive technique, the likelihood of complications and recovery duration can be significantly diminished compared to conventional surgical methods.
Urology lasers are being explored for their potential in treating other urological conditions, such as ureteral strictures and urinary stones. Due to their exceptional accuracy and adaptability, these instruments are highly advantageous for urologists as they empower them to customize therapies according to the specific requirements of each patient while ultimately enhancing overall results.
The growing demand for these systems in the LAMEA region is closely linked to demographic and health trends. According to the United Nations Economic Commission for Latin America and the Caribbean (ECLAC or CEPAL), population aging is a significant demographic phenomenon affecting the region. As of 2022, there are 88.6 million people aged 60 years and over in Latin America and the Caribbean, representing 13.4% of the total population. Thus, their growing demand in the LAMEA region is driven by population aging and the high prevalence of diabetes.
Based on Laser Type, the market is segmented into Holmium Laser System, Thulium Laser System, Diode Laser System, and Others. Based on Application, the market is segmented into Benign Prostatic Hyperplasia (BPH), Urolithiasis, Non-Muscle-Invasive Bladder Cancer (NMIBC), and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The Brazil market dominated the LAMEA Urology Laser Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $39.8 million by 2031. The Argentina market is showcasing a CAGR of 9.1% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 8.1% during (2024 - 2031).
Urology lasers are proving effective in treating urethral strictures, which are narrowing of the urethra that can obstruct urine flow. Laser therapy can precisely target and remove scar tissue, widen the urethra, and restore normal urine flow. By employing this minimally invasive technique, the likelihood of complications and recovery duration can be significantly diminished compared to conventional surgical methods.
Urology lasers are being explored for their potential in treating other urological conditions, such as ureteral strictures and urinary stones. Due to their exceptional accuracy and adaptability, these instruments are highly advantageous for urologists as they empower them to customize therapies according to the specific requirements of each patient while ultimately enhancing overall results.
The growing demand for these systems in the LAMEA region is closely linked to demographic and health trends. According to the United Nations Economic Commission for Latin America and the Caribbean (ECLAC or CEPAL), population aging is a significant demographic phenomenon affecting the region. As of 2022, there are 88.6 million people aged 60 years and over in Latin America and the Caribbean, representing 13.4% of the total population. Thus, their growing demand in the LAMEA region is driven by population aging and the high prevalence of diabetes.
Based on Laser Type, the market is segmented into Holmium Laser System, Thulium Laser System, Diode Laser System, and Others. Based on Application, the market is segmented into Benign Prostatic Hyperplasia (BPH), Urolithiasis, Non-Muscle-Invasive Bladder Cancer (NMIBC), and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
- Olympus Corporation
- Biolitec AG
- Stryker Corporation
- Boston Scientific Corporation
- Richard Wolf GmbH
- Cook Medical, Inc.(Cook Group)
- Karl Storz SE & Co. KG
- OmniGuide, Inc.
- Allengers Medical Systems Ltd.
- Becton, Dickinson and Company
Market Report Segmentation
By Laser Type- Holmium Laser System
- Thulium Laser System
- Diode Laser System
- Others
- Benign Prostatic Hyperplasia (BPH)
- Urolithiasis
- Non-Muscle-Invasive Bladder Cancer (NMIBC)
- Others
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. LAMEA Urology Laser Market by Laser Type
Chapter 5. LAMEA Urology Laser Market by Application
Chapter 6. LAMEA Urology Laser Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- Olympus Corporation
- Biolitec AG
- Stryker Corporation
- Boston Scientific Corporation
- Richard Wolf GmbH
- Cook Medical, Inc.(Cook Group)
- Karl Storz SE & Co. KG
- OmniGuide, Inc.
- Allengers Medical Systems Ltd.
- Becton, Dickinson and Company
Methodology
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