Global surgical lasers market was dominated by Lumenis (Israel), Cynosure, Inc. (U.S.), and Alma Lasers (Israel), among others.
The surgical lasers market is expected to reach USD 2.37 Billion by 2021 from USD 1.85 Billion in 2016; growing at a CAGR of 5.1% during the forecast period.
Increasing prevalence of chronic diseases, technological advancements in surgical lasers, increasing incidence and prevalence of targeted diseases, and high prevalence of ophthalmic disorders are the major factors driving the growth of this market. In addition, growing preference for minimally invasive surgeries are further adding to the growth prospects of this market.
Lumenis held the leading position in the global surgical lasers market, as of 2015.
The company offers a wide range of surgical laser products (such as UltraPulse DUO CO2 Surgical Laser, UltraPulse SurgiTouch, AcuPulse 40 WG, and Lumenis Pulse 30H) worldwide. The company adopted product launches as its key strategy to maintain its leading position in the global surgical lasers market. For instance, during 2013-2016, the company launched several innovative products such as OtoLase (September 2016) and UltraPulse DUO CO2 advanced laser platform for ENT applications (June 2016). Such initiatives helped the company to expand its product portfolio and to address unmet needs of its customers across major markets worldwide.
Cynosure, Inc. held a noteworthy position in the global surgical lasers market, as of 2015.
The company focused mainly on two major business strategies: technological development in aesthetic laser applications and capability expansion (through acquisitions and partnerships). In line with this strategy, in January 2016, Cynosure, Inc. launched SculpSure; a non-invasive body contouring product that uses patented light-based technology to eliminate fat cells without surgery. Similarly, in June 2013, Cynosure acquired Palomar Medical Technologies Inc. (U.S.) to strengthen its market presence in the U.S. medical lasers market.
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