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The global pulmonology lasers market is expected to grow from USD 4.96 billion in 2022 to USD 13.23 billion by 2031, at a CAGR of 11.52% during the forecast period 2023-2031. The North American region is expected to dominate the market in 2022.
In pulmonary medicine, lasers can be used in a variety of settings. Currently, the pulmonology laser is widely accepted for treating respiratory issues. The incidence of lung cancer has increased in recent years. The three main symptoms of lung cancer are tracheal stenosis, uncontrolled bleeding from malignant lesions, and central tracheobronchial obstruction caused by tumours. For pulmonology treatments, a compact, lightweight, and portable laser is required that emits an intense and secure laser beam. These lasers significantly reduce the unit size and weight while offering comparable power characteristics to other surgical lasers. Lasers are valuable equipment for pulmonary medicine. Endobronchial photo resection with the Nd: YAG laser is well-established in interventional bronchoscopy. Numerous established and unproven indications for photodynamic treatment, which activates photosensitizers with monochromatic laser light, exist in the field of pulmonary medicine. Autofluorescence bronchoscopy, which has helped pulmonologists for nearly two decades in the early identification of lung cancer, uses lasers as its light source.
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Increasing cases of chronic respiratory disorder: The surge in chronic respiratory diseases has increased the demand for pulmonology lasers. The prevalence of chronic respiratory diseases has grown over the recent decade. Moreover, the spread of infectious respiratory diseases has risen due to increased contagious pathogens. Reports of cross-contamination in the hospital premises have been reported, which has resulted in severe consequences. Further, the growing cases of respiratory disorders in neonatal and the mandatory need for respiratory assistance in premature newborns have increased the demand for pulmonology lasers. Additionally, developing regions such as Asia-Pacific are facing an alarming rise in chronic obstructive pulmonary diseases. These factors have contributed to the growth of the pulmonology lasers market.
High cost of pulmonology lasers– The high price has hindered market growth. The increased efficiency leads to an increase in cost. Further, the traditional devices have a one-time cost associated with them, while the pulmonology lasers are required to be brought more frequently, which increases the expenditure. The developing and underdeveloped regions have lower per capita income, which hampers the demand for pulmonology lasers in such regions. The medical and healthcare industries also rely primarily on technology. In the healthcare sector, numerous technical tools and equipment have been developed.
Increasing research and development in medical technology- Numerous industry participants reported record sales, primarily due to solid growth in developing nations like China and India, rising government spending on medical equipment research and development in those nations, increasing expenditure on medical technology, development of clinical diagnostics field, technological advancements in laser technology, emerging applications, growing ageing populations, rising lung cancer prevalence, and changing demographics in these regions. The development phase, where research findings are used in clinical practice, is now one of the most susceptible links in this innovation cycle. Some recent medical innovations are altering how medical equipment will be performed in the future, even though many medical technologies have been present for years and are still being developed.
Stringent regulations for product approval - The concerned regional agencies must approve the pulmonology lasers so they can be used to treat chronic lung diseases. Pulmonology lasers are used in critical treatment procedures for lung cancer and other chronic respiratory disorders. Thus, manufacturers must receive product approvals from different agencies to sell their products in each region.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The North American region emerged as the most significant global pulmonology lasers market, with a revenue share of 42.33% in 2022. The region has a high market growth rate due to substantial manufacturers, suppliers and distributors. The North American market will be driven by the presence of medical equipment research and development facilities to support the pulmonology lasers market. The growing incidence of various lung cancers and chronic respiratory disorders in regional countries has increased the use of pulmonology lasers. The Asia-Pacific region is anticipated to grow lucratively during the forecast period. The market is witnessing a lucrative growth rate due to the increasing prevalence of respiratory issues owing to growing pollution in countries like India and China. Further, the rise in the number of private and public hospital institutions is propelling market growth.
North America Region Pulmonology Lasers Market Share in 2022 - 42.33%
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The laser-type segment is divided into photodynamic and neodymium-doped yttrium aluminium garnet. The neodymium-doped yttrium aluminium segment dominated the market with a revenue share of 62.10% in 2022. The neodymium-doped yttrium aluminium laser has high throughput, which makes it easy to operate and is thus preferred by many healthcare professionals.
The application segment includes haemorrhage, neoplasms, malignant lesions, tracheal stenosis, bronchogenic carcinoma, non-small cell lung cancer and benign tumours. The non-small cell lung cancer segment further includes cystic carcinoma, carcinoid, endobronchial metastases and mucoepidermoid carcinoma. The bronchogenic carcinoma segment dominated the market with a revenue share of 45.02% in 2022. Bronchogenic carcinoma is common among people who smoke; thus, most smokers are diagnosed with it.
The end-user segment includes academic and research institutions, hospitals and speciality care centres. The hospital segment dominated the market with a revenue share of 52.15% in 2022. Hospital has a higher demand for pulmonology lasers due to the surge in lung cancer treatment. The need for medical equipment has increased drastically.
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Billion) |
| Market size value in 2023 | USD 4.96 Billion |
| Market size value in 2031 | USD 13.23 Billion |
| CAGR (2023 to 2031) | 11.52% |
| Historical data | 2019-2021 |
| Base Year | 2022 |
| Forecast | 2023-2031 |
| Regional Segments | The regions examined for the market are Europe, Asia Pacific, North America, South America, and Middle East & Africa. |
| Segments | The research segment is based on laser type, application and end-users. |
As per The Brainy Insights, the size of the pulmonology lasers market was valued 4.96 billion in 2022 to USD 13.23 billion by 2031.
Global pulmonology lasers market is growing at a CAGR of 11.52% during the forecast period 2023-2031.
North America region emerged as the largest market for the pulmonology lasers.
The market's growth will be influenced by the growing prevalence of lung cancer.
The increasing investment in laser technology is providing huge opportunities to the market.
The high cost of lasers could hamper the market growth.
1. Introduction
1.1. Objective of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Laser Type
4.3.2. Market Attractiveness Analysis By Application
4.3.3. Market Attractiveness Analysis By End-user
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increasing incidence of respiratory disorders
5.3. Restraints
5.3.1. High cost
5.4. Opportunities
5.4.1. Increasing technological advancements
5.5. Challenges
5.5.1. Regulations regarding product approval
6. Global Pulmonology Lasers Market Analysis and Forecast, By Laser Type
6.1. Segment Overview
6.2. Photodynamic
6.3. Neodymium-doped Yttrium Aluminium Garnet
7. Global Pulmonology Lasers Market Analysis and Forecast, By Application
7.1. Segment Overview
7.2. Haemorrhage
7.3. Neoplasms
7.4. Malignant Lesions
7.5. Tracheal Stenosis
7.6. Bronchogenic Carcinoma
7.7. Non-Small Cell Lung Cancer
7.7.1. Cystic Carcinoma
7.7.2. Carcinoid
7.7.3. Endobronchial Metastases
7.7.4. Mucoepidermoid Carcinoma
7.8. Benign Tumors
8. Global Pulmonology Lasers Market Analysis and Forecast, By End-user
8.1. Segment Overview
8.2. Academic and Research Institutes
8.3. Hospitals
8.4. Specialty Care Centres
9. Global Pulmonology Lasers Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Pulmonology Lasers Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in the Pulmonology Lasers Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Quanta System
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Richard Wolf
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Cook Medical
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Lumenis
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Olympus Corporation
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Edap Tms
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Cooltouch
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. EMS
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Convergent Laser Technologies
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. AMS
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. Solar Laser Systems
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Product Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
11.12. Jena Surgical
11.12.1. Business Overview
11.12.2. Company Snapshot
11.12.3. Company Market Share Analysis
11.12.4. Company Product Portfolio
11.12.5. Recent Developments
11.12.6. SWOT Analysis
11.13. Candela Medical
11.13.1. Business Overview
11.13.2. Company Snapshot
11.13.3. Company Market Share Analysis
11.13.4. Company Product Portfolio
11.13.5. Recent Developments
11.13.6. SWOT Analysis
11.14. Potent Medical
11.14.1. Business Overview
11.14.2. Company Snapshot
11.14.3. Company Market Share Analysis
11.14.4. Company Product Portfolio
11.14.5. Recent Developments
11.14.6. SWOT Analysis
List of Table
1. Global Pulmonology Lasers Market, By Laser Type, 2019-2031 (USD Billion)
2. Global Photodynamic, Pulmonology Lasers Market, By Region, 2019-2031 (USD Billion)
3. Global Neodymium-doped Yttrium Aluminium Garnet, Pulmonology Lasers Market, By Region, 2019-2031 (USD Billion)
4. Global Pulmonology Lasers Market, By Application, 2019-2031 (USD Billion)
5. Global Haemorrhage, Pulmonology Lasers Market, By Region, 2019-2031 (USD Billion)
6. Global Neoplasms, Pulmonology Lasers Market, By Region, 2019-2031 (USD Billion)
7. Global Malignant Lesions, Pulmonology Lasers Market, By Region, 2019-2031 (USD Billion)
8. Global Tracheal Stenosis, Pulmonology Lasers Market, By Region, 2019-2031 (USD Billion)
9. Global Non-Small Cell Lung Cancer, Pulmonology Lasers Market, By Region, 2019-2031 (USD Billion)
10. Global Benign Tumors, Pulmonology Lasers Market, By Region, 2019-2031 (USD Billion)
11. Global Pulmonology Lasers Market, By End-user, 2019-2031 (USD Billion)
12. Global Academic and Research Institutions, Pulmonology Lasers Market, By Region, 2019-2031 (USD Billion)
13. Global Hospitals, Pulmonology Lasers Market, By Region, 2019-2031 (USD Billion)
14. Global Specialty Care Centres, Pulmonology Lasers Market, By Region, 2019-2031 (USD Billion)
15. Global Pulmonology Lasers Market, By Region, 2019-2031 (USD Billion)
16. North America Pulmonology Lasers Market, By Laser Type, 2019-2031 (USD Billion)
17. North America Pulmonology Lasers Market, By Application, 2019-2031 (USD Billion)
18. North America Pulmonology Lasers Market, By End-user, 2019-2031 (USD Billion)
19. U.S. Pulmonology Lasers Market, By Laser Type, 2019-2031 (USD Billion)
20. U.S. Pulmonology Lasers Market, By Application, 2019-2031 (USD Billion)
21. U.S. Pulmonology Lasers Market, By End-user, 2019-2031 (USD Billion)
22. Canada Pulmonology Lasers Market, By Laser Type, 2019-2031 (USD Billion)
23. Canada Pulmonology Lasers Market, By Application, 2019-2031 (USD Billion)
24. Canada Pulmonology Lasers Market, By End-user, 2019-2031 (USD Billion)
25. Mexico Pulmonology Lasers Market, By Laser Type, 2019-2031 (USD Billion)
26. Mexico Pulmonology Lasers Market, By Application, 2019-2031 (USD Billion)
27. Mexico Pulmonology Lasers Market, By End-user, 2019-2031 (USD Billion)
28. Europe Pulmonology Lasers Market, By Laser Type, 2019-2031 (USD Billion)
29. Europe Pulmonology Lasers Market, By Application, 2019-2031 (USD Billion)
30. Europe Pulmonology Lasers Market, By End-user, 2019-2031 (USD Billion)
31. Germany Pulmonology Lasers Market, By Laser Type, 2019-2031 (USD Billion)
32. Germany Pulmonology Lasers Market, By Application, 2019-2031 (USD Billion)
33. Germany Pulmonology Lasers Market, By End-user, 2019-2031 (USD Billion)
34. France Pulmonology Lasers Market, By Laser Type, 2019-2031 (USD Billion)
35. France Pulmonology Lasers Market, By Application, 2019-2031 (USD Billion)
36. France Pulmonology Lasers Market, By End-user, 2019-2031 (USD Billion)
37. U.K. Pulmonology Lasers Market, By Laser Type, 2019-2031 (USD Billion)
38. U.K. Pulmonology Lasers Market, By Application, 2019-2031 (USD Billion)
39. U.K. Pulmonology Lasers Market, By End-user, 2019-2031 (USD Billion)
40. Italy Pulmonology Lasers Market, By Laser Type, 2019-2031 (USD Billion)
41. Italy Pulmonology Lasers Market, By Application, 2019-2031 (USD Billion)
42. Italy Pulmonology Lasers Market, By End-user, 2019-2031 (USD Billion)
43. Spain Pulmonology Lasers Market, By Laser Type, 2019-2031 (USD Billion)
44. Spain Pulmonology Lasers Market, By Application, 2019-2031 (USD Billion)
45. Spain Pulmonology Lasers Market, By End-user, 2019-2031 (USD Billion)
46. Asia Pacific Pulmonology Lasers Market, By Laser Type, 2019-2031 (USD Billion)
47. Asia Pacific Pulmonology Lasers Market, By Application, 2019-2031 (USD Billion)
48. Asia Pacific Pulmonology Lasers Market, By End-user, 2019-2031 (USD Billion)
49. Japan Pulmonology Lasers Market, By Laser Type, 2019-2031 (USD Billion)
50. Japan Pulmonology Lasers Market, By Application, 2019-2031 (USD Billion)
51. Japan Pulmonology Lasers Market, By End-user 2019-2031 (USD Billion)
52. China Pulmonology Lasers Market, By Laser Type, 2019-2031 (USD Billion)
53. China Pulmonology Lasers Market, By Application, 2019-2031 (USD Billion)
54. China Pulmonology Lasers Market, By End-user, 2019-2031 (USD Billion)
55. India Pulmonology Lasers Market, By Laser Type, 2019-2031 (USD Billion)
56. India Pulmonology Lasers Market, By Application, 2019-2031 (USD Billion)
57. India Pulmonology Lasers Market, By End-user, 2019-2031 (USD Billion)
58. South America Pulmonology Lasers Market, By Laser Type, 2019-2031 (USD Billion)
59. South America Pulmonology Lasers Market, By Application, 2019-2031 (USD Billion)
60. South America Pulmonology Lasers Market, By End-user, 2019-2031 (USD Billion)
61. Brazil Pulmonology Lasers Market, By Laser Type, 2019-2031 (USD Billion)
62. Brazil Pulmonology Lasers Market, By Application, 2019-2031 (USD Billion)
63. Brazil Pulmonology Lasers Market, By End-user, 2019-2031 (USD Billion)
64. Middle East and Africa Pulmonology Lasers Market, By Laser Type, 2019-2031 (USD Billion)
65. Middle East and Africa Pulmonology Lasers Market, By Application, 2019-2031 (USD Billion)
66. Middle East and Africa Pulmonology Lasers Market, By End-user, 2019-2031 (USD Billion)
67. UAE Pulmonology Lasers Market, By Laser Type, 2019-2031 (USD Billion)
68. UAE Pulmonology Lasers Market, By Application, 2019-2031 (USD Billion)
69. UAE Pulmonology Lasers Market, By End-user, 2019-2031 (USD Billion)
70. South Africa Pulmonology Lasers Market, By Laser Type, 2019-2031 (USD Billion)
71. South Africa Pulmonology Lasers Market, By Application, 2019-2031 (USD Billion)
72. South Africa Pulmonology Lasers Market, By End-user, 2019-2031 (USD Billion)
List of Figures
1. Global Pulmonology Lasers Market Segmentation
2. Pulmonology Lasers Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Pulmonology Lasers Market Attractiveness Analysis By Laser Type
9. Global Pulmonology Lasers Market Attractiveness Analysis By Application
10. Global Pulmonology Lasers Market Attractiveness Analysis By End-user
11. Global Pulmonology Lasers Market Attractiveness Analysis By Region
12. Global Pulmonology Lasers Market: Dynamics
13. Global Pulmonology Lasers Market Share by Laser Type (2022 & 2031)
14. Global Pulmonology Lasers Market Share by Application (2022 & 2031)
15. Global Pulmonology Lasers Market Share by End-user (2022 & 2031)
16. Global Pulmonology Lasers Market Share by Regions (2022 & 2031)
17. Global Pulmonology Lasers Market Share by Company (2022)
This study forecasts revenue at global, regional, and country levels from 2019 to 2031. The Brainy Insights has segmented the global pulmonology lasers market based on below mentioned segments:
Global Pulmonology Lasers Market by Laser Type:
Global Pulmonology Lasers Market by Application:
Global Pulmonology Lasers Market by End-user:
Global Pulmonology Lasers Market by Region:
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