The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s cardiovascular medical lasers market report forecasts the cardiovascular medical lasers market size to grow to $0.9 Billion by 2027, with a CAGR (compound annual growth rate) of more than 43%.
Learn More On The Cardiovascular Medical Lasers Market Report 2023 – https://www.thebusinessresearchcompany.com/report/cardiovascular-medical-lasers-global-market-report
Cardiovascular Medical Lasers Market Size Forecast
The global cardiovascular medical lasers market is expected to grow from $0.15 billion in 2022 to $0.21 billion in 2023 at a compound annual growth rate (CAGR) of 46.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The cardiovascular medical lasers market is expected to grow from $0.9 billion in 2027 at a CAGR of 43.2%.
North America held the largest cardiovascular medical lasers market share.
Key Cardiovascular Medical Lasers Market Driver – Rise In The Prevalence Of Cardiovascular Diseases
For instance, according to the Centers for Disease control and prevention (CDC), 697,000 people died from heart diseases in 2020. According to the British Heart Foundation, coronary heart disease is responsible for around 64,000 deaths in the UK each year, an average of 180 people each day, or one death around every eight minutes. One in seven men and one in 12 women in the UK die from coronary heart disease. Therefore, the increasing prevalence of cardiovascular diseases is expected to drive the growth of cardiovascular medical lasers.
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Key Cardiovascular Medical Lasers Market Trend – Investing In Technologies
Cardiovascular medical laser manufacturers are constantly investing in technologies for faster diagnosis and efficient treatment of heart conditions. Areas of technological advances include new wavelengths, more rugged setups, lower-cost systems, and other advancements are being combined with minimally invasive techniques. FDA cleared Ra Medical’s vascular products including cardiovascular lasers that can be used to treat peripheral arteries and veins. The laser works at 308-nanometer wavelength, which breaks chemical bonds and decomposes the blockage into its part, thereby reducing the risk for the patient.
Cardiovascular Medical Lasers Market Segment
1) By Type: Excimer Laser, Carbon Dioxide Laser
2) By Application: Laser Vascular Anastomosis, Transmyocardial Laser Revascularization, and Laser Angioplasty for Peripheral Arterial Diseases
3) By End Use: Hospitals, Specialty Clinics, Ambulatory Surgery Centers
Cardiovascular Medical Lasers Market Major Players and Strategies
Major players in the cardiovascular medical lasers market are Boston Scientific Corp., Cardiovascular Systems, AngioDynamics, Royal Philips NV, and RA Medical Systems.
In October 2021, Laser MD Medspa, a US-based medical spa services company, acquired Young Medical Spa for an undisclosed amount. The acquisition would expand the company’s footprint in the state of Pennsylvania by adding four locations. Young Medical is a US-based provider of a full suite of cosmetic and aesthetic treatments, including laser hair removal, botox treatment, and others.
The Cardiovascular Medical Lasers Global Market Report 2023 covers regional data on cardiovascular medical lasers market size, cardiovascular medical lasers market trends and drivers, opportunities, strategies, and cardiovascular medical lasers market competitor analysis. The countries covered in the cardiovascular medical lasers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Cardiovascular medical lasers are used in the treatment of medical conditions related to the heart. These lasers are commonly used during transmyocardial laser revascularization.
View More Reports Related To The Cardiovascular Medical Lasers Market –
Cardiovascular Surgery Devices And Equipment Global Market Report 2023
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