Thulium Laser System Market

Global Thulium Laser System Market Size, Trends & Analysis - Forecasts to 2026 By Application (Dermatology [Scar Removal], and Urology [Urolithiasis, Benign Prostatic Hyperplasia, Non-Muscle-Invasive Bladder Cancer]), By End-User (Multispecialty Hospitals, Urology Laser Clinics, Dermatology Clinics, and Research Institutions), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa), Competitive Landscape Company Market Share Analysis, and Competitor Analysis

Category Healthcare
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This report was recently updated on May 9 2022 with the latest and most recent market numbers

Thulium Laser System Market Size

The global thulium laser system market is projected to grow at a CAGR value of 5.5% between 2021 and 2026. Technological advancements in surgical laser systems for applications in urology, dermatology, ophthalmology, and other surgical areas where intervention is necessary, have increased the adoption of surgical lasers. Thulium laser systems are becoming increasingly popular for applications in urology treatment. Clinical studies comparing conventional transurethral resection of the prostate with thulium laser transurethral vaporesection of the prostate have shown that patients who were treated using thulium laser systems had no complications and reduced hospital stays compared to conventional treatment.

The use of lasers in surgical applications allows surgeons to reduce risks and complications such as bleeding. These surgeries are minimally invasive and the growing preference for minimally invasive surgeries is expected to further expedite the growth of the market. The lower risk of complications and minimally invasive nature of such laser-assisted surgeries allows for shorter hospital stays for patients, thereby allowing hospitals to serve patients at a quicker rate.

Advancements in the field of thulium lasers have increased their applications in the field of dermatology. Thulium lasers have been shown to be effective in correcting fine lines and wrinkles, surface scarring, pigmentation, and sun damage, among others. The lasers work by producing thousands of deep, tiny columns in the skin promoting the body’s healing process to create new healthier tissue to replace the damaged cells. Growing demand for minimally invasive cosmetic procedures is expected to increase the demand for thulium lasers for cosmetic procedures. The development of novel laser systems that incorporate thulium is expected to further enhance the demand for such laser systems.

The market for thulium lasers is restrained by the high cost of these laser systems as these systems are still relatively new compared to existing conventional laser systems. The need for skilled operators to ensure their efficient and effective usage is expected to hinder the growth of the market. The availability of comparable alternatives such as holmium lasers is also expected to restrain the growth of the market.

global thulium laser system market

Thulium Laser System Market: By Application

Based on the various applications in which thulium lasers are used, the market is segmented into Dermatology [Scar Removal], and Urology [Urolithiasis, Benign Prostatic Hyperplasia, Non-Muscle-Invasive Bladder Cancer]. The Urology [Urolithiasis, Benign Prostatic Hyperplasia, Non-Muscle-Invasive Bladder Cancer] segment is expected to hold the lion’s share of the market during the forecast period. Their usage in treating benign prostatic hyperplasia and other complications in the prostate have been widely researched and their advantages are well documented.

Compared to holmium lasers, thulium lasers offer surgeons more precise tissue incisions and improved spatial beam quality which reduces the risk of bleeding and other complications. They also offer reduced hospitalization periods for patients while being minimally invasive, thereby contributing to the high demand for thulium lasers in the field of urology.

The dermatology segment is expected to witness greater growth than the urology segment during the forecast period. Growing demand for minimally invasive dermatology procedures and the use of thulium lasers to treat wrinkles, surface scarring, and pigmentation are expected to enhance the demand for thulium lasers in dermatology.

Thulium Laser System Market: By End-User

Based on the end-users of thulium laser systems, the market can be segmented into multispecialty hospitals, urology laser clinics, dermatology clinics, and research institutions. The multispecialty hospitals segment is expected to hold the dominant share of the market. Multispecialty hospitals have greater access to funds compared to specialized clinics and smaller hospitals which allows them to invest in better equipment. Multispecialty hospitals are also well supported by skilled professionals in terms of both technicians and doctors. Patient preference for hospitals owing to their perception of hospitals being better equipped to handle any complications and the large number of amenities available in hospitals have contributed to the dominance of multispecialty hospitals in the thulium laser system market.

Dermatology clinic segment are expected to grow faster than hospital segment during the forecast period. Growing demand for thulium lasers in dermatology and the lack of prolonged hopsitalisation periods for procedures involving thulium lasers are expected to increase the demand for thulium lasers from dermatology clinics. Growing demand for minimally invasive anti-aging procedures and the growing number of dermatology clinics are expected to further enhance the growth of the dermatology clinics segment during the forecast period.

asia pacific thulium laser system market

Thulium Laser System Market: By Region

Based on region, the market is segmented into regions such as North America, Europe, Central and South America, Middle East and Africa, and Asia Pacific regions. The North American region is expected to hold the lion’s share of the thulium lasers system market. The growing demand for dermatology procedures in the region combined with greater investment in research and development of novel laser systems are some of the major drivers of the North American market. The large number of patients suffering from urology-related issues such as benign prostatic hyperplasia in the region has increased the demand for minimally invasive procedures. These issues are more common in older populations which have been a major contributor to the dominance of the region owing to the rising geriatric population in North America.

The APAC region is expected to register better growth rates than any other region in the thulium laser systems market. Growing investment in healthcare by government and private entities is expected to increase the adoption of thulium lasers in the region. Growing demand for minimally invasive procedures and lower hospitalization periods are expected to increase the demand for thulium lasers. The growing demand for dermatology procedures and the growing number of dermatology clinics and specialized hospitals are expected to further enhance the growth of the market in the APAC region.

Thulium Laser System Market Share and Competitor Analysis

ITC - International Technology Corporation, Jena Surgical, Lutronic, Quanta System, WON Technology, Olympus, ForTech, Lumenis, Boston Scientific Corporation, Richard Wolf, and OmniGuide Holdings, Inc., among others are the key players in the thulium laser system market.

Please note: This is not an exhaustive list of companies profiled in the report.

Chapter 1   Methodology

1.1    Market Scope & Definitions

1.2    Estimates & Forecast Calculation

1.3    Historical Data Overview and Validation

1.4    Data Sources

1.4.1    Secondary

1.4.2    Primary

Chapter 2   Report Outlook

2.1    Thulium Laser System Industry Overview, 2020-2026

2.1.1    Industry Overview

2.1.2    Application Overview

2.1.3    End-User Overview

2.1.4    Regional Overview

Chapter 3   Thulium Laser System Market Trends

3.1    Market Segmentation

3.2    Industry Background, 2020-2026

3.3    Market Key Trends

3.3.1    Positive Trends

3.3.1.1    Growing prevalence of benign prostatic hyperplasia

3.3.1.2    Growing geriatric population  

3.3.2    Industry Challenges

3.3.2.1    High cost of thulium laser systems

3.4    Prospective Growth Scenario

3.4.1    Application Growth Scenario

3.4.2    End-User Growth Scenario

3.5    COVID-19 Influence over Industry Growth

3.6    Porter’s Analysis

3.7    PESTEL Analysis

3.8    Value Chain & Supply Chain Analysis

3.9    Regulatory Framework

3.9.1    North America

3.9.2    Europe

3.9.3    APAC

3.9.4    LATAM

3.9.5    MEA

3.10    End-User Overview

3.11    Market Share Analysis, 2020

3.11.1    Company Positioning Overview, 2020

Chapter 4   Thulium Laser System Market, By Application

4.1    Application Outlook

4.2    Dermatology

4.2.1    Market Size, By Region, 2020-2026 (USD Million)

4.2.2    Scar Removal

4.2.2.1    Market Size, By Region, 2020-2026 (USD Million)

4.3    Urology

4.3.1    Market Size, By Region, 2020-2026 (USD Million)

4.3.2    Urolithiasis

4.3.2.1    Market Size, By Region, 2020-2026 (USD Million)

4.3.3    Benign Prostatic Hyperplasia

4.3.3.2    Market Size, By Region, 2020-2026 (USD Million)

4.3.4    Non-Muscle-Invasive Bladder Cancer

4.3.4.1    Market Size, By Region, 2020-2026 (USD Million)

Chapter 5   Thulium Laser System Market, By End-User

5.1    End-User Outlook

5.2    Multispecialty Hospitals

5.2.1    Market Size, By Region, 2020-2026 (USD Million)

5.3    Urology Laser Clinics

5.3.1    Market Size, By Region, 2020-2026 (USD Million)

5.4    Dermatology Clinics

5.4.1    Market Size, By Region, 2020-2026 (USD Million)

5.5    Research Institutions

5.5.1    Market Size, By Region, 2020-2026 (USD Million)

Chapter 6   Thulium Laser System Market, By Region

6.1    Regional outlook

6.2    North America

6.2.1    Market Size, By Country 2020-2026 (USD Million)

6.2.2    Market Size, By Application, 2020-2026 (USD Million)

6.2.3    Market Size, By End-User, 2020-2026 (USD Million)

6.2.4    U.S.

6.2.4.1    Market Size, By Application, 2020-2026 (USD Million)

6.2.4.2    Market Size, By End-User, 2020-2026 (USD Million)

6.2.5    Canada

6.2.5.1    Market Size, By Application, 2020-2026 (USD Million)

6.2.5.2    Market Size, By End-User, 2020-2026 (USD Million)

6.3    Europe

6.3.1    Market Size, By Country 2020-2026 (USD Million)

6.3.2    Market Size, By Application, 2020-2026 (USD Million)

6.3.3    Market Size, By End-User, 2020-2026 (USD Million)

6.3.4    Germany

6.3.4.1    Market Size, By Application, 2020-2026 (USD Million)

6.3.4.2    Market Size, By End-User, 2020-2026 (USD Million)

6.3.5    UK

6.3.5.1    Market Size, By Application, 2020-2026 (USD Million)

6.3.5.2    Market Size, By End-User, 2020-2026 (USD Million)

6.3.6    France

6.3.6.1    Market Size, By Application, 2020-2026 (USD Million)

6.3.6.2    Market Size, By End-User, 2020-2026 (USD Million)

6.3.7    Italy

6.3.7.1    Market Size, By Application, 2020-2026 (USD Million)

6.3.7.2    Market Size, By End-User, 2020-2026 (USD Million)

6.3.8    Spain

6.3.8.1    Market Size, By Application, 2020-2026 (USD Million)

6.3.8.2    Market Size, By End-User, 2020-2026 (USD Million)

6.3.9    Russia

6.3.9.1    Market Size, By Application, 2020-2026 (USD Million)

6.3.9.2    Market Size, By End-User, 2020-2026 (USD Million)

6.4    Asia Pacific

6.4.1    Market Size, By Country 2020-2026 (USD Million)

6.4.2    Market Size, By Application, 2020-2026 (USD Million)

6.4.3    Market Size, By End-User, 2020-2026 (USD Million)

6.4.4    China

6.4.4.1    Market Size, By Application, 2020-2026 (USD Million)

6.4.4.2    Market Size, By End-User, 2020-2026 (USD Million)

6.4.5    India

6.4.5.1    Market Size, By Application, 2020-2026 (USD Million)

6.4.5.2    Market Size, By End-User, 2020-2026 (USD Million)

6.4.6    Japan

6.4.6.1    Market Size, By Application, 2020-2026 (USD Million)

6.4.6.2    Market Size, By End-User, 2020-2026 (USD Million)

6.4.7    Australia

6.4.7.1    Market Size, By Application, 2020-2026 (USD Million)

6.4.7.2    Market size, By End-User, 2020-2026 (USD Million)

6.4.8    South Korea

6.4.8.1    Market Size, By Application, 2020-2026 (USD Million)

6.4.8.2    Market Size, By End-User, 2020-2026 (USD Million)

6.5    Latin America

6.5.1    Market Size, By Country 2020-2026 (USD Million)

6.5.2    Market Size, By Application, 2020-2026 (USD Million)

6.5.3    Market Size, By End-User, 2020-2026 (USD Million)

6.5.4    Brazil

6.5.4.1    Market Size, By Application, 2020-2026 (USD Million)

6.5.4.2    Market Size, By End-User, 2020-2026 (USD Million)

6.5.5    Mexico

6.5.5.1    Market Size, By Application, 2020-2026 (USD Million)

6.5.5.2    Market Size, By End-User, 2020-2026 (USD Million)

6.5.6    Argentina

6.5.6.1    Market Size, By Application, 2020-2026 (USD Million)

6.5.6.2    Market Size, By End-User, 2020-2026 (USD Million)

6.6    MEA

6.6.1    Market Size, By Country 2020-2026 (USD Million)

6.6.2    Market Size, By Application, 2020-2026 (USD Million)

6.6.3    Market Size, By End-User, 2020-2026 (USD Million)

6.6.4    Saudi Arabia

6.6.4.1    Market Size, By Application, 2020-2026 (USD Million)

6.6.4.2    Market Size, By End-User, 2020-2026 (USD Million)

6.6.5    UAE

6.6.5.1    Market Size, By Application, 2020-2026 (USD Million)

6.6.5.2    Market Size, By End-User, 2020-2026 (USD Million)

6.6.6    South Africa

6.6.6.1    Market Size, By Application, 2020-2026 (USD Million)

6.6.6.2    Market Size, By End-User, 2020-2026 (USD Million)

Chapter 7   Company Landscape

7.1    Competitive Analysis, 2020

7.2    International Technology Corporation

7.2.1    Company Overview

7.2.2    Financial Analysis

7.2.3    Strategic Positioning

7.2.4    Info Graphic Analysis

7.3    Jena Surgical

7.3.1    Company Overview

7.3.2    Financial Analysis

7.3.3    Strategic Positioning

7.3.4    Info Graphic Analysis

7.4    Lutronic

7.4.1    Company Overview

7.4.2    Financial Analysis

7.4.3    Strategic Positioning

7.4.4    Info Graphic Analysis

7.5    Quanta System

7.5.1    Company Overview

7.5.2    Financial Analysis

7.5.3    Strategic Positioning

7.5.4    Info Graphic Analysis

7.6    WON Technology

7.6.1    Company Overview

7.6.2    Financial Analysis

7.6.3    Strategic Positioning

7.6.4    Info Graphic Analysis

7.7    Olympus

7.7.1    Company Overview

7.7.2    Financial Analysis

7.7.3    Strategic Positioning

7.7.4    Info Graphic Analysis

7.8    ForTech

7.8.1    Company Overview

7.8.2    Financial Analysis

7.8.3    Strategic Positioning

7.8.4    Info Graphic Analysis

7.9    Lumenis

7.9.1    Company Overview

7.9.2    Financial Analysis

7.9.3    Strategic Positioning

7.9.4    Info Graphic Analysis

7.10    Boston Scientific Corporation

7.10.1    Company Overview

7.10.2    Financial Analysis

7.10.3    Strategic Positioning

7.10.4    Info Graphic Analysis

7.11    Richard Wolf

7.11.1    Company Overview

7.11.2    Financial Analysis

7.11.3    Strategic Positioning

7.11.4    Info Graphic Analysis

7.12    Other Companies

7.12.1    Company Overview

7.12.2    Financial Analysis

7.12.3    Strategic Positioning

7.12.4    Info Graphic Analysis

The Global Thulium Laser System Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Thulium Laser System Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

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Frequently Asked Questions

The global thulium laser system market size is projected to grow at a CAGR value of 5.5% during the forecast period [2021 to 2026].
Key and innovative vendors in the thulium laser system market include ITC - International Technology Corporation, Jena Surgical, Lutronic, Quanta System, WON Technology, Olympus, ForTech, Lumenis, Boston Scientific Corporation, Richard Wolf, and OmniGuide Holdings, Inc., among others.
The North American region is estimated to hold the largest share of the thulium laser system market.
The COVID-19 pandemic has caused supply chain disruptions and fluctuation in raw material prices which has reduced the availability of thulium lasers and their adoption. Increased pressure on hospital resources from the pandemic and fear of infections had reduced the demand for procedures involving thulium laser systems.
The growing geriatric population, increasing prevalence of urology-related ailments, increasing demand for thulium lasers in dermatology applications, and the advantages of thulium lasers such as the lower risk of complications and reduced hospitalization are the major drivers of the market.

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