Global Disposable Holmium Laser Fiber Market - 2023-2030

Overview

Global Disposable Holmium Laser Fiber Market reached US$ 8.6 Million in 2022 and is expected to reach US$ 16.8 Million by 2030, growing with a CAGR of 8.8% during the forecast period 2023-2030.

Medical device single-use or disposable preferences are increasing due to the demand for ease in healthcare settings and worries about infection control. Due to healthcare providers' recognition of the advantages of removing the danger of cross-contamination associated with reusable equipment, this trend is influencing the disposable holmium laser fiber industry.

The market for disposable holmium laser fiber is being driven by the global trend toward less intrusive surgical methods. Procedures with fewer incisions, quicker recovery periods and less post-operative problems are becoming more and more popular with patients and medical professionals. Holmium laser technology is a good fit for minimally invasive procedures because it enables accurate and controlled tissue ablation.

Asia-Pacific is among the growing regions in the global disposable holmium laser fiber market covering more than 1/3rd of the market. Disposable Holmium laser fibers provide a simple and sanitary option for urological operations, making them essential parts of procedures such as stone lithotripsy. Asia-Pacific's disposable Holmium laser fiber market is anticipated to continue growing as healthcare infrastructure and awareness of these conditions both increase.

Dynamics

Growth of Minimally Invasive Surgical Techniques

The market for disposable holmium laser fiber will continue to be affected by the globally trend toward less intrusive surgical methods. Increasing demand is being shown by both patients and medical professionals for methods with fewer incisions, quicker recovery periods and fewer problems following surgery. With the least amount of invasiveness possible, urological and soft tissue problems may be precisely and effectively treated by using holmium laser technology.

For Instance, in 2021, The Alaska Native Medical Center acquired equipment that gives our surgery center more capabilities and enables us to do minimally invasive surgical operations on our patients. With the aid of the da Vinci XI Surgical System, often known as a surgical robot, doctors may perform more intricate and broad laparoscopic surgeries.

Rising Urological Disorder Prevalence

Disposable holmium laser fiber demand is being driven in large part by the rising prevalence of urological conditions including kidney sTons. The demand for sophisticated medical procedures is increasing as the world's population ages and lifestyle choices increase the frequency of urological disorders. As a less invasive method of treating illnesses of this nature, disposable Holmium laser fibers are essential in urological operations such as stone lithotripsy.

For Instance, in 2023, Asia Healthcare Holdings (AHH) acquired a controlling share in the Asian Institute of Nephrology and Urology (AINU) for ₹600 crore, utilizing the platform for specialized healthcare delivery. Built on a basis of profound clinical competence and staffed by physicians with decades of experience in the field, AINU is a unique network of single-specialty hospitals focused on urology and nephrology.

Sustainability and Environmental Impact Issues

The disposable holmium laser fiber market is limited by the increased focus on environmental sustainability and the decrease of medical waste. Single-use technologies generate concerns regarding their potential effects on the environment since they add to the total amount of medical waste produced by healthcare institutions.

The environmental impact of disposable medical equipment becomes an important factor to take into account as governments and healthcare organizations throughout the world work to embrace more environmentally friendly practices. The market has difficulty in weighing the advantages of infection control against the environmental effects of rising medical waste and regulatory pressure to address these issues may have an impact on the uptake of disposable Holmium laser fibers.

Limited Innovation in Technology and Personalization

The restricted possibilities for technical innovation and customization that come with single-use Holmium laser fibers are another limitation. As disposable fibers, they frequently have fewer options for customization based on particular procedural requirements than reusable devices, which may experience iterative enhancements and adjustments.

Disposable fibers' identical patterns may put restrictions on medical personnel, making it more difficult for them to customize treatments to meet the needs of specific patients. Particularly in cases where complex or specialized treatments call for more adaptive and configurable medical equipment, this lack of technological innovation and modification might impede the market's growth.

Segment Analysis

The global disposable holmium laser fiber market is segmented based on product, diameter, material, application and region.

Rising Popularity of Single-Use of Disposable Devices is Fueling the Substantial Expansion

The single-use segment is among the growing regions in the global disposable holmium laser fiber market covering more than 1/3rd of the market. The growing popularity of single-use or disposable devices is fueling the substantial expansion of the disposable holmium laser fiber industry globally. The increased focus on patient safety and infection control in healthcare settings is one important motivating element.

Because single-use Holmium laser fibers are disposed of after a single surgery, there is no chance of cross-contamination between patients, which lowers the risk of illnesses linked to healthcare. The is especially important now that the COVID-19 pandemic has hit since strict infection control protocols have become a globally healthcare provider's top concern.

Geographical Penetration

Rising Incidence of Urological Illnesses and Increasing Medical Technology in Asia-Pacific

Asia-Pacific has been a dominant force in the global disposable holmium laser fiber market and the aging population and rising incidence of urological illnesses in nations like China, India and Japan are the key factors. The continual growth and upgrading of the healthcare infrastructure throughout Asia-Pacific is another motivating element.

There is an increased need for cutting-edge medical technology, such as Holmium laser fiber devices, which are commonly employed in treatments like stone lithotripsy, as kidney stones and other urological problems become more common in these countries. Disposable Holmium laser fibers are becoming more and more popular in the area due to the growing knowledge of minimally invasive surgical procedures and the need for faster recovery periods.

The market for disposable holmium laser fiber is expected to increase as a result of public and private sector expenditures in healthcare facilities and expanded access to healthcare services. Innovative medical equipment like disposable Holmium laser fibers is being used more often as a result of the integration of cutting-edge technologies in hospitals and clinics and the emphasis on delivering high-quality patient care.

For Instance, in 2021, Boston Scientific agreed with a Baring Private Equity Asia (BPEA) affiliate to acquire the globally surgical business of Lumenis LTD., a privately held company specializing in energy-based medical solutions. The acquisition involves an initial cash payment of US$1.07 billion, with adjustments pending closing. BPEA will maintain ownership of Lumenis' global aesthetics and ophthalmology divisions.

COVID-19 Impact Analysis

Global healthcare disruptions have resulted from the COVID-19 pandemic, which has had a substantial influence on the disposable holmium laser fiber business. A spike in COVID-19 cases necessitated a reallocation of resources, including staff and medical equipment, as the virus spread, posing an unprecedented challenge to healthcare institutions.

In order to give priority to the treatment of COVID-19 patients, many elective operations, including those using Holmium laser treatments, were canceled or postponed. As a result, during the early stages of the pandemic, there was a decrease in the market for disposable Holmium laser fibers. A scarcity and delays in the production and delivery of medical equipment resulted from the pandemic's disruption of supply networks and manufacturing procedures.

The market for disposable holmium laser fiber was unable to satisfy demand due to labor shortages, lockdowns and restrictions on foreign commerce. Volatility in the market was also influenced by the uncertainty about the length and intensity of the epidemic, which had an impact on R&D, strategic planning and investment choices in the healthcare sector.

The market for disposable holmium laser fiber is in a more stable environment as a result of the increased emphasis on healthcare infrastructure and the implementation of safety measures. Nevertheless, persistent issues with the introduction of novel variations and the unequal distribution of vaccinations globally persisted in impacting market dynamics, underscoring the necessity of flexibility and resilience in the healthcare sector.

Russia-Ukraine War Impact Analysis

The disposable holmium laser fiber market has been seriously impacted by the conflict between Russia and Ukraine. Production and delivery of medical devices, including disposable Holmium laser fibers, have been made more difficult as tensions have increased and a military war has resulted from supply chain interruptions and geopolitical unpredictability.

The access to essential raw supplies, logistics and commercial routes have all been impacted by the unstable environment the continuous conflict has generated. As the demand for medical devices, particularly those used in urological and other surgical operations, grows, businesses in this industry could face delays in manufacturing and delivery.

Furthermore, the conflict's economic effects have changed the dynamics of the market. For companies operating in the disposable holmium laser fiber sector, exchange rate fluctuations, trade restrictions and shifting economic situations in both Russia and Ukraine have added another level of complication. The unpredictabilities may cause price volatility, which may affect manufacturers' cost structures, pricing policies and profit margins.

By Product

• Single-Use
• Reusable

By Diameter

• 200 to 270 µm
• 271 to 400 µm
• 400 to 1000 µm
• Above 1000 µm

By Diameter

• Quartz Fiber
• Silica Fiber
• Others

By Material

• Dermatology & Plastic Surgery
• Gastroenterology
• Pulmonology
• Cardiology
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• On March 03, 2021, Boston Scientific agreed with a Baring Private Equity Asia (BPEA) affiliate to acquire the globally surgical business of Lumenis LTD., a privately held company specializing in energy-based medical solutions. The acquisition involves an initial cash payment of US$1.07 billion, with adjustments pending closing. BPEA will maintain ownership of Lumenis' global aesthetics and ophthalmology divisions. The Lumenis surgical business, projected to achieve approximately US$200 million in net sales in 2021, encompasses cutting-edge laser systems, fibers and accessories utilized in urology and otolaryngology procedures.
• On June 17, 2020, the world-renowned technology leader Olympus recently launched the Soltive SuperPulsed Laser System (Soltive Laser System), which is designed to provide cutting-edge solutions for medical and surgical operations. Stone lithotripsy and soft tissue applications are the focus of this state-of-the-art thulium fiber laser application.

Competitive Landscape

The major global players in the market include: Boston Scientific Corporation, Olympus Corporation, Cook Medical, Richard Wolf GmbH, Karl Storz SE & Co. KG, Dornier MedTech GmbH, Biolitec, BD, Convergent and Clarion Medical Technologies.

Why Purchase the Report?

• To visualize the global disposable holmium laser fiber market segmentation based on product, diameter, material, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of disposable holmium laser fiber market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global disposable holmium laser fiber market report would provide approximately 69 tables, 69 figures and 199 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies