According to the research report titled ‘Global Pulmonology Lasers Market Size study, By Laser (Neodymium-doped Yttrium Aluminium Garnet (Nd-YAG), Photodynamic), By Indication (Bronchogenic Carcinoma, Malignant Lesions, Benign Tumours, Neoplasms, Haemorrhage, Tracheal Stenosis, Non-small Cell Lung Cancer), By End User (Hospitals, Specialty Care Centers, Academic and Research Institutions) and Regional Forecasts 2021-2027’, available with MarketStudyReport, global pulmonary lasers market is expected to expand at a CAGR of 12.4% over the forecast period 2021-2027.
 

The surge in number of lung cancer cases combined with rising awareness towards curative laser therapies are determinants influencing the growth of global pulmonary lasers market.
 

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For those unaware, pulmonary lasers is a therapy used in hospitals and research institutions to remove  obstructions in the patient’s airway which is caused because of complications like neoplasms, tumors, etc.
 

Moreover, a massive increase in research and development activities related to cancer treatments are propelling industry development. However, numerous health complications and side effects associated with such treatments  are likely to hamper the progress of market in the forthcoming years.
 

Based on laser type, worldwide pulmonary lasers industry is bifurcated into photodynamic and neodymium-doped yttrium aluminum garnet (Nd-YAG). In terms of indication, the industry is segregated into hemorrhage, non-small cell lung cancer, malignant lesions, neoplasms, tracheal stenosis, bronchogenic carcinoma, and benign tumors.
 

Concerning end-user ambit, the business landscape is divided into academic & research institutions, hospitals, and specialty care centers.
 

From a regional point of view, North America market is poised to account for a considerable revenue share during the assessment timeframe, due to soaring number of lung cancer cases & deaths coupled with rising awareness towards cancer treatments in the region.
 

Moreover, Europe market is assumed to garner a high growth rate during the analysis period, given the rapid technological advancements and massive investments in research & development activities throughout the region.
 

The competitive environment of global pulmonary lasers industry is defined by prominent players such as Cooltouch Inc., Quanta Systems technologies LLP, E.M.S. Electro Medical Systems S.A., Hyper Photonics S.r.l, Olympus Corporation, Richard Wolf GmbH, Cook Group Incorporated, EDAP TMS SA, and Lumenis be Ltd. among others.