Photomedicine Market, By Light Source (Lasers, Full Spectrum Light, Lamps, Light Emitting Diodes, Others), By Application, By End User, By Geography

Description

The photomedicine market size is expected to reach US$ 7.6 billion by 2030, from US$ 3.6 Billion in 2023, at a CAGR of 11.3% during the forecast period.

Report Coverage		Report Details
Base Year:	2022	Market Size in 2023:	US$ 3.6 Bn
Historical Data for:	2018 to 2021	Forecast Period:	2023 - 2030
Forecast Period 2023 to 2030 CAGR:	11.30%	2030 Value Projection:	US$ 7.6 Bn

Figure 1. Global Photomedicine Market Share (%), by Region, 2023

Photomedicine is a branch of medicine that involves the use of light and photobiology for diagnosis and treatment. It has gained significant attention in recent years due to its non-invasive nature and the potential for targeted therapy. The field encompasses various applications, including photodynamic therapy, low-level laser therapy, and photobiomodulation. Photomedicine provides promising alternatives to traditional medical interventions, offering patients safer and more efficient treatment options. The technology has evolved significantly with advancements in laser and light-based devices, enhancing the efficacy and reliability of photomedicine procedures.

Market Dynamics:

The photomedicine market is driven by several factors, including the growing demand for minimally invasive procedures, the increasing prevalence of skin disorders and chronic diseases, and the expanding geriatric population. For instance, on February 8, 2023, according to a report published by John Wiley & Sons, Inc., a multinational publishing company, about 20% of children and up to 10% of adults suffer with eczema, which is linked to a significant burden of morbidity and expenses for both individuals and healthcare systems.. The advancements in laser and light-based technologies have made photomedicine more accessible and effective, further driving market growth.

However, market growth may be hindered by factors such as the high cost of photomedicine devices and treatments, strict regulatory requirements, and a lack of skilled professionals. Moreover, the COVID-19 pandemic has affected the market negatively, leading to a decline in elective procedures due to lockdowns and safety restrictions.

Despite these challenges, there are several opportunities for market expansion. The rising adoption of telemedicine and the increasing focus on personalized medicine present avenues for the growth of photomedicine. Additionally, the development of portable and handheld devices, along with the integration of artificial intelligence and machine learning, opens up new possibilities for improved diagnosis and treatment within the field.

Key features of the study:

This report provides in-depth analysis of the global photomedicine market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global photomedicine market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Lumenis, Alma Lasers, THOR Photomedicine, PhotoMedex, Syneron, Galderma, Candela, Beiersdorf, IRIDEX Corporation, and Quantel Laser
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global photomedicine market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global photomedicine market

Detailed Segmentation:

By Light Source
- Lasers
- Full Spectrum Light
- Lamps
- Light Emitting Diodes (LED)
- Others (Broadband Light, etc.)
By Application
- Skin Diseases
- Oncology
- Dental/Aesthetic Procedures
- Pain Management
- Others
By End User
- Hospitals
- Clinics
- Research Institutions
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
Key Players
- Lumenis
- Alma Lasers
- THOR Photomedicine
- PhotoMedex
- Syneron
- Galderma
- Candela
- Beiersdorf
- IRIDEX Corporation
- Quantel Laser

Product Code: CMI6257

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Photomedicine, By Light Source
- Market Photomedicine, By Application
- Market Photomedicine, By End User
- Market Photomedicine, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
Market Restraints
Market Opportunities
Impact Analysis
Key Highlights
Regulatory Scenario
Product launch/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario

4. Photomedicine Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Photomedicine Market , By Light Source, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2019 - 2030
- Segment Trends
Lasers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Full Spectrum Light
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Lamps
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Light Emitting Diodes (LED)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
Others (Broadband Light, etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)

6. Photomedicine Market , By Application, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2019 - 2030
- Segment Trends
Skin Diseases
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Oncology
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Dental/Aesthetic Procedures
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Pain Management
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)

7. Photomedicine Market , By End User, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2019 - 2030
- Segment Trends
Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Research Institutions
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)

8. Photomedicine Market , By Region, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Country 2019 -2030
- Country Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018 - 2030, (US$ Bn)
U.S.
Canada
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018 - 2030, (US$ Bn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018 - 2030, (US$ Bn)
India
China
Japan
Australia
ASEAN
South Korea
Rest of Asia Pacific
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018 - 2030, (US$ Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018 - 2030, (US$ Bn)
GCC
Israel
Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2018 - 2030, (US$ Bn)
North Africa
Central Africa
South Africa

9. Competitive Landscape

Lumenis
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Alma Lasers
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
THOR Photomedicine
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
PhotoMedex
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Syneron
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Galderma
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Candela
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Beiersdorf
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
IRIDEX Corporation
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Quantel Laser
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Analyst Views

10. Section

Research Methodology
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