Global Photomedicine Market 2022-2028

Description

List of Tables

Global Photomedicine Market Size, Share & Trends Analysis Report By Application (Dermatology, Ophthalmology, Dentistry, Oncology, Wound Healing, and Others), and by Technology (Laser Bioptron Light Therapy, Full Spectrum Light, Dichroic Lamps, Light Emiting Diodes (LED) & Fluorescent Lamps, and Polychromatic Polarized Light) Forecast Period (2022-2028)

The global photomedicine market is anticipated to grow at a substantial CAGR of 7% during the forecast period. Increasing consciousness about beauty and physical appearance in the generation-Z and Generation-X population, and growing technological advancement in laser surgical procedures are augmented to further growth of the market. Furthermore, the advancement of new technology that includes optical diagnosis procedures and the introduction of new innovative photomedicine devices for full-body treatment is propelling the growth of the photomedicine market.

The global photomedicine market is segmented on the basis of application and technology. Based on the application, the market is segmented into dermatology, ophthalmology, dentistry, oncology, wound healing, and others. Based on technology, the market is segmented into the laser, bioptron light therapy, full-spectrum light, dichroic lamps, light-emitting diodes &fluorescent lamps, and polychromatic polarized light. Among the application segment, the oncology subsegment is the fastest growing owing to phototherapy are most widely used and successful therapy used in cancer cure. Moreover, increasing cancer cases and rising cancer prevalence due to the awareness of patients and early detection and diagnosis, novel therapeutic approaches, growing use of phototherapy are propelling the segment as the fastest growing in the global market.

Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is holding a prominent share in the market owing to available advanced diagnostic facilities and high awareness regarding these products. In addition, rising funding by public and private organizations for various R&D for the development of advanced photomedicine devices. Furthermore, these devices will be applied in the diagnosis of several diseases such as cancer, and tattoo removal among others. Moreover, there is high awareness regarding self appearance in the region and increasing healthcare expenditure is such a factor in holding the prominent share of the photomedicine market in the region.

The competitive landscape includes key strategies of leading players, recent developments, and key company analysis. The major players that contribute to the growth of the market include Alma Lasers GmbH, BIOLASE, Inc., biolitecAG, Bright Medicine, Koninklijke Philips N.V., NinePoint Medical, Inc., Lumenis Ltd., Quantel Medical, and THOR Photomedicine Ltd., and many others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in December 2021, The Geneva Foundation (Geneva) in collaboration with Uniformed Services University (USU), The Wellman Center for Photomedicine at Massachusetts General Hospital (MGH), Henry M. Jackson Foundation (HJF), Spaulding Rehabilitation, and Litecure has implemented a new research program "Photomedicine to Enhance Emergency Readiness" to improve clinical treatments for some of the most common injuries sustained by the US military members.

Research Methodology

The market study of the global photomedicine market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

Financial reports of companies involved in the market.
Whitepapers, research papers, and news blogs.
Company websites and their product catalog.

The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Global Photomedicine Market Research and Analysis by Application

2. Global Photomedicine Market Research and Analysis by Technology

The Report Covers

Comprehensive research methodology of the global photomedicine market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global photomedicine market.
Insights about market determinants that are stimulating the global photomedicine market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Product Code: OMR2017181

Applications- Medical Device

1. Report Summary

Current TECHNOLOGY Analysis and Growth Potential Outlook
Impact of COVID-19 on the Global PhotomedicineMarket
Recovery Scenario of Global PhotomedicineMarket
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. BY Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis
- 3.1.1. Overview
- 3.1.2. Financial Analysis
- 3.1.3. SWOT Analysis
- 3.1.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of Covid-19 on Key Players

4. Market Segmentation

4.1. Global PhotomedicineMarket by Application
- 4.1.1. Dermatology
- 4.1.2. Ophthalmology
- 4.1.3. Dentistry
- 4.1.4. Oncology
- 4.1.5. Wound Healing
- 4.1.6. Others (Surgical Procedures)
4.2. Global PhotomedicineMarket by Technology
- 4.2.1. Laser
- 4.2.2. Bioptron Light Therapy
- 4.2.3. Full Spectrum Light
- 4.2.4. Dichroic Lamps
- 4.2.5. Light Emiting Diodes (LED) &Fluroscent Lamps
- 4.2.6. Polychromatic Polarized Light

5. Regional Analysis

5.1. North America
- 5.1.1. US
- 5.1.2. Canada
5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia-Pacific
5.4. Rest of the World

6. Company Profiles

6.1. Abbott
6.2. Alma Lasers GMBH
6.3. AngioDynamics, Inc.
6.4. Aura Medical Group Pty Ltd.
6.5. BIOLASE, Inc.
6.6. biolitec AG
6.7. Candela Corp.
6.8. Carl Zeiss Meditec AG
6.9. IRIDEX Corp.
6.10. Koninklijke Philips N.V.
6.11. LightScalpel, Inc.
6.12. Lumenis Be Ltd.
6.13. NinePoint Medical, Inc.
6.14. Novartis AG
6.15. Quantel Medical
6.16. THOR Photomedicine Ltd.