Market Overview:
The global photomedicine technology market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of chronic diseases, rising demand for minimally invasive procedures, and technological advancements in photomedicine technology. Based on type, the global photomedicine technology market is segmented into laser therapy, dichroic light therapy, and light-emitting diode (LED) therapy. Laser therapy is expected to account for the largest share of the global photomedicine technology market in 2018. This can be attributed to its ability to target specific tissues and cells without causing any damage to surrounding tissues. Based on application, the global photomedicine technology market is segmented into eye care, oncology care, otolaryngology care (ear nose and throat), department of gynaecology care, and other applications.
Product Definition:
The technology is used to treat skin conditions and improve overall health by using light therapy. The importance of photomedicine technology is that it can be used to improve the quality of life for those who suffer from various skin conditions, as well as help promote general health and wellness.
Laser:
Laser is a device that produces light by the process of optical amplification. The term laser is used for any source of infrared or ultraviolet light, including solid-state, gas, and liquid lasers. A typical laser has a wavelength ranging from 400 nm to 700 nm, a bandwidth between 10-5 and 10-3 degrees (i.e.
Dichroic Light:
Dichroic light is a kind of infrared light that has been filtered through glass filters that are colored either yellow or blue. The resultant beam is then used in various applications such as medical and photomedicine technology. Dichroism can be used to examine the crystal structure of molecules, which cannot be done with normal visible light.
Application Insights:
The other application segment includes the use of light in dentistry, dermatology, and phototherapy. The oncology segment dominated the overall market in terms of revenue share in 2017. This is due to a rise in cancer prevalence globally coupled with increasing government funding for research related to photodynamic therapy and laser-based treatments for cancer.
Photodynamic therapy uses photosensitizers that are applied topically before a surgical procedure or during surgery itself as an alternative to general anesthesia. Surgical procedures involving the skin require topical anesthetics which act as inhibitors that prevent nerve transmission from reaching the brain, thereby causing minimal pain sensation during surgery.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of key players and well-established healthcare infrastructure. The region is expected to maintain its dominance over the forecast period due to increasing R&D investments by companies as well as government agencies. In addition, rising incidences of cancer are also anticipated to drive regional growth during the forecast period.
Asia Pacific is projected to be one of fastest growing regions during the same period owing high unmet needs coupled with rapidly improving healthcare infrastructure in countries such as China, India and Japan. Increasing focus on disease prevention through early diagnosis coupled with rapid technological advancements are some factors driving this regional market growth. Moreover, economic development in these countries has enabled people from lower socio-economic backgrounds access higher education leading them towards becoming medical practitioners thus creating lucrative opportunities for industry participants over time.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 6.5% from 2016 to 2021. This is primarily due to the advantages offered by these surgeries over traditional open surgery, such as shorter hospital stays, reduced pain and blood loss, and faster recovery times. Photomedicine technology can be used in minimally invasive surgeries to achieve better outcomes.
- Growing prevalence of chronic diseases: The global prevalence of chronic diseases such as cancer, diabetes, and cardiovascular disorders is on the rise due to changing lifestyles and aging populations. These conditions are often treated with phototherapy, which offers an effective and non-invasive treatment option.
- Rising awareness about the benefits of phototherapy: There has been a growing awareness about the benefits of phototherapy among both patients and healthcare professionals in recent years. This has led to an increase in demand for photomedicine devices and therapies worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Photomedicine Technology Market Research Report
By Type
Laser, Dichroic Light, Light-emitting Diode
By Application
Eye, Oncology, Otolaryngology, Department of Gynaecology, Other
By Companies
Lumenis, Alma Lasers, Biolitec AG, Quantel Medical, THOR Laser, Verilux
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Photomedicine Technology Market Report Segments:
The global Photomedicine Technology market is segmented on the basis of:
Types
Laser, Dichroic Light, Light-emitting Diode
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Eye, Oncology, Otolaryngology, Department of Gynaecology, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Lumenis
- Alma Lasers
- Biolitec AG
- Quantel Medical
- THOR Laser
- Verilux
Highlights of The Photomedicine Technology Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Laser
- Dichroic Light
- Light-emitting Diode
- By Application:
- Eye
- Oncology
- Otolaryngology
- Department of Gynaecology
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Photomedicine Technology Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Photomedicine technology is a field of biomedical engineering that uses light to treat diseases. It involves using light to destroy cancer cells, stop the spread of infection, and improve the healing process. Photomedicine technology can also be used to help people recover from injuries.
Some of the key players operating in the photomedicine technology market are Lumenis, Alma Lasers, Biolitec AG, Quantel Medical, THOR Laser, Verilux.
The photomedicine technology market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Photomedicine Technology Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Photomedicine Technology Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Photomedicine Technology Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Photomedicine Technology Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Photomedicine Technology Market Size & Forecast, 2018-2028
4.5.1 Photomedicine Technology Market Size and Y-o-Y Growth
4.5.2 Photomedicine Technology Market Absolute $ Opportunity
Chapter 5 Global Photomedicine Technology Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Photomedicine Technology Market Size Forecast by Type
5.2.1 Laser
5.2.2 Dichroic Light
5.2.3 Light-emitting Diode
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Photomedicine Technology Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Photomedicine Technology Market Size Forecast by Applications
6.2.1 Eye
6.2.2 Oncology
6.2.3 Otolaryngology
6.2.4 Department of Gynaecology
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Photomedicine Technology Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Photomedicine Technology Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Photomedicine Technology Analysis and Forecast
9.1 Introduction
9.2 North America Photomedicine Technology Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Photomedicine Technology Market Size Forecast by Type
9.6.1 Laser
9.6.2 Dichroic Light
9.6.3 Light-emitting Diode
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Photomedicine Technology Market Size Forecast by Applications
9.10.1 Eye
9.10.2 Oncology
9.10.3 Otolaryngology
9.10.4 Department of Gynaecology
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Photomedicine Technology Analysis and Forecast
10.1 Introduction
10.2 Europe Photomedicine Technology Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Photomedicine Technology Market Size Forecast by Type
10.6.1 Laser
10.6.2 Dichroic Light
10.6.3 Light-emitting Diode
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Photomedicine Technology Market Size Forecast by Applications
10.10.1 Eye
10.10.2 Oncology
10.10.3 Otolaryngology
10.10.4 Department of Gynaecology
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Photomedicine Technology Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Photomedicine Technology Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Photomedicine Technology Market Size Forecast by Type
11.6.1 Laser
11.6.2 Dichroic Light
11.6.3 Light-emitting Diode
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Photomedicine Technology Market Size Forecast by Applications
11.10.1 Eye
11.10.2 Oncology
11.10.3 Otolaryngology
11.10.4 Department of Gynaecology
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Photomedicine Technology Analysis and Forecast
12.1 Introduction
12.2 Latin America Photomedicine Technology Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Photomedicine Technology Market Size Forecast by Type
12.6.1 Laser
12.6.2 Dichroic Light
12.6.3 Light-emitting Diode
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Photomedicine Technology Market Size Forecast by Applications
12.10.1 Eye
12.10.2 Oncology
12.10.3 Otolaryngology
12.10.4 Department of Gynaecology
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Photomedicine Technology Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Photomedicine Technology Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Photomedicine Technology Market Size Forecast by Type
13.6.1 Laser
13.6.2 Dichroic Light
13.6.3 Light-emitting Diode
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Photomedicine Technology Market Size Forecast by Applications
13.10.1 Eye
13.10.2 Oncology
13.10.3 Otolaryngology
13.10.4 Department of Gynaecology
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Photomedicine Technology Market: Competitive Dashboard
14.2 Global Photomedicine Technology Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Lumenis
14.3.2 Alma Lasers
14.3.3 Biolitec AG
14.3.4 Quantel Medical
14.3.5 THOR Laser
14.3.6 Verilux
