Photomedicine is the branch of medicine which involves the study of light and its application. Photomedicine market is based on different photomedicine technologies such as fluorescent lamps, laser, and polychromatic polarized light. Photomedicine technology is used for various therapeutic and diagnostic purposes. In this technology specific wavelength is used for therapeutic purpose in various sectors such as dermatology, oncology, and ophthalmology. Also, this technology is used for different aesthetic purposes such as tattoo, and hair removal.
Rise in awareness activities regarding beauty and physical appearance is expected to drive the photomedicine market growth. Furthermore, rise in prevalence of various skin diseases like acne, and psoriasis will have positive impact on photomedicine market growth. Moreover, rise in awareness regarding photomedicine and increasing incidence of neonatal jaundice is expected to boost the photomedicine market growth.
However, high cost of photomedicine procedure is the major restraining factor which is expected to hinder the growth of Photomedicine Market. Also, safety issues related to photomedicine devices expected to hamper the Photomedicine Market growth.
Photomedicine Market is segmented into technology such as Fluorescent Lamps, Laser, and Polychromatic Polarized Light, by application such as Oncology, Ophthalmology, and Aesthetics and Dermatology.
Also, Photomedicine Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East and Africa.
Various key players are discussed in this report such as Koninklijke Philips N.V., Biolitec AG, Lumenis, Alma Lasers, Photomedex Inc., Syneron Candela, Thor Photomedicine Ltd, and Verilux Inc.
Photomedicine Market Drivers
Rise in awareness activities regarding beauty and physical appearance is expected to drive the photomedicine market growth. Furthermore, rise in prevalence of various skin diseases like acne, and psoriasis will have positive impact on photomedicine market growth. Moreover, rise in awareness regarding photomedicine and increasing incidence of neonatal jaundice is expected to boost the photomedicine market growth.
Photomedicine Market Restraints
However, high cost of photomedicine procedure is the major restraining factor which is expected to hinder the growth of Photomedicine Market. Also, safety issues related to photomedicine devices expected to hamper the Photomedicine Market growth.
Photomedicine Market Segmentation
Photomedicine Market is segmented into technology such as Fluorescent Lamps, Laser, and Polychromatic Polarized Light, by application such as Oncology, Ophthalmology, and Aesthetics and Dermatology.
Also, Photomedicine Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East and Africa.
Photomedicine Market Key Players
Various key players are discussed in this report such as Koninklijke Philips N.V., Biolitec AG, Lumenis, Alma Lasers, Photomedex Inc., Syneron Candela, Thor Photomedicine Ltd, and Verilux Inc.
Photomedicine Market Taxonomy
By Technology
- Fluorescent Lamps
- Laser
- Polychromatic Polarized Light
By Application
- Oncology
- Ophthalmology
- Aesthetics and Dermatology
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
Frequently Asked Questions about the Photomedicine Market
What is the estimated value of the Photomedicine Market?
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| Report Attribute | Details |
|---|---|
| No. of Pages | 155 |
| Published | February 2022 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value ( USD | $ 251.6 million |
| Forecasted Market Value ( USD | $ 328.5 million |
| Compound Annual Growth Rate | 3.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 8 |
Table of Contents
1 Executive Summary
3 Market Background
5 Global Photomedicine Market Analysis, By Technology
6 Global Photomedicine Market Analysis, By Application
7 Global Photomedicine Market Analysis, By Region
8 North America Photomedicine Market Analysis and Forecast (2017-2027)
9 Europe Photomedicine Market Analysis and Forecast (2017-2027)
10 Asia Pacific Photomedicine Market Analysis and Forecast (2017-2027)
11 Latin America Photomedicine Market Analysis and Forecast (2017-2027)
12 Middle East & Africa Photomedicine Market Analysis and Forecast (2017-2027)
13 Competition Analysis
14 Company Profiles
Companies Mentioned
- Koninklijke Philips N.V.
- Biolitec AG
- Lumenis
- Alma Lasers
- Photomedex Inc.
- Syneron Candela
- Thor Photomedicine Ltd
- Verilux Inc.
