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Photomedicine Technology Market by Technology and Application

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    Report

  • 142 Pages
  • February 2023
  • Region: Global
  • IMARC Group
  • ID: 5753267

The global photomedicine technology market size reached US$ 449.9 Million in 2022. Looking forward, the analyst expects the market to reach US$ 624.5 Million by 2028, exhibiting a CAGR of 5.62% during 2022-2028. The emergence of numerous non-invasive and minimally invasive aesthetic procedures, continual technological advancements in different types of laser radiation for therapeutic procedures and inflating disposable income levels represent some of the key factors driving the market.

The study of photomedicine involves the study of light and its therapeutic application in the healthcare sector, including using photobiology and light to diagnose and treat diseases. By exposing the affected area to precise wavelengths of light, the disease can be diagnosed and treated by phototherapy. Photomedicine uses a variety of medical lasers, such as full-spectrum light, dichroic lamps, light-emitting diodes (LEDs), fluorescent lamps, dichroic lamps, and polychromatic polarized light, for numerous aesthetic and therapeutic procedures. Various therapeutic and diagnostic methods in photomedicine rely on agents working endogenously or exogenously. These photosensitizers boost tissue absorption in specific wavelength bands, potentially enhancing the speed and intensity of the procedure. Photomedicine finds immense applications in the practice of dermatology, interventional radiology, dentistry, optical diagnostics, cardiology, circadian rhythm sleep disorders, and cancer.


Photomedicine Technology Market Trends:

The escalating demand for medical aesthetic procedures, such as laser hair removal, acne phototherapy, vision restoration, dental enhancement and skin rejuvenation, is a significant factor driving the market. This can be attributed to a considerable rise in the awareness regarding aesthetic enhancement among the masses. In line with this, continual technological advancements in different types of laser radiation for therapeutic procedures are creating lucrative growth opportunities in the market. Moreover, the emergence of numerous non-invasive and minimally invasive aesthetic procedures involving less pain, along with the easy availability of advanced body contouring devices, are creating a positive outlook for the market. Besides this, the inflating disposable income level of the consumers resulting in an improved lifestyle is providing an impetus to the market. The market is further fueled by the rising incidences of dentistry procedures, ophthalmological issues, dermatological issues and excessive hair growth due to aging, various diseases, lifestyle disorders, and the rising exposure to UV rays. A considerable increase in the approvals for clinical trials of innovative laser products that can be used for various aesthetic procedures, including hair removal and tattoo removal, is further bolstering the market. Some of the other factors contributing to the market include the augmenting demand for pain management therapies, rapid urbanization, considerable growth in the beauty and healthcare industries, and extensive research and development (R&D) activities conducted by the key players.


Key Market Segmentation:

The analyst provides an analysis of the key trends in each segment of the global photomedicine technology market, along with forecasts at the global, regional, and country level from 2023-2028. Our report has categorized the market based on technology and application.

Technology Insights


  • Laser
  • Polychromatic Polarized Light
  • Full Spectrum Light
  • Dichroic Lamps
  • Light Emitting Diodes
  • Photodynamic Therapy
  • Interventional Radiology

The report has provided a detailed breakup and analysis of the photomedicine technology market based on the technology. This includes laser, polychromatic polarized light, full spectrum light, dichroic lamps, light emitting diodes, photodynamic therapy, and interventional radiology. According to the report, photodynamic therapy represented the largest segment.

Application Insights


  • Aesthetics and Dermatology
  • Hair Removal
  • Tattoo Removal
  • Skin Resurfacing
  • Others
  • Dental Procedures
  • Oncology
  • Ophthalmology
  • Pain Management
  • Wound Healing
  • Others

A detailed breakup and analysis of the photomedicine technology market based on the application has also been provided in the report. This includes aesthetics and dermatology (hair removal, tattoo removal, skin resurfacing and others), dental procedures, oncology, ophthalmology, pain management, wound healing, and others. According to the report, oncology accounted for the largest market share.


Regional Insights:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa. According to the report, North America was the largest market for photomedicine technology. Some of the factors driving the North America photomedicine technology market include the growing geriatric population, emergence of numerous non-invasive and minimally invasive aesthetic procedures, continual technological advancements, etc.


Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global photomedicine technology market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Biolitec AG, Candela Corporation, Colorado Skin & Vein, Lumenis Be Ltd., Lumibird, Photomedex Inc., Sisram Medical Ltd, Thor Photomedicine Ltd, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.


Key Questions Answered in This Report:

  • How has the global photomedicine technology market performed so far and how will it perform in the coming years?
  • What are the drivers, restraints, and opportunities in the global photomedicine technology market?
  • What are the key regional markets?
  • Which countries represent the most attractive photomedicine technology markets?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the application?
  • What is the competitive structure of the global photomedicine technology market?
  • Who are the key players/companies in the global photomedicine technology market?

Table of Contents

1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Photomedicine Technology Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Technology
6.1 Laser
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Polychromatic Polarized Light
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Full Spectrum Light
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Dichroic Lamps
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Light Emitting Diodes
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Photodynamic Therapy
6.6.1 Market Trends
6.6.2 Market Forecast
6.7 Interventional Radiology
6.7.1 Market Trends
6.7.2 Market Forecast

7 Market Breakup by Application
7.1 Aesthetics and Dermatology
7.1.1 Market Trends
7.1.2 Key Segments
7.1.2.1 Hair Removal
7.1.2.2 Tattoo Removal
7.1.2.3 Skin Resurfacing
7.1.2.4 Others
7.1.3 Market Forecast
7.2 Dental Procedures
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Oncology
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Ophthalmology
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Pain Management
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Wound Healing
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Others
7.7.1 Market Trends
7.7.2 Market Forecast

8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast

9 Drivers, Restraints, and Opportunities
9.1 Overview
9.2 Drivers
9.3 Restraints
9.4 Opportunities

10 Value Chain Analysis

11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes

12 Price Analysis

13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Biolitec AG
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.2 Candela Corporation
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.3 Colorado Skin & Vein
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.4 Lumenis Be Ltd.
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.4.3 SWOT Analysis
13.3.5 Lumibird
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.5.3 Financials
13.3.6 Photomedex Inc.
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.7 Sisram Medical Ltd
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.7.3 Financials
13.3.8 Thor Photomedicine Ltd
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio

Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

List of Figures
Figure 1: Global: Photomedicine Technology Market: Major Drivers and Challenges
Figure 2: Global: Photomedicine Technology Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Photomedicine Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 4: Global: Photomedicine Technology Market: Breakup by Technology (in %), 2022
Figure 5: Global: Photomedicine Technology Market: Breakup by Application (in %), 2022
Figure 6: Global: Photomedicine Technology Market: Breakup by Region (in %), 2022
Figure 7: Global: Photomedicine Technology (Laser) Market: Sales Value (in Million US$), 2017 & 2022
Figure 8: Global: Photomedicine Technology (Laser) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: Global: Photomedicine Technology (Polychromatic Polarized Light) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Photomedicine Technology (Polychromatic Polarized Light) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Photomedicine Technology (Full Spectrum Light) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Photomedicine Technology (Full Spectrum Light) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Photomedicine Technology (Dichroic Lamps) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Photomedicine Technology (Dichroic Lamps) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Photomedicine Technology (Light Emitting Diodes) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Photomedicine Technology (Light Emitting Diodes) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Photomedicine Technology (Photodynamic Therapy) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Photomedicine Technology (Photodynamic Therapy) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Photomedicine Technology (Interventional Radiology) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Photomedicine Technology (Interventional Radiology) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Photomedicine Technology (Aesthetics and Dermatology) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Photomedicine Technology (Aesthetics and Dermatology) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Photomedicine Technology (Dental Procedures) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Photomedicine Technology (Dental Procedures) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Photomedicine Technology (Oncology) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Photomedicine Technology (Oncology) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Photomedicine Technology (Ophthalmology) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Photomedicine Technology (Ophthalmology) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Photomedicine Technology (Pain Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Photomedicine Technology (Pain Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Photomedicine Technology (Wound Healing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Photomedicine Technology (Wound Healing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Photomedicine Technology (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Photomedicine Technology (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: North America: Photomedicine Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: North America: Photomedicine Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: United States: Photomedicine Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: United States: Photomedicine Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Canada: Photomedicine Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Canada: Photomedicine Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Asia-Pacific: Photomedicine Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Asia-Pacific: Photomedicine Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: China: Photomedicine Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: China: Photomedicine Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Japan: Photomedicine Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Japan: Photomedicine Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: India: Photomedicine Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: India: Photomedicine Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: South Korea: Photomedicine Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: South Korea: Photomedicine Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Australia: Photomedicine Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Australia: Photomedicine Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Indonesia: Photomedicine Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Indonesia: Photomedicine Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Others: Photomedicine Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Others: Photomedicine Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Europe: Photomedicine Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Europe: Photomedicine Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Germany: Photomedicine Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Germany: Photomedicine Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: France: Photomedicine Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: France: Photomedicine Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: United Kingdom: Photomedicine Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: United Kingdom: Photomedicine Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Italy: Photomedicine Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Italy: Photomedicine Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Spain: Photomedicine Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Spain: Photomedicine Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Russia: Photomedicine Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Russia: Photomedicine Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Others: Photomedicine Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Others: Photomedicine Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Latin America: Photomedicine Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Latin America: Photomedicine Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Brazil: Photomedicine Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Brazil: Photomedicine Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Mexico: Photomedicine Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Mexico: Photomedicine Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Others: Photomedicine Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Others: Photomedicine Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Middle East and Africa: Photomedicine Technology Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Middle East and Africa: Photomedicine Technology Market: Breakup by Country (in %), 2022
Figure 83: Middle East and Africa: Photomedicine Technology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Global: Photomedicine Technology Industry: Drivers, Restraints, and Opportunities
Figure 85: Global: Photomedicine Technology Industry: Value Chain Analysis
Figure 86: Global: Photomedicine Technology Industry: Porter's Five Forces Analysis

List of Tables
Table 1: Global: Photomedicine Technology Market: Key Industry Highlights, 2022 & 2028
Table 2: Global: Photomedicine Technology Market Forecast: Breakup by Technology (in Million US$), 2023-2028
Table 3: Global: Photomedicine Technology Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Photomedicine Technology Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Photomedicine Technology Market: Competitive Structure
Table 6: Global: Photomedicine Technology Market: Key Players


Companies Mentioned

  • BMC Software Inc.
  • Cisco Systems Inc.
  • Hewlett Packard Enterprise Company
  • Micro Focus International plc
  • Oracle Corporation
  • Red Hat Inc. (International Business Machines Corporation)
  • Splunk Inc.
  • and VMware Inc.

Methodology

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