Photomedicine market Manufacturers,Competitive Landscape and Business Opportunities by 2028

The photomedicine market size is expected to reach USD 12.77 Billion in 2028 and register a CAGR of 10.1% over the forecast period, according to the latest report by Reports and Data.

The photomedicine market size is expected to reach USD 12.77 Billion in 2028 and register a CAGR of 10.1% over the forecast period, according to the latest report by Reports and Data. Increasing global aging population, major prevalence of skin infections such as acne, psoriasis and others, and high preference for non-invasive procedures are some major factors driving market revenue growth. Photomedicine is a type of technology where light therapy is used to diagnose and treat specific diseases. Advancement in nanotechnology and nanoscience has resulted in development of new materials such as iron-based magnetic nanoparticles, gold nanoparticles, graphene, and others. These materials are used in photomedicine to deliver drugs in target areas, cancer imaging, and other diagnosis processes.

Some major application areas of photomedicine are dental, oncology, dermatology, pain, and ophthalmology. Oncology segment accounted for the largest revenue share in global market in 2020. Major prevalence of cancer, increasing awareness about the benefits of photomedicine in cancer treatment, and rising adoption of laser therapy in the diagnosis of cancer are some key factors driving revenue growth of this segment. Asia Pacific is expected to register a faster CAGR throughout the forecast period. Development of healthcare infrastructure is one of the major factors boosting revenue growth in this region.

The global market revenue growth is primarily attributed to factors such as rising prevalence of chronic and acute illnesses across the globe, growing demand for personalized medicine, rise in research development activities in the pharmaceutical and biotechnology sectors, and rapid integration of emerging digital technologies such as artificial intelligence, Internet of Things (IoT), big data analytics, and blockchain in the healthcare industry.

Top Companies Profiled in the Report:

Colorado Skin Vein, Deka Laser Technologies, Lumenis, THOR Photomedicine Ltd., Verilux, Alma Lasers Ltd., AngioDynamics, PhotoMedex, Inc., IRIDEX Corporation, and Spectranetics.

Competitive Outlook of the Global Photomedicine Market

The globla Photomedicine market study focuses on the revenue growth trajectories of the leading companies in this market. This section of the report throws light on the highly competitive landscape of the Photomedicine market, pointing out the major players. The report further discusses the strategic initiatives undertaken by each of these market players, including mergers acquisitions, collaborations, joint ventures, new product launches, new business deals, and technological innovations.

Technology Outlook (Revenue, USD Billion; 2018-2028)

  • Lasers
  • Lamps
  • Polychromatic Polarized Light
  • Full spectrum lights

Application Outlook (Revenue, USD Billion; 2018-2028)

  • Dental
  • Oncology
  • Dermatology
  • Pain
  • Ophthalmology

Global Photomedicine Market Report: Table of Contents

  • Industry Overview
  • Market Dynamics
  • Market Segmentation
  • Regional Outlook
  • Competitive Landscape
  • Latest Developments
  • Research Methodology
  • List of Tables and Figures

Regional Outlook of the Global Photomedicine Market

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Spain
  • Asia Pacific
    • India
    • China
    • Japan
    • Australia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Peru
    • Mexico
    • Rest of Latin America
  • Middle East Africa
    • Saudi Arabia
    • South Africa
    • U.A.E
    • Rest of Middle East Africa

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