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Photomedicine Technologies Market Size, Share, Analysis 2031

Photomedicine Technologies Market

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Segments - by Applications (Aesthetics & Dermatology [Hair Removal, Tattoo Removal, Skin Resurfacing, and Others], Dental Procedures, Oncology, Ophthalmology, Pain Management, and Wound Healing), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031.

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Author:

Raksha Sharma

Fact-checked by:

Vineet Pandey

Editor:

Shreyas Tandon

Report Description

Photomedicine Technologies Market Outlook 2031

The global photomedicine technologies market size was valued at USD 4.60 Billion in 2022 and is likely reach to USD 8.25 Billion by 2031, expanding at a CAGR of 6.7% during the forecast period 2023-2031. Growth of the market is attributed to rising demand for laser-based treatment.

Increased adoption of advanced, laser-based treatments, as well as increased awareness and new product launches, are attributed to the market growth. In the United States, approximately 31,892 laser skin resurfacing procedures and 178,488 laser or pulsed light hair removal procedures were performed, according to data published by the American society for aesthetic plastic surgery.

Furthermore, growing awareness of non-invasive procedures, advancements in laser delivery procedures, and rising demand for cosmetic surgeries are contributing to the growing adoption of advanced laser-based therapies, which is expected to fuel the market.

Market Trends, Drivers, Restraints, and Opportunities

Increasing clinical application is projected to drive the market.
Increase in laser-based treatment has fueled the market.
High cost of photomedicine and advanced imaging technology is estimated to hinder the market growth.
Development of nano-practices is anticipated to create immense opportunities for the market players.

Scope of Photomedicine Technologies Market Report

The report on the global photomedicine technologies market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Photomedicine Technologies Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Applications (Aesthetics & Dermatology [Hair Removal, Tattoo Removal, Skin Resurfacing, and Others], Dental Procedures, Oncology, Ophthalmology, Pain Management, and Wound Healing)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Lumenis; Photomedex, Inc.; LUMIBIRD; Candela Medical; Thor Photomedicine Ltd; and Johnson & Johnson.

Photomedicine Technologies Market Segment Insights:

The oncology segment is anticipated to expand during the forecast period

On the basis of applications, the photomedicine technologies market is segregated into aesthetics & dermatology, dental procedures, oncology, ophthalmology, pain management, and wound healing. The oncology segment is anticipated to hold a major market share during the forecast period.

Growth of the market is attributed to rising population, increasing disposable income, and growing awareness among population. Phototherapy is one of the most effective treatments for cancer.

In photodynamic therapy, light-sensitive drugs are injected into the body and settle into cancer cells. When the cells are exposed to specific light waves, the drugs are activated, causing the cells to die and the tumor to shrink.

The US Food and Drug Administration approved the photosensitizing agent porfimer sodium, or photofrin, for use in PDT to treat or relieve symptoms of esophageal cancer and non-small cell lung cancer.

Photomedicine Technologies Market Regional Outlook

The market in North America is projected to hold a major market share

In terms of regions, the global photomedicine technologies market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America photomedicine technology market is expected to grow significantly. The availability of advanced diagnostic tools, as well as a high level of awareness about these products, are the primary factors driving the market in North America.

Increased funding from public and private organizations for research and development pertaining to the development of advanced photomedicine devices to be used in the diagnosis of various diseases is expected to boost the sector.

Segments

Application

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

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Lumenis
Photomedex, Inc.
LUMIBIRD
Candela Medical
Thor Photomedicine Ltd
Johnson & Johnson.

Competitive Landscape

Major players competing in the photomedicine technologies market include Lumenis, Photomedex, Inc., LUMIBIRD, Candela Medical, Thor Photomedicine Ltd, and Johnson & Johnson.

Companies are engaging in mergers, acquisitions, and partnerships to extend their market share. The market is populated by a number of global and local businesses.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Photomedicine Technologies Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Photomedicine Technologies Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Photomedicine Technologies Market - Supply Chain
  4.5. Global Photomedicine Technologies Market Forecast
     4.5.1. Photomedicine Technologies Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Photomedicine Technologies Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Photomedicine Technologies Market Absolute $ Opportunity
5. Global Photomedicine Technologies Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Photomedicine Technologies Market Size and Volume Forecast by Applications
     5.3.1. Aesthetics & Dermatology Dental Procedures Oncology Ophthalmology Pain Management Wound Healing
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Photomedicine Technologies Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Photomedicine Technologies Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Photomedicine Technologies Demand Share Forecast, 2019-2026
7. North America Photomedicine Technologies Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Photomedicine Technologies Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Photomedicine Technologies Market Size and Volume Forecast by Applications
     7.4.1. Aesthetics & Dermatology Dental Procedures Oncology Ophthalmology Pain Management Wound Healing
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Photomedicine Technologies Demand Share Forecast, 2019-2026
8. Latin America Photomedicine Technologies Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Photomedicine Technologies Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Photomedicine Technologies Market Size and Volume Forecast by Applications
     8.4.1. Aesthetics & Dermatology Dental Procedures Oncology Ophthalmology Pain Management Wound Healing
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Photomedicine Technologies Demand Share Forecast, 2019-2026
9. Europe Photomedicine Technologies Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Photomedicine Technologies Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Photomedicine Technologies Market Size and Volume Forecast by Applications
     9.4.1. Aesthetics & Dermatology Dental Procedures Oncology Ophthalmology Pain Management Wound Healing
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Photomedicine Technologies Demand Share Forecast, 2019-2026
10. Asia Pacific Photomedicine Technologies Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Photomedicine Technologies Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Photomedicine Technologies Market Size and Volume Forecast by Applications
     10.4.1. Aesthetics & Dermatology Dental Procedures Oncology Ophthalmology Pain Management Wound Healing
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Photomedicine Technologies Demand Share Forecast, 2019-2026
11. Middle East & Africa Photomedicine Technologies Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Photomedicine Technologies Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Photomedicine Technologies Market Size and Volume Forecast by Applications
     11.4.1. Aesthetics & Dermatology Dental Procedures Oncology Ophthalmology Pain Management Wound Healing
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Photomedicine Technologies Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Photomedicine Technologies Market: Market Share Analysis
  12.2. Photomedicine Technologies Distributors and Customers
  12.3. Photomedicine Technologies Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Lumenis Photomedex, Inc. LUMIBIRD Candela Medical Thor Photomedicine Ltd Johnson & Johnson.

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