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Global Photomedicine Market 2017-2021

Global Photomedicine Market 2017-2021

About Photomedicine

Photomedicine is the study and treatment of diseases through exposure to light. Light energy can cause mechanical and chemical reactions and heating effects. The transmission of light energy through photon absorption leads to many different outcomes in photomedicine. Moreover, there are many new applications of light energy such as disease diagnosis and imaging. Human beings have evolved in an environment where they spend roughly half their lives exposed to light from the sun.

Technavio’s analysts forecast the global photomedicine market to grow at a CAGR of 7.15% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global photomedicine market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Photomedicine Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Beurer
  • Koninklijke Philips
  • Lumie
  • Verilux
Other prominent vendors
  • Aura Daylight
  • Chromogenex
  • Compass Health Brands
  • Deka Laser Technologies
  • Demyk Lightmod Products
  • Ellipse
  • Erchonia
  • Lucimed
  • Nature Bright
  • Northern Light Technology
  • Photomedex
  • Red Light Man
  • Sphere Gadget Technologies
  • Zepter International
Market driver
  • Growing demand for diagnostic laser products
  • For a full, detailed list, view our report
Market challenge
  • Lack of awareness about photomedicine
  • For a full, detailed list, view our report
Market trend
  • Increasing adoption of advanced, laser-based treatments
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Photomedicine Market 2017-2021

Technavio recognizes the following companies as the key players in the global photomedicine market: Beurer, Koninklijke Philips, Lumie, and Verilux.

Other Prominent Vendors in the market are: Aura Daylight, Chromogenex, Compass Health Brands, Deka Laser Technologies, Demyk Lightmod Products, Ellipse, Erchonia, Lucimed, Nature Bright, Northern Light Technology, Photomedex, Red Light Man, Sphere Gadget Technologies, and Zepter International.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing adoption of advanced, laser-based treatments. Laser therapy has become one of the most common non-surgical medical procedures. Non-invasive laser procedures are used in various fields such as cosmetic surgery, dermatology, and other related surgeries. Non-surgical laser treatments cost a fraction of surgical procedures.”

According to the report, one driver in the market is growing demand for diagnostic laser products. Laser systems for diagnostic applications are the fastest growing segment globally. Lasers are extensively used in the diagnosis and treatment of several diseases. Their non-invasive technique compared with traditional procedures is an advantage. They are used in human tissues noninvasively where a beam could be transported by optic fibers. Light energy required is much lesser than in conventional light therapy products, and it does not alter the structure or function of the tissues investigated.

Further, the report states that one challenge in the market is lack of awareness about photomedicine. Photomedicine is an emerging branch of medicine used in various clinical and home-based treatment procedures in dermatology, neurology, pain and wound care, and orthopedics. With the per capita healthcare spending as high as $9,640 in Canada and $7,619 in the US, the market in these countries is ever expanding. The users of light therapy in these countries act as a reference group and create awareness about the products and related therapies among prospective users. The high disposable income, increased healthcare spending, and the availability of suitable healthcare facilities support the growth of the market.

Companies Mentioned

Beurer, Koninklijke Philips, Lumie, Verilux, Aura Daylight, Chromogenex, Compass Health Brands, Deka Laser Technologies, Demyk Lightmod Products, Ellipse, Erchonia, Lucimed, Nature Bright, Northern Light Technology, Photomedex, Red Light Man, Sphere Gadget Technologies, and Zepter International.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Market landscape
    • Market overview
      • Table Photomedicine product types
    • Types of light
      • Table Global photomedicine market: Snapshot
    • Market size and forecast
      • Table Global photomedicine market 2016-2021 ($ millions)
      • Table Impact of various factors on global photomedicine market
      • Table Stakeholder's chart for global photomedicine market
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Market overview
      • Table Global photomedicine market by end-users 2016-2021 (% share)
      • Table Global photomedicine market by end-users: Snapshot
    • Healthcare
      • Table Global photomedicine market by healthcare 2016-2021 ($ millions)
    • Domestic users
      • Table Global photomedicine market by domestic users 2016-2021 ($ millions)
    • Commercial users
      • Table Global photomedicine market by commercial users 2016-2021 ($ millions)
  • Geographical segmentation
    • Market overview
      • Table Global photomedicine market by geography 2016-2021 (% share)
      • Table Global photomedicine market by geography 2016-2021: Snapshot
    • Photomedicine market in Americas
      • Table Photomedicine market in Americas 2016-2021 ($ millions)
    • Photomedicine market in EMEA
      • Table Photomedicine market in EMEA 2016-2021 ($ millions)
    • Photomedicine market in APAC
      • Table Photomedicine market in APAC 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Increasing adoption of advanced, laser-based treatments
    • Growing preference for light therapy by dermatologists
    • Growing adoption of light therapy boxes to avoid winter blues
  • Vendor landscape
    • Competitive scenario
      • Table Competitive parameters in global photomedicine market
      • Table Strategic success factor of companies
  • Key vendor analysis
    • Beurer
      • Table Beurer: Profile
      • Table Beurer: Strength analysis
      • Table Beurer: Strategy assessment
      • Table Beurer: Opportunity assessment
    • Koninklijke Philips
      • Table Koninklijke Philips: Profile
      • Table Koninklijke Philips: Strength analysis
      • Table Koninklijke Philips: Strategy assessment
      • Table Koninklijke Philips.: Opportunity assessment
    • Lumie
      • Table Lumie: Profile
      • Table Lumie: Strength analysis
      • Table Lumie: Strategy assessment
      • Table Lumie: Opportunity assessment
    • Verilux
      • Table Verilux: Profile
      • Table Verilux: Strength analysis
      • Table Verilux: Strategy assessment
      • Table Verilux: Opportunity assessment
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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