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The photomedicine market is segmented by Application (Aesthetics & Dermatology, Dental Procedures, Oncology, Ophthalmology, Pain Management, and Wound Healing), and Geography.
Fastest Growing Market:
The global photomedicine technology market is expected to register a CAGR of 5.2% during the forecast period.
The growth is attributed to increasing adoption of advanced, laser-based treatments, raising awareness and new product launches. According to the American Society for Aesthetic Plastic Surgery (ASAPS), laser hair removal treatments were the third most popular non-surgical cosmetic procedure in 2017. According to the data published by the American Society for Aesthetic Plastic Surgery, about 31,892 laser skin resurfacing procedures and 178,488 laser or pulsed light hair removal procedures were undertaken in the United States in 2017.
Furthermore Increasing awareness about non-invasive procedures, advancements in laser delivery procedures, and rising demand for cosmetic surgeries are contributing to the expanding adoption of advanced laser-based therapies, which, in turn, is expected to fuel the growth of the global photomedicine technology market during the forecast period. However, the high cost of photomedicine and advanced device technologies are expected to hinder the market growth.
As per the scope of this report, photomedicine is a branch of medicine that deals with the application of light with respect to health and disease. This report on the photomedicine market includes the range of products and services being used by (but not limited to) hospitals, clinics, organization, and individuals for healthcare therapies.
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Several global and local companies are operating in the market. The market is observing significant technological shifts and market participants are competing on the basis of product advancements such as increased efficacy and ease of operation. Key players in the market include Alma Lasers, Beurer GmbH, Biolitec AG, Koninklijke Philips N.V., Lumenis, Photomedex, Inc., Quantel Medical, Inc., Candela Corporation, Thor Photomedicine Ltd, and Verilux, Inc.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Adoption of Advanced Laser-Based Treatments
4.2.2 Increased Awareness for Aesthetics
4.3 Market Restraints
4.3.1 Safety Issues Related to Photomedicine Devices
4.3.2 High Cost of Photomedicine Procedures
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Application
5.1.1 Aesthetics & Dermatology
220.127.116.11 Hair Removal
18.104.22.168 Tattoo Removal
22.214.171.124 Skin Resurfacing
126.96.36.199 Other Aesthetics & Dermatology Applications
5.1.2 Dental Procedures
5.1.5 Pain Management
5.1.6 Wound Healing
5.2.1 North America
188.8.131.52 United States
184.108.40.206 United Kingdom
220.127.116.11 Rest of Europe
18.104.22.168 South Korea
22.214.171.124 Rest of Asia-Pacific
5.2.4 Middle-East and Africa
126.96.36.199 South Africa
188.8.131.52 Rest of Middle-East and Africa
5.2.5 South America
184.108.40.206 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Alma Lasers
6.1.2 Beurer GmbH
6.1.3 Biolitec AG
6.1.4 Koninklijke Philips N.V.
6.1.6 Photomedex, Inc.
6.1.7 Quantel Medical, Inc.
6.1.8 Syneron Candela
6.1.9 Thor Photomedicine Ltd
6.1.10 Verilux, Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments