Dublin, Nov. 21, 2024 (GLOBE NEWSWIRE) — The “Photomedicine Devices and Technologies Market Size, Share and Trends Analysis Report by Product (Dermatology, Wound Healing Pain Management, Optical Diagnostics, Oncology), Technology, and Region 2024-2030” report has been added to ResearchAndMarkets.com’s offering.
The global photomedicine devices and technologies market size is expected to reach USD 7.4 billion in 2030 and is anticipated to exhibit a growth rate of 10.9% during 2024 to 2030
Growing demand for minimally invasive aesthetic procedures is a key contributing factor toward the flourishing market growth. Rising concern amongst the youth regarding their physical and aesthetic appearance is a crucial factor responsible for this growth.
Moreover, benefits associated with the use of laser surgery, such as less recovery time, painless procedure, cost efficiency, and shorter length of hospital stay, are the factors expected to fuel the demand for minimally invasive aesthetic surgeries over the forecast period.
According to the report published by the American society of plastic surgeons, the total number of minimally invasive cosmetic procedures was 13,945,388 in 2014 and is expected to grow by 4% every year. Whereas, the number of procedures in the UK was 50,122 in 2013, which represents a growth of 17% as compared to the previous year. This represents the emergence of the laser-based cosmetic procedures, which in turn is expected to continue boosting the demand for photomedicine devices in the coming years.
In addition, higher adoption of laser surgery in vision correction, body contouring, and in cancer treatment are anticipated to drive the sector growth over the forecast period.
Photomedicine Devices And Technologies Market Report Highlights
- Oncology segment is expected to show lucrative growth in the near future due to the increasing global cancer incidence and government funding related to cancer research. In addition, the introduction of various photomedicine technologies in cancer treatment such as photodynamic therapy (PDT), immuno PDT, and fluorescence-guided surgery are anticipated to boost the usage rates in the coming years
- Dichroic lamps are expected to gain popularity in the next 7 years due to their increasing medical application, such as their use in illuminating the organs during endoscopy. On the other hand, laser surgery is anticipated to show substantial growth during the forecast period due to its increasing adoption by healthcare professionals and the growing awareness levels amongst the end users regarding the merits of laser use in surgeries
- For instance, miniature lasers and light emitting diodes, made up of biocompatible materials are used in optical sensing & therapy. Furthermore, the evolution of optogenetics has led to the development of highly efficient photonic devices with better level of integration achieved through neurological circuits thus enabling enhanced optical communication, which offer health monitoring and light activated in vivo therapies for disease treatment
- Asia Pacific photomedicine devices market is anticipated to show lucrative growth during the forecast period. Increasing demand for minimally invasive aesthetic procedures, soaring geriatric population, ongoing cancer research, and the increasing healthcare spending are contributing toward the highest regional growth
The leading players in the Photomedicine Devices and Technologies market include:
- Galderma
- Lumenis
- THOR Photomedicine Ltd
- Alma Lasers Ltd.
- QBMI Photomedicine
- AngioDynamics
- PhotoMedex, Inc.
- IRIDEX Corporation
- Spectranetics
- Syneron Medical Ltd.
- Candela
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 100 |
| Forecast Period | 2023 – 2030 |
| Estimated Market Value (USD) in 2023 | $3.64 Billion |
| Forecasted Market Value (USD) by 2030 | $7.4 Billion |
| Compound Annual Growth Rate | 10.9% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1. Methodology and Scope
1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
1.4. Research Scope and Assumptions
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Photomedicine Devices & Technologies Market Variables, Trends, & Scope
3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Million)
3.3. Market Dynamics
3.3.1. Market Drivers Analysis
3.3.2. Market Restraints Analysis
3.4. Photomedicine Devices & Technologies Market Analysis Tools
3.4.1. Porter’s Analysis
3.4.2. PESTEL Analysis
Chapter 4. Photomedicine Devices & Technologies Market: Product Estimates & Trend Analysis
4.1. Segment Dashboard
4.2. Photomedicine Devices & Technologies Market: Product Movement Analysis, USD Million, 2023 & 2030
4.3. Dermatology
4.3.1. Dermatology Market Revenue Estimates and Forecasts, 2017 – 2030 (USD Million)
4.3.1.1. Tattoo removal
4.3.1.2. Hair removal
4.3.1.3. Skin resurfacing
4.4. Wound Healing
4.4.1. Wound Healing Market Revenue Estimates and Forecasts, 2017 – 2030 (USD Million)
4.5. Pain Management
4.6. Oncology
4.7. Optical Diagnostics
4.8. Dental Procedures
4.9. Others
Chapter 5. Photomedicine Devices & Technologies Market: Technology Estimates & Trend Analysis
5.1. Segment Dashboard
5.2. Photomedicine Devices & Technologies Market: Technology Movement Analysis, USD Million, 2023 & 2030
5.3. Laser
5.3.1. Laser Market Revenue Estimates and Forecasts, 2017 – 2030 (USD Million)
5.4. Polychromatic Polarized Light
5.5. Full Spectrum Light
5.6. Dichroic Lamps
5.7. Light Emitting Diodes
Chapter 6. Photomedicine Devices & Technologies Market: Regional Estimates & Trend Analysis
6.1. Photomedicine Devices & Technologies Market Share, By Region, 2023 & 2030, USD Million
Chapter 7. Competitive Landscape
7.1. Recent Developments & Impact Analysis by Key Market Participants
7.2. Company Categorization
7.3. Company Heat Map Analysis
7.4. Company Profiles
7.4.1. Participant’s Overview
7.4.2. Financial Performance
7.4.3. Product Benchmarking
7.4.4. Recent Developments/ Strategic Initiatives
For more information about this report visit https://www.researchandmarkets.com/r/jm0mxc
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- Photomedicine Devices and Technologies Market
