Published On : February 2018 Pages : 92 Category: Pharmaceuticals Report Code : HC02579
Industry Outlook and Trend Analysis
The Photomedicine Market was worth USD 2.45 billion in 2017 and is expected to reach approximately USD 5.98 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 10.40% during the forecast period. Photomedicine is an interdisciplinary branch of pharmaceutical that includes the treatment and conclusion of infections and different complexities identified with health by making the use of photobiology and light. Photomedicine treatment is finished by presenting the person to light with particular wavelengths by using lasers, fluorescent lights, and full-range light, along with other technologies. Moreover, photomedicine devices are also extensively being used for various aesthetic procedures such as tattoo removal and skin resurfacing purposes.
Technology Outlook and Trend Analysis
On the basis of technology, it is classified into polychromatic polarized light, lasers, full spectrum light, light emitting diodes, dichroic lamps and fluorescent lamps. Appropriate penetration of light in target areas and at specific frequencies helps to modify the cell and sub-atomic component of the tissue and help in treating various infections. These gadgets are used for indicative and remedial purposes for various fields, for example, pain management, dental procedures, wound healing, and oncology.
Application Outlook and Trend Analysis
Light is useful as a part of different therapeutic fields, for example, dermatology, oncology, cardiology, surgery, and optical diagnostics. The use of photomedicine devices is expanding in the treatment of heart diseases, different diseases, and in cancer diagnosis and treatment attributable to the joined advantages including successful light entrance empowering improved perception, which thusly encourages the indicative procedure.
Regional Outlook and Trend Analysis
North America held the biggest income share in 2017 at more than 49.0% inferable from good repayment policies, higher awareness levels, and more infiltration of laser therapeutics in the treatment of different illnesses in this area. Besides, expanding financing from public & private association for R&D relating to the improvement of cutting edge photomedicine devices to be connected in the analysis of different infections is foreseen to support the segment development in the following years. Asia Pacific is anticipated to demonstrate lucrative development in the upcoming years.
Competitive Insights
The leading players in the market are Syneron Medical, IRIDEX Corporation, THOR Photomedicine Ltd, PhotoMedex Inc, Asclepion Laser Technologies, Alma Lasers, QBMI Photomedicine, AngioDynamics Inc and Spectranetics Corporation. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Photomedicine Market is segmented as follows-
By Technology:
By Application:
By Region
Some of the key questions answered by the report are:
Market Classification
Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
4. Photomedicine Market, By Technology
4.1. Introduction
4.2. Global Photomedicine Sales, Revenue and Market Share By Technology (2017-2017)
4.2.1. Global Photomedicine Sales and Sales Share By Technology (2017-2017)
4.2.2. Global Photomedicine Revenue and Revenue Share By Technology (2017-2017)
4.3. Photomedicine Market Assessment and Forecast, By Technology, 2017-2023
4.4. Polychromatic Polarized Light
4.4.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
4.5. Light Emitting Diodes
4.5.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
4.6. Full Spectrum Light
4.6.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
4.7. Fluorescent Lamps
4.7.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
4.8. Lasers
4.8.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
4.9. Dichroic Lamps
4.9.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
5. Photomedicine Market, By Application
5.1. Introduction
5.2. Global Photomedicine Sales, Revenue and Market Share By Application (2017-2017)
5.2.1. Global Photomedicine Sales and Sales Share By Application (2017-2017)
5.2.2. Global Photomedicine Revenue and Revenue Share By Application (2017-2017)
5.3. The Photomedicine Market Assessment and Forecast, By Application, 2017-2023
5.4. Dermatology
5.4.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
5.5. Ophthalmology
5.5.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
5.6. Oncology
5.6.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
5.7. Surgical procedures
5.7.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
5.8. Dentistry
5.8.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
5.9. Other Application
5.9.1. Market Assessment and Forecast, By Region, 2017-2023($Million)
6. Photomedicine Market, By Region
6.1. Introduction
6.2. Photomedicine Market Assessment and Forecast, By Region, 2017-2023 ($Million)
6.3. Global Photomedicine Sales, Revenue and Market Share by Regions
6.3.1. Global Photomedicine Sales by Regions (2017-2017)
6.3.2. Global Photomedicine Revenue by Regions (2017-2017)
6.4. North America
6.4.1. North America Photomedicine Sales and Growth Rate (2017-2017)
6.4.2. Market Assessment and Forecast, By Country, 2017-2023($Million)
6.4.3. Market Assessment and Forecast, By Technology, 2017-2023($Million)
6.4.4. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.4.5. U.S.
6.4.5.1. Market Assessment and Forecast, By Technology, 2017-2023($Million)
6.4.5.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.4.6. Canada
6.4.6.1. Market Assessment and Forecast, By Technology, 2017-2023($Million)
6.4.6.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.4.7. Mexico
6.4.7.1. Market Assessment and Forecast, By Technology, 2017-2023($Million)
6.4.7.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.5. Europe
6.5.1. Europe Photomedicine Sales and Growth Rate (2017-2017)
6.5.2. Market Assessment and Forecast, By Country, 2017-2023($Million)
6.5.3. Market Assessment and Forecast, By Technology, 2017-2023($Million)
6.5.4. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.5.5. Germany
6.5.5.1. Market Assessment and Forecast, By Technology, 2017-2023($Million)
6.5.5.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.5.6. France
6.5.6.1. Market Assessment and Forecast, By Technology, 2017-2023($Million)
6.5.6.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.5.7. UK
6.5.7.1. Market Assessment and Forecast, By Technology, 2017-2023($Million)
6.5.7.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.5.8. Italy
6.5.8.1. Market Assessment and Forecast, By Technology, 2017-2023($Million)
6.5.8.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.5.9. Spain
6.5.9.1. Market Assessment and Forecast, By Technology, 2017-2023($Million)
6.5.9.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.5.10. Rest of Europe
6.5.10.1. Market Assessment and Forecast, By Technology, 2017-2023($Million)
6.5.10.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.6. Asia-Pacific
6.6.1. Asia-Pacific Photomedicine Sales and Growth Rate (2017-2017)
6.6.2. Market Assessment and Forecast, By Country, 2017-2023($Million)
6.6.3. Market Assessment and Forecast, By Technology, 2017-2023($Million)
6.6.4. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.6.5. Japan
6.6.5.1. Market Assessment and Forecast, By Technology, 2017-2023($Million)
6.6.5.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.6.6. China
6.6.6.1. Market Assessment and Forecast, By Technology, 2017-2023($Million)
6.6.6.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.6.7. Australia
6.6.7.1. Market Assessment and Forecast, By Technology, 2017-2023($Million)
6.6.7.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.6.8. India
6.6.8.1. Market Assessment and Forecast, By Technology, 2017-2023($Million)
6.6.8.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.6.9. South Korea
6.6.9.1. Market Assessment and Forecast, By Technology, 2017-2023($Million)
6.6.9.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.6.10. Rest of Asia-Pacific
6.6.10.1. Market Assessment and Forecast, By Technology, 2017-2023($Million)
6.6.10.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.7. Rest of the World
6.7.1. Rest of the World Photomedicine Sales and Growth Rate (2017-2017)
6.7.2. Market Assessment and Forecast, By Country, 2017-2023($Million)
6.7.3. Market Assessment and Forecast, By Technology, 2017-2023($Million)
6.7.4. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.7.5. Brazil
6.7.5.1. Market Assessment and Forecast, By Technology, 2017-2023($Million)
6.7.5.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.7.6. Turkey
6.7.6.1. Market Assessment and Forecast, By Technology, 2017-2023($Million)
6.7.6.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.7.7. Saudi Arabia
6.7.7.1. Market Assessment and Forecast, By Technology, 2017-2023($Million)
6.7.7.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.7.8. South Africa
6.7.8.1. Market Assessment and Forecast, By Technology, 2017-2023($Million)
6.7.8.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.7.9. United Arab Emirates
6.7.9.1. Market Assessment and Forecast, By Technology, 2017-2023($Million)
6.7.9.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
6.7.10. Others
6.7.10.1. Market Assessment and Forecast, By Technology, 2017-2023($Million)
6.7.10.2. Market Assessment and Forecast, By Application, 2017-2023($Million)
7. Company Profiles
7.1. PhotoMedex, Inc.
7.1.1. Business Overview
7.1.2. Product Portfolio
7.1.3. Strategic Developments
7.1.4. Photomedicine Sales, Revenue and Market Share
7.2. Syneron Medical Ltd.
7.2.1. Business Overview
7.2.2. Product Portfolio
7.2.3. Strategic Developments
7.2.4. Photomedicine Sales, Revenue and Market Share
7.3. Asclepion Laser Technologies GmbH
7.3.1. Business Overview
7.3.2. Product Portfolio
7.3.3. Strategic Developments
7.3.4. Photomedicine Sales, Revenue and Market Share
7.4. Alma Lasers
7.4.1. Business Overview
7.4.2. Product Portfolio
7.4.3. Strategic Developments
7.4.4. Photomedicine Sales, Revenue and Market Share
7.5. QBMI Photomedicine
7.5.1. Business Overview
7.5.2. Product Portfolio
7.5.3. Strategic Developments
7.5.4. Photomedicine Sales, Revenue and Market Share
7.6. THOR Photomedicine Ltd
7.6.1. Business Overview
7.6.2. Product Portfolio
7.6.3. Strategic Developments
7.6.4. Photomedicine Sales, Revenue and Market Share
7.7. Lumenis Ltd.
7.7.1. Business Overview
7.7.2. Product Portfolio
7.7.3. Strategic Developments
7.7.4. Photomedicine Sales, Revenue and Market Share
7.8. AngioDynamics
7.8.1. Business Overview
7.8.2. Product Portfolio
7.8.3. Strategic Developments
7.8.4. Photomedicine Sales, Revenue and Market Share
7.9. Spectranetics
7.9.1. Business Overview
7.9.2. Product Portfolio
7.9.3. Strategic Developments
7.9.4. Photomedicine Sales, Revenue and Market Share
8. Global Photomedicine Market Competition, by Manufacturer
8.1. Global Photomedicine Sales and Market Share by Manufacturer (2017-2017)
8.2. Global Photomedicine Revenue and Market Share by Manufacturer (2017-2017)
8.3. Top 5 Photomedicine Manufacturer Market Share
8.4. Market Competition Trend
List of Tables
*You can glance through the list of Tables and Figures when you view the sample copy of Photomedicine Market.
Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
Data Collection Matrix
Data Collection Matrix |
Supply Side |
Demand Side |
Primary Data Sources |
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Secondary Data Sources |
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Market Modeling and Forecasting
We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.
We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.
Data Validation
We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.
Data Triangulation
Industry Analysis
Qualitative Data |
Quantitative Data (2017-2025) |
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