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New report shares details about the photomedicine market that is poised to grow at 7.15% CAGR by 2021

New report shares details about the photomedicine market that is poised to grow at 7.15% CAGR by 2021

Global Photomedicine Market 2017-2021 report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

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Global Photomedicine Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The analysts forecast global photomedicine market to grow at a CAGR of 7.15% during the period 2017-2021.

Complete Photomedicine Market

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Photomedicine is the study and treatment of diseases through exposure to light.

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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.

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One trend in the Photomedicine 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.

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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.

According to the report, one driver in the photomedicine 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.

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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?

List of Exhibits
Exhibit 01: Photomedicine product types
Exhibit 02: Global photomedicine market: Snapshot
Exhibit 03: Global photomedicine market 2016-2021 ($ millions)
Exhibit 04: Impact of various factors on global photomedicine market
Exhibit 05: Stakeholder's chart for global photomedicine market
Exhibit 06: Five forces analysis
Exhibit 07: Global photomedicine market by end-users 2016-2021 (% share)
Exhibit 08: Global photomedicine market by end-users: Snapshot
Exhibit 09: Global photomedicine market by healthcare 2016-2021 ($ millions)
Exhibit 10: Global photomedicine market by domestic users 2016-2021 ($ millions)
Exhibit 11: Global photomedicine market by commercial users 2016-2021 ($ millions)
Exhibit 12: Global photomedicine market by geography 2016-2021 (% share)
Exhibit 13: Global photomedicine market by geography 2016-2021: Snapshot and more..

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