Photomedicine Market Study By Advanced Technology, and By Top Key Players Abbott Laboratories, Alma Lasers Ltd., Angiodynamics, Inc., Biolitec AG, Colorado Skin and Vein, Koninklijke Philips N.V., Lumenis Ltd., PhotoMedex.

The global photomedicine market was valued at $2,750 million in 2015, and is projected to reach $5,511 million by 2022, growing at a CAGR of 10.3% from 2016 to 2022. In photomedicine, light is emitted at specific frequencies with the help of different technologies such as laser, dichromatic lamps, and light emitting diodes. Proper penetration of light at target areas and at specific frequencies help to alter the cellular and molecular mechanism of the tissue and help in treatment of different diseases. These devices are used for diagnostic and therapeutic purposes for different fields such as pain management, wound healing, dental procedures, and oncology. Furthermore, photomedicine devices are also increasingly being used for different aesthetic procedures such as tattoo removal and skin resurfacing purposes.

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Photomedicine is the branch of medicine that involves the study of light and its application in the treatment and diagnosis of diseases. Different photomedicine technologies such as laser, fluorescent lamps, and polychromatic polarized light are used for various diagnostic and therapeutic purposes. In photomedicine, light at specific wavelength is used for therapeutic purposes in different fields such as ophthalmology, dermatology, and oncology. In addition, these technologies are also used for various aesthetic purposes such as hair and tattoo removal.

Increased awareness related to beauty and physical appearance among the youth, augmented R&D investment on photomedicine, and advancement in technology are anticipated to boost the market growth. The rise in the prevalence of various skin diseases such as psoriasis and acnes and eye diseases such as dry eyes and other vision problems will positively impact the market growth. The increase in incidence of neonatal jaundice and increase in awareness about the benefits of photomedicine also fuel the market growth. However, safety issues related to photomedicine devices and competition from alternative treatment methods are anticipated to hinder the market growth.

Aesthetic procedures segment is expected to be the fastest growing segment throughout the analysis period. It accounted for almost one-third of the total share of the market in 2015, owing to growing adoption of minimally invasive aesthetic technology and increasing awareness of physical appearance.

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In 2015, North America had the maximum contribution in the photomedicine segment accounting for 36% of the share in the total revenue generated that year. High buying power of the customers, favorable reimbursement policies, and increase in number of cosmetic surgeries in the U.S. largely contribute toward the growth of this region. Asia-Pacific region observes fast paced growth in the photomedicine market registering a CAGR of 11.4%. Rise in disposable income, increase in healthcare expenditure and high potential for cost-savings on aesthetic procedures in Asian countries such as Singapore and Malaysia as compared to U.S. are the main reason for the growth of photomedicine market in the Asia-Pacific region.

The major companies profiled in the report provide extensive competitive analysis and profiles of key market players including

• Abbott Laboratories,
• Alma Lasers Ltd.,
• Angiodynamics, Inc.,
• Biolitec AG,
• Colorado Skin and Vein,
• Koninklijke Philips N.V.,
• Lumenis Ltd.,
• PhotoMedex, Inc.,
• Syneron Medical Ltd., and
• Thor Photomedicine Ltd.

LIST OF TABLES

TABLE 1. PATENTS REGISTERED/APPROVED IN THE WORLD 2011-2016
TABLE 2. CHINA: PATENT ANALYSIS, BY MARKET PARTICIPANT, 2010-2016
TABLE 3. U.S.: PATENT ANALYSIS, BY MARKET PARTICIPANT, 2011 - 2016
TABLE 4. EUROPE: PATENT ANALYSIS, BY MARKET PARTICIPANT, 2011-2016
TABLE 5. EUROPE: PATENT ANALYSIS, BY MARKET PARTICIPANT, 2011-2016
TABLE 6. GLOBAL PHOTOMEDICINE MARKET, BY TECHNOLOGY ($ MILLION)
TABLE 7. LASERS MARKET, BY GEOGRAPHY ($ MILLION)
TABLE 8. POLYCHROMATIC POLARIZED LIGHT MARKET, BY GEOGRAPHY ($ MILLION)
TABLE 9. FULL SPECTRUM LIGHT MARKET, BY GEOGRAPHY ($ MILLION)
TABLE 10. DICHROIC LAMPS MARKET, BY GEOGRAPHY ($ MILLION)
TABLE 11. LIGHT EMITTING DIODES MARKET, BY GEOGRAPHY ($ MILLION)
TABLE 12. FLUORESCENT LAMPS MARKET, BY GEOGRAPHY ($ MILLION)
TABLE 13. GLOBAL PHOTOMEDICINE MARKET, BY APPLICATION ($ MILLION)
TABLE 14. MARKET TABLE, BY GEOGRAPHY
TABLE 15. NORTH AMERICA PHOTOMEDICINE MARKET, BY PRODUCT ($ MILLION)
TABLE 16. NORTH AMERICA PHOTOMEDICINE MARKET, BY APPLICATION ($ MILLION)
TABLE 17. NORTH AMERICA PHOTOMEDICINE MARKET, BY COUNTRY ($ MILLION)
TABLE 18. EUROPE PHOTOMEDICINE MARKET, BY PRODUCT ($ MILLION)
TABLE 19. EUROPE PHOTOMEDICINE MARKET, BY APPLICATION ($ MILLION)
TABLE 20. EUROPE PHOTOMEDICINE MARKET, BY COUNTRY ($ MILLION)
TABLE 21. ASIA-PACIFIC PHOTOMEDICINE MARKET, BY PRODUCT ($ MILLION)
TABLE 22. ASIA-PACIFIC PHOTOMEDICINE MARKET, BY APPLICATION ($ MILLION)
TABLE 23. ASIA-PACIFIC PHOTOMEDICINE MARKET, BY COUNTRY ($ MILLION)
TABLE 24. LAMEA PHOTOMEDICINE MARKET, BY PRODUCT ($ MILLION)
TABLE 25. LAMEA PHOTOMEDICINE MARKET, BY APPLICATION ($ MILLION)
TABLE 26. LAMEA PHOTOMEDICINE MARKET, BY COUNTRY ($ MILLION)
TABLE 27. ABBOTT: COMPANY SNAPSHOT
TABLE 28. ABBOTT: OPERATING SEGMENTS
TABLE 29. ALMA LASER: COMPANY SNAPSHOT
TABLE 30. ALMA LASER: OPERATING SEGMENTS
TABLE 31. ANGIODYNAMICS: COMPANY SNAPSHOT
TABLE 32. ANGIODYNAMICS: OPERATING SEGMENT
TABLE 33. BIOLITEC: COMPANY SNAPSHOT
TABLE 34. COLORADO: COMPANY SNAPSHOT
TABLE 35. COLORADO: OPERATING SEGMENT
TABLE 36. PHILIPS: COMPANY SNAPSHOT
TABLE 37. PHILIPS: OPERATING SEGMENT
TABLE 38. LUMENIS: COMPANY SNAPSHOT
TABLE 39. LUMENIS: OPERATING SEGMENT
TABLE 40. PHOTOMEDEX: COMPANY SNAPSHOT
TABLE 41. PHOTOMEDEX: OPERATING SEGMENT
TABLE 42. SYNERON: COMPANY SNAPSHOT
TABLE 43. THOR: COMPANY SNAPSHOT
TABLE 44. THOR: OPERATING SEGMENTS

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