Photobiostimulation Devices Market to Reach US$ 300 Million By 2027 With CAGR of 6% | Transparency Market Research

Transparency Market Research (TMR) has published a new report on the photobiostimulation devices market for the forecast period of 2019 to 2027.

• According to the report, the global photobiostimulation devices market was valued at US$ 180 Mn in 2018, and is projected to expand at a CAGR of more than 6% from 2019 to 2027, to reach a market value exceeding US$ 300 Mn by 2027 end. The global photobiostimulation devices market is driven by the increased awareness and acceptance of photobiostimulation devices due to their proven benefits in applications such as pain management, wound care, cosmetic procedures, and other medical disorders.
• The global photobiostimulation devices market has been segmented based on wavelength type, application, end user, and region
• In terms of wavelength type, the global photobiostimulation devices market has been categorized into infrared light, red light, and others
• Based on application, the global photobiostimulation devices market has been classified into pain management, wound care, cosmetic applications, and others.
• In terms of end user, the global photobiostimulation devices market has been divided into specialty clinics, research institutions, home care, and others.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐰𝐢𝐭𝐡 𝐆𝐫𝐚𝐩𝐡𝐬 & 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐅𝐢𝐠𝐮𝐫𝐞𝐬 𝐚𝐭 (𝐔𝐬𝐞 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐌𝐚𝐢𝐥 𝐈𝐝 𝐟𝐨𝐫 𝐐𝐮𝐢𝐜𝐤 𝐑𝐞𝐬𝐩𝐨𝐧𝐬𝐞) - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=66995

𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐢𝐧 𝐍𝐮𝐦𝐛𝐞𝐫 𝐨𝐟 𝐏𝐚𝐭𝐢𝐞𝐧𝐭𝐬 𝐰𝐢𝐭𝐡 𝐂𝐡𝐫𝐨𝐧𝐢𝐜 𝐏𝐚𝐢𝐧 𝐚𝐧𝐝 𝐎𝐭𝐡𝐞𝐫 𝐂𝐡𝐫𝐨𝐧𝐢𝐜 𝐈𝐥𝐥𝐧𝐞𝐬𝐬𝐞𝐬 𝐭𝐨 𝐃𝐫𝐢𝐯𝐞 𝐌𝐚𝐫𝐤𝐞𝐭

• The global photobiostimulation devices market is driven by the increasing incidences of chronic diseases, rapidly aging population, and rise in the availability of emergency medical services centers.
• Photobiostimulation has been investigated and clinically used for more than 30 years. Numerous studies have concluded that, photobiostimulation devices are effective for the treatment of musculoskeletal disorders, arthritis, wound care, and many more.
• Rapid increase in the incidence rate of chronic diseases across the globe will lead to a rise in the number of patients who will undergo treatment using techniques such as photobiostimulation and light therapy. This, in turn, is projected to increase the uptake of photobiostimulation devices, thereby boosting the growth of the photobiostimulation devices
• A number of international studies have estimated that, between 10.1% and 55.2% of the population is afflicted with pain. In the U.S., 20% to 30% of the general population experiences chronic or recurring pain. Approximately, two-thirds of these individuals have had pain for more than five years.

𝐑𝐢𝐬𝐞 𝐢𝐧 𝐏𝐚𝐭𝐢𝐞𝐧𝐭 𝐏𝐫𝐞𝐟𝐞𝐫𝐞𝐧𝐜𝐞 𝐟𝐨𝐫 𝐌𝐢𝐧𝐢𝐦𝐚𝐥𝐥𝐲 𝐈𝐧𝐯𝐚𝐬𝐢𝐯𝐞 𝐓𝐡𝐞𝐫𝐚𝐩𝐢𝐞𝐬 𝐚𝐧𝐝 𝐍𝐨𝐧-𝐢𝐧𝐯𝐚𝐬𝐢𝐯𝐞 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭

• The American Society of Plastic Surgeons estimated that, over 17.7 million minimally-invasive aesthetic procedures were performed in the U.S. in 2017, a 2% increase over 2016. This indicates the high popularity of minimally-invasive procedures in dermatological applications.
• For simple skin-related problems such as unwanted hair, wrinkles, and lines, patients prefer faster solutions with minimal pain that help them resume work at the earliest. Furthermore, the introduction of hand-held photobiostimulation devices is likely to increase convenience for service providers, thereby boosting the uptake of these devices, and, in turn, the growth of the photobiostimulation devices

𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐢𝐧 𝐆𝐞𝐫𝐢𝐚𝐭𝐫𝐢𝐜 𝐏𝐨𝐩𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐭𝐨 𝐃𝐫𝐢𝐯𝐞 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐏𝐡𝐨𝐭𝐨𝐛𝐢𝐨𝐬𝐭𝐢𝐦𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐃𝐞𝐯𝐢𝐜𝐞𝐬 𝐟𝐨𝐫 𝐏𝐚𝐢𝐧 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭, 𝐖𝐨𝐮𝐧𝐝 𝐂𝐚𝐫𝐞, 𝐞𝐭𝐜.

• Increase in the geriatric population is a major driver of the global photobiostimulation devices market. Elderly individuals increase the patient pool in major regions of the world. According to World Health Organization (WHO) estimates, the global geriatric population is likely to reach 2 billion (22% of the global population) by 2050, which was around 962 million in 2017.
• The global geriatric population is expected to increase at faster rate in developed countries such as the U.S., the U.K., and Japan. Brazil, China, Thailand, and South Korea are expected to have a large geriatric population in the shortest span of time in the near future.
• This increase in the geriatric population is anticipated to boost the growth of the photobiostimulation devices market, as this section of the population is more prone to various age-related as well as chronic diseases. The need for photobiostimulation devices among such patients is relatively higher, which increases the demand for photobiostimulation devices for pain management.

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 | 𝐈𝐦𝐦𝐞𝐝𝐢𝐚𝐭𝐞 𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐲 𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞 𝐚𝐭 - https://www.transparencymarketresearch.com/checkout.php?rep_id=66995<ype=S

𝐂𝐨𝐬𝐦𝐞𝐭𝐢𝐜 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐆𝐫𝐨𝐰 𝐑𝐚𝐩𝐢𝐝𝐥𝐲 𝐢𝐧 𝐭𝐡𝐞 𝐏𝐡𝐨𝐭𝐨𝐛𝐢𝐨𝐬𝐭𝐢𝐦𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐃𝐞𝐯𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

• The photobiostimulation devices market report offers detailed segmentation of the global photobiostimulation devices market based on wavelength type, application, and end user. The cosmetic applications segment is expected to expand at a significant CAGR in the photobiostimulation devices market during the forecast period. The cosmetic or aesthetic industry has expanded at a double digit growth rate, as a majority of the population is inclined toward enhancing their aesthetic appearance, and has accepted minimally-invasive procedures as a way to look appealing.
• Additionally, rise in disposable income is anticipated to increase the number cosmetic procedures across the world, which, in turn, is expected to boost the demand for photobiostimulation devices during the forecast period.
• However, photobiostimulation devices are categorized as high-risk laser devices. Hence, the product undergoes rigorous clinical trials prior to a PMA (premarket approval). Such rigorous premarket approval tests make it expensive and difficult for organizations to get their product approved and out in the photobiostimulation devices market. This is likely to act as a restraint of the global photobiostimulation devices market during the forecast period.

𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐃𝐨𝐦𝐢𝐧𝐚𝐭𝐞𝐝 𝐭𝐡𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐏𝐡𝐨𝐭𝐨𝐛𝐢𝐨𝐬𝐭𝐢𝐦𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐃𝐞𝐯𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

• North America was the leading market for photobiostimulation devices in 2018. Factors such as aging population, increase in incidences of pain and wound diseases, and highly structured healthcare industry are fueling the growth of the photobiostimulation devices market in the region.
• According to the National Center for Complementary and Integrative Health, in 2016, approximately 20% of adults in the U.S. had chronic pain, and 8% had high-impact chronic pain. This is likely to drive the demand for photobiostimulation devices for pain management during the forecast period.

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐏𝐡𝐨𝐭𝐨𝐛𝐢𝐨𝐬𝐭𝐢𝐦𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐃𝐞𝐯𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

The photobiostimulation devices market report also provides the profiles of leading players operating in the global photobiostimulation devices market. These include Thor Photomedicine Ltd., Bioflex Laser Therapy, Ingeneus Pty. Ltd., Biolight Technologies, TheraDome, Inc., BioCare Systems, Inc., Erchonia Corporation, and Theralase Technologies, Inc.

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 -

𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐃𝐞𝐯𝐢𝐜𝐞 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.prnewswire.com/news-releases/medical-device-technologies-market-to-expand-at-cagr-of-4-3-during-forecast-period-notes-tmr-study-301515758.html

𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐈𝐦𝐚𝐠𝐢𝐧𝐠 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.prnewswire.com/news-releases/medical-imaging-equipment-market-to-expand-at-cagr-of-5-4-during-forecast-period-observes-tmr-study-301524565.html

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬

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