Photomedicine Market Size, Trends, Latest Insights, Analysis and Forecast 2024-2031

The global photomedicine market is anticipated to grow at a considerable CAGR of 7% during the forecast. The key companies operating in the industry are highly inclined towards the adoption of different growth strategies including capacity expansion, partnerships, mergers and acquisitions, geographical expansion, new product launches, and product innovation to remain competitive in the marketplace. For instance,

• In December 2020, Cellaria Inc in partnership with Spring Lab, Northeastern University, has been receipt of a National Institutes of Health (NIH) R01 has granted to extend and advance application for hard-to-treat cancers by innovative new photomedicine-based therapies. This partnership has been provided with $3.2M funding to develop precision therapeutics in relation with tailored to the requirements of specific patient populations. Cellaria Inc. has also provided omics data, to determine that which biomarkers are most actionable when it comes in contact with drug-resistant cells and while applying them to photomedicine.

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• In January 2020, Sebacia, Inc., launched Sebacia Microparticles in the US for the treatment of acne. This new microparticle was developed in collaboration with researchers from the Wellman Center of Photomedicine and also cleared the FDA approval. The new microparticles will also be using it and laser energy in dermatology. The company has also acquired Sienna Biopharmaceuticals 'SNA-001 (silver photo particle technology) effectively resolving outstanding patent litigation between the firms.

Global Photomedicine Market Report Segment

By Application

• Dermatology
• Ophthalmology
• Dentistry
• Oncology
• Wound Healing
• Others (Surgical Procedures)

By Technology

• Laser
• Bioptron Light Therapy
• Full Spectrum Light
• Dichroic Lamps
• Light Emiting Diodes (LED) & Fluorescent Lamps
• Polychromatic Polarized Light

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Photomedicine Market- Segment by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• Abbott
• Alma Lasers GMBH
• AngioDynamics, Inc.
• Aura Medical Group Pty Ltd.
• BIOLASE, Inc.
• biolitec AG
• Candela Corp.
• Carl Zeiss Meditec AG
• IRIDEX Corp.
• Koninklijke Philips N.V.
• LightScalpel, Inc.
• Lumenis Be Ltd.

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