Global photobiostimulation devices market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 6% during the forecast period.
Global photobiostimulation devices market
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Global photobiostimulation devices market Definition
Photobiostimulation devices are the special type of LED light therapy devices that are used for reducing inflammation, pain, and edema, for the healing of the wound, nerves, and deeper tissue and for preventing tissue damage. Photobiostimulation is a process of stimulation of several cellular functions by the use of light therapy without heat and without causing tissue damage.
Global photobiostimulation devices market Dynamics
The growing demand for effective pain and inflammation-reducing devices across the globe is a major driving factor behind the growth of the market. The increasing popularity of alternatives such as non-invasive treatment therapies, rising number of patients related with chronic pain, the demand for cost-effective treatment devices, increased use of photobiostimulation devices after dental implant surgery, high disposable incomes and growing technological developments in devices using different wavelengths of light are expected to improve the growth of the market during the forecast period.
However, the availability of various counterfeits products, safety concerns, and the requirement of skilled personnel to operate photobiostimulation devices are major restraining factors that could hamper the growth of the market.
Global Photobiostimulation Devices Market: Segmentation Analysis
By wavelength type, an infrared light segment dominated the market in 2019 and is expected to maintain its dominance at CAGR of XX% during the forecast period. The growing use of infrared light based photobiostimulation devices is driving the growth of the market. Infrared light wavelength is ranging from 800nm to 1mm. For deeper penetration into the body tissue, wavelengths between 780 and 950 nm are used. Infrared light is easily absorbed by living tissues, mainly the skin, muscle, and connective tissue. The properties of infrared light can help with the treatments and conditions such as improvement in skin elasticity, increased vascularisation, stimulation of the synthesis of new collagen, deep thermal increase, and increased dermal oxygenation, which is ultimately propelling the growth of the market.
By application, the wound care segment is projected to witness high growth at CAGR of XX%. The growing use of photobiostimulation devices for diabetic foot ulcers (wound healing) is driving the growth of the market. Also, increasing concern for various wounds to the skin such as turf burns, abrasions, surgical incisions, and ulcerations leads to the increasing demand for effective photobiostimulation devices in the global market which is further propelling the growth of the market.
Global Photobiostimulation Devices Market: Regional Analysis
Region-wise, North America held the largest market share in 2019 and is expected to continue its dominance at CAGR of XX% during the forecast period. The US and Canada are the major key contributors to the growth of the market. The growth is attributed to the massive presence of leading market players in the region. Increasing trend and demand for advanced-technology based minimally invasive treatment therapies across the region is driving the growth of the market.
Increasing demand for simple and handheld personal therapeutic devices for personal home therapy and ongoing technological advancements in the various medical devices to provide quick results is further propelling the growth of the market in the region.
The objective of the report is to present a comprehensive analysis of the Global Photobiostimulation Devices Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Photobiostimulation Devices Market dynamics, structure by analyzing the market segments and projects the Global Photobiostimulation Devices Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Photobiostimulation Devices Market make the report investor’s guide.
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The Scope of Global Photobiostimulation Devices Market: Inquire before buying
Global Photobiostimulation Devices Market, By Wavelength Type
• Infrared Light
• Red Light
• Others
Global Photobiostimulation Devices Market, By Application
• Pain Management
• Wound Care
• Cosmetic Applications
• Other Applications
Global Photobiostimulation Devices Market, By End User
• Specialty Clinics
• Research Institutions
• Home Care
• Others
Global Photobiostimulation Devices Market, By Region
• North America
• Europe
• Asia Pacific
• South America
• Middle East and Africa
Global Photobiostimulation Devices Market, Key Players
• THOR Photomedicine Ltd
• Bioflex Laser Therapy
• Ingeneus Pty. Ltd.
• iRestore Laser
• HairMax
• LumiWave
• Biolight Technologies
• Omega Laser Systems
• TheraDome Inc.
• Vielight Inc.
• iGrow Laser
• Pulse Laser Relief
• BTL
• HairMa
• Erchonia Corporation
• Theralase Technologies, Inc.
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