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Photobiostimulation Devices Market

Global Photobiostimulation Devices Market Size, Share, Price: By Wavelength Type: Infrared Light, Red Light, Others; By Application: Pain Management, Wound Care, Cosmetic Applications, Others; By End Use: Specialty Clinics, Research Institutions, Home Care, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032

Global Photobiostimulation Devices Market Outlook

The global photobiostimulation devices market size attained a value of 196.36 million in 2023. The market is expected to grow at a CAGR of 5.83% between 2024 and 2032, reaching almost 326.99 million by 2032.

 

Global Photobiostimulation Devices Market

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The photobiostimulation devices market is further expected to grow in the forecast period of 2024-2032 at a CAGR of around 6.2% to reach USD 268.5 million by 2026. A rising number of chronic diseases, a rapidly growing population, and the increased availability of emergency medical services are driving the global market for photobiostimulation devices.

 

Market Segmentation

Photobiostimulation devices are used to reduce pain, inflammation and oedema, to facilitate the healing of wounds, tissues and nerves and to prevent damage to the tissue. Modern photobiostimulation devices use LEDs to generate the required wavelength for specific results. Photobiostimulation devices work mainly because light acts on a protein in the mitochondria of the cell, resulting in an increase in ATP and a reduction in oxidative stress. Eventually, a series of intracellular processes leads to better tissue and less inflammation.

 

Global Photobiostimulation Devices Market By Application

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Based on the wavelength type, the photobiostimulation devices market can be divided into:

  • Infrared Light
  • Red Light
  • Others

The photobiostimulation devices market can be broadly categorised based on its applications into:

  • Pain Management
  • Wound Care
  • Cosmetic Applications
  • Others

It finds end-use in the following sectors:

  • Speciality Clinics
  • Research Institutions
  • Home Care
  • Others

The EMR report looks into the regional markets of photobiostimulation devices like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

 

Global Photobiostimulation Devices Market By Region

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Market Analysis

The growth of the photobiostimulation devices is motivated by factors like the growing trend of non-invasive treatment methods, the increasing number of patients suffering from chronic pain, and the need for affordable treatment options. But while the FDA licenses photobiostimulation devices, the rules governing the manufacture of these devices are relatively complex, resulting in several inferior quality products on the market. Also, several counterfeit products are available on the market, which hinders the overall growth of the market for photobiostimulation products.

 

Competitive Landscape

The report presents a detailed analysis of the following key players in the global photobiostimulation devices market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Thor Photomedicine Ltd.
  • Ingeneus Pty. Ltd.
  • BioLight Technologies LLC
  • Theradome Inc.
  • Erchonia Corporation
  • Theralase Technologies Inc.
  • Others 

The EMR report gives an in-depth insight into the photobiostimulation devices market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2017-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Wavelength Type
  • Application
  • End Use
  • Region
Breakup by Wavelength Type
  • Infrared Light
  • Red Light
  • Others
Breakup by Application
  • Pain Management
  • Wound Care
  • Cosmetic Applications
  • Others
Breakup by End Use
  • Specialty Clinics
  • Research Institutions
  • Home Care
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Thor Photomedicine Ltd.
  • Ingeneus Pty. Ltd.
  • BioLight Technologies LLC
  • Theradome Inc.
  • Erchonia Corporation
  • Theralase Technologies Inc.
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Photobiostimulation Devices Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Photobiostimulation Devices Historical Market (2018-2023) 
    8.3    Global Photobiostimulation Devices Market Forecast (2024-2032)
    8.4    Global Photobiostimulation Devices Market by Wavelength Type
        8.4.1    Infrared Light
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Red Light
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Others
    8.5    Global Photobiostimulation Devices Market by Application
        8.5.1    Pain Management
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Wound Care 
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Cosmetic Applications
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Others
    8.6    Global Photobiostimulation Devices Market by End Use
        8.6.1    Specialty Clinics
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Research Institutions
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Home Care
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Others   
    8.7    Global Photobiostimulation Devices Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023)
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023)
            8.7.5.2    Forecast Trend (2024-2032)
9    North America Photobiostimulation Devices Market Analysis
    9.1    United States of America
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
10    Europe Photobiostimulation Devices Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Photobiostimulation Devices Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023)
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Photobiostimulation Devices Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Photobiostimulation Devices Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Thor Photomedicine Ltd.
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Ingeneus Pty. Ltd.
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    BioLight Technologies LLC
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Theradome Inc.
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Erchonia Corporation
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Theralase Technologies Inc.
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Others
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Photobiostimulation Devices Market: Key Industry Highlights, 2018 and 2032
2.    Global Photobiostimulation Devices Historical Market: Breakup by Wavelength Type (USD Million), 2018-2023
3.    Global Photobiostimulation Devices Market Forecast: Breakup by Wavelength Type (USD Million), 2024-2032
4.    Global Photobiostimulation Devices Historical Market: Breakup by Application (USD Million), 2018-2023
5.    Global Photobiostimulation Devices Market Forecast: Breakup by Application (USD Million), 2024-2032
6.    Global Photobiostimulation Devices Historical Market: Breakup by End Use (USD Million), 2018-2023
7.    Global Photobiostimulation Devices Market Forecast: Breakup by End Use (USD Million), 2024-2032
8.    Global Photobiostimulation Devices Historical Market: Breakup by Region (USD Million), 2018-2023
9.    Global Photobiostimulation Devices Market Forecast: Breakup by Region (USD Million), 2024-2032
10.    North America Photobiostimulation Devices Historical Market: Breakup by Country (USD Million), 2018-2023
11.    North America Photobiostimulation Devices Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Europe Photobiostimulation Devices Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Europe Photobiostimulation Devices Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Asia Pacific Photobiostimulation Devices Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Asia Pacific Photobiostimulation Devices Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Latin America Photobiostimulation Devices Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Latin America Photobiostimulation Devices Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Middle East and Africa Photobiostimulation Devices Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Middle East and Africa Photobiostimulation Devices Market Forecast: Breakup by Country (USD Million), 2024-2032
20.    Global Photobiostimulation Devices Market Structure

Key Questions Answered in the Report

In 2023, the global photobiostimulation devices market attained a value of nearly USD 196.36 billion.

The market is projected to grow at a CAGR of 5.83% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 326.99 billion by 2032.

The major drivers of the industry include rising number of chronic diseases, a rapidly growing population, and the increased availability of emergency medical services.

The growing trend of non-invasive treatment methods, the increasing number of patients suffering from chronic pain, and the need for affordable treatment options are expected to be a key trend guiding the growth of the industry.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The wavelength types of photobiostimulation devices available are infrared light and red light, amongst others.

Photobiostimulation devices finds applications as pain management, wound care, and cosmetic applications, amongst others.

It finds end-use in sectors like speciality clinics, research institutions, and home care, amongst others.

The leading players in this market are Thor Photomedicine Ltd., Ingeneus Pty. Ltd., BioLight Technologies LLC, Theradome Inc., Erchonia Corporation, and Theralase Technologies Inc., among others.

Analyst Review

The global photobiostimulation devices market attained a value of USD 196.36 billion in 2023, driven by the rising number of chronic diseases, a rapidly growing population, and the increased availability of emergency medical services. Aided by the growing trend of non-invasive treatment methods, the increasing number of patients suffering from chronic pain, and the need for affordable treatment options, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 5.83%. The market is projected to reach USD 326.99 billion by 2032.

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on the wavelength type, the photobiostimulation devices market can be segmented into infrared light and red light, amongst others. By application, the industry can be divided into pain management, wound care, and cosmetic applications, amongst others. It finds end-use in sectors like speciality clinics, research institutions, and home care, amongst others. The major regional markets for photobiostimulation are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above industry include Thor Photomedicine Ltd., Ingeneus Pty. Ltd., BioLight Technologies LLC, Theradome Inc., Erchonia Corporation, and Theralase Technologies Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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