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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.
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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.
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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.
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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:
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| Breakup by Wavelength Type |
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| Breakup by Application |
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| Breakup by End Use |
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| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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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