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Global Photobiostimulation Devices Market: By Wavelength Type: Infrared Light, Red Light; By Application: Pain Management, Wound Care, Cosmetic Applications; By End Use: Specialty Clinics, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Photobiostimulation Devices Market Outlook

The global photobiostimulation devices market attained a value of USD 187 million in 2020.

 

Global Photobiostimulation Devices Market

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The photobiostimulation devices market is further expected to grow in the forecast period of 2022-2027 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.

 

Properties and Applications

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.
  • Bioflex Laser Therapy
  • Ingeneus Pty. Ltd.
  • Biolight Technologies
  • TheraDome, Inc. 
  • BioCare Systems, 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.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2017-2021
Forecast Period 2022-2027
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, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
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.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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    Industry Opportunities and Challenges
8    Global Photobiostimulation Devices Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Photobiostimulation Devices Historical Market (2017-2021) 
    8.3    Global Photobiostimulation Devices Market Forecast (2022-2027)
    8.4    Global Photobiostimulation Devices Market by Wavelength Type
        8.4.1    Infrared Light
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Red Light
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Others
    8.5    Global Photobiostimulation Devices Market by Application
        8.5.1    Pain Management
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Wound Care 
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Cosmetic Applications
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Others
    8.6    Global Photobiostimulation Devices Market by End Use
        8.6.1    Specialty Clinics
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Research Institutions
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Home Care
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
        8.6.4    Others
    8.7    Global Photobiostimulation Devices Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Competitive Landscape
    11.1    Market Structure
    11.2    Company Profiles
        11.2.1    Thor Photomedicine Ltd.
            11.2.1.1    Company Overview
            11.2.1.2    Product Portfolio
            11.2.1.3    Demographic Reach and Achievements
            11.2.1.4    Certifications
        11.2.2    Ingeneus Pty. Ltd.
            11.2.2.1    Company Overview
            11.2.2.2    Product Portfolio
            11.2.2.3    Demographic Reach and Achievements
            11.2.2.4    Certifications
        11.2.3    BioLight Technologies LLC
            11.2.3.1    Company Overview
            11.2.3.2    Product Portfolio
            11.2.3.3    Demographic Reach and Achievements
            11.2.3.4    Certifications
        11.2.4    Theradome Inc. 
            11.2.4.1    Company Overview
            11.2.4.2    Product Portfolio
            11.2.4.3    Demographic Reach and Achievements
            11.2.4.4    Certifications
        11.2.5    Erchonia Corporation
            11.2.5.1    Company Overview
            11.2.5.2    Product Portfolio
            11.2.5.3    Demographic Reach and Achievements
            11.2.5.4    Certifications
        11.2.6    Theralase Technologies Inc.
            11.2.6.1    Company Overview
            11.2.6.2    Product Portfolio
            11.2.6.3    Demographic Reach and Achievements
            11.2.6.4    Certifications
        11.2.7    Others
12    Industry Events and Developments


List of Figures and Tables

1.    Global Photobiostimulation Devices Market: Key Industry Highlights, 2016 and 2026
2.    Global Photobiostimulation Devices Historical Market: Breakup by Wavelength Type (USD Million), 2017-2021
3.    Global Photobiostimulation Devices Market Forecast: Breakup by Wavelength Type (USD Million), 2022-2027
4.    Global Photobiostimulation Devices Historical Market: Breakup by Application (USD Million), 2017-2021
5.    Global Photobiostimulation Devices Market Forecast: Breakup by Application (USD Million), 2022-2027
6.    Global Photobiostimulation Devices Historical Market: Breakup by End Use (USD Million), 2017-2021
7.    Global Photobiostimulation Devices Market Forecast: Breakup by End Use (USD Million), 2022-2027
8.    Global Photobiostimulation Devices Historical Market: Breakup by Region (USD Million), 2017-2021
9.    Global Photobiostimulation Devices Market Forecast: Breakup by Region (USD Million), 2022-2027
10.    North America Photobiostimulation Devices Historical Market: Breakup by Country (USD Million), 2017-2021
11.    North America Photobiostimulation Devices Market Forecast: Breakup by Country (USD Million), 2022-2027
12.    Europe Photobiostimulation Devices Historical Market: Breakup by Country (USD Million), 2017-2021
13.    Europe Photobiostimulation Devices Market Forecast: Breakup by Country (USD Million), 2022-2027
14.    Asia Pacific Photobiostimulation Devices Historical Market: Breakup by Country (USD Million), 2017-2021
15.    Asia Pacific Photobiostimulation Devices Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    Latin America Photobiostimulation Devices Historical Market: Breakup by Country (USD Million), 2017-2021
17.    Latin America Photobiostimulation Devices Market Forecast: Breakup by Country (USD Million), 2022-2027
18.    Middle East and Africa Photobiostimulation Devices Historical Market: Breakup by Country (USD Million), 2017-2021
19.    Middle East and Africa Photobiostimulation Devices Market Forecast: Breakup by Country (USD Million), 2022-2027
20.    Global Photobiostimulation Devices Market Structure

Key Questions Answered in the Report

In 2020, the global photobiostimulation devices market attained a value of nearly USD 187 billion.

The market is projected to grow at a CAGR of 6.2% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach USD 268.5 billion by 2026.

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., Bioflex Laser Therapy, Ingeneus Pty. Ltd., Biolight Technologies, TheraDome, Inc., BioCare Systems, Inc., Erchonia Corporation, and Theralase Technologies, Inc., amongst others.

Analyst Review

The global photobiostimulation devices market attained a value of USD 187 billion in 2020, 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 2022-2027, growing at a CAGR of 6.2%. The market is projected to reach USD 268.5 billion by 2026.

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., Bioflex Laser Therapy, Ingeneus Pty. Ltd., Biolight Technologies, TheraDome, Inc., BioCare Systems, Inc., Erchonia Corporation, and Theralase Technologies, Inc., amongst 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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