0

Global Photomedicine Market 2017-2021

  • Published: Sep 2017
  • Pages: 76
  • SKU: IRTNTR15026
Technavio

The 2022-2026 version of this report is just being published. Buy it now and get up to $1000 worth of free customization!

Get me the latest version! (includes COVID-19 impact)
Safe and Secure SSL Encrypted
  • 2500.00
  • USD

This industry research report identifies Beurer, Koninklijke Philips, Lumie, and Verilux as the key vendors in the global photomedicine market. This industry research report also presents a comprehensive analysis of the market by end user (healthcare, domestic users, and commercial users) and by geography (the Americas, APAC, and EMEA).

Overview of the global photomedicine market

Technavio’s market study identifies the increase in SAD cases as one of the primary factors for the growth of the photomedicine market. Seasonal affective disorder (SAD) is a medical disorder caused due to limited or no exposure to sunlight. SAD occurs when the individuals’ serotonin levels drops due to less exposure to sunlight, primarily during winter. It affects an individual's overall productivity, causes a loss of interest in most activities, and affects interpersonal relationships. Additionally, it also disrupts the individual’s sleep habits. This will subsequently drive the need for light therapy or phototherapy which uses lightboxes as a substitute to sunlight to increase the serotonin level. Our market research analysts estimate that this market will grow steadily at a CAGR of more than 7% by 2021.

The growing adoption of light therapy boxes to avoid winter blues will be one of the key trends that will gain traction in the photomedicine market during the next few years. Individuals suffering from winter blues or SAD are advised to use photomedicine therapy products such as light therapy boxes or daylight therapy lamp that are used as substitutes to sunlight. When the body receives less than the required amount of sunlight, individuals undergo several hormonal changes that affects the serotonin production of the brain. Absence of the feel-good hormone serotonin leads to sadness or depression.

Competitive landscape and key vendors

The photomedicine market is highly competitive and fragmented due to the presence of several key vendors who are facing stiff competition from the local manufacturers. New entrants in the market are adopting innovative strategies and improving their product portfolio to improve their market shares. In the coming years, the laser light therapy market will also witness innovations, M&As, product extensions, new entrants, and new product launches.

The leading vendors in the market are

  • Beurer
  • Koninklijke Philips
  • Lumie
  • Verilux

The other prominent vendors in the market are Aura Daylight, Chromogenex, Compass Health Brands, Deka Laser Technologies, Demyk Lightmod Products, Ellipse, Erchonia, Lucimed, Nature Bright, Northern Light Technology, Photomedex, Red Light Man, Sphere Gadget Technologies, and Zepter International.

Segmentation by end user and analysis of the photomedicine market

  • Healthcare
  • Domestic users
  • Commercial users

Improved healthcare facilities and the rising demand for the treatment of diseases using light therapy influences the growth of the laser light therapy market in the healthcare sector. Some increasingly occurring diseases that demand for light treatment are psoriasis, neonatal jaundice, and other congenital diseases in newborns. The rising incidences of neonatal jaundice are also increasing the demand for blue light-based therapy in healthcare facilities.

Geographical segmentation and analysis of the photomedicine market

  • Americas
  • APAC
  • EMEA

The Americas has several cold regions that face prolonged winter. The availability of advanced healthcare services and well-developed infrastructure in the Americas supports the presence of a large number of vendors and end-users. A significant number of vendors in the laser light therapy market in this region are offering innovative and advanced products.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global photomedicine market?
  • What are the key market trends impacting the growth of the global photomedicine market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global photomedicine market?
  • What are the market opportunities and threats faced by the vendors in the global photomedicine market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global photomedicine market?

Technavio also offers customization on reports based on specific client requirement

 

Read More Read Less

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Market landscape

  • Market overview
  • Types of light
  • Market size and forecast
  • Five forces analysis

PART 05: Market segmentation by end-user

  • Market overview
  • Healthcare
  • Domestic users
  • Commercial users

PART 06: Geographical segmentation

  • Market overview
  • Photomedicine market in Americas
  • Photomedicine market in EMEA
  • Photomedicine market in APAC

PART 07: Decision framework

PART 08: Drivers and challenges

  • Market drivers
  • Market challenges

PART 09: Market trends

  • Increasing adoption of advanced, laser-based treatments
  • Growing preference for light therapy by dermatologists
  • Growing adoption of light therapy boxes to avoid winter blues

PART 10: Vendor landscape

  • Competitive scenario

PART 11: Key vendor analysis

  • Beurer
  • Koninklijke Philips
  • Lumie
  • Verilux
  • Other prominent vendors

PART 12: Appendix

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
Interested in this report?
Get your FREE sample now!
Safe and Secure SSL Encrypted
Technavio

Single User:

2500 USD

Technavio Get the report (PDF) sent to your email within minutes.

Subscribe & Save

Get lifetime access to our
Technavio Insights

Want to customize this report?

This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

We offer $1000 worth of FREE customization at the time of purchase
Technavio
Enquire Before Buying
  1. Home
  2. Health Care
  3. Published Report
17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>