High prevalence of diseases caused by sunlight, technological advancements and rising awareness of the treatment are the key factors contributing to the CAGR in the forecasted period.
Market Size – USD 314.5 Million in 2018, Market Growth - CAGR of 4.8%, Market Trends – heavy investments for research and development to explore newer sectors for application and launch of products with higher efficiencies.
According to the current analysis of Reports and Data, the global Photomedicine market was valued at USD 314.5 Million in 2018 and is expected to reach USD 498.3 Million by year 2026, at a CAGR of 4.8 %. The study covers the genre of healthcare with special focus on medical devices of Photomedicine. Photomedicine is an interdisciplinary branch of medicine that involves study and application of light with respect to health and diseases caused by light and use of light to detect, diagnose and treat diseases. It includes both, study and treatment of diseases caused by exposure to light and on the other hand, diagnostic and therapeutic applications of light for detecting and curing diseases. Light energy is capable of causing heating, mechanical effects and chemical reactions. The transfer of light energy through photon absorption can lead to many different consequences in Photomedicine. Technological advancements such as introduction of devices for full body forms and optical diagnostic procedures have been propelling the market. The technological advances in medical aesthetics, development of compact, versatile and multi-functional Photomedicine devices have been the key driving factors of this market.
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The report provides a complete analysis of the global Photomedicine market with important details about the key market players from insightful primary and secondary research data. The report also aims to benefit the user by providing constructive data to gain insight into the market growth, size, and investment approaches.
The key companies profiled in the market are:
THOR Photomedicine Ltd., PhotoMedex Inc., Alma Lasers Ltd., Syneron Medical Ltd., Lumenis and Candela.
Further key findings from the report suggest
- Minimal invasiveness has been attracting the attention of many in the recent times. Since photomedicine is one of the major types of minimal intrusive treatments, there has been a spur of growth in the demand for this procedure. Increasing cases of cancer and several other diseases caused by light, has triggered research and development initiatives to develop several innovative solutions for treatment of cancer and the several other diseases, which lays a foundation for future growth.
- Laser technology dominates the market. It has gained popularity due to its successful application in cancer treatments. Further research and development is being carried out to explore its application in the other domains. At present, lasers occupy the largest market share of 34%.
- The introduction of low level laser therapy for tissue repairing, inflammation reduction and pain management has been a milestone achievement in this segment.
- Dermatology segment holds the largest market share accounting to 26%. Due to the large spectrum of aesthetic procedure that are performed. Some of these procedures include, skin resurfacing, tattoo removal, hair therapy etc. This versatility of application has caught the attention of a large proportion of population and thus, the demand for the laser treatments has sky rocketed.
- A lot of research and development is being carried out for the application of Photomedicine in the field of Oncology. The use of lasers in this field has been a milestone achievement and has encouraged institutions for further research. The application in the Oncology segment is expected to grow at a CAGR of 5.6%.
- Other milestone achievements were the introduction of photodynamic therapy and fluorescence guided surgeries. These achievements have boosted the market.
- North America dominates the market with a share of 49.7% due to the technological advancements, prompt adoption of photomedicine by medical institutions and the financial stronghold of the population. The continuous developments in the field have attracted large investments for research and development as well.
- The application of photomedicine devices and technologies is increasing in the treatment of heart diseases, various infections, and in cancer diagnosis & treatment owing to the attached benefits including effective light penetration enabling enhanced visualization, which in turn facilitates the diagnostic process.
For the purpose of this report, Reports and Data has segmented the Photomedicine market on the basis of device type, application, type of therapy, and region:
Device Type (Revenue, USD Million; 2016–2026)
- Lasers
- Polychromatic Polarized Light
- Full spectrum lights
- Lamps:
- Fluorescent
- Dichroic
Application (Revenue, USD Million; 2016–2026)
- Oncology
- Dental
- Pain
- Dermatology
- Ophthalmology
Type of Therapy (Revenue in USD Million; 2016-2026)
- Heliotherapy
- Laser therapy
- Photodynamic therapy
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The report further segments the market on the basis of key regions of the world and offers an assessment of the production and manufacturing capacity, import and export, production and consumption patterns, supply and demand ratio, and the presence of key players in each region. The Photomedicine market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
In-depth regional analysis covers:
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- A.E.
- Rest of MEA
The report includes primary and subjective research with a comprehensive study examined and validated by industry professionals and experts. The report further provides insights into the opportunities and threats that the industry may witness in the upcoming years, throughout the forecast period. The report also provides an insight into the growth in revenue along with CAGR throughout the forecast period. It also provides insights into lucrative opportunities to enable the businesses to capitalize on the emerging trends of the market.
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Highlights of the TOC:
- Report Overview
1.1 Research Scope
1.2 Key Photomedicine market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline
- Global Growth Trends
2.1 Global Photomedicine market size
2.2 Latest Photomedicine market trends
2.3 Key growth trends
- Competitive Landscape
3.1 Global Photomedicine market key players
3.2 Global Photomedicine size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Photomedicine market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
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The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.
It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.
Additionally, high penetration of spirulina in industries such as cosmetics and pharmaceutical owing to the advantageous properties such as anti-aging, anti-wrinkles and othersare bringing changes in market tends.However, low stability & poor sustainability of spirulina derived colours is expected to restrict the market growth.Moreover, growth in research & development activities followed by untapped market opportunities in developing economies are anticipated to provide numerous opportunities to the market players in the coming few years.On the basis of type, spirulina market share is segmented into Arthrospira Platensis and Arthrospira Maxima.
Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.
Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.
Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.
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The following manufacturers are covered in this report, with sales, revenue, market share for each company:
Market size by End User
