Europe Photomedicine Devices and Technologies Market
Market Introduction
Europe consists of five major countries namely Germany, the UK, France, Spain, and Italy. The market is also evaluated for the Rest of Europe market. The region holds second-largest position for the Non-invasive Aesthetic Treatment market. The growth of the market is driven by due to the rising number of aesthetic procedures among the younger population. Also, the developments in the medical devices industry and rising numbers of aesthetic clinics may offer vital growth opportunities for market growth.
The result of the COVID-19 pandemic in the European region has slightly affected the medical device industry negatively. Various companies have shut down their productions, hence are unable to manufacture to meet the rising demand. The COVID–19 pandemic has shown a significant negative impact on the world and European health economies. Health services in the European region are highly prioritized to serve patients affected by COVID-19. The routine health care services have remained suspended. Therefore, it has involved photomedicine devices medical treatment and its dependable revenue generation in the region. Europe has long been within dynamic development in plastic surgery, adapting to different cultures, traditions, and surgical and medical philosophies. In recent times, these changes have been even more significant and rapid. On the other hand, the rise of corona infection has grown significantly, and it has raised the question regarding safety from the aesthetic treatments done by lasers and micro-needling. Thus, aesthetic services have been shut down in European countries. European countries have undergone the second phase of lockdown as they have experienced a second wave of corona infection. Countries like the UK, Belgium, Switzerland, Germany, France, Italy, and Spain are highly affected. Therefore, the lockdown has widely affected the movement of businesses across the region and outside the area. In addition, various conferences related to the aesthetic industry are being conducted through webinars. Hence, it is expected that the negative impact on the market is likely to continues in the following few years.
Market Overview and Dynamics
The photomedicine devices and technologies market in Europe is expected to grow US$ 137.19 million in 2021 to US$ 191.86 million by 2028; it is estimated to grow at a CAGR of 4.9% from 2021 to 2028. The popularity of minimally invasive medical procedures has increased in recent years, owing to the involvement of tiny incisions, faster recovery of patients, and less discomfort caused to the patients. Moreover, photomedicine procedures offer benefits such as less pain; less trauma to muscles, nerves, tissues, and organs; less bleeding and scarring; and minimal injuries to tissues. The growing prevalence of arthritis, cancer, diabetes, and cardiovascular diseases, which require extensive surgical treatments, has boosted the demand for minimally invasive procedures like photomedicine therapies. As a result, there is an enormous demand for photomedicine technology systems. Furthermore, photomedicine therapies are priced and aid in time-saving procedures. Therefore, the growing demand for minimally invasive medical procedures and the rising focus on increasing the efficiency of these procedures would drive the photomedicine devices and technology market in the coming years.
Key Market Segments
In terms of technology, the photodynamic therapy (PDT) segment accounted for the largest share of the Europe photomedicine devices and technologies market in 2021. In term of application, aesthetics and dermatology segment held a larger market share of the photomedicine devices and technologies market in 2021.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the photomedicine devices and technologies market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Alma Lasers, Beurer GmbH, Candela Medica, Koninklijke Philips N.V., Iridex Corporation, Lumenis, THOR Photomedicine Ltd, biolitec AG, and Lumibird among others.
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Europe Photomedicine Devices and Technologies Market Segmentation
Europe Photomedicine Devices and Technologies Market – By Technology
Europe Photomedicine Devices and Technologies Market – By
Application
Europe Photomedicine Devices and Technologies Market – By
Country
Europe Photomedicine Devices and Technologies Market – Companies Mentioned
Strategic insights for the Europe Photomedicine Devices and Technologies provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 137.19 Million |
| Market Size by 2028 | US$ 191.86 Million |
| Global CAGR (2021 - 2028) | 4.9% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Technology
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe Photomedicine Devices and Technologies refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Europe Photomedicine Devices and Technologies Market is valued at US$ 137.19 Million in 2021, it is projected to reach US$ 191.86 Million by 2028.
As per our report Europe Photomedicine Devices and Technologies Market, the market size is valued at US$ 137.19 Million in 2021, projecting it to reach US$ 191.86 Million by 2028. This translates to a CAGR of approximately 4.9% during the forecast period.
The Europe Photomedicine Devices and Technologies Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Photomedicine Devices and Technologies Market report:
The Europe Photomedicine Devices and Technologies Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Photomedicine Devices and Technologies Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Photomedicine Devices and Technologies Market value chain can benefit from the information contained in a comprehensive market report.
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