Market Introduction
The United Arab Emirates (UAE), Saudi Arabia and South Africa are the 3 major countries in the Middle East and South Africa including rest of MEA countries. The South Africa was the largest market for photomedicine devices and technologies in this region in 2021. The growth of the regions is attributed to the factors such as to rising incidences of chronic diseases, rising awareness regarding minimum or noninvasive therapies, and improving healthcare infrastructure.
The coronavirus has shown substantial effects in the Middle East & Africa. The pandemic has boosted the demand for medical devices that can be used in a home care setting. The region has observed increasing numbers of patients admitted to intensive care units (ICU), a rising number of medications imposing multiple diagnostic and therapeutic challenges on stressed healthcare systems, leading to a rise in minimally invasive or noninvasive medical devices. However, medical industry segments, including photomedicine devices, have experienced losses during the COVID-19 pandemic due to restricted manufacturing and supply chain facilities. Most of the photomedicine therapies were delayed or postponed due to prioritization of healthcare settings to COVID 19 patients. However, due to the growing infection rate in South Africa, UAE, and other Middle East & African countries, photodynamic therapy is being studied to treat COVID among the population. Various research reports have been published for evaluation of photodynamic therapy for COVID 19. For instance, research article published in Xia & He Publishing journal reported that Photodynamic therapy (PDT) for the inactivation of severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) might be a valuable therapy for the treatment of coronavirus disease 2019 (COVID-19) disease. However, preclinical and clinical studies need to be performed to determine the feasibility, safety and efficacy of this approach.
Market Overview and Dynamics
The photomedicine devices and technologies market in Middle East & Africa is expected to grow US$ 19.03 million in 2021 to US$ 24.38 million by 2028; it is estimated to grow at a CAGR of 3.6% from 2021 to 2028. The photomedicine devices and technologies market has grown in recent years, pushing the limits of product development approaches. In the photomedicine devices system market, one such growing trend is to expand devices by producing custom application-based versions. Noninvasive body contouring is currently the most popular aesthetic therapy because of the increasing awareness among the population regarding the painless procedure and the surging inclination of customers toward losing undesired body fat. In response to the growing demand for body contours, the manufacturers of photomedicine devices are developing the variants of a medium-600 nm red light wavelength to remove 99% of the cells within minutes. This type of new product development push is expected to result in photomedicine devices market players no longer maintaining personalized and customized equipment for pain management and wound healing. Companies are bringing in new product technologies in photomedicine that can aid deep penetration and help in skin regeneration and other disorders. For instance, THOR Photomedicine introduced novoTHOR Whole Body Light Pod. The product—which uses photobiomodulation technique. NovoTHOR is a whole-body red-light therapy bed that uses red and near-infrared light to treat injuries, reduce pain, relax muscles and joints, and increase blood circulation.
Key Market Segments
In terms of technology, the photodynamic therapy (PDT) segment accounted for the largest share of the Middle East & Africa 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 Middle East & Africa 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.
Reasons to buy report
Middle East & Africa Photomedicine Devices and Technologies Market Segmentation
Middle East & Africa Photomedicine Devices and Technologies Market – By Technology
Middle East & Africa Photomedicine Devices and Technologies Market – By
Application
Middle East & Africa Photomedicine Devices and Technologies Market – By
Country
Middle East & Africa Photomedicine Devices and Technologies Market – Companies Mentioned
Strategic insights for the Middle East and Africa 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$ 19.03 Million |
Market Size by 2028 | US$ 24.38 Million |
Global CAGR (2021 - 2028) | 3.6% |
Historical Data | 2019-2020 |
Forecast period | 2022-2028 |
Segments Covered |
By Technology
|
Regions and Countries Covered | Middle East and Africa
|
Market leaders and key company profiles |
The geographic scope of the Middle East and Africa 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 Middle East and Africa Photomedicine Devices and Technologies Market is valued at US$ 19.03 Million in 2021, it is projected to reach US$ 24.38 Million by 2028.
As per our report Middle East and Africa Photomedicine Devices and Technologies Market, the market size is valued at US$ 19.03 Million in 2021, projecting it to reach US$ 24.38 Million by 2028. This translates to a CAGR of approximately 3.6% during the forecast period.
The Middle East and Africa 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 Middle East and Africa Photomedicine Devices and Technologies Market report:
The Middle East and Africa 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 Middle East and Africa Photomedicine Devices and Technologies Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Photomedicine Devices and Technologies Market value chain can benefit from the information contained in a comprehensive market report.