North America Medical Photobiostimulation System Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Infrared Light, Red Light, and Others) and Application (Pain Management, Wound Care, Cosmetic Applications, and Others)
The North America medical photobiostimulation system market is expected to reach US$ 139.6 million by 2028 from US$ 89.4 million in 2021. The market is estimated to grow at a CAGR of 6.6% from 2021 to 2028.
There is an increase in the number of patients suffering from chronic pain. According to the 2019 National Health Interview Survey (NHIS), the prevalence of chronic pain in US Adults was 20.4%, with high-impact chronic pain accounting for 7.4%. The incidence of chronic pain was the highest among people aged 65 and above (30.8%), non-Hispanic white adults (23.6%), and women (21.7%). High impact chronic pain was highest among people aged 65 and above (11.8%) and women (8.5%). Medical photobiostimulating systems are used to reduce pain, inflammation, and edema; promote the healing of wounds, deeper tissue, and nerves; and prevent tissue damage. Therefore, the surging number of patients suffering from chronic pain and other chronic illness is driving the North America medical photobiostimulation system market.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the medical photobiostimulation system market at a promising CAGR during the forecast period.
North America Medical Photobiostimulation System Market Revenue and Forecast to 2028 (US$ Million)
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The North America medical photobiostimulation system market is segmented into product and application. Based on product, the market is segmented into infrared light, red light, and others. Based on application, the market is segmented into pain management, wound care, cosmetic applications, and others. Geographically, the North America medical photobiostimulation system market is segmented into the US, Canada, and Mexico.
BioLight Technologies LLC., Omega Laser Systems Ltd, Vielight Inc., Theradome Inc., Lexington Intl., LLC, THOR Photomedicine Ltd, iRestore Hair Growth System, Meditech International Inc. (BIOFLEX Laser Therapy), and Apira Science, Inc. (iGrow Laser) are among the leading companies in the North America medical photobiostimulation system market.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Medical Photobiostimulation System Market – By Product
1.3.2 North America Medical Photobiostimulation System Market – By Application
1.3.3 North America Medical Photobiostimulation System Market– By Geography
2. North America Medical Photobiostimulation System Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Medical Photobiostimulation System Market– Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America – PEST Analysis
4.3 Experts Opinion
5. Medical Photobiostimulation System Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Number of Patients Suffering from Chronic Disorders and Chronic Pain
5.1.2 Rising Demand for Photobiostimulation Devices for Pain Management and Wound Care Due to Increasing Geriatric Population
5.2 Market Restraints
5.2.1 Stringent Regulatory Framework
5.3 Market Opportunities
5.3.1 Rising Demand for Minimally Invasive and Noninvasive Therapies
5.4 Future Trends
5.4.1 Continuous Technological Advancements in Medical Photobiostimulation Systems
5.5 Impact Analysis
6. Medical Photobiostimulation System Market– North America Analysis
6.1 North America Medical Photobiostimulation System Market Revenue Forecast and Analysis
7. Medical Photobiostimulation System Market Analysis – By Product
7.1 Overview
7.2 Medical Photobiostimulation System Market Revenue Share, By Product (2020 and 2028)
7.3 Infrared Light
7.3.1 Overview
7.3.2 Infrared Light: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Red Light
7.4.1 Overview
7.4.2 Red Light: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (US$ Million)
8. Medical Photobiostimulation System Market Analysis – By Application
8.1 Overview
8.2 Medical Photobiostimulation System Market, by Application 2020 & 2028 (%)
8.3 Pain Management
8.3.1 Overview
8.3.2 Pain Management: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (US$ Million)
8.3.2.1 Dentistry
8.3.2.1.1 Overview
8.3.2.1.2 Dentistry: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (US$ Million)
8.3.2.2 Veterinary
8.3.2.2.1 Overview
8.3.2.2.2 Veterinary: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (US$ Million)
8.3.2.3 Others
8.3.2.3.1 Overview
8.3.2.3.2 Others: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Wound Care
8.4.1 Overview
8.4.2 Wound Care: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Cosmetic Applications
8.5.1 Overview
8.5.2 Cosmetic Applications: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (US$ Million)
9. North America Medical Photobiostimulation System Market – Geographic Analysis
9.1 North America: Medical Photobiostimulation System Market
9.1.1 Overview
9.1.2 North America: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
9.1.3 North America: Medical Photobiostimulation System Market, by Product, 2019–2028 (USD Million)
9.1.4 North America: Medical Photobiostimulation System Market, by Application, 2019–2028 (USD Million)
9.1.4.1 North America: Medical Photobiostimulation System Market, by Pain Management, 2019–2028 (USD Million)
9.1.5 North America: Medical Photobiostimulation System Market, by Country, 2021 & 2028 (%)
9.1.5.1 US: Medical Photobiostimulation System Market– Revenue and Forecast to 2028 (USD Million)
9.1.5.1.1 US: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
9.1.5.1.2 US: Medical Photobiostimulation System Market, by Product, 2019–2028 (USD Million)
9.1.5.1.3 US: Medical Photobiostimulation System Market, by Application, 2019–2028 (USD Million)
9.1.5.1.3.1 US: Medical Photobiostimulation System Market, by Pain Management, 2019–2028 (USD Million)
9.1.5.2 Canada: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
9.1.5.2.1 Canada: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
9.1.5.2.2 Canada: Medical Photobiostimulation System Market, by Product, 2019–2028 (USD Million)
9.1.5.2.3 Canada: Medical Photobiostimulation System Market, by Application, 2019–2028 (USD Million)
9.1.5.2.3.1 Canada: Medical Photobiostimulation System Market, by Pain Management, 2019–2028 (USD Million)
9.1.5.3 Mexico: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
9.1.5.3.1 Mexico: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
9.1.5.3.2 Mexico: Medical Photobiostimulation System Market, by Product – 2019–2028 (USD Million)
9.1.5.3.3 Mexico: Medical Photobiostimulation System Market, by Application, 2019–2028 (USD Million)
9.1.5.3.3.1 Mexico: Medical Photobiostimulation System Market, by Pain Management – 2019–2028 (USD Million)
10. Medical Photobiostimulation System Market– Industry Landscape
10.1 Overview
10.2 Growth Strategies Done by the Companies in the Market, (%)
10.3 Organic Developments
10.3.1 Overview
10.4 Inorganic Developments
10.4.1 Overview
11. Company Profiles
11.1 BioLight Technologies LLC.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Omega Laser Systems Ltd
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Vielight Inc.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Theradome Inc .
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Lexington Intl., LLC
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 THOR Photomedicine Ltd
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 iRestore Hair Growth System
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Meditech International Inc. (BIOFLEX Laser Therapy)
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Apira Science, Inc. (iGrow Laser)
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Medical Photobiostimulation System Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 2. North America Medical Photobiostimulation System Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 3. North America Medical Photobiostimulation System Market, by Pain Management – Revenue and Forecast to 2028 (USD Million)
Table 4. US Medical Photobiostimulation System Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 5. US Medical Photobiostimulation System Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 6. US Medical Photobiostimulation System Market, by Pain Management – Revenue and Forecast to 2028 (USD Million)
Table 7. Canada Medical Photobiostimulation System Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 8. Canada Medical Photobiostimulation System Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 9. Canada Medical Photobiostimulation System Market, by Pain Management – Revenue and Forecast to 2028 (USD Million)
Table 10. Mexico Medical Photobiostimulation System Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 11. Mexico Medical Photobiostimulation System Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 12. Mexico Medical Photobiostimulation System Market, by Pain Management – Revenue and Forecast to 2028 (USD Million)
Table 13. Organic Developments Done by Companies
Table 14. Inorganic Developments Done by Companies
Table 15. Glossary of Terms, Medical Photobiostimulation System Market
LIST OF FIGURES
Figure 1. Medical Photobiostimulation System Market Segmentation
Figure 2. North America Medical Photobiostimulation System Market Overview
Figure 3. Infrared Light Segment Held the Largest Share of the Type Segment in Medical Photobiostimulation System Market
Figure 4. US to Show Significant Growth During Forecast Period
Figure 5. North America Medical Photobiostimulation System Market, Industry Landscape
Figure 6. North America PEST Analysis
Figure 7. Medical Photobiostimulation System Market Impact Analysis of Drivers and Restraints
Figure 8. North America Medical Photobiostimulation System Market– Revenue Forecast and Analysis – 2020- 2028
Figure 9. Medical Photobiostimulation System Market Revenue Share, By Product (2020 and 2028)
Figure 10. Infrared Light: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Red Light: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Others: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Medical Photobiostimulation System Market, by Application 2020 & 2028 (%)
Figure 14. Pain Management: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Dentistry: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Veterinary: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Others: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Wound Care: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Cosmetic Applications: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Others: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America: Medical Photobiostimulation System Market, by Key Country – Revenue (2021) (USD Million)
Figure 22. North America Medical Photobiostimulation System Market Revenue and Forecast to 2028 (USD Million)
Figure 23. North America: Medical Photobiostimulation System Market, by Country, 2021 & 2028 (%)
Figure 24. US: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
Figure 25. Canada: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
Figure 26. Mexico: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
Figure 27. Growth Strategies Done by the Companies in the Market, (%)
- BioLight Technologies LLC.
- Omega Laser Systems Ltd
- Vielight Inc.
- Theradome Inc .
- Lexington Intl., LLC
- THOR Photomedicine Ltd
- iRestore Hair Growth System
- Meditech International Inc. (BIOFLEX Laser Therapy)
- Apira Science, Inc. (iGrow Laser)
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America medical photobiostimulation system market.
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