North America Photomedicine Devices and Technologies Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Technology (Photodynamic Therapy (PDT), Immuno-PDT (Photoimmune Therapies), Fluorescence-Guided Surgery, Photodynamic Diagnosis, Photobiomodulation (Lasers Lights), and Other Technologies) and Application (Aesthetics and Dermatology, Oncology, Ophthalmology, Neurology, Pain Management, Wound Healing, and Other Applications)
Market Introduction
The North America photomedicine devices and technologies market has been segmented into the US, Canada, and Mexico. The US holds held the largest share of the North American photomedicine devices and technologies market in 2020. The market growth in North America is attributed to increasing demand for cosmetic procedures in the region. The market for photomedicine devices and technologies market in the North American region is also likely to spur with various key players in the market. In addition, increase in number of energy-based device procedures, high disposable income of consumers, and the geriatric population in the region. Moreover, the Canadian government is also focusing on various initiatives to cope with heart disease and reduce mortality. In the efforts to deal with cardiac conditions, rehabilitation for the same is gaining the people who have had the cardiac disease or cardiac surgery, stroke, and coronary heart conditions in the country.
The North American region is highly affected due to the outbreak of the Covid-19 pandemic. Countries such as the US and Canada reported the highest numbers of COVID-19 positive cases. The US registered the highest number of deaths due to the COVID-19 pandemic. The chaotic situation was created in the medical industry across the countries, increased demand for COVID diagnostics and therapeutics have dramatically increased in the hospitals. In the US, due to an increasing number of infected patients, healthcare professionals and leading organizations distract the flow of healthcare resources from research & development to primary care, which is slowing down the process of innovation. Moreover, the cosmetic surgeons having a unique perspective of collaborating with patients and their teams create difficulties and challenges in distress. Furthermore, in light of the ongoing pandemic of COVID-19, the American Society of Plastic Surgeons (ASPS) in May 2020 released a statement to urge the suspension of elective and non-essential Technologies of cosmetic surgeries in the US. In addition, the cosmetic surgery societies are implementing various strategies to curb the financial losses and have amended their policies to support small businesses, such as the Small Business Administration offering expanded disaster impact loans and deferment of the federal income tax payments by three months to July 15. In addition, the COVID-19 pandemic is perplexing healthcare institutions in the region with unprecedented operational and clinical challenges. Moreover, shift of priorities from photomedicine devices treatment to corona virus diagnosis and treatment devices are leading to decline in photomedicine Devices and technologies, leading to decline in market growth up to certain extent.
Market Overview and Dynamics
The photomedicine devices and technologies market in North America is expected to grow US$ 194.66 million in 2021 to US$ 281.51 million by 2028; it is estimated to grow at a CAGR of 5.4% 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—was launched in partnership with English Premier League soccer teams, US military forces, and the Harvard Medical School. 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 North America 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 North America 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 Medical; Koninklijke Philips N.V.; Iridex Corporation; Lumenis; THOR Photomedicine Ltd; biolitec AG; Lumibird; and Verilux, Inc., among others.
Reasons to buy report
- To understand the North America photomedicine devices and technologies market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for North America photomedicine devices and technologies market
- Efficiently plan M&A and partnership deals in North America photomedicine devices and technologies market by identifying market segments with the most promising probable sales
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- Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.
North America Photomedicine Devices and Technologies Market Segmentation
North America Photomedicine Devices and Technologies Market – By Technology
- Photodynamic Therapy (PDT)
- Immuno-PDT (Photoimmune Therapies)
- Photobiomodulation (Lasers Lights)
- Photodynamic Diagnosis
- Fluorescence-guided Surgery
- Other Technologies
North America Photomedicine Devices and Technologies Market – By Application
- Hair Removal Market
- Tattoo Removal Market
- Skin Resurfacing Market
- Other Applications Market
- Oncology
- Ophthalmology
- Neurology
- Pain Management
- Wound Healing
- Other Applications
North America Photomedicine Devices and Technologies Market – By Country
- US
- Canada
- Mexico
North America Photomedicine Devices and Technologies Market – Companies Mentioned
- Alma Lasers
- Beurer GmbH
- Candela Medical
- Koninklijke Philips N.V.
- Iridex Corporation
- Lumenis
- THOR Photomedicine Ltd
- biolitec AG
- Lumibird
- Verilux, Inc.
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 Photomedicine Devices and Technologies Market – By Technology
1.3.2 North America Photomedicine Devices and Technologies Market – By Application
1.3.3 North America Photomedicine Devices and Technologies Market – By Country
2. North America Photomedicine Devices and Technologies Market Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Photomedicine Devices and Technologies Market– Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Experts Opinion
5. North America Photomedicine Devices and Technologies Market– Key Market Dynamics
5.1 Market Drivers
5.1.1 Broader Applicability of Photomedicine
5.1.2 Growing Demand for Minimally Invasive and Non-invasive Therapies
5.2 Market Restraints
5.2.1 Strict Regulatory Framework
5.3 Market Opportunities
5.3.1 Raising Penetration of Photomedicine in Cancer Treatment
5.4 Future Trends
5.4.1 Strengthening Technological Advancements in Photomedicine
5.5 Impact analysis
6. North America Photomedicine Devices and Technologies Market Analysis
6.1 North America Photomedicine Devices and Technologies Market Revenue Forecast and Analysis
7. North America Photomedicine Devices and Technologies Market Analysis – By Technology
7.1 Overview
7.2 North America Photomedicine Devices and Technologies Market Share by Technology 2021 & 2028 (%)
7.3 Photodynamic Therapy (PDT)
7.3.1 Overview
7.3.2 Photodynamic Therapy (PDT) Market Revenue and Forecast to 2028 (US$ million)
7.4 Immuno-PDT (Photo immune Therapies)
7.4.1 Overview
7.4.2 Immuno-PDT (Photo immune Therapies) Market Revenue and Forecast to 2028 (US$ million)
7.5 Fluorescence-Guided Surgery
7.5.1 Overview
7.5.2 Fluorescence-Guided Surgery Market Revenue and Forecast to 2028 (US$ million)
7.6 Photodynamic Diagnosis
7.6.1 Overview
7.6.2 Photodynamic Diagnosis Market Revenue and Forecast to 2028 (US$ million)
7.7 Photobiomodulation (Lasers Lights)
7.7.1 Overview
7.7.2 Photobiomodulation (Lasers Lights) Market Revenue and Forecast to 2028 (US$ million)
7.8 Other Technologies
7.8.1 Overview
7.8.2 Other Technologies Market Revenue and Forecast to 2028 (US$ million)
8. North America Photomedicine Devices and Technologies Market Analysis – By Application
8.1 Overview
8.2 North America Photomedicine Devices and Technologies Market Share, by Application, 2021 and 2028 (%)
8.3 Aesthetics and Dermatology
8.3.1 Overview
8.3.2 Aesthetics and Dermatology: Photomedicine Devices and Technologies Market– Revenue and Forecast to 2028 (US$ Million)
8.3.3 Hair Removal
8.3.3.1 Overview
8.3.3.2 Hair Removal: Photomedicine Devices and Technologies Market– Revenue and Forecast to 2028 (US$ Million)
8.3.4 Tattoo Removal
8.3.4.1 Overview
8.3.4.2 Tattoo Removal: Photomedicine Devices and Technologies Market– Revenue and Forecast to 2028 (US$ Million)
8.3.5 Skin Resurfacing
8.3.5.1 Overview
8.3.5.2 Skin Resurfacing: Photomedicine Devices and Technologies Market– Revenue and Forecast to 2028 (US$ Million)
8.3.6 Other Applications
8.3.6.1 Overview
8.3.6.2 Other Applications: Photomedicine Devices and Technologies Market– Revenue and Forecast to 2028 (US$ Million)
8.4 Oncology
8.4.1 Overview
8.4.2 Oncology: Photomedicine Devices and Technologies Market– Revenue and Forecast to 2028 (US$ Million)
8.5 Ophthalmology
8.5.1 Overview
8.5.2 Ophthalmology: Photomedicine Devices and Technologies Market– Revenue and Forecast to 2028 (US$ Million)
8.6 Neurology
8.6.1 Overview
8.6.2 Neurology: Photomedicine Devices and Technologies Market– Revenue and Forecast to 2028 (US$ Million)
8.7 Pain Management
8.7.1 Overview
8.7.2 Pain Management: Photomedicine Devices and Technologies Market– Revenue and Forecast to 2028 (US$ Million)
8.8 Wound Healing
8.8.1 Overview
8.8.2 Wound Healing: Photomedicine Devices and Technologies Market– Revenue and Forecast to 2028 (US$ Million)
8.9 Other Applications
8.9.1 Overview
8.9.2 Other Applications: Photomedicine Devices and Technologies Market– Revenue and Forecast to 2028 (US$ Million)
9. North America Photomedicine Devices and Technologies Market – Country Analysis
9.1 Overview
9.1.1 North America: Photomedicine Devices and Technologies Market, by Country, 2021 & 2028 (%)
9.1.1.1 US: Photomedicine Devices and Technologies Market – Revenue and Forecast to 2028 (USD Million)
9.1.1.1.1 US: Photomedicine Devices and Technologies Market – Revenue and Forecast to 2028 (USD Million)
9.1.1.1.2 US: Photomedicine Devices and Technologies Market, by Technology, 2019–2028 (USD Million)
9.1.1.1.3 US: Photomedicine Devices and Technologies Market, by Application, 2019–2028 (USD Million)
9.1.1.1.3.1 US: Photomedicine Devices and Technologies Market, by Aesthetics and Dermatology, 2019–2028 (USD Million)
9.1.1.2 Canada: Photomedicine Devices and Technologies Market – Revenue and Forecast to 2028 (USD Million)
9.1.1.2.1 Canada: Photomedicine Devices and Technologies Market – Revenue and Forecast to 2028 (USD Million)
9.1.1.2.2 Canada: Photomedicine Devices and Technologies Market, by Technology, 2019–2028 (USD Million)
9.1.1.2.3 Canada: Photomedicine Devices and Technologies Market, by Application, 2019–2028 (USD Million)
9.1.1.2.3.1 Canada: Photomedicine Devices and Technologies Market, by Aesthetics and Dermatology, 2019–2028 (USD Million)
9.1.1.3 Mexico: Photomedicine Devices and Technologies Market – Revenue and Forecast to 2028 (USD Million)
9.1.1.3.1 Mexico: Photomedicine Devices and Technologies Market – Revenue and Forecast to 2028 (USD Million)
9.1.1.3.2 Mexico: Photomedicine Devices and Technologies Market, by Technology, 2019–2028 (USD Million)
9.1.1.3.3 Mexico: Photomedicine Devices and Technologies Market, by Application, 2019–2028 (USD Million)
9.1.1.3.3.1 Mexico: Photomedicine Devices and Technologies Market, by Aesthetics and Dermatology, 2019–2028 (USD Million)
10. Impact of COVID-19 Pandemic on North America Photomedicine Devices and Technologies Market
10.1 North America: Impact Assessment of COVID-19 Pandemic
11. North America Photomedicine Devices and Technologies Market –Industry Landscape
11.1 Overview
11.2 Organic Developments
11.2.1 Overview
11.3 Inorganic Developments
11.3.1 Overview
12. Company Profiles
12.1 Alma Lasers (Sisram Medical Ltd)
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Beurer GmbH
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 biolitec AG (Biolitec)
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Lumenis
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Lumibird (formerly Quantel-Keopsys group)
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 THOR Photomedicine Ltd
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Verilux, Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Candela Medical
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Koninklijke Philips N.V.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Iridex Corporation
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Photomedicine Devices and Technologies Market – Revenue Forecast and Analysis to 2028 (US$ Million)
Table 2. US Photomedicine Devices and Technologies Market, by Technology – Revenue and Forecast to 2028 (USD Million)
Table 3. US Photomedicine Devices and Technologies Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 4. US Photomedicine Devices and Technologies Market, by Aesthetics and Dermatology – Revenue and Forecast to 2028 (USD Million)
Table 5. Canada Photomedicine Devices and Technologies Market, by Technology – Revenue and Forecast to 2028 (USD Million)
Table 6. Canada Photomedicine Devices and Technologies Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 7. Canada Photomedicine Devices and Technologies Market, by Aesthetics and Dermatology – Revenue and Forecast to 2028 (USD Million)
Table 8. Mexico Photomedicine Devices and Technologies Market, by Technology – Revenue and Forecast to 2028 (USD Million)
Table 9. Mexico Photomedicine Devices and Technologies Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 10. Mexico Photomedicine Devices and Technologies Market, by Aesthetics and Dermatology – Revenue and Forecast to 2028 (USD Million)
Table 11. Recent organic developments in the Photomedicine Devices and Technologies Market
Table 12. Recent Inorganic Developments in the Photomedicine Devices and Technologies Market
Table 13. Glossary of Terms, Photomedicine Devices and Technologies Market
LIST OF FIGURES
Figure 1. North America Photomedicine Devices and Technologies Market Segmentation
Figure 2. North America Photomedicine Devices and Technologies Market Segmentation, By Country
Figure 3. North America Photomedicine Devices and Technologies Market Overview
Figure 4. Photodynamic Therapy Segment Held the Largest Share of the Technology Segment in Photomedicine Devices and Technologies Market
Figure 5. The US to Show Significant Growth During Forecast Period
Figure 6. North America Photomedicine Devices and Technologies Market, Industry Landscape
Figure 7. North America PEST Analysis
Figure 8. North America Photomedicine Devices and Technologies Market Impact Analysis of Drivers and Restraints
Figure 9. North America Photomedicine Devices and Technologies Market – Revenue Forecast and Analysis to 2028
Figure 10. North America Photomedicine Devices and Technologies Market Share by Technology 2021 & 2028 (%)
Figure 11. Photodynamic Therapy (PDT) Market Revenue and Forecasts to 2028 (US$ million)
Figure 12. Immuno-PDT (Photo immune Therapies) Market Revenue and Forecasts to 2028 (US$ million)
Figure 13. Fluorescence-Guided Surgery Market Revenue and Forecasts to 2028 (US$ million)
Figure 14. Photodynamic Diagnosis Market Revenue and Forecasts to 2028 (US$ million)
Figure 15. Photobiomodulation (Lasers Lights) Market Revenue and Forecasts to 2028 (US$ million)
Figure 16. Other Technologies Market Revenue and Forecasts to 2028 (US$ million)
Figure 17. North America Photomedicine Devices and Technologies Market Share, by Application, 2021 and 2028 (%)
Figure 18. Aesthetics and Dermatology: Photomedicine Devices and Technologies Market– Revenue and Forecast to 2028 (US$ Million)
Figure 19. Hair Removal: Photomedicine Devices and Technologies Market– Revenue and Forecast to 2028 (US$ Million)
Figure 20. Tattoo Removal: Photomedicine Devices and Technologies Market– Revenue and Forecast to 2028 (US$ Million)
Figure 21. Skin Resurfacing: Photomedicine Devices and Technologies Market– Revenue and Forecast to 2028 (US$ Million)
Figure 22. Other Applications: Photomedicine Devices and Technologies Market– Revenue and Forecast to 2028 (US$ Million)
Figure 23. Oncology: Photomedicine Devices and Technologies Market– Revenue and Forecast to 2028 (US$ million)
Figure 24. Ophthalmology: Photomedicine Devices and Technologies Market– Revenue and Forecast to 2028 (US$ million)
Figure 25. Neurology: Photomedicine Devices and Technologies Market– Revenue and Forecast to 2028 (US$ million)
Figure 26. Pain Management: Photomedicine Devices and Technologies Market– Revenue and Forecast to 2028 (US$ million)
Figure 27. Wound Healing: Photomedicine Devices and Technologies Market– Revenue and Forecast to 2028 (US$ million)
Figure 28. Other Applications: Photomedicine Devices and Technologies Market– Revenue and Forecast to 2028 (US$ million)
Figure 29. North America: Photomedicine Devices and Technologies Market, by Key Country – Revenue (2020) (USD Million)
Figure 30. North America: Photomedicine Devices and Technologies Market, by Country, 2021 & 2028 (%)
Figure 31. US: Photomedicine Devices and Technologies Market – Revenue and Forecast to 2028 (USD Million)
Figure 32. Canada: Photomedicine Devices and Technologies Market – Revenue and Forecast to 2028 (USD Million)
Figure 33. Mexico: Photomedicine Devices and Technologies Market – Revenue and Forecast to 2028 (USD Million)
Figure 34. Impact of COVID-19 Pandemic in North American Country Markets
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- Alma Lasers
- Beurer GmbH
- Candela Medical
- Koninklijke Philips N.V.
- Iridex Corporation
- Lumenis
- THOR Photomedicine Ltd
- biolitec AG
- Lumibird
- Verilux, Inc.
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