Product Code: CMI7555
The global photobiomodulation market is estimated to be valued a USD 230.3 Mn in 2024 and is expected to reach USD 455.1 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 10.2% from 2024 to 2031.
Report Coverage |
Report Details |
Base Year: |
2023 |
Market Size in 2024: |
US$ 230.3 Mn |
Historical Data for: |
2019 To 2023 |
Forecast Period: |
2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: |
10.20% |
2031 Value Projection: |
US$ 455.1 Mn |
Figure. Photobiomodulation Market Share (%), By Region 2024
Photobiomodulation or low-level light therapy is a treatment method that uses light to stimulate or inhibit cellular function. It is a form of phototherapy involving the exposure of an injured or diseased body part to visible or near-infrared light. The light is absorbed by specific photoacceptors like cytochrome c oxidase which leads to changes in cell metabolism aimed at modulating cellular function, reducing inflammation, and increasing cellular energy. With the growing prevalence of chronic diseases and increasing awareness about non-invasive therapeutic approaches, the global market for photobiomodulation is witnessing strong growth over the past few years.
Market Dynamics:
The global photobiomodulation market is driven by rising geriatric population, increasing incidence of neurological disorders and chronic wounds, and growing preference for non-invasive treatment modalities. However, limited clinical evidence, inadequate reimbursement policies, and high costs associated with equipment are restraining the market growth. Developing applications of photobiomodulation in cosmetic procedures and emergence of home-use devices presents significant opportunities for market expansion. Geographically, North America dominates the market currently owing to technological advancements and availability of funding for research. However, Asia Pacific is expected to witness the fastest growth during the forecast period with increasing medical tourism and healthcare investments.
Key Features of the Study:
This report provides in-depth analysis of the global photobiomodulation market, and provides market size (USD Million) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global photobiomodulation market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Alcon Inc., THOR Photomedicine Ltd., BioLight Technologies LLC, Erchonia Corporation, Vielight Inc., Lumenis Ltd., Aspen Laser Systems, Noveon Inc., Apira Science Inc., LightForce Therapy, Zynex Medical, BTL Industries, LaserStar Technologies, Meditech, and QRS Global
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global photobiomodulation market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global photobiomodulation market
Market Segmentation
- Application Insights (Revenue, USD Mn, 2019 - 2031)
- Pain Management
- Wound Healing
- Dermatology
- Orthopedics
- Other Applications
- Wavelength Insights (Revenue, USD Mn, 2019 - 2031)
- Infrared Light
- Red Light
- Other Wavelengths
- Type of Device Insights (Revenue, USD Mn, 2019 - 2031)
- Low-Level Laser Therapy (LLLT) Devices
- Light Emitting Diode (LED) Devices
- Other Devices
- End User Insights (Revenue, USD Mn, 2019 - 2031)
- Hospitals
- Clinics
- Home Care Settings
- Research Institutes
- Others
- Regional Insights (Revenue, USD Mn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- Alcon Inc.
- THOR Photomedicine Ltd.
- BioLight Technologies LLC
- Erchonia Corporation
- Vielight Inc.
- Lumenis Ltd.
- Aspen Laser Systems
- Noveon Inc.
- Apira Science Inc.
- LightForce Therapy
- Zynex Medical
- BTL Industries
- LaserStar Technologies
- Meditech
- QRS Global
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Global Photobiomodulation Market, By Application
- Global Photobiomodulation Market, By Wavelength
- Global Photobiomodulation Market, By Type of Device
- Global Photobiomodulation Market, By End User
- Global Photobiomodulation Market, By Region
3. Market Dynamics, Regulations, And Trends Analysis
- Market Dynamics
- Driver
- Restraint
- Opportunity
- Impact Analysis
- Key Developments
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
- Industry Trends
4. Global Photobiomodulation Market, By Application, 2019-2031, (USD Mn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Pain Management
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Wound Healing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Dermatology
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Orthopedics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Other Applications
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
5. Global Photobiomodulation Market, By Wavelength, 2019-2031, (USD Mn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Infrared Light
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Red Light
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Other Wavelengths
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
6. Global Photobiomodulation Market, By Type of Device, 2019-2031, (USD Mn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Low-Level Laser Therapy (LLLT) Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Light Emitting Diode (LED) Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Other Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
7. Global Photobiomodulation Market, By End User, 2019-2031, (USD Mn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Home Care Settings
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Research Institutes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
8. Global Photobiomodulation Market, By Region, 2019 - 2031, Value (USD Mn)
- Introduction
- Market Share (%) Analysis, 2024, 2027 & 2031, Value (USD Mn)
- Market Y-o-Y Growth Analysis (%), 2020 - 2031, Value (USD Mn)
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Wavelength , 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Type of Device, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
- Latin America
- Introduction
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Wavelength , 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Type of Device, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Wavelength , 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Type of Device, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Wavelength , 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Type of Device, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Wavelength , 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Type of Device, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Wavelength , 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Type of Device, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country/Region, 2019 - 2031, Value (USD Mn)
- South Africa
- North Africa
- Central Africa
9. Competitive Landscape
- Alcon Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- THOR Photomedicine Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- BioLight Technologies LLC
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Erchonia Corporation
- Vielight Inc.
- Lumenis Ltd.
- Aspen Laser Systems
- Noveon Inc.
- Apira Science Inc.
- LightForce Therapy
- Zynex Medical
- BTL Industries
- LaserStar Technologies
- Meditech
- QRS Global
10. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
11. References and Research Methodology
- References
- Research Methodology
- About us