The medical photobiostimulation system market is projected to reach US$ 314.88 million by 2028 from US$ 204.66 million in 2021; it is expected to grow at a CAGR of 6.3% from 2021 to 2028.
Growing number of patients suffering from chronic disorders and chronic pain and rising demand for photobiostimulation devices for pain management and wound care due to increasing geriatric population are the major factors contributing to the market growth. However, stringent regulatory framework restrains the market growth. Medical photobiostimulation therapy is also known as low-level light therapy (LLLT) and is used to reduce pain, inflammation, and promote the healing of wounds. Modern photobiostimulation devices use specific wavelengths to achieve specific results. The photobiostimulation devices work on the principal because light works on a protein in the cell's mitochondria, which results in increased ATP and reduced oxidative stress. A cascade of intracellular processes results in improved tissue and reduced inflammation.APAC countries are witnessing rise in COVID-19 cases. There has been a significant drop in in-patient and out-patient visits for private hospital chains. To relieve healthcare systems, many clinics have been postponing hospital visits. These events are likely to have a negative impact on Asia Pacific arrhythmia monitoring devices market. Medical industry segments, including medical photobiostimulation devices, have experienced losses during the COVID-19 pandemic due to restricted manufacturing and supply chain facilities.
Lucrative Regions for Medical Photobiostimulation System Market
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Market Insights
Growing Number of Patients Suffering from Chronic Disorders and Chronic Pain Fuels Medical Photobiostimulation System Market Growth
Chronic pain can be developed by an injury or surgery. Also, chronic diseases, such as cancer, musculoskeletal conditions, renal disorders, diabetes, obesity, Rheumatoid Arthritis (RA), endometriosis, migraines, and Alzheimer's disease (AD) are among major causes of chronic pain. Most of older adults (>60%) suffer from two or more chronic conditions. According to the Centers for Disease Control and Prevention (CDC), in 2020, almost 6 in 10 people in the US suffered from at least one chronic disease, and 4 in 10 people had two or more chronic conditions.The number of patients suffering from musculoskeletal conditions is rising. For instance, according to the details provided by the World Health Organization (WHO) in February 2021, around 1.71 billion individuals worldwide have musculoskeletal disorders. WHO also states that among these disorders, low back pain causes highest burden on healthcare system with a prevalence of 568 million people globally. Musculoskeletal diseases are the leading cause of disability; especially, low back pain is a major cause of disability in 160 countries.
In addition, the numbers of patients suffering from chronic pain is growing. According to the 2019 National Health Interview Survey (NHIS), the prevalence of chronic pain in the US Adults was 20.4%, with high-impact chronic pain accounting for 7.4%. Chronic pain was 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 system are used to reduce pain, inflammation, and edema, promote the healing of wounds, deeper tissue, and nerves, and prevent tissue damage. Therefore, surging number of patients suffering from chronic pain and other chronic illness is driving the growth of the medical photobiostimulation system market.
Product-Based Insights
Based on product, the medical photobiostimulation system market is segmented into infrared light, red light, and others. The infrared light segment is estimated to hold the largest share of the market in 2021 and is expected to grow at the highest CAGR during 2021–2028. Infrared therapy is an innovative method to treat pain and inflammation and is widely being used in medicine, dentistry, veterinary medicine, and autoimmune diseases. Infrared therapy has been used in various applications to help patients suffering from pain or injury including sports medicine, and musculoskeletal injuries.
Medical Photobiostimulation System Market, by Product – 2021 and 2028
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Application-Based Insights
Based on application, the medical photobiostimulation system market is segmented into pain management, wound care, cosmetic applications, others. Pain management is further segmented into dentistry, veterinary, and others. In 2021, the pain management segment is likely to hold the largest share of the market. this can be attributed to aging population and rising incidence of osteoporosis and arthritis cases worldwide. However wound care segment is expected to grow at the fastest rate during the coming years.
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Medical Photobiostimulation System Market: Strategic Insights
Market Size Value in US$ 204.66 Million in 2021 Market Size Value by US$ 314.88 Million by 2028 Growth rate CAGR of 6.3% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Medical Photobiostimulation System Market: Strategic Insights
| Market Size Value in | US$ 204.66 Million in 2021 |
| Market Size Value by | US$ 314.88 Million by 2028 |
| Growth rate | CAGR of 6.3% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Companies operating in the medical photobiostimulation system market emphasize on adopting the product innovations strategy to meet the evolving customer demands across the world, which also permits them to maintain their brand name in the global market.
Medical Photobiostimulation System Market – by Product
- Infrared Light
- Red Light
- Red Light
Medical Photobiostimulation System Market – by Application
- Pain Management
- Wound Care
- Cosmetic Applications
- Others
Medical Photobiostimulation System Market– by Geography
- North America
- US
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- UK
- Spain
- Rest of Europe
- Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of APAC
- Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
- South and Central America (SCAM)
- Brazil
- Argentina
- Rest of SCAM
Company Profiles
- BioLight Technologies LLC.
- Omega Laser Systems Ltd
- Vielight Inc.
- Theradome Inc.
- Lexington Intl., LLC
- THOR Photomedicine Ltd
- Ingeneus
- iRestore Hair Growth System
- Meditech International Inc. (BIOFLEX Laser Therapy)
- Apira Science, Inc. (iGrow Laser)
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product ; Application and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Medical photobiostimulation therapy is also known as low-level light therapy (LLLT) and is used to reduce pain, inflammation, and promote the healing of wounds. The photobiostimulation devices work on the principal because light works on a protein in the cell's mitochondria, which results in increased ATP and reduced oxidative stress. A cascade of intracellular processes results in improved tissue and reduced inflammation.
The factors that are driving growth of the market are growing number of patients suffering from chronic disorders and chronic pain and rising demand for photobiostimulation devices for pain management and wound care due to increasing geriatric population boost the market growth. However, stringent regulatory framework hampers the market growth.
The Medical Photobiostimulation System Devices market majorly consists of the players such as Abbott, Koninklijke Philips N.V., General Electric Company, Hill-Rom Holding Inc., Medtronic, Biotronik, Inc., AliveCor, Inc, ACS Diagnostics, Medicalgorithmics, and OSI Systems, Inc amongst others.
The medical photobiostimulation system market in the United States is expected to be the largest and fastest-growing market. The US is among the highly advanced countries having various technologies available for a robust medical infrastructure, and it is globally known for its involvement in the research and development pertaining to innovative treatment methods.
The global medical photobiostimulation system market based on product is segmented into infrared light, red light, and others. The Infrared light segment is estimated to account for the largest market share in the global medical photobiostimulation system market. The growth of the segment is attributed to increasing adoption in pain management such as arthritis, osteoporosis, and rising geriatric population.
Asia Pacific is expected to be the fastest growing region in the medical photobiostimulation system devices market. The growth of the medical photobiostimulation system market in this region is primarily due to rising geriatric population, and the growing government initiatives for awareness regarding pain management therapies. In addition, growing healthcare expenditure is likely to increase the growth opportunities during the coming years.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Medical Photobiostimulation System Market – By Product
1.3.2 Global Medical Photobiostimulation System Market – By Application
1.3.3 Global Medical Photobiostimulation System Market– By Geography
2. Global 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
4.2.2 Europe– PEST Analysis
4.2.3 Asia Pacific – PEST Analysis
4.2.4 Middle East and Africa – PEST Analysis
4.2.5 South and Central America (SCAM) – 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– Global Analysis
6.1 Global Medical Photobiostimulation System Market Revenue Forecast and Analysis
6.2 Global Medical Photobiostimulation System Market, By Geography - Forecast and Analysis
6.3 Market Positioning of Key Players
7. Medical Photobiostimulation System Market Analysis – By Product
7.1 Overview
7.2 Medical Photobiostimulation System Market Revenue Share, By Product (2021 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 2021 & 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. Global 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)
9.2 Europe: Medical Photobiostimulation System Market
9.2.1 Overview
9.2.2 Europe: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
9.2.3 Europe: Medical Photobiostimulation System Market, by Product, 2019–2028 (USD Million)
9.2.4 Europe: Medical Photobiostimulation System Market, by Application, 2019–2028 (USD Million)
9.2.4.1 Europe: Medical Photobiostimulation System Market, by Pain Management, 2019–2028 (USD Million)
9.2.5 Europe: Medical Photobiostimulation System Market, by Country, 2021 & 2028(%)
9.2.5.1 Germany: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
9.2.5.1.1 Germany: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
9.2.5.1.2 Germany: Medical Photobiostimulation System Market, by Type, 2019–2028 (USD Million)
9.2.5.1.3 Germany: Medical Photobiostimulation System Market, by Application, 2019–2028 (USD Million)
9.2.5.1.3.1 Germany: Medical Photobiostimulation System Market, by Pain Management, 2019–2028 (USD Million)
9.2.5.2 France: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
9.2.5.2.1 France: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
9.2.5.2.2 France: Medical Photobiostimulation System Market, by Product, 2019–2028 (USD Million)
9.2.5.2.3 France: Medical Photobiostimulation System Market, by Application, 2019–2028 (USD Million)
9.2.5.2.3.1 France: Medical Photobiostimulation System Market, by Pain Management, 2019–2028 (USD Million)
9.2.5.3 UK: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
9.2.5.3.1 UK: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
9.2.5.3.2 UK: Medical Photobiostimulation System Market, by Product, 2019–2028 (USD Million)
9.2.5.3.3 UK: Medical Photobiostimulation System Market, by Application, 2019–2028 (USD Million)
9.2.5.3.3.1 UK: Medical Photobiostimulation System Market, by Pain Management, 2019–2028 (USD Million)
9.2.5.4 Italy: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
9.2.5.4.1 Italy: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
9.2.5.4.2 Italy: Medical Photobiostimulation System Market, by Product, 2019–2028 (USD Million)
9.2.5.4.3 Italy: Medical Photobiostimulation System Market, by Application, 2019–2028 (USD Million)
9.2.5.4.3.1 Italy: Medical Photobiostimulation System Market, by Pain Management, 2019–2028 (USD Million)
9.2.5.5 Spain: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
9.2.5.5.1 Spain: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
9.2.5.5.2 Spain: Medical Photobiostimulation System Market, by Product, 2019–2028 (USD Million)
9.2.5.5.3 Spain: Medical Photobiostimulation System Market, by Application, 2019–2028 (USD Million)
9.2.5.5.3.1 Spain: Medical Photobiostimulation System Market, by Pain Management, 2019–2028 (USD Million)
9.2.5.6 Rest of Europe: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
9.2.5.6.1 Rest of Europe: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
9.2.5.6.2 Rest of Europe: Medical Photobiostimulation System Market, by Product, 2019–2028 (USD Million)
9.2.5.6.3 Rest of Europe: Medical Photobiostimulation System Market, by Application, 2019–2028 (USD Million)
9.2.5.6.3.1 Rest of Europe: Medical Photobiostimulation System Market, by Pain Management, 2019–2028 (USD Million)
9.3 Asia Pacific: Medical Photobiostimulation System Market
9.3.1 Overview
9.3.2 Asia Pacific: Medical Photobiostimulation System Market - Revenue and Forecast to 2028 (USD Million)
9.3.3 Asia Pacific: Medical Photobiostimulation System Market, by Product, 2019–2028 (USD Million)
9.3.4 Asia Pacific: Medical Photobiostimulation System Market, by Application, 2019–2028 (USD Million)
9.3.4.1 Asia Pacific: Medical Photobiostimulation System Market, by Pain Management, 2019–2028 (USD Million)
9.3.5 Asia Pacific: Medical Photobiostimulation System Market, by Country, 2021 & 2028 (%)
9.3.5.1 Japan: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
9.3.5.1.1 Japan: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
9.3.5.1.2 Japan: Medical Photobiostimulation System Market, by Product, 2019–2028 (USD Million)
9.3.5.1.3 Japan: Medical Photobiostimulation System Market, by Application, 2019–2028 (USD Million)
9.3.5.1.3.1 Japan: Medical Photobiostimulation System Market, by Pain Management, 2019–2028 (USD Million)
9.3.5.2 China: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
9.3.5.2.1 China: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
9.3.5.2.2 China: Medical Photobiostimulation System Market, by Product, 2019–2028 (USD Million)
9.3.5.2.3 China: Medical Photobiostimulation System Market, by Application, 2019–2028 (USD Million)
9.3.5.2.3.1 China: Medical Photobiostimulation System Market, by Pain Management, 2019–2028 (USD Million)
9.3.5.3 India: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
9.3.5.3.1 India: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
9.3.5.3.2 India: Medical Photobiostimulation System Market, by Product, 2019–2028 (USD Million)
9.3.5.3.3 India: Medical Photobiostimulation System Market, by Application, 2019–2028 (USD Million)
9.3.5.3.3.1 India: Medical Photobiostimulation System Market, by Pain Management, 2019–2028 (USD Million)
9.3.5.4 South Korea: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
9.3.5.4.1 South Korea: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
9.3.5.4.2 South Korea: Medical Photobiostimulation System Market, by Product, 2019–2028 (USD Million)
9.3.5.4.3 South Korea: Medical Photobiostimulation System Market, by Application, 2019–2028 (USD Million)
9.3.5.4.3.1 South Korea: Medical Photobiostimulation System Market, by Pain Management, 2019–2028 (USD Million)
9.3.5.5 Australia: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
9.3.5.5.1 Australia: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
9.3.5.5.2 Australia: Medical Photobiostimulation System Market, by Product, 2019–2028 (USD Million)0
9.3.5.5.3 Australia: Medical Photobiostimulation System Market, by Application, 2019–2028 (USD Million)0
9.3.5.5.3.1 Australia: Medical Photobiostimulation System Market, by Pain Management, 2019–2028 (USD Million)0
9.3.5.6 Rest of Asia Pacific: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)1
9.3.5.6.1 Rest of Asia Pacific: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)1
9.3.5.6.2 Rest of Asia Pacific: Medical Photobiostimulation System Market, by Product, 2019–2028 (USD Million)2
9.3.5.6.3 Rest of Asia Pacific: Medical Photobiostimulation System Market, by Application, 2019–2028 (USD Million)2
9.3.5.6.3.1 Rest of Asia Pacific: Medical Photobiostimulation System Market, by Pain Management, 2019–2028 (USD Million)2
9.4 Middle East & Africa: Medical Photobiostimulation System Market3
9.4.1 Overview3
9.4.2 Middle East & Africa: Medical Photobiostimulation System Market - Revenue and Forecast to 2028 (US$ Million)4
9.4.3 Middle East & Africa Medical Photobiostimulation System Market, by Product – 2019–2028 (USD Million)4
9.4.4 Middle East & Africa: Medical Photobiostimulation System Market, by Application, 2019–2028 (USD Million)5
9.4.4.1 Middle East & Africa Medical Photobiostimulation System Market, by Pain Management – 2019–2028 (USD Million)5
9.4.5 Middle East & Africa: Medical Photobiostimulation System Market, by Country, 2021 & 2028 (%)6
9.4.5.1 Saudi Arabia: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)6
9.4.5.1.1 Saudi Arabia: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)6
9.4.5.1.2 Saudi Arabia Medical Photobiostimulation System Market, by Product – 2019–2028 (USD Million)7
9.4.5.1.3 Saudi Arabia: Medical Photobiostimulation System Market, by Application, 2019–2028 (USD Million)7
9.4.5.1.3.1 Saudi Arabia Medical Photobiostimulation System Market, by Pain Management – 2019–2028 (USD Million)8
9.4.5.2 UAE: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)8
9.4.5.2.1 UAE: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)8
9.4.5.2.2 UAE Medical Photobiostimulation System Market, by Product – 2019–2028 (USD Million)9
9.4.5.2.3 UAE: Medical Photobiostimulation System Market, by Application, 2019–2028 (USD Million)9
9.4.5.2.3.1 UAE Medical Photobiostimulation System Market, by Pain Management – 2019–2028 (USD Million)0
9.4.5.3 South Africa: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)0
9.4.5.3.1 South Africa: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)0
9.4.5.3.2 South Africa Medical Photobiostimulation System Market, by Product – 2019–2028 (USD Million)1
9.4.5.3.3 South Africa: Medical Photobiostimulation System Market, by Application, 2019–2028 (USD Million)1
9.4.5.3.3.1 South Africa: Medical Photobiostimulation System Market, by Pain Management – 2019–2028 (USD Million)2
9.4.5.4 Rest of Middle East and Africa: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)2
9.4.5.4.1 Rest of Middle East & Africa: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)2
9.4.5.4.2 Rest of Middle East and Africa: Medical Photobiostimulation System Market, by Product – 2019–2028 (USD Million)3
9.4.5.4.3 Rest of Middle East and Africa: Medical Photobiostimulation System Market, by Application, 2019–2028 (USD Million)4
9.4.5.4.3.1 Rest of Middle East and Africa: Medical Photobiostimulation System Market, by Pain Management – 2019–2028 (USD Million)4
9.5 South and Central America: Medical Photobiostimulation System Market5
9.5.1 Overview5
9.5.2 South and Central America: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)6
9.5.3 South and Central America: Medical Photobiostimulation System Market, by Product, 2019–2028 (USD Million)6
9.5.4 South and Central America: Medical Photobiostimulation System Market, by Application, 2019–2028 (USD Million)7
9.5.4.1 South and Central America: Medical Photobiostimulation System Market, by Pain Management, 2019–2028 (USD Million)7
9.5.5 South and Central America: Medical Photobiostimulation System Market, by Country, 2021 & 2028 (%)8
9.5.5.1 Brazil: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)8
9.5.5.1.1 Brazil: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)8
9.5.5.1.2 Brazil: Medical Photobiostimulation System Market, by Product, 2019–2028 (USD Million)9
9.5.5.1.3 Brazil: Medical Photobiostimulation System Market, by Application, 2019–2028 (USD Million)9
9.5.5.1.3.1 Brazil: Medical Photobiostimulation System Market, by Pain Management, 2019–2028 (USD Million)0
9.5.5.2 Argentina: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)0
9.5.5.2.1 Argentina: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)0
9.5.5.2.2 Argentina: Medical Photobiostimulation System Market, by Product, 2019–2028 (USD Million)1
9.5.5.2.3 Argentina: Medical Photobiostimulation System Market, by Application, 2019–2028 (USD Million)2
9.5.5.2.3.1 Argentina: Medical Photobiostimulation System Market, by Pain Management, 2019–2028 (USD Million)2
9.5.5.3 Rest of South and Central America: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)3
9.5.5.3.1 Rest of South and Central America: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)3
9.5.5.3.2 Rest of South and Central America: Medical Photobiostimulation System Market, by Product, 2019–2028 (USD Million)4
9.5.5.3.3 Rest of South and Central America: Medical Photobiostimulation System Market, by Application, 2019–2028 (USD Million)4
9.5.5.3.3.1 Rest of South and Central America: Medical Photobiostimulation System Market, by Pain Management, 2019–2028 (USD Million)5
10. Impact Of COVID-19 Pandemic on Medical Photobiostimulation System Market6
10.1 North America: Impact Assessment of COVID-19 Pandemic6
10.2 Europe: Impact Assessment of COVID-19 Pandemic7
10.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic9
10.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic0
10.5 South and Central America: Impact Assessment of COVID-19 Pandemic1
11. Medical Photobiostimulation System Market– Industry Landscape2
11.1 Overview2
11.2 Growth Strategies Done by the Companies in the Market, (%)2
11.3 Organic Developments2
11.3.1 Overview2
11.4 Inorganic Developments3
11.4.1 Overview3
12. Company Profiles4
12.1 BioLight Technologies LLC.4
12.1.1 Key Facts4
12.1.2 Business Description4
12.1.3 Products and Services5
12.1.4 Financial Overview5
12.1.5 SWOT Analysis5
12.1.6 Key Developments5
12.2 Omega Laser Systems Ltd6
12.2.1 Key Facts6
12.2.2 Business Description6
12.2.3 Products and Services6
12.2.4 Financial Overview6
12.2.5 SWOT Analysis7
12.2.6 Key Developments7
12.3 Vielight Inc.8
12.3.1 Key Facts8
12.3.2 Business Description8
12.3.3 Products and Services8
12.3.4 Financial Overview9
12.3.5 SWOT Analysis9
12.3.6 Key Developments9
12.4 Theradome Inc .0
12.4.1 Key Facts0
12.4.2 Business Description0
12.4.3 Products and Services0
12.4.4 Financial Overview1
12.4.5 SWOT Analysis1
12.4.6 Key Developments1
12.5 Lexington Intl., LLC2
12.5.1 Key Facts2
12.5.2 Business Description2
12.5.3 Products and Services3
12.5.4 Financial Overview3
12.5.5 SWOT Analysis3
12.5.6 Key Developments4
12.6 THOR Photomedicine Ltd5
12.6.1 Key Facts5
12.6.2 Business Description5
12.6.3 Products and Services5
12.6.4 Financial Overview5
12.6.5 SWOT Analysis6
12.6.6 Key Developments6
12.7 Ingeneus7
12.7.1 Key Facts7
12.7.2 Business Description7
12.7.3 Products and Services7
12.7.4 Financial Overview7
12.7.5 SWOT Analysis8
12.7.6 Key Developments8
12.8 iRestore Hair Growth System9
12.8.1 Key Facts9
12.8.2 Business Description9
12.8.3 Products and Services9
12.8.4 Financial Overview9
12.8.5 SWOT Analysis0
12.8.6 Key Developments0
12.9 Meditech International Inc. (BIOFLEX Laser Therapy)1
12.9.1 Key Facts1
12.9.2 Business Description1
12.9.3 Products and Services1
12.9.4 Financial Overview2
12.9.5 SWOT Analysis2
12.9.6 Key Developments2
12.10 Apira Science, Inc. (iGrow Laser)3
12.10.1 Key Facts3
12.10.2 Business Description3
12.10.3 Products and Services3
12.10.4 Financial Overview3
12.10.5 SWOT Analysis4
12.10.6 Key Developments4
13. Appendix5
13.1 About The Insight Partners5
13.2 Glossary of Terms5
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. Europe: Medical Photobiostimulation System Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 14. Europe: Medical Photobiostimulation System Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 15. Europe: Medical Photobiostimulation System Market, by Pain Management – Revenue and Forecast to 2028 (USD Million)
Table 16. Germany: Medical Photobiostimulation System Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 17. Germany: Medical Photobiostimulation System Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 18. Germany: Medical Photobiostimulation System Market, by Pain Management – Revenue and Forecast to 2028 (USD Million)
Table 19. France: Medical Photobiostimulation System Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 20. France: Medical Photobiostimulation System Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 21. France: Medical Photobiostimulation System Market, by Pain Management – Revenue and Forecast to 2028 (USD Million)
Table 22. UK: Medical Photobiostimulation System Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 23. UK: Medical Photobiostimulation System Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 24. UK: Medical Photobiostimulation System Market, by Pain Management – Revenue and Forecast to 2028 (USD Million)
Table 25. Italy: Medical Photobiostimulation System Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 26. Italy: Medical Photobiostimulation System Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 27. Italy: Medical Photobiostimulation System Market, by Pain Management – Revenue and Forecast to 2028 (USD Million)
Table 28. Spain: Medical Photobiostimulation System Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 29. Spain: Medical Photobiostimulation System Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 30. Spain: Medical Photobiostimulation System Market, by Pain Management – Revenue and Forecast to 2028 (USD Million)
Table 31. Rest of Europe: Medical Photobiostimulation System Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 32. Rest of Europe: Medical Photobiostimulation System Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 33. Rest of Europe: Medical Photobiostimulation System Market, by Pain Management – Revenue and Forecast to 2028 (USD Million)
Table 34. Asia Pacific: Medical Photobiostimulation System Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 35. Asia Pacific: Medical Photobiostimulation System Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 36. Asia Pacific: Medical Photobiostimulation System Market, by Pain Management – Revenue and Forecast to 2028 (USD Million)
Table 37. Japan: Medical Photobiostimulation System Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 38. Japan: Medical Photobiostimulation System Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 39. Japan: Medical Photobiostimulation System Market, by Pain Management – Revenue and Forecast to 2028 (USD Million)
Table 40. China: Medical Photobiostimulation System Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 41. China: Medical Photobiostimulation System Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 42. China: Medical Photobiostimulation System Market, by Pain Management – Revenue and Forecast to 2028 (USD Million)
Table 43. India: Medical Photobiostimulation System Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 44. India: Medical Photobiostimulation System Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 45. India: Medical Photobiostimulation System Market, by Pain Management – Revenue and Forecast to 2028 (USD Million)
Table 46. South Korea: Medical Photobiostimulation System Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 47. South Korea: Medical Photobiostimulation System Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 48. South Korea: Medical Photobiostimulation System Market, by Pain Management – Revenue and Forecast to 2028 (USD Million)
Table 49. Australia: Medical Photobiostimulation System Market, by Product – Revenue and Forecast to 2028 (USD Million)0
Table 50. Australia: Medical Photobiostimulation System Market, by Application – Revenue and Forecast to 2028 (USD Million)0
Table 51. Australia: Medical Photobiostimulation System Market, by Pain Management – Revenue and Forecast to 2028 (USD Million)0
Table 52. Rest of Asia Pacific: Medical Photobiostimulation System Market, by Product – Revenue and Forecast to 2028 (USD Million)2
Table 53. Rest of Asia Pacific: Medical Photobiostimulation System Market, by Application – Revenue and Forecast to 2028 (USD Million)2
Table 54. Rest of Asia Pacific: Medical Photobiostimulation System Market, by Pain Management – Revenue and Forecast to 2028 (USD Million)2
Table 55. Middle East & Africa Medical Photobiostimulation System Market, by Product – Revenue and Forecast to 2028 (USD Million)4
Table 56. Middle East & Africa: Medical Photobiostimulation System Market, by Application – Revenue and Forecast to 2028 (USD Million)5
Table 57. Middle East & Africa Medical Photobiostimulation System Market, by Pain Management – Revenue and Forecast to 2028 (USD Million)5
Table 58. Saudi Arabia Medical Photobiostimulation System Market, by Product – Revenue and Forecast to 2028 (USD Million)7
Table 59. Saudi Arabia: Medical Photobiostimulation System Market, by Application – Revenue and Forecast to 2028 (USD Million)7
Table 60. Saudi Arabia Medical Photobiostimulation System Market, by Pain Management – Revenue and Forecast to 2028 (USD Million)8
Table 61. UAE Medical Photobiostimulation System Market, by Product – Revenue and Forecast to 2028 (USD Million)9
Table 62. UAE: Medical Photobiostimulation System Market, by Application – Revenue and Forecast to 2028 (USD Million)9
Table 63. UAE Medical Photobiostimulation System Market, by Pain Management – Revenue and Forecast to 2028 (USD Million)0
Table 64. South Africa Medical Photobiostimulation System Market, by Product – Revenue and Forecast to 2028 (USD Million)1
Table 65. South Africa: Medical Photobiostimulation System Market, by Application – Revenue and Forecast to 2028 (USD Million)1
Table 66. South Africa: Medical Photobiostimulation System Market, by Pain Management – Revenue and Forecast to 2028 (USD Million)2
Table 67. Rest of Middle East and Africa: Medical Photobiostimulation System Market, by Product – Revenue and Forecast to 2028 (USD Million)3
Table 68. Rest of Middle East and Africa: Medical Photobiostimulation System Market, by Application – Revenue and Forecast to 2028 (USD Million)4
Table 69. Rest of Middle East and Africa: Medical Photobiostimulation System Market, by Pain Management – Revenue and Forecast to 2028 (USD Million)4
Table 70. South and Central America: Medical Photobiostimulation System Market, by Product – Revenue and Forecast to 2028 (USD Million)6
Table 71. South and Central America: Medical Photobiostimulation System Market, by Application – Revenue and Forecast to 2028 (USD Million)7
Table 72. South and Central America: Medical Photobiostimulation System Market, by Pain Management – Revenue and Forecast to 2028 (USD Million)7
Table 73. Brazil: Medical Photobiostimulation System Market, by Product – Revenue and Forecast to 2028 (USD Million)9
Table 74. Brazil: Medical Photobiostimulation System Market, by Application – Revenue and Forecast to 2028 (USD Million)9
Table 75. Brazil: Medical Photobiostimulation System Market, by Pain Management – Revenue and Forecast to 2028 (USD Million)0
Table 76. Argentina: Medical Photobiostimulation System Market, by Product – Revenue and Forecast to 2028 (USD Million)1
Table 77. Argentina: Medical Photobiostimulation System Market, by Application – Revenue and Forecast to 2028 (USD Million)2
Table 78. Argentina: Medical Photobiostimulation System Market, by Pain Management – Revenue and Forecast to 2028 (USD Million)2
Table 79. Rest of South and Central America: Medical Photobiostimulation System Market, by Product – Revenue and Forecast to 2028 (USD Million)4
Table 80. Rest of South and Central America: Medical Photobiostimulation System Market, by Application – Revenue and Forecast to 2028 (USD Million)4
Table 81. Rest of South and Central America: Medical Photobiostimulation System Market, by Pain Management – Revenue and Forecast to 2028 (USD Million)5
Table 82. Organic Developments Done by Companies3
Table 83. Inorganic Developments Done by Companies3
Table 84. Glossary of Terms, Medical Photobiostimulation System Market5
LIST OF FIGURES
Figure 1. Medical Photobiostimulation System Market Segmentation
Figure 2. Medical Photobiostimulation System Market Segmentation, By Region
Figure 3. Global Medical Photobiostimulation System Market Overview
Figure 4. Infrared Light Segment Held the Largest Share of the Type Segment in Medical Photobiostimulation System Market
Figure 5. Asia Pacific to Show Significant Growth During Forecast Period
Figure 6. Medical Photobiostimulation System Market, by Geography (US$ Million)
Figure 7. Global Medical Photobiostimulation System Market– Leading Country Markets (US$ Million)
Figure 8. Global Medical Photobiostimulation System Market, Industry Landscape
Figure 9. North America PEST Analysis
Figure 10. Europe and PEST Analysis
Figure 11. Asia Pacific PEST Analysis
Figure 12. Middle East and Africa PEST Analysis
Figure 13. South and Central America (SCAM) PEST Analysis
Figure 14. Medical Photobiostimulation System Market Impact Analysis of Drivers and Restraints
Figure 15. Global Medical Photobiostimulation System Market– Revenue Forecast and Analysis – 2020- 2028
Figure 16. Global Medical Photobiostimulation System Market – By Geography Forecast and Analysis – 2021- 2028
Figure 17. Market Positioning of Key Players in Global Medical Photobiostimulation System Market
Figure 18. Medical Photobiostimulation System Market Revenue Share, By Product (2021 and 2028)
Figure 19. Infrared Light: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Red Light: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Others: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Medical Photobiostimulation System Market, by Application 2021 & 2028 (%)
Figure 23. Pain Management: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Dentistry: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Veterinary: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Others: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Wound Care: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Cosmetic Applications: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Others: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. North America: Medical Photobiostimulation System Market, by Key Country – Revenue (2021) (USD Million)
Figure 31. North America Medical Photobiostimulation System Market Revenue and Forecast to 2028 (USD Million)
Figure 32. North America: Medical Photobiostimulation System Market, by Country, 2021 & 2028 (%)
Figure 33. US: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
Figure 34. Canada: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
Figure 35. Mexico: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
Figure 36. Europe: Medical Photobiostimulation System Market, by Key Country – Revenue (2021) (USD Million)
Figure 37. Europe: Medical Photobiostimulation System Market Revenue and Forecast to 2028 (USD Million)
Figure 38. Europe: Medical Photobiostimulation System Market, by Country, 2021 & 2028 (%)
Figure 39. Germany: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
Figure 40. France: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
Figure 41. UK: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
Figure 42. Italy: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
Figure 43. Spain: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
Figure 44. Rest of Europe: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
Figure 45. Asia Pacific: Medical Photobiostimulation System Market, by Key Country – Revenue (2021) (USD Million)
Figure 46. Asia Pacific: Medical Photobiostimulation System Market Revenue and Forecast to 2028 (USD Million)
Figure 47. Asia Pacific: Medical Photobiostimulation System Market, by Country, 2021 & 2028 (%)
Figure 48. Japan: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
Figure 49. China: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
Figure 50. India: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
Figure 51. South Korea: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
Figure 52. Australia: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)
Figure 53. Rest of Asia Pacific: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)1
Figure 54. Middle East & Africa: Medical Photobiostimulation System Market, by Key Country – Revenue (2021) (USD Million)3
Figure 55. Middle East & Africa Medical Photobiostimulation System Market Revenue and Forecast to 2028 (USD Million)4
Figure 56. Middle East & Africa: Medical Photobiostimulation System Market, by Country, 2021 & 2028 (%)6
Figure 57. Saudi Arabia: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)7
Figure 58. UAE: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)9
Figure 59. South Africa: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)1
Figure 60. Rest of Middle East and Africa: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)3
Figure 61. South and Central America: Medical Photobiostimulation System Market, by Key Country – Revenue (2021) (USD Million)5
Figure 62. South and Central America: Medical Photobiostimulation System Market Revenue and Forecast to 2028 (USD Million)6
Figure 63. South and Central America: Medical Photobiostimulation System Market, by Country, 2021 & 2028 (%)8
Figure 64. Brazil: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)9
Figure 65. Argentina: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)1
Figure 66. Rest of South and Central America: Medical Photobiostimulation System Market – Revenue and Forecast to 2028 (USD Million)3
Figure 67. Impact of COVID-19 Pandemic in North American Country Markets6
Figure 68. Impact of COVID-19 Pandemic in European Country Markets8
Figure 69. Impact of COVID-19 Pandemic in Asia Pacific Country Markets9
Figure 70. Impact Of COVID-19 Pandemic in Middle East and Africa Country Markets0
Figure 71. Impact Of COVID-19 Pandemic in South and Central America Africa Country Markets1
Figure 72. Growth Strategies Done by the Companies in the Market, (%)2
The List of Companies - Medical Photobiostimulation System Market
- BioLight Technologies LLC.
- Omega Laser Systems Ltd
- Vielight Inc.
- Theradome Inc.
- Lexington Intl., LLC
- THOR Photomedicine Ltd
- Ingeneus
- iRestore Hair Growth System
- Meditech International Inc. (BIOFLEX Laser Therapy)
- Apira Science, Inc. (iGrow Laser)
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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