Medical Photobiostimulation System Market is expected to reach US$ 314.88 Mn by 2028

Infrared Light Segment to Lead Medical Photobiostimulation System Market During 2021–2028

According to our latest study on “Medical Photobiostimulation System Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product, and Application,” the 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. The report highlights the key factors driving the market growth and prominent players with their developments in the market. The growth of the medical photobiostimulation system market is primarily attributed to 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. However, stringent regulatory framework hinders the market growth.

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 in the forecast period. Infrared therapy is an innovative method to treat pain and inflammation and is widely being used in medicine, dentistry, veterinary medicine, and autoimmune diseases. Increasing demand for drug-free, and noninvasive method to reduce pain and inflammation is driving the growth of the segment.

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); and Apira Science, Inc. (iGrow Laser) are among the leading companies operating in the Medical Photobiostimulation System market.

Medical Photobiostimulation System Market, by Region, 2021 (%)

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Medical Photobiostimulation System Market to Grow at a CAGR of 6.3% to reach US$ 314.88 Mn Million from 2021 to 2028

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Medical Photobiostimulation System Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Infrared Light, Red Light, Others); Application (Pain Management, Wound Care, Cosmetic Applications, Others) and Geography

The report segments medical photobiostimulation system market as follows:

The medical photobiostimulation system market is segmented on the basis of type and application. Based on type, 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, others. Pain management is further segmented into dentistry, veterinary, and others.

By Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • France
  • Germany
  • UK
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific (APAC)
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Rest of APAC
• Middle East and Africa (MEA)
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA
• South and Central America (SCAM)
  • Brazil
  • Argentina
  • Rest of SCAM