Photomedicine Market is estimated to be valued at USD 4.96 Bn in 2025 and is expected to reach USD 10.49 Bn by 2032, growing at a compound annual growth rate (CAGR) of 11.3% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 4.96 Bn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
11.30%
2032 Value Projection:
USD 10.49 Bn
Photomedicine is a branch of medicine that involves the use of light and photobiology for diagnosis and treatment. It has gained significant attention in recent years due to its non-invasive nature and the potential for targeted therapy. The field encompasses various applications, including photodynamic therapy, low-level laser therapy, and photobiomodulation. Photomedicine provides promising alternatives to traditional medical interventions, offering patients safer and more efficient treatment options. The technology has evolved significantly with advancements in laser and light-based devices, enhancing the efficacy and reliability of photomedicine procedures.
Market Dynamics:
The photomedicine market is driven by several factors, including the growing demand for minimally invasive procedures, the increasing prevalence of skin disorders and chronic diseases, and the expanding geriatric population. For instance, on February 8, 2023, according to a report published by John Wiley & Sons, Inc., a multinational publishing company, about 20% of children and up to 10% of adults suffer with eczema, which is linked to a significant burden of morbidity and expenses for both individuals and healthcare systems.. The advancements in laser and light-based technologies have made photomedicine more accessible and effective, further driving market growth.
However, market growth may be hindered by factors such as the high cost of photomedicine devices and treatments, strict regulatory requirements, and a lack of skilled professionals. Moreover, the COVID-19 pandemic has affected the market negatively, leading to a decline in elective procedures due to lockdowns and safety restrictions.
Despite these challenges, there are several opportunities for market expansion. The rising adoption of telemedicine and the increasing focus on personalized medicine present avenues for the growth of photomedicine. Additionally, the development of portable and handheld devices, along with the integration of artificial intelligence and machine learning, opens up new possibilities for improved diagnosis and treatment within the field.
Key features of the study:
This report provides in-depth analysis of the global photomedicine market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period 2025-2032, considering 2024 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 approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global photomedicine 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 Lumenis, Alma Lasers, THOR Photomedicine, PhotoMedex, Syneron, Galderma, Candela, Beiersdorf, IRIDEX Corporation, and Quantel Laser
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 photomedicine 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 photomedicine market
Detailed Segmentation:
By Light Source
Lasers
Full Spectrum Light
Lamps
Light Emitting Diodes (LED)
Others (Broadband Light, etc.)
By Application
Skin Diseases
Oncology
Dental/Aesthetic Procedures
Pain Management
Others
By End User
Hospitals
Clinics
Research Institutions
Others
By Region
North America
Europe
Asia Pacific
Latin America
Middle East
Africa
Company Profiles
Lumenis
Alma Lasers
THOR Photomedicine
PhotoMedex
Syneron
Galderma
Candela
Beiersdorf
IRIDEX Corporation
Quantel Laser
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Photomedicine, By Light Source
Market Photomedicine, By Application
Market Photomedicine, By End User
Market Photomedicine, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Market Restraints
Market Opportunities
Impact Analysis
Key Highlights
Regulatory Scenario
Product launch/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario
4. Photomedicine Market - Impact of Coronavirus (COVID-19) Pandemic
COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact
5. Photomedicine Market, By Light Source, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Lasers
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Full Spectrum Light
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Lamps
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Light Emitting Diodes (LED)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Others (Broadband Light, etc.)
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
6. Photomedicine Market, By Application, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Skin Diseases
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Oncology
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Dental/Aesthetic Procedures
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Pain Management
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
7. Photomedicine Market, By End User, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Hospitals
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Clinics
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Research Institutions
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Billion)
8. Photomedicine Market, By Region, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, By Country, 2025 and 2032 (%)
Y-o-Y Growth Analysis, For Country 2021 -2032
Country Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2020 - 2032, (US$ Bn)
U.S.
Canada
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2020 - 2032, (US$ Bn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2020 - 2032, (US$ Bn)
India
China
Japan
Australia
ASEAN
South Korea
Rest of Asia Pacific
Latin America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2020 - 2032, (US$ Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2020 - 2032, (US$ Bn)
GCC
Israel
Rest of Middle East
Africa
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2020 - 2032, (US$ Bn)