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PHOTOBIOMODULATION MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Photobiomodulation Market, By Application (Pain Management, Wound Healing, Dermatology, Orthopedics, and Other Applications), By Wavelength (Infrared Light, Red Light, and Other Wavelengths), By Type of Device (Low-Level Laser Therapy (LLLT) Devices, Light Emitting Diode (LED) Devices, and Other Devices), By End User (Hospitals, Clinics, Home Care Settings, Research Institutes, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

  • Published In : Nov 2024
  • Code : CMI7555
  • Pages :165
  • Formats :
      Excel and PDF
  • Industry : Pharmaceutical

Regional Analysis

Photobiomodulation Market Regional Insights

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Regional Analysis:

Dominating Region: North America

North America dominates the photobiomodulation market with an estimated share of 35.2% in 2024. This can be attributed to factors such as a strong presence of key market players, favorable reimbursement policies, and rising awareness about photobiomodulation therapies. The region is home to many innovators and early adopters of photobiomodulation technologies.

Fastest-Growing Region: Asia Pacific

The Asia Pacific market exhibits the fastest growth, led by China, India, and other emerging Asian countries. Governments in the region are increasingly focusing on improving access to advanced healthcare through strategic policy reforms. This is encouraging the widespread adoption of photobiomodulation across applications such as wound healing and pain management.

Photobiomodulation Market Outlook for Key Countries

Dominant Market with High Adoption Rates in the U.S.

The U.S. leads the photobiomodulation market due to the high prevalence of chronic pain and increasing acceptance of non-invasive therapies. In April 2023, according to Centers for Disease Control and Prevention, in 2021, 20.9% of U.S. adults (51.6 million) experienced chronic pain, and 6.9% (17.1 million) faced high-impact chronic pain that significantly limited daily activities, driving the demand for effective treatment options.

Healthcare Innovations in Canada

Canada photobiomodulation market is expanding as healthcare providers increasingly adopt photobiomodulation therapies. A report from the Canadian Institute for Health Information in November 2022, indicated a 20% increase in the use of photobiomodulation devices in hospitals over the past year, reflecting growing acceptance.

Technologically Advanced Market with Strong Research Focus in Japan

The Japan photobiomodulation market benefits from advanced technology and significant research investments. The Ministry of Health, Labour and Welfare reported in October 2023 that photobiomodulation therapies are being integrated into standard pain management protocols in hospitals, contributing to market growth.

Australia Leads in Arthritis Treatment and Pain Management Innovation in Australia

Australia's leading position in healthcare markets such as arthritis treatments and photobiostimulation is largely driven by the rising prevalence of arthritis. According to the Australian Bureau of Statistics, approximately 3.7 million Australians (14.5%) were living with arthritis as of December 2022. The condition is notably more common among individuals aged 45–54 years, where the prevalence reaches 16.2%, compared to just 2.5% in those aged 0–44 years.

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