Photomedicine Market Companies and their Innovations
The global photomedicine market size was estimated at US$ 4.99 billion in 2023 and is projected to grow to US$ 10.22 billion by 2034, rising at a compound annual growth rate (CAGR) of 6.74% from 2024 to 2034.
Top Companies in the Photomedicine Market
- AngioDynamics Inc.
- Sisram Medical Ltd.
- Apax Partners Llp
- Baring Private Equity Asia Limited
- Biomedical Technology Holdings Limited
- Koninklijke Philips N.V.
- PhotoMedex Inc.
- Colorado Skin and Vein
- Thor Photomedicine Ltd
- Johnson and Johnson md&d
Recent Announcements by Industry Leaders
The technology developed by CLINUVEL has the potential to upend the skincare industry in addition to the pharmaceutical industry. The company is introducing PhotoCosmetics, a line of cutting-edge skincare products based on a class of peptides called melanocortins, following 43 years of photomedicine research.
Recent Developments in the Photomedicine Market
- In July 2024, the Ascent Laser Series was formally launched, according to Aspen Laser Systems, LLC. The new therapeutic laser series has a quad-wave laser with combined wavelengths of 670 nm, 810 nm, 980 nm, and 1064 nm, with a total power of 32 watts. Aspen Laser Systems is a corporation that specializes in photobiomodulation and photomedicine technologies.
- In March 2024, leading biopharmaceutical business CLINUVEL held a comprehensive market briefing in DÜSSELDORF, Germany, where they talked about the future of photomedicine and their new medication SCENESSE® (afamelanotide).
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