PHOTOBIOMODULATION/LIGHT THERAPY: Photomedicine market growing

Jan. 20, 2015
A new report from BCC Research (Wellesley, MA) forecasts that the global photomedicine market will reach $754 million by 2019, registering a compound annual growth rate (CAGR) of 4.1 percent through 2019.

A new report from BCC Research (Wellesley, MA) forecasts that the global photomedicine market will reach $754 million by 2019, registering a compound annual growth rate (CAGR) of 4.1 percent through 2019. Photomedicine includes drugs activated by light, ultraviolet phototherapy, photodynamic therapy (PDT), and photobiomodulation or low-level laser/light therapy. The sector is driven primarily by healthcare reforms that provide coverage to an increasing number of patients and continuous innovation in drug development and medical devices, the report says.

"Current applications depend on the available chemistry and technologies that support phototherapy," says BCC Research healthcare analyst Alessandro Varotto. "Future advances in photomedicine are promising, and there are many potential problems where phototherapy can offer better solutions over conventional treatment options." The industry is challenged by growth in biologics (naturally occurring molecules such as proteins and antibodies), which can be effective for the treatment of conditions targeted by photomedicine. But due to the relatively low cost and fewer side effects of photomedicine, light-based treatments will continue to grow.

Sponsored Recommendations

March 31, 2025
Enhance your remote sensing capabilities with Chroma's precision-engineered optical filters, designed for applications such as environmental monitoring, geospatial mapping, and...
March 31, 2025
Designed for compatibility with a wide range of systems, Chroma's UV filters are engineered to feature high transmission, superior out-of-band blocking, steep edge transitions...
March 31, 2025
Discover strategies to balance component performance and system design, reducing development time and costs while maximizing efficiency.
March 31, 2025
Explore the essential role of optical filters in enhancing Raman spectroscopy measurements including the various filter types and their applications in improving signal-to-noise...

Voice your opinion!

To join the conversation, and become an exclusive member of Laser Focus World, create an account today!