Photomedicine Manufacturers Technological Advancements, Revenue Diversification, Patent Expansions, Cross-border Expansion, Performance Gap Identification, Organizational Growth Plans, Operational Excellence

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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