The global photomedicine market is projected to grow at a modest CAGR of 6%, during the forecast period. Photomedicine is a branch of medicine that involves treatment and diagnosis of diseases and other health-related disorders by using photobiology and light. The treatment is performed by exposing the individual to light with specific wavelengths through lasers, full-spectrum light, light-emitting diodes, fluorescent lamps, dichroic lamps, and polychromatic polarizedlight. Photo medicine has application in the treatment and diagnosis of cancer, heart diseases, and various infections. The photomedicine market is growing significantly due to enhancement in medical aesthetic technologies, growing investment and funding in R&D for photomedicine, and increasing adoption of minimally invasive procedures.
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Rising consciousness regarding beauty and physical appearance in the youth and middle-aged population, and advancement in laser surgical procedures are projected to boost the market growth. The increasing prevalence of skin diseases such as acne, psoriasis and eye diseases are further fueling the growth of the market. Moreover, the rising incidence of neonatal jaundice and growing awareness about the benefits of photomedicine is propelling the growth of the global market. The safety issues associated with photomedicine devices and availability of several other alternative procedures are projected to hamper the market growth. However, the advancement of technology that includes optical diagnosis procedures and introduction of devices for full-body treatment is boosting the growth of the market.
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Global Photomedicine Market Segmentation
Others (Surgical Procedures)
Bioptron Light Therapy
Full Spectrum Light
Light Emiting Diodes (LED) &Fluroscent Lamps
Polychromatic Polarized Light
Rest of Europe
Rest of Asia-Pacific
Rest of the World
Alma Lasers GmbH
Angio Dynamics, Inc.
Carl Zeiss Meditec AG
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