Global Photomedicine Market
Global Photomedicine Market is expected to register a CAGR 5.5% over the forecast period 2020-2027.
The Qualiket Research report offers valuation and analysis of Global Photomedicine Market on a global and regional level. The study covers a comprehensive assessment of industry latest trends, drivers, restraints, opportunities, avenues, and industry-validated market data. Also, the Qualiket Research provides detailed analysis of COVID-19 pandemic impact on global photomedicine market during this forecast period.
Photomedicine is the branch of medicine which involves the study of light and its application. Photomedicine market is based on different photomedicine technologies such as fluorescent lamps, laser, and polychromatic polarized light. Photomedicine technology is used for various therapeutic and diagnostic purposes. In this technology specific wavelength is used for therapeutic purpose in various sectors such as dermatology, oncology, and ophthalmology. Also, this technology is used for different aesthetic purposes such as tattoo, and hair removal.
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Rise in awareness activities regarding beauty and physical appearance is expected to drive the photomedicine market growth. Furthermore, rise in prevalence of various skin diseases like acne, and psoriasis will have positive impact on photomedicine market growth. Moreover, rise in awareness regarding photomedicine and increasing incidence of neonatal jaundice is expected to boost the photomedicine market growth.
However, high cost of photomedicine procedure is the major restraining factor which is expected to hinder the growth of Photomedicine Market. Also, safety issues related to photomedicine devices expected to hamper the Photomedicine Market growth.
The Global Photomedicine Market is segmented into technology, application, and region.
On the basis of technology, the Global Photomedicine Market is segmented into Fluorescent Lamps, Laser, and Polychromatic Polarized Light. Further, On the basis of application, the Global Photomedicine Market is segmented into Oncology, Ophthalmology, and Aesthetics and Dermatology.
Some key operating players are profiled in the global photomedicine market report including Koninklijke Philips N.V., Biolitec AG, Lumenis, Alma Lasers, Syneron Candela, Photomedex Inc., Thor Photomedicine Ltd, and Verilux Inc.
- Qualiket Research offers an extensive analysis of the current and latest market trends and dynamics in the global photomedicine market.
- In-depth analysis is conducted by global photomedicine market estimations for the key market segments between 2020 and 2027.
- Various key companies are profiled with their strategies to understand the competitive outlook of the global photomedicine market.
On the basis of region, the Global Photomedicine Market is segmented into five segments such as North America, Latin America, Europe, Asia Pacific, and Middle East& Africa.
The North America holds a prominent market share of the global photomedicine market, owing to increase in adoption of photomedicine in the use of treatment and diagnosis. Also, Europe, and Asia Pacific are emerging regions in the global photomedicine market due to increase in medical tourism in this region. Regions such as Latin America and Middle East & Africa also providing a fair share to the global photomedicine market growth over the forecast period.
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