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 polarized light. 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 fuelling 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.
Market Segmentation
Global Photomedicine Market by Application
- Dermatology
- Ophthalmology
- Dentistry
- Oncology
- Wound Healing
- Others (Surgical Procedures)
Global Photomedicine Market by Technology
- Laser
- Bioptron Light Therapy
- Full Spectrum Light
- Dichroic Lamps
- Light Emiting Diodes (LED) &Fluroscent Lamps
- Polychromatic Polarized Light
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