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.
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.
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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.
Photomedicine Market Segmentation
Photomedicine Market is segmented into technology such as Fluorescent Lamps, Laser, and Polychromatic Polarized Light, by application such as Oncology, Ophthalmology, and Aesthetics and Dermatology.
Also, Photomedicine Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East and Africa.
Photomedicine Market Key Players
Various key players are discussed in this report such as Koninklijke Philips N.V., Biolitec AG, Lumenis, Alma Lasers, Photomedex Inc., Syneron Candela, Thor Photomedicine Ltd, and Verilux Inc.
Photomedicine Market Taxonomy
- Fluorescent Lamps
- Polychromatic Polarized Light
- Aesthetics and Dermatology
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
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