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Posted on : Wednesday, 18 December, 2019  09:46
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Global Photomedicine Market size was valued at US$ 2.6 Bn in 2017 and is expected to reach US$ 5.1 Bn by 2026 to exhibit a CAGR of 8.79 % during a forecast period.

Photomedicine is an interdisciplinary branch of medication that includes the treatment, study and conclusion of light with respect to health and disease. In photomedicine, light at a specific wavelength is used for therapeutic purposes in various fields such as ophthalmology, dermatology, and oncology.

Photomedicine operations are more accurate than other manual surgeries, thus, it is boosting the growth of the market. Rising cosmetic surgeries for aesthetics, rising occurrences of skin diseases, and its treatment through laser are some of the major driving factors of the market. Increasing awareness of physical appearance among the young, increased research and development venture on photomedicine as well as progression in innovation are expected to help the development of the global photomedicine market.

The growth in frequency of neonatal jaundice and a growing consciousness about the advantages of photomedicine additionally boost the growth of the market. However, the rise in the predominance of different skin infections such as psoriasis & acnes and eye ailments, like dry eyes & other vision issues will definitely disturb the market growth. Available another treatment as well as safety concerns also hinder the growth of the photomedicine market.

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