Photomedicine Market

Lasers segment is anticipated to dominate the market with maximum share, in 2018. Lasers are used for the treatment of various skin and eye diseases.

NE WIN SIVERS DRIVE, PORTLAND, UNITED STATES, January 11, 2022 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, "Photomedicine Market by Technology, Application, and Geography: Global Opportunity Analysis and Industry Forecast, 2016-2025," the photomedicine market accounted for $2,750 million in 2016 and is anticipated to reach $5,512 million by 2025, registering a CAGR of 10.3% during the forecast period, 2016-2025.

Photomedicine is the branch of medicine that involves the study of light and its application in the treatment and diagnosis of diseases. Different photomedicine technologies such as laser, fluorescent lamps, and polychromatic polarized light are used for various diagnostic and therapeutic purposes. In photomedicine, light at specific wavelength is used for therapeutic purposes in different fields such as ophthalmology, dermatology, and oncology. In addition, these technologies are also used for various aesthetic purposes such as hair and tattoo removal.

𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗮 𝗿𝗲𝗽𝗼𝗿𝘁 𝘀𝗮𝗺𝗽𝗹𝗲 𝘁𝗼 𝗴𝗮𝗶𝗻 𝗰𝗼𝗺𝗽𝗿𝗲𝗵𝗲𝗻𝘀𝗶𝘃𝗲 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗮𝘁: https://www.alliedmarketresearch.com/request-sample/1532

𝗖𝗼𝘃𝗶𝗱-𝟭𝟵 𝗦𝗰𝗲𝗻𝗮𝗿𝗶𝗼:

1) The COVID-19 impact on the Photomedicine Market is unpredictable and is expected to remain in force till the fourth quarter of 2021.

2) The COVID-19 outbreak forced governments across the globe to implement strict lockdowns and banned import-export of nonessential items for most of 2021. This led to sudden fall in the availability of important raw materials.

3) Moreover, nationwide lockdowns forced manufacturing facilities to partially or completely shut their operations.

4) Adverse impacts of the COVID-19 pandemic have resulted in delays in activities and initiatives regarding development of reliable and innovative drone analytics systems globally.

𝗚𝗲𝘁 𝗗𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝗖𝗼𝘃𝗶𝗱-𝟭𝟵 𝗜𝗺𝗽𝗮𝗰𝘁 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗮𝘁- https://www.alliedmarketresearch.com/request-for-customization/1532?reqfor=covid

Key findings of the Photomedicine Market

•Light emitting diodes segment is projected to be the fastest growing segment during the analysis period.

•Laser technology generated the highest revenue and is expected to continue its dominance throughout the forecast period.

•North America dominated global animal therapeutics and diagnostics market and projected to grow at a CAGR of 9.9%.

•Opthalmology segment occupied nearly one-third of the total market in 2015.

•China is the fastest growing country in Asia-Pacific region, registering a CAGR of 13.9% from 2016 to 2022.

North America had the maximum contribution in the photomedicine segment accounting for 36% of the share in the total revenue generated that year. High buying power of the customers, favorable reimbursement policies, and increase in number of cosmetic surgeries in the U.S. largely contribute toward the growth of this region. Asia-Pacific region observes fast paced growth in the photomedicine market registering a CAGR of 11.4%. Rise in disposable income, increase in healthcare expenditure and high potential for cost-savings on aesthetic procedures in Asian countries such as Singapore and Malaysia as compared to U.S. are the main reason for the growth of photomedicine market in the Asia-Pacific region.

𝗟𝗶𝘀𝘁 𝗼𝗳 𝗞𝗲𝘆 𝗣𝗹𝗮𝘆𝗲𝗿𝘀 𝗣𝗿𝗼𝗳𝗶𝗹𝗲𝗱 𝗶𝗻 𝘁𝗵𝗲 𝗥𝗲𝗽𝗼𝗿𝘁:

The major companies profiled in the report provide extensive competitive analysis and profiles of key market players including Abbott Laboratories, Alma Lasers Ltd., Angiodynamics, Inc., Biolitec AG, Colorado Skin and Vein, Koninklijke Philips N.V., Lumenis Ltd., PhotoMedex, Inc., Syneron Medical Ltd., and Thor Photomedicine Ltd.

❝𝗡𝗲𝘄 𝗬𝗲𝗮𝗿 𝗦𝗮𝗹𝗲 𝐔𝐩 𝐓𝐨 𝟮𝟱% 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭, 𝐓𝐢𝐥𝐥 𝟭𝟱𝐭𝐡 𝐨𝐟 𝐉𝐚𝐧𝐮𝐚𝐫𝐲 𝟮𝟬𝟮𝟮❞

𝗧𝗼 𝗚𝗲𝘁 𝗗𝗶𝘀𝗰𝗼𝘂𝗻𝘁, 𝗠𝗮𝗸𝗲 𝗣𝘂𝗿𝗰𝗵𝗮𝘀𝗲 𝗜𝗻𝗾𝘂𝗶𝗿𝘆 𝗮𝘁- https://www.alliedmarketresearch.com/purchase-enquiry/1532

𝗔𝗩𝗘𝗡𝗨𝗘- 𝗔 𝗦𝘂𝗯𝘀𝗰𝗿𝗶𝗽𝘁𝗶𝗼𝗻-𝗕𝗮𝘀𝗲𝗱 𝗟𝗶𝗯𝗿𝗮𝗿𝘆 (𝗣𝗿𝗲𝗺𝗶𝘂𝗺 𝗼𝗻-𝗱𝗲𝗺𝗮𝗻𝗱, 𝘀𝘂𝗯𝘀𝗰𝗿𝗶𝗽𝘁𝗶𝗼𝗻-𝗯𝗮𝘀𝗲𝗱 𝗽𝗿𝗶𝗰𝗶𝗻𝗴 𝗺𝗼𝗱𝗲𝗹) 𝗢𝗳𝗳𝗲𝗿𝗲𝗱 𝗯𝘆 𝗔𝗹𝗹𝗶𝗲𝗱 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵:

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𝗧𝗿𝗲𝗻𝗱𝗶𝗻𝗴 𝗥𝗲𝗽𝗼𝗿𝘁𝘀 𝗶𝗻 𝗛𝗲𝗮𝗹𝘁𝗵𝗰𝗮𝗿𝗲 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 (𝗕𝗼𝗼𝗸 𝗡𝗼𝘄 𝘄𝗶𝘁𝗵 𝟭𝟬% 𝗗𝗶𝘀𝗰𝗼𝘂𝗻𝘁):

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𝐀𝐛𝐨𝐮𝐭 𝐔𝐬

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Allied Analytics LLP
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