(PharmaNewsWire.Com, June 15, 2017 ) According to Publisher, the Global Photomedicine Market is accounted for $313.23 million in 2015 and is expected to reach $426.89 million by 2022 growing at a CAGR of 4.5% during the forecast period. Growing geriatric population and rising awareness for beauty are some of the factors boosting the market growth. However, huge costs and product safety concerns are anticipated to hamper the market growth.
By application, Oncology segment is anticipated to witness significant growth during the forecast period owing to rising prevalence of cancer worldwide. By region, North America commanded the largest share in the global market due to increased desire to retain youth and beauty among population. However, emerging markets such as Brazil, India, Germany, Saudi Arabia and China are anticipated to grow at the highest CAGR due to demand for new therapies for body contouring and other medical conditions.
Some of the key players in Photomedicine market include Abbott Medical Optics Inc., Novartis, Philips, BIOLITEC, THOR Photomedicine Ltd, Quantel medical, Alma Lasers, Ltd., IRIDEX, QBMI PhotoMedicine, Switch Biotech, Syneron Medical Ltd., AngioDynamics, Wellman Center for Photomedicine, Spectranetics, Lumenis Ltd., Pfizer Inc., Colorado Skin & Vein and PhotoMedex.
Regions Covered: - North America o US o Canada o Mexico - Europe o Germany o France o Italy o UK o Spain o Rest of Europe - Asia Pacific o Japan o China o India o Australia o New Zealand o Rest of Asia Pacific - Rest of the World o Middle East o Brazil o Argentina o South Africa o Egypt
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