SAN FRANCISCO, September 19, 2016
SAN FRANCISCO, September 19, 2016 /PRNewswire/ --
The global photomedicine devices and technologies market was valued at USD 314.9 million in 2015 and is expected to reach a value of USD 470.8 million by 2024. Growing demand for minimally invasive aesthetic procedures is a key contributing factor toward the flourishing market growth. Rising concern amongst the youth regarding their physical and aesthetic appearance is a crucial factor responsible for this growth.
Moreover, benefits associated with the use of laser surgery, such as less recovery time, painless procedure, cost efficiency, and shorter length of hospital stay, are the factors expected to fuel the demand for minimally invasive aesthetic surgeries over the forecast period.
According to the report published by the American society of plastic surgeons, the total number of minimally invasive cosmetic procedures was 13,945,388 in 2014 and is expected to grow by 4% every year. Whereas, the number of procedures in the UK was 50,122 in 2013, which represents a growth of 17% as compared to the previous year. This represents the emergence of the laser-based cosmetic procedures, which in turn is expected to continue boosting the demand for photomedicine devices in the coming years.
In addition, higher adoption of laser surgery in vision correction, body contouring, and in cancer treatment are anticipated to drive the sector growth over the forecast period.
Browse full research report with TOC on " Photomedicine Devices And Technologies Market Analysis By Application (Dermatology, Tattoo Removal, Hair Removal, Skin Resurfacing, Wound Healing, Pain Management, Oncology, Optical Diagnostics, Dental Procedures, Neonatal Jaundice, Seasonal Affective Disorder), By Technology (Laser, Polychromatic Polarized Light, Full Spectrum Light, Dichroic Lamps, Light Emitting Diodes), And Segment Forecasts To 2024 " at : http://www.grandviewresearch.com/industry-analysis/photomedicine-devices-technologies-market
Further Key Findings from the Study Suggest:
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Grand View Research has segmented the photomedicine devices market by application, technology, and region:
About Grand View Research
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Last updated on: 19/09/2016
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