Healthcare news Photomedicine Devices And Technologies Market

Photomedicine Devices And Technologies Market Size, Share & Trends
Analysis Report and Segment Forecast, 2024| Grand View Research, Inc
“The global photomedicine devices and technologies market accounted for USD
314.9 million in 2015 and is anticipated to exhibit a growth rate of 4.6% over the
forecast period.”
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.
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