Healthcare news Photomedicine Devices And Technologies Market | Page 2

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Further Key Findings from the Study Suggest:

Oncology segment is expected to show lucrative growth in the near future due to the increasing global cancer
incidence and government funding related to cancer research. In addition, the introduction of various
photomedicine technologies in cancer treatment such as photodynamic therapy (PDT), immuno PDT, and
fluorescence-guided surgery are anticipated to boost the usage rates in the coming years

Dichroic lamps are expected to gain popularity in the next 7 years due to their increasing medical application,
such as their use in illuminating the organs during endoscopy. On the other hand, laser surgery is anticipated to
show substantial growth during the forecast period due to its increasing adoption by healthcare professionals
and the growing awareness levels amongst the end users regarding the merits of laser use in surgeries

For instance, miniature lasers and light emitting diodes, made up of biocompatible materials are used in optical
sensing & therapy. Furthermore, the evolution of optogenetics has led to the development of highly efficient
photonic devices with better level of integration achieved through neurological circuits thus enabling enhanced
optical communication, which offer health monitoring and light activated in vivo therapies for disease treatment

Asia Pacific photomedicine devices market is anticipated to show lucrative growth during the forecast period.
Increasing demand for minimally invasive aesthetic procedures, soaring geriatric population, ongoing cancer
research, and the increasing healthcare spending are contributing toward the highest regional growth

The photomedicine devices market is oligopolistic in nature and is dominated by players such as Colorado Skin &
Vein, THOR Photomedicine Ltd., Lumenis, QBMI Photomedicine, Alma Lasers Ltd., AngioDynamics, and
PhotoMedex, Inc. Market players are focusing on strategies such as updating current products, product
launches, acquisitions, and distribution agreements

For example, in May 2014, Spectranetics announced the acquisition of AngioScore, Inc., for USD 230 million. This
acquisition led to the expansion of the sales & distribution network of the company and the expansion of the
company’s addressable market
Grand View Research has segmented the photomedicine devices market by application, technology, and region:
Global Photomedicine Devices Application Outlook (Revenue, USD Million, 2013 - 2024)
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