Zion Market Research Global Photomedicine Market, 2016–2024 | Page 3

Photomedicine Market
Global Photomedicine Market: Growth Factors
The photomedicine market is a growing market owing to factors such as increasing adoption
of procedures which are minimally invasive, advancements made in medical aesthetic
technologies and increased funding available for research and development of products.
Other factors such as healthcare reforms and the emergence of personalized medicine have
been influencing the growth of the market. There has been an increasing emphasis on
producing new and innovative products. This has caused an upsurge of demand in the
photomedicine market. Photomedicine has found its application in the treatment and
diagnosis of cancer, heart diseases, and several infections. This new treatment option of
photomedicine has outpaced the traditional method of detecting and diagnosing a disease.
Owing to the better efficiency of the photomedicine, the demand for them has been rising
significantly across the globe.
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Global Photomedicine Market: Regional Analysis
Geographically, the photomedicine market is divided into North America, Latin America,
Europe, Asia-Pacific, and the Middle East and Africa of which the largest share of the
market is held by North America. Factors facilitating the growth in this region include
increasing adoption of photomedicine in the use of diagnosis and treatment, a higher rate of
grants received, and research was undertaken to explore this area of medicine. Following