Photomedicine Technology Market – Growth, Trends, and Forecasts (2020 – 2025) – GlobeNewswire

New York, Dec. 02, 2020 (GLOBE NEWSWIRE) — announces the release of the report “Photomedicine Technology Market – Growth, Trends, and Forecasts (2020 – 2025)” –
According to the American Society for Aesthetic Plastic Surgery (ASAPS), laser hair removal treatments were the third most popular non-surgical cosmetic procedure in 2017. According to the data published by the American Society for Aesthetic Plastic Surgery, about 31,892 laser skin resurfacing procedures and 178,488 laser or pulsed light hair removal procedures were undertaken in the United States in 2017.

Furthermore Increasing awareness about non-invasive procedures, advancements in laser delivery procedures, and rising demand for cosmetic surgeries are contributing to the expanding adoption of advanced laser-based therapies, which, in turn, is expected to fuel the growth of the global photomedicine technology market during the forecast period. However, the high cost of photomedicine and advanced device technologies are expected to hinder the market growth.

Key Market Trends
Oncology Segment is Expected to Register Significant Growth

– Phototherapy is one of the most successful therapies used for curing cancer. In a process called photodynamic therapy (PDT), light-sensitive drugs are injected into the body, which settles into the cancer cells. When the cells are exposed to certain light waves, the drugs are activated to kill the cells and shrink the tumor.
– US FDA approved the photosensitizing agent called porfimer sodium, or photofrin, for use in PDT, to treat or relieve the symptoms of esophageal cancer and non-small cell lung