Albany, NY -- (SBWIRE) -- 02/24/2016 -- A report from Transparency Market Research, titled 'Photomedicine Technologies Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,' states that the global photomedicine technologies market is predicted to expand rapidly during the period from 2013 to 2019 owing to its increasing applications and the rising aging population.

Photomedicine is a branch of medicine involving the application of photobiology and light for the diagnosis and treatment of diseases and other health-related complications. Photomedicine technology consists of exposure to lights of particular wavelengths using polychromatic polarized light, lasers, dichroic lamps, full-spectrum light, fluorescent lamps, and light-emitting diodes. Photomedicine technologies are used across various applications such as dermatology, pain management, oncology, tattoo removal, optical diagnostics, wound healing, dental procedures, hair removal, and skin resurfacing.

Photomedicine also includes the molecular and cellular mechanisms of pharmacology, chemistry, physiology, and pathology as they apply to photobiology. The global photomedicine technologies market is divided by geography into North America, Asia Pacific, Europe, and Rest of the World. Currently, North America dominates the global photomedicine technologies market due to the increased desire to retain beauty and youth among the population in the region. The North America photomedicine technologies market is also expected to be propelled by the large pool of baby boomers.

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According to the American Society of Plastic Surgeons, in 2012, approximately around 45,534 body contouring procedures were performed on people in the United States. The demand for therapies for body contouring is expected to increase in the coming few years. The increasing use of photomedicine technologies in markets such as Italy, Germany, India, China, Japan, Saudi Arabia, and Brazil is predicted to propel the global photomedicine technologies market. Improvements in body contouring procedures have led to their growing adoption, which is expected to assist in the growth of the global photomedicine technologies market.

Some of the major factors predicted to propel the global photomedicine technologies market are the increasing aging population and the increasing awareness among people regarding beauty and well-being. Another important factor predicted to contribute towards the growth of the global photomedicine technologies market in the coming few years is the high acceptance rate of minimally invasive medical aesthetic technologies. However, factors such as product safety issues and high development costs are expected to hamper the growth of the global photomedicine technologies market in the next few years.

Some of the leading companies operating in the global photomedicine technologies market are THOR Photomedicine Ltd., Lumenis Ltd., Vein and Alma Lasers Ltd., The Wellman Center for Photomedicine, and Colorado Skin. With the introduction of new photomedicine technologies, the global photomedicine technologies market is predicted to expand at a fast pace. Entry of new companies is anticipated to make the global photomedicine technologies market highly competitive. The new players are expected to contribute handsomely towards the growth of the global photomedicine technologies market through acquisitions and mergers with the leading players.

With the increasing applications of photomedicine across various locations, the global photomedicine technologies market is expected to register considerable growth.

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