Phototherapy Market Analysis, By Therapy Type (Ultraviolet B, Psoralen UV A) By Disease Type (Skin Diseases, Cancers and Pre-cancers, Neonatal Jaundice, Mood and Sleep Disorders) By Device Type (CFL, LED, Lamps) By End Use (Home, Clinic, Hospital), Forecasts to 2026
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WMR-Western Market Research has recently published a comprehensive and exclusive research report, which is an intelligent study covering all key segments. This research report provides breakthrough inputs and insights on market related factors like size, competition, trends, analysis, forecasts etc. The study encompasses primary and secondary data sources along with quantitative and qualitative practices thus assuring data accuracy.
The global Phototherapy market was valued at USD 500.1 Million in 2018 and is expected to reach USD 717.3 Million by year 2026, at a CAGR of 4.6%. Phototherapy is a type of treatment that involves exposure to fluorescent light bulbs or other sources of light such as halogen lights, sunlight and light emitting diodes or LED lights in order to treat certain medical conditions.Phototherapy is useful to treat several ailments such as psoriasis, vitiligo, some types of cancers and pre cancers, mood and sleep disorders, hyperbilirubinemia, jaundice and skin related symptoms of cancer etc. Phototherapy uses Ultraviolet Light (UV Light). Essentially there are two kinds of rays in the UV light namely, Ultraviolet A rays (UVA) and ultraviolet B rays (UVB). The treatment can be given either to a specific area of the body or to the whole body.
There are two main types of phototherapies namely, Ultraviolet B (UVB) and Psoralen UV A (PUVA). This report focusses on the market for the equipment required in phototherapy. A rise in the tendencies of the people to encounter skin diseases. This has been a key factor in increasing the demand for phototherapy. Rising preference towards minimally invasive treatments along with the continuous technological developments have been the key factors driving the market. The major restraining factors of this treatment are, the high costs and the side effects faced after the treatment. However, the continuous developments, adoption of various out of the box methods to prevent or at least, contain the damage from side effects, has encouraged the market. The launch of advanced tools and equipment for phototherapy is the key factor propelling the market. Wellton Healthcare, GE healthcare, Phoenix Medical Systems, Nice Neotech Medical Services Pvt. Ltd., National Biological Corp. and Atom Medical CorporationUltraviolet B, Psoralen UV A,Skin Diseases, Cancers and Pre-cancers, Neonatal Jaundice, Mood and Sleep Disorders,CFL, LED, Lamps,Home, Clinic, Hospital
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