According to the current analysis of Reports and Data, the global Phototherapy market was valued at USD 554.6 Million in 2024 and is expected to reach USD 784.0 Million by year 2028, at a CAGR of 4.6%. The study covers the genre of healthcare with special focus on the Phototherapy market. 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. It uses Ultraviolet Light (UV Light). Mainly, 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. A rise in the tendencies of the people to encounter skin diseases. Rising cases of skin diseases, neonatal jaundice, mood and sleep problems etc. along with technological advancements and increasing awareness among the people are the key driving factors. Rising preference towards minimally invasive treatments along with the continuous technological developments are some of the other key factors driving the market. However, strict regulations of the government for the launch of new, improved devices, the high costs and the side effects are the major restraining factors for the market.
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The report provides a panoramic view of the market and insights that will help formulate better business decisions. In addition to that, the study helps well-established companies and players gain a deeper understanding of the market and make informed decisions. The report also discusses in detail about the key factors influencing the market growth.
Key companies operating in the market include:
Wellton Healthcare, GE healthcare, Phoenix Medical Systems, Nice Neotech Medical Services Pvt. Ltd., National Biological Corp. and Atom Medical Corporation
The report covers an extensive analysis of the key market players in the market along with their business overview, expansion plans, and strategies. The report also focuses on recent strategic alliances in the market including mergers and acquisitions, joint ventures, partnerships, agreements, corporate and government deals, product launches, and brand promotions, among others.
On basis of product types and application offered by the Phototherapy industry, the market is segmented into:
Therapy Type (Revenue, USD Million; 2016–2028)
- Ultraviolet B (UVB)
- Psoralen UV A (PUVA)
Disease Type (Revenue, USD Million; 2016–2028)
- Skin Disease:
- Psoriasis
- Eczema
- Vitiligo
- Acne
- Other
- Mood and Sleep Disorders
- Cancers and Pre-cancers
- Neonatal Jaundice
- Other Diseases
End Use (Revenue, USD Million; 2016–2028)
- Home
- Hospitals
- Clinics
Device Type (Revenue, USD Million: 2024-2028)
- CFL
- Lamps
- LED
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The report aims to provide a better understanding of the market dynamics and the workings of the industry on a global level. To gain a deeper understanding of the industry, the global Phototherapy market is further segmented on the basis of key geographical regions such as North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. The report also offers a country-wise analysis to provide crucial insights into market size, market growth, market revenue growth, and economic growth in each region.
The regional analysis covers:
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
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Benefits of Phototherapy Market Report:
- Panoramic overview of the opportunities and risks in the Phototherapy sector
- Study of recent innovations and developments in the industry
- Comprehensive study of the growth pattern of the Phototherapy industry
- In-depth assessment of the competitive landscape of the key players of the Phototherapy industry
- Analysis of the Phototherapy market drivers, constraints, and opportunities
- Assessment of technological developments and latest trends of the industry
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