Global Phototherapy Market Size Hit USD 593.96 Million at a CAGR of 4.8% in 2030

The global phototherapy market size was USD 389.5 Million in 2021 and is expected to register a revenue CAGR of 4.8% over the forecast period, according to the latest report by Reports and Data.

The increased popularity of LED-based treatments is one of the primary drivers driving revenue growth in the worldwide phototherapy market share. Phototherapy, which employs light radiation, can be used to treat physical or mental illnesses. Depending on the wavelength and therapeutic dose of the light, cells and tissues may behave differently.

One of the primary benefits of LED-based phototherapy is an increase in collagen levels in the skin, which can reduce the appearance of wrinkles and other indicators of ageing. Acne, dermatitis, eczema, psoriasis, rosacea, scarring, and sun damage are among the other conditions treated by LED light treatment. LED light treatment has an antibacterial effect, which makes it excellent in killing germs that can accumulate in pores and oil glands and trigger outbreaks.

Companies profiled in the global market report include Medtronic plc, Stryker Corporation, Zimmer Biomet, Johnson & Johnson Services, Inc., Smith & Nephew plc, Aesculap, Inc., CONMED Corporation, DJO, LLC, NuVasive, Inc., and Integra LifeSciences.

Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/1526

Market Overview:

The research report assesses the market dynamics, market landscape, company profiles, production and manufacturing capacity, year-on-year growth rate, SWOT analysis, and Porter’s Five Forces analysis. The report estimates the market size, market growth, and provides an accurate forecast for the key segments of the market for the forecast period of 2022-2030. The report also covers an in-depth analysis of the key competitors of the market, along with their growth strategies and business expansion plans.

The Phototherapy Market has been segmented into key regions of the world and offers an analysis of growth rate, market share, market size, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Phototherapy Market.

Further key findings from the report suggest,

• The worldwide phototherapy market is divided into five applications: skin diseases, mood and sleep disorders, malignancies and pre-cancers, newborn jaundice, and other illnesses. Because of the increased frequency of different skin disorders among individuals, the skin diseases category accounted for the greatest revenue share in 2021. Skin problems such as vitiligo and eczema are two common skin conditions that may aid the market sector’s operation. Increased usage of the treatment is projected to promote segment revenue growth in the near future.
• According to regional analysis, North America will account for the greatest market revenue share in 2021. North America is predicted to have a considerable market share, owing to its important influence in deciding the global phototherapy market size. The region’s strong demand for phototherapy products for skin treatment is the primary driver driving market revenue growth. Furthermore, technological advancements, availability to suitable infrastructure, and an increase in infant jaundice and skin disorders in the region are driving market revenue growth.
• Little Sparrows Technologies’ bili-hut received FDA clearance for home-based phototherapy treatment for newborn babies with jaundice on November 16, 2021, decreasing healthcare expenses and keeping newborns and their families together throughout treatment. The equipment delivers high-intensity phototherapy on par with NICU-level treatments. It is also portable, foldable, lightweight, and energy-efficient enough to operate on batteries. The bili-hut may be used in hospitals, at home, or in a variety of settings, including rural and resource-limited areas, and is easily cleaned with standard hospital sanitising chemicals.

To understand how our Phototherapy Market can bring difference to your business strategy:– https://www.reportsanddata.com/report-detail/phototherapy-market

For the purpose of this report, Reports and Data has segmented the global Phototherapy industry into Device Type Outlook, Application Outlook, Therapy Type Outlook, End-use Outlook, Regional Outlook:

Device Type Outlook (Revenue, USD Billion; 2019-2030)

• CFL
• LED
• Lamps

Therapy Type Outlook (Revenue, USD Billion; 2019-2030)

• Ultraviolet B
  • Broadband UVB
  • Narrowband UVB
• Psoralen Ultraviolet A

Application Outlook (Revenue, USD Billion; 2019-2030)

• Skin Diseases
• Mood and Sleep disorders
• Cancers and Pre-cancers
• Neonatal jaundice
• Other Diseases

End-Use Outlook (Revenue, USD Billion; 2019-2030)

• Clinics
• Hospitals
• Dermatology Center
• Homecare

Regional Outlook (Revenue, USD Billion; 2019-2030)

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Sweden
  • 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
  • UAE
  • South Africa
  • Israel
  • Rest of MEA

Request a customization of the report : https://www.reportsanddata.com/request-customization-form/1526

 Key Advantages of Phototherapy Market Report:

• Identification and analysis of the market size and competition
• Qualitative and quantitative analysis of the market data
• Data validated by industry experts after extensive primary and secondary research
• Extensive regional analysis of the Phototherapy industry
• Profiling of key players along with their business overview, business strategies, deals and partnerships, and product portfolio
• SWOT and Porter’s Five Forces Analysis for in-depth understanding of the competitive landscape
• Feasibility analysis and investment analysis to enable strategic investment decisions
• Analysis of opportunities, drivers, restraints, challenges, risks, and limitations

Conclusively, all aspects of the Phototherapy Market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.

About Us:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

Contact Us:

John W
Head of Business Development
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Reports and Data | Web: www.reportsanddata.com
Check our upcoming research reports @ https://www.reportsanddata.com/upcoming-reports
Visit our blog for more industry updates @ https://www.reportsanddata.com/blogs

Image Credit

Browse More Reports:

https://www.biospace.com/article/increasing-prevalence-of-anaphylactic-shock-rising-awareness-about-auto-injectors-and-patient-preference-for-self-injection-are-major-growth-driving-factors-for-the-global-auto-injectors-market-reports-and-data/

https://www.biospace.com/article/fractional-flow-reserve-industry-analysis-2021-2028-/

https://www.biospace.com/article/foot-and-ankle-devices-market-reported-a-large-market-size-in-2019-which-is-expected-to-expand-significantly-in-2028-at-a-rapid-revenue-growth-rate-during-the-forecast-period-reports-and-data/

https://www.biospace.com/article/rise-in-adoption-of-mobile-imaging-technology-to-detect-and-monitor-diseases-and-their-progression-is-contributing-immensely-to-market-growth-of-global-mobile-imaging-services-reports-and-data/

The post Global Phototherapy Market Size Hit USD 593.96 Million at a CAGR of 4.8% in 2030 appeared first on Market O Graphics.