Global Phototherapy Market Size, Share, Forecast Report, 2020-2027

Phototherapy is the treatment with a special kind of light that helps to reduce itch, calm inflammation, increase vitamin D production, and ramp up bacteria-fighting systems in the skin. It helps to treat skin diseases such as psoriasis, vitiligo, jaundice, and others. It is the most common treatment to reduce jaundice in newborn baby. The baby having jaundice need to stay under observation for several days, where baby needs to be lies in a bassinet or enclosed plastic crib and exposed to a type of fluorescent light that is absorbed by the baby body skin, this process change the bilirubin in the baby body into another form that can be extracted from stool and urine.

According to WHO, in 2014, Member States recognized that psoriasis as a serious noncommunicable disease (NCD) in the world health assembly resolution. That resolution mentioned that numerous people in the world suffer from psoriasis, which is leading the market for photography globally. Whereas, there may be the possibility of occurring skin rashes, dehydration, nerve layer may be damaged if eyes are not protected properly. These are the few drawback, which restraints the market of phototherapy.

The global phototherapy market is expected to grow at a CAGR of 4.6 % during the forecast period 2017-2023.
Segmentations

The global phototherapy market is segmented on the basis of devices, indication, and end user.

On the basis of the devices, it is segmented into Firefly, fiber-optic blanket, fiber-optic band, and others.

On the basis of the indication, it is segmented into skin diseases, jaundice, and others. Furthermore, skin disease is segmented into psoriasis, vitiligo, and other skin diseases.

On the basis of the end user, it is segmented into hospitals & clinics, dermatology center, home care, and others.
Key Players

Some of the key players in this market are GE Healthcare (UK), Koninklijke Philips N.V. (Netherlands), Natus Medical Incorporated (U.S.), Beurer GmbH (Germany), Herbert Waldmann GmbH & Co. KG (Germany), PhotoMedex, Inc (U.S.), MTTS ASIA (Vietnam), VIA Global Health (U.S.), and others.