This report presents information related to key drivers, constraints, and opportunities along with an in-depth analysis of the global Phototherapy market share.
PORTLAND, Ore., USA, Sept. 1, 2022 /EINPresswire.com/ — Product launches by key players are key features to meet the demand of the light therapy market to drive market growth in the near future . For example, in September 2019, PhotonMD Inc. announced positive results of a clinical trial evaluating the effectiveness of his REVIANRED device on air conservation.
Increasing global incidence of skin diseases requiring phototherapy for treatment such as wrinkles, psoriasis, acne vulgaris and other skin diseases will help the market to grow significantly during the forecast period. Increased use of narrowband and broadband ultraviolet phototherapy to treat skin-related conditions will drive industry growth during the initiation period.
Moreover, sleep disorders are one of the major problems facing the world population these days and can be cured using phototherapy, which will boost the phototherapy industry in the coming years. According to the American Sleep Association, the estimated number of people who suffer from sleep disorders is about 50-70 million and is expected to increase due to psychological stress and other factors.
The global lockout situation caused by the outbreak of the pandemic has caused an unprecedented contraction of economic activity. Covid-19 is straining healthcare systems around the world, including the treatment of various diseases. Health care workers are at risk of contracting the virus through direct contact with people who are carriers of Covid-19. Various digital platforms for video conferencing have helped those suffering from this disorder who need phototherapy.
Leading companies profiled in this report include Beurer, Chal-Tec, Lucmed, Lumie, Aura Daylight, Koninklijke Philips, Northern Light Technology, Zepter International Nature Bright, Sphere Gadget Technologies, Neutrogena and Photomedex.
• The study presents an analytical portrayal of the global phototherapy industry to determine current trends and potential pockets of estimated future investment.
• This report presents an in-depth analysis of the global phototherapy market share along with information related to key drivers, constraints and opportunities.
• A quantitative analysis of the current market has been conducted to reveal the growth scenario of the global phototherapy market from 2020 to 2027.
• Porter’s Five Forces Analysis explains the strengths of buyers and suppliers in the light therapy market.
• This report provides an in-depth global market analysis based on the intensity of competition and how the competition will shape in the coming years.
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