The global market for phototherapy lamps as used to treat skin conditions is expected to reach £2.8bn by the end of 2022.
Phototherapy lamps are indicated for psoriasis, vitiligo, eczema and various other skin diseases. These devices have gained immense popularity in the field of aesthetic medicine because of their simplistic nature and better efficacy in easing different symptoms related to skin disorders.
This is according to the report by Future Market Insights (FMI), which notes that the advancing demand in dermatology, along with the constant innovations occurring in phototherapy, give manufacturers many opportunities for expansion and growth. The report maintains that of all the treatment alternatives available in dermatology, only a few have phototherapy's history, success and safety.
“Escalating demand for better treatment methods for skin conditions is propelling the market growth of phototherapy lamps over the forecast period,” an FMI analyst said.
As per the FMI report, the psoriasis segment of the market is expected to contribute the most to the target market. According to the World Psoriasis Day consortium, around 125 million people have psoriasis globally and this number is likely to further increase during the forecast period.
In terms of end-user, skincare clinics are dominating the global market space. FMI predicts that the LED segment will notice a spike in demand over the forecast period. It’s worth noting that LED is often used as an add-on by salons to enhance acne and anti-ageing facial treatments.