Phototherapy Lamps and Units for Aesthetic Medicine Market Scope and Opportunities Analysis 2018 – 2026
Phototherapy is one of the most advanced and widely adopted technologies. It is also known as light therapy. It is a technique in which the skin is exposed to light sources at regular time intervals. The mechanism for phototherapy was developed in the the 1950s. Currently, it is popularly used in medicine for conditions such as neonatal jaundice; hyperbilirubinemia; and a number of skin disorders such as eczema, acne vulgaris, psoriasis, and skin cancers. The 2015 research findings by the National Health Survey (NHS) suggest that since 2000, there has been an increase in non-surgical cosmetic procedures and the use of phototherapy equipment by 147%. In this technique, the treatment of skin is performed by rays originating from an electric lamp or phototherapy unit/lamp.
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Phototherapy treatments can be delivered to specifically targeted skin areas (affected areas) or to the whole body. Phototherapy units are commonly used for the treatment of infants, but they are also used for the treatment of nursing and pregnant women. Recently, they are also gaining popularity for the treatment of people who lack immunity. Most phototherapy units have no or very few side effects compared to other treatments. Due to this, phototherapy lamps are popularly used in enhancing cosmetic appearance. For example, the lamps are used to reduce signs of aging such as laxity, wrinkles, liver spots, etc.. Phototherapy units and lamps also play a major role in the treatment of obesity, cellulite, and fat. In 2013-2014, Europe’s National Health Service reported that 55,000 cosmetic surgeries were performed in the U.K. alone.
The global phototherapy lamps and units for aesthetic medicine market is estimated to expand rapidly in the coming years. Some of the factors driving the phototherapy lamps and units for aesthetic medicine market are increase in the number of persons suffering from skin diseases and infections. Skin disorders or infections have a significant impact on people’s daily lives. Phototherapy treatments are effective and are widely accepted. For example, in North America, during 2014-2015, 20 million aesthetic treatments were performed. Moreover, an increase in demand for aesthetic treatments in other developing countries is expected to drive the global phototherapy lamps and units for aesthetic medicines market. Additionally, technological advancements in the field of cosmetics and a rise in demand for phototherapy units for aesthetic medicines among the elderly and youth are propelling the global phototherapy lamps and units for aesthetic medicine market. Some other factors such as low awareness and lack of hygiene in developing countries such as Brazil, India, Singapore and increase in skin diseases in Australia & New Zealand due to geographical conditions are likely to drive the phototherapy lamps and units for aesthetic medicine market. However, side effects and risks associated with the therapy and lack of reimbursement policies in developing countries are expected to hinder the phototherapy lamps and units for aesthetic medicine market.
The global phototherapy lamps and units for aesthetic medicines market can be segmented based on configuration, light source, treatment of disease, end-user, and region. Based on treatment of disease, the phototherapy lamps and units for aesthetic medicine market can be divided into treatment of vitiligo, acne vulgaris, cancer, wound healing, psoriasis, and others. In terms of configuration, the phototherapy lamps and units for aesthetic medicine market can be divided into mobile units and fixed units. Based on source, the phototherapy lamps and units for aesthetic medicine market can be classified into UV lights, LED lights, infrared lights, fluorescent lights, halogen lights, and others. In terms of end-user, the market can be categorized in to ambulatory centers, skin care and cosmetic clinics, hospitals, academic & research institutes, and home care settings.
In terms of region, the market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The global phototherapy lamps and units for aesthetic medicine market is dominated by North America, followed by Europe. This is due to the adoption new techniques, better reimbursement policies, and an increase in the number of cosmetic & aesthetic procedures. However, the market in Asia Pacific is likely to expand at a rapid pace in the coming years, due to a rise in private and public initiatives to increase awareness about skin treatment and cosmetic procedures, rise in per capita income, and increase in health care investments.
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Some of the key players in the phototherapy lamps and units for aesthetic medicine market are Philips Healthcare, Medtronic Plc, Masimo Corporation, Hill Laboratories, Drägerwerk AG & Co. KGaA, and GE Healthcare.
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