The global Phototherapy Market achieved a valuation of USD 389.5 million in 2021 and is anticipated to sustain a robust revenue compound annual growth rate (CAGR) of 4.8% throughout the projected period. This ascent is being propelled by the increasing adoption of phototherapy based on Light-emitting Diode (LED) technology, heightened awareness regarding skin disorders, and the introduction of advanced Phototherapy Equipment.

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