Global Phototherapy Equipment Market, By Type (Conventional Phototherapy Equipment, Fiber-optic Phototherapy Equipment, LED-Based Phototherapy Equipment), Application (Skin Disease Treatment, Neonatal Jaundice Management), End User (Hospitals and Clinics, Home Users), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Phototherapy Equipment Market
Phototherapy equipment market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to USD 813.81 million by 2028 and will grow at a CAGR of 4.87% in the above mentioned forecast period.
Phototherapy is the procedure of use of light for the treatment of various skin disorders such as psoriasis, vitiligo among others. During the treatment, the skin is uncovered to a very special type of light which is emitted from a medical device. This device is usually known as a phototherapy unit. These phototherapy units range from handheld to tabletop devices used to spot treatment of tiny areas to cabinets to walk-in units in which a patient needs treatment of the full body.
The rise in the incidence of neonatal jaundice is amongst the important factor expected to intensify the growth and demand of phototherapy equipment market. In addition, the rise in the number of preterm and low-weight births and increase in the prevalence of skin diseases are also expected contributes to the growth in the global market over the forecast period of 2021 to 2028. Also the launch of technologically advanced phototherapy equipment and the high adoption of LED-based phototherapy equipment are also likely to enhance the growth of the market. Furthermore, the rise in the awareness regarding advanced phototherapy and developing healthcare infrastructure are also amongst the significant factors expected to fuel the growth of the phototherapy equipment market.
The improvement in healthcare infrastructure, rapid development of low-cost phototherapy equipment and high adoption of home phototherapy for the treatment of skin diseases are anticipated to offer significant growth opportunities for the phototherapy equipment market in the forecast period of 2021 to 2028.
However, the rise in the use of alternative modes of treatment and the strict FDA regulatory policies for the approval of new devices are expected to curb the growth of the phototherapy equipment market, whereas the limited adoption of phototherapy equipment in developing nations can challenge the growth of the phototherapy equipment market.
This phototherapy equipment market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on phototherapy equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Phototherapy Equipment Market Scope and Market Size
Phototherapy equipment market is segmented on the basis of type, application and end user. The growth amongst these segments will help you analyze meager growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- The type segment of the phototherapy equipment market is segmented into conventional phototherapy equipment, fiber-optic phototherapy equipment and LED-based phototherapy equipment. Conventional phototherapy equipment has further been segmented into conventional phototherapy equipment with fluorescent lamps and conventional phototherapy equipment with compact fluorescent lamps. Conventional phototherapy equipment with fluorescent lamps have further been sub-segmented into full-body phototherapy equipment and partial-body phototherapy equipment.
- Based on application, the phototherapy equipment market is segmented into skin disease treatment and neonatal jaundice management. Skin disease treatment has further been segmented into psoriasis, vitiligo, eczema/atopic dermatitis and others.
- On the basis of end user, the phototherapy equipment market is segmented into hospitals and clinics and home users.
Phototherapy Equipment Market Country Level Analysis
Phototherapy equipment market is analyzed and market size insights and trends are provided by country, type, application and end user as referenced above.
The countries covered in the phototherapy equipment market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa(MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region leads the phototherapy equipment market owing to the high adoption rate for technologically advanced skincare treatment devices. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the rise in the awareness regarding advanced phototherapy and developing healthcare infrastructure.
The country section of the phototherapy equipment market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
Phototherapy equipment market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for phototherapy equipment market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the phototherapy equipment market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Phototherapy Equipment Market Share Analysis
Phototherapy equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to phototherapy equipment market.
The major players covered in the phototherapy equipment market report are General Electric, Signify Holding, Natus Medical Incorporated, Phoenix Medical Systems (P) Ltd, Atom Medical Corp, Herbert Waldmann GmbH & Co. KG, nice Neotech Medical Systems Pvt. Ltd., The Daavlin Company, National Biological Corporation, Solarc Systems Inc., Hospital Supply Company Pvt. Ltd., Kernel Medical Equipment Co., LTD., Olives India, Healicom Medical Equipment Co Ltd., avihealthcare, Krupa Medi Scan, Narang Medical Limited, Hemodiaz Life Sciences Private Limited, Ibis Medical and Korrida Medical Systems among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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