Global Phototherapy Equipment Market Trends, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz delivers in-depth insights on the global phototherapy equipment market in its upcoming report titled, “Global Phototherapy Equipment Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global phototherapy equipment market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global phototherapy equipment market report has been segmented on the basis of type, application, end user, and region.

Phototherapy is a process which uses light for treatment of various diseases such as jaundice, psoriasis and other skin diseases. In phototherapy treatment, skin is exposed to a special type of light through a phototherapy unit. Natural sunlight, i.e. ultraviolet B (UVB) phototherapy is considered effective for treatment of psoriasis. Phototherapy type is classified as conventional phototherapy, fibreoptic phototherapy, and led phototherapy equipment.

Increasing prevalence of various skin diseases such as psoriasis, eczema, etc. in newborns is a major factor expected to boost the growth of global phototherapy equipment market over the forecast period. In addition, increasing number of cases of neonatal jaundice is other factor expected to drive growth of the target market. Continuous focus by manufacturers operating in the market to develop new phototherapy system which gives effective treatment is thus expected to boost growth of the market over the forecast period. Increasing number of product launches by manufacturing companies is expected to propel growth of the global phototherapy equipment market.

However, presence of alternative treatment for treatment of jaundice and skin disease is major factor expected to hamper growth of the global phototherapy equipment market over the forecast period.

North America market dominates the global phototherapy equipment market in terms of revenue contribution as compared to that of markets in other regions. This is attributed to presence of well-developed healthcare infrastructure and adoption of advance technologies in the region. Europe accounts for second-largest revenue share contribution to the global phototherapy equipment market, followed by markets in the Asia Pacific, Latin America, and the Middle East & Africa respectively. The market in the Asia Pacific is projected to register comparatively faster growth in terms of revenue over the next 10 years, owing to the developing healthcare infrastructure, increasing awareness regarding the advance treatments, high prevalence of birth rate along with increasing number of cases of eczema, psoriasis, jaundice in newborns.

Global Phototherapy Equipment Market Segmentation:

Global phototherapy equipment market segmentation, by type:

• Conventional Phototherapy Equipment
• LED Phototherapy Equipment
• Fiberoptic Phototherapy Equipment

Global phototherapy equipment market segmentation, by application:

• Neonatal Jaundice
• Skin Diseases

Global phototherapy equipment market segmentation, by end user:

• Hospitals & Clinics
• Homecare

Global phototherapy equipment market segmentation, by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa