San Francisco, 27
November 2018: The global phototherapy equipment market is
expected to reach a value of USD 788.7 million by 2025, according to a new
report by Grand View Research, Inc. Rising prevalence of skin diseases has led
to huge growth of phototherapy equipment market. According to healthline data,
nearly 150,000 new psoriasis cases develop each year among the U.S.
population. With such huge population developing psoriasis, there is a growing
need for phototherapy devices in the near future. Eczema, one of the severe
skin diseases also has contributed towards the growth of the market.
Neonatal jaundice is another disease that
require phototherapy treatment. This kind of treatment is very common among
newborns suffering from jaundice in order to reduce high bilirubin levels.
According to National Center for Biotechnology Information (NCBI), around
60% to 80% of healthy newborns are likely to develop neonatal jaundice. Hence,
demand for phototherapy equipment is expected to rise with growing prevalence
of neonatal jaundice.
Furthermore, technological advancements are
continuously rising pertaining to this market. LED-based devices are being
highly adopted, which has further accelerated the growth of the market. The LED
lights are cheaper as compared to conventional phototherapy equipment and has a
long-lasting effect. These lights also have been proved to be very effective
for treating neonatal jaundice. Hence, improvement in technology has impacted
the growth of the market.
Access
Research Report of Phototherapy Equipment Market@ www.grandviewresearch.com/industry-analysis/phototherapy-equipment-market
Further key findings from the study suggest:
· In 2016, amongst the product segment,
conventional phototherapy equipment held the largest market share due to its
wide usage for skin disease treatment
· LED equipment are expected to show
attractive growth over the forecast period due to its cost-effectiveness and
long-lasting effect
· Amongst the application segment, skin
disease treatment accounted for the largest revenue share in 2016 owing to
rising prevalence of psoriasis and eczema
· Neonatal jaundice management is anticipated
to witness significant growth over the forecast period due to increasing
incidence of newborn jaundice
· North America dominated the market in 2016
owing to penetration of advanced technology in the field of phototherapy
treatment in this region
· Some of the key players are GE Healthcare;
Philips Lighting Holding B.V.; Nice Neotech Medical Systems Pvt. Ltd.; Natus
Medical Incorporated; Phoenix Medical Systems Pvt. Ltd.; and Herbert Waldmann
GmbH & Co. KG.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the
phototherapy equipment/Instrument market on the basis of product, application,
end-use and region:
Phototherapy Equipment Product Outlook
(Revenue, USD Million; 2014 - 2025)
·
Conventional Phototherapy
Equipment
·
LED Phototherapy
Equipment
·
Fiberoptic Phototherapy Equipment
Phototherapy Equipment Application Outlook
(Revenue, USD Million; 2014-2025)
·
Skin Disease Treatment
·
Neonatal Jaundice Management
Phototherapy Equipment End-Use Outlook
(Revenue, USD Million; 2014 - 2025)
·
Hospitals &
Clinics
·
Homecare
Phototherapy Equipment Regional Outlook
(Revenue, USD Million; 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
MEA
Access Press Release of
Phototherapy Equipment Market@ www.grandviewresearch.com/press-release/global-phototherapy-equipment-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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