San
Francisco, 29 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.
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Report On Phototherapy Equipment Market Analysis:
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.
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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
o
Conventional Phototherapy
Equipment with Fluorescent Lamp
o
Conventional Phototherapy
Equipment with Compact Fluorescent
Lamp
·
LED Phototherapy
Equipment
·
Fiberoptic Phototherapy
Equipment
Phototherapy Equipment
Application Outlook (Revenue, USD Million; 2014-2025)
·
Skin Disease
Treatment
o
Psoriasis
o
Vitiligo
o
Eczema
o
Others
·
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
o
U.S.
o
Canada
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
Japan
o
China
o
India
·
Latin America
o
Brazil
o
Mexico
·
MEA
o
South Africa
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www.grandviewresearch.com/press-release/global-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.
For more information: www.grandviewresearch.com/
