Phototherapy Equipment Market 2016 Trends, Research, Analysis and Review Forecast 2024
Use of specific wavelengths of light which are very effective in the treatment of medical conditions such as neonatal jaundice and skin diseases is known as phototherapy. Phototherapy is performed by exposing surface of skin to specific range of wavelength lights using light emitted diode (LED) lamps or fluorescent lamps or incandescent lamp such as halogen.
Use of specific wavelengths of light which are very effective in the treatment of medical conditions such as neonatal jaundice and skin diseases is known as phototherapy. Phototherapy is performed by exposing surface of skin to specific range of wavelength lights using light emitted diode (LED) lamps or fluorescent lamps or incandescent lamp such as halogen.
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
<strong>Phototherapy</strong> <strong>Equipment</strong> <strong>Market</strong> - Global<br />
Industry <strong>Analysis</strong>, Size, Share, Growth, <strong>Trends</strong>,<br />
<strong>and</strong> <strong>Forecast</strong> <strong>2016</strong> - <strong>2024</strong><br />
Global <strong>Phototherapy</strong> <strong>Equipment</strong> <strong>Market</strong>: Snapshot<br />
Use of specific wavelengths of light which are very effective in the treatment of<br />
medical conditions such as neonatal jaundice <strong>and</strong> skin diseases is known as<br />
phototherapy. <strong>Phototherapy</strong> is performed by exposing surface of skin to specific<br />
range of wavelength lights using light emitted diode (LED) lamps or fluorescent<br />
lamps or inc<strong>and</strong>escent lamp such as halogen. The process is used in the treatment<br />
of neonatal jaundice <strong>and</strong> skin diseases. Psoriasis, eczema, vitiligo, <strong>and</strong> acne are the<br />
most common skin diseases treated using phototherapy treatment. The dem<strong>and</strong> for<br />
phototherapy equipment has significantly risen in the last few years in response to<br />
the increasing incidence of the aforementioned skin diseases. Besides this, the<br />
increasing incidence of neonatal jaundice, advent of new technology by key players<br />
are factors driving the growth of phototherapy equipment market. Use of alternative<br />
mode of treatment such as topical <strong>and</strong> systemic therapy for skin diseases <strong>and</strong><br />
exchange blood transfusion for neonatal jaundice are the restraining factor for<br />
growth of phototherapy equipment market.<br />
The global phototherapy equipment market is forecast to exhibit a CAGR of 4.4%<br />
between <strong>2016</strong> <strong>and</strong> <strong>2024</strong>. At this pace, the market’s valuation will reach US$603.2<br />
mn by the end of <strong>2024</strong>, from US$415.0 mn in 2015.<br />
View Report @<br />
http://www.transparencymarketresearch.com/phototherapy-equipmentmarket.html<br />
Hospitals Segment to Rake in High Profit as Leading End User<br />
The phototherapy equipment market is segmented based on product type,<br />
modality, diseases indication, end users, <strong>and</strong> regions. Based on product type, the<br />
phototherapy equipment market is segmented into CFL (Compact Fluorescent<br />
Lamps) phototherapy, light emitted diode (LED) phototherapy <strong>and</strong> others. The CFL<br />
phototherapy segment emerged dominant with a share of 49.6% in the market in<br />
2015. The effective use of CFL in the treatment of psoriasis, eczema, <strong>and</strong> in<br />
combined therapy for other diseases such as cancer has aided in the expansion of<br />
the segment.
Based on modality, the phototherapy equipment market is segmented into full body<br />
phototherapy <strong>and</strong> partial body phototherapy. Of these, the full body phototherapy<br />
segment accounted for the leading market share of 57.5% in 2015. The rising<br />
incidence of neonatal jaundice <strong>and</strong> advent of advanced technologies enabling the<br />
development of cost effective devices have enabled growth in the segment. In<br />
terms of disease indication, the neonatal jaundice segment emerged dominant in<br />
the market. The increasing incidence of preterm birth, augmenting the cases of<br />
glucose-6-phosphate deficiency has fuelled the dem<strong>and</strong> for phototherapy<br />
equipment.<br />
By end user, hospitals constituted the leading segment with a share of 47.4% in the<br />
market in 2015. Through the course of the forecast period, the segment’s<br />
dominance in the market is expected to remain intact as people prefer the<br />
organized hospital setting more for treatment <strong>and</strong> surgical purposes. Also favorable<br />
reimbursement policies for hospital treatments also encourage patients to choose<br />
hospitals over other end users.<br />
Get accurate market forecast <strong>and</strong> analysis on the <strong>Phototherapy</strong> <strong>Equipment</strong><br />
<strong>Market</strong> Request a sample to stay abreast on the key trends impacting this<br />
market.<br />
http://www.transparencymarketresearch.com/sample/sample.php?<br />
flag=S&rep_id=18065<br />
High Degree of Awareness to Seal North America’s Lead in Global <strong>Market</strong><br />
Regionally, the global phototherapy equipment market is segmented into North<br />
America, Europe, Asia Pacific, Latin America, <strong>and</strong> the Middle East <strong>and</strong> Africa. In<br />
2015, North America emerged as the leading regional segment holding nearly 40%<br />
of the global phototherapy equipment market. The dominance of the region is<br />
attributed by several factors such as the rising prevalence of neonatal jaundice <strong>and</strong><br />
skin diseases. Besides this, overall the region boasts high level of awareness <strong>and</strong><br />
sophisticated healthcare infrastructure. These, coupled with various initiatives by<br />
governments to ensure better health in new born, have tipped the scales in favor of<br />
the phototherapy equipment market in North America.<br />
Besides this, the market players are also expected to witness lucrative opportunities<br />
in Asia Pacific. The rising preterm birth in developing nations <strong>and</strong> investment in<br />
upgrading distribution channels provide attractive opportunities for the<br />
phototherapy equipment market in the region.<br />
On account of its diverse product portfolio <strong>and</strong> extensive global presence, GE<br />
Healthcare emerged dominant the global phototherapy equipment market in 2015.<br />
The other major players in the phototherapy equipment market are – Atom Medical<br />
Corporation, Herbert Waldmann GmbH & Co. KG, Drägerwerk AG & Co. KGaA,<br />
National Biological Corp., Solarc Systems Inc., The Daavlin Company, <strong>and</strong> Phoenix<br />
Medical Systems Pvt. Ltd, nice Neotech Medical Systems Pvt. Ltd., Natus Medical<br />
Incorporated <strong>and</strong> others.
About Us<br />
Transparency <strong>Market</strong> <strong>Research</strong> (TMR) is a market intelligence company, providing global<br />
business information reports <strong>and</strong> services. Our exclusive blend of quantitative forecasting <strong>and</strong><br />
trends analysis provides forward-looking insight for thous<strong>and</strong>s of decision makers. TMR’s<br />
experienced team of analysts, researchers, <strong>and</strong> consultants, use proprietary data sources <strong>and</strong><br />
various tools <strong>and</strong> techniques to gather, <strong>and</strong> analyze information. Our business offerings represent<br />
the latest <strong>and</strong> the most reliable information indispensable for businesses to sustain a competitive<br />
edge.<br />
Each TMR syndicated research report covers a different sector – such as pharmaceuticals,<br />
chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods <strong>and</strong><br />
technology. These reports provide in-depth analysis <strong>and</strong> deep segmentation to possible micro<br />
levels. With wider scope <strong>and</strong> stratified research methodology, TMR’s syndicated reports strive to<br />
provide clients to serve their overall research requirement.<br />
US Office Contact<br />
90 State Street, Suite 700<br />
Albany, NY 12207<br />
Tel: +1-518-618-1030<br />
USA – Canada Toll Free: 866-552-3453<br />
Email: sales@transparencymarketresearch.com<br />
Website: http://www.transparencymarketresearch.com
Change language