Phototherapy Equipment Market By Device Type (Led-Based Phototherapy Equipment, Conventional Phototherapy Equipment, Fiberoptic Phototherapy Equipment), By Application Type (Skin Disease Treatment, Neonatal Jaundice) - Growth, Future Prospects, And Competitive Analysis, 2017 -2025

Phototherapy refers to the use of light to treat medical conditions. Phototherapy incorporates the use of ultraviolet rays, particularly UVA and UVB wavelength. Broadband UVB, narrowband UVB and PUVA (Psoralen + UVA) are the major UV forms used in phototherapy. UVB is used to treat skin diseases such as atopic eczema, psoriasis, vitiligo, generalised itching and other skin conditions. In cases where UVB is not effective, PUVA is used for treating atopic eczema and chronic plaque psoriasis. Phototherapy is commonly used for treatment of neonatal jaundice to reduce the elevated bilirubin level. Rising prevalence of skin disorders such as psoriasis, atopic eczema, vitiligo, increase in cases of newborns suffering from jaundice in both developed and developing countries, awareness about novel treatment technologies and their adoption play pivotal role in driving the growth of global phototherapy market.

The report titled “Phototherapy Equipment Market - Growth, Future Prospects and Competitive Analysis, 2017–2025” offers strategic insights into the overall phototherapy equipment market along with the market size and estimates for the duration 2015 to 2025. The said research study covers in-depth analysis of multiple market segments based on type of device, application and different geographies. The device types studied for analyzing the overall global phototherapy equipment market are majorly segmented into led-based phototherapy equipment, conventional phototherapy equipment (phototherapy equipment with compact fluorescent lamps and phototherapy equipment with fluorescent lamps) and fiberoptic phototherapy equipment. The global phototherapy equipment market is segmented by application type into skin disease treatment (psoriasis, eczema/atopic dermatitis and vitiligo and other skin diseases), neonatal jaundice and others.

Geographically, the global phototherapy equipment market is studied for the following regional markets:

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • Rest of Asia Pacific
  • Latin America
    • Mexico
    • Brazil
    • Rest of Latin America
  • Middle East and Africa
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of Middle East and Africa

Market size and forecast for these regional and country level markets are presented in this study for the period 2015-2025. Market growth rates for the forecast period 2017-2025 are also included in this report, considering 2016 as the base year. Further cross-sectional presented in terms of device type, applications and constituent region/country level markets is also included in this section.

Along with quantitative information, qualitative information sets and assessment tools are provided in this study for better analysis of the overall market scenario and future prospects. Information such as market drivers, challenges and opportunities assists the readers for understanding the ongoing trends in the global phototherapy equipment market. Tools such as market positioning of key players, Porter’s five forces analysis and attractive investment proposition provide the readers with insights on the competitive scenario of the global phototherapy equipment market. This report concludes with company profiles section that highlights major information about the key players engaged in global phototherapy equipment market. In-depth competitive environment analysis and historical (2015) market size data are also provided in the report. Furthermore, this report concludes with profiling of key market players currently enjoying prominent position in the vascular grafts market. The key players profiled in this report are Atom Medical Corporation, Arjo huntlleigh, Inc., Herbert Waldmann GmbH & Co. Kg, Honle UV America, GE Healthcare, National Biological Corporation, Natus Medical Incorporated, Nice Neotech Medical Systems Pvt. Ltd., Philips Lighting Holding B.V.,Phoenix Medical Systems Pvt. Ltd., Solarc Systems, Inc., The Daavlin Company and others.

Phototherapy Equipment Market

For the purpose of this study, the global phototherapy equipment market is geographically categorized into:

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • Rest of Asia
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of Middle East and Africa

Phototherapy Equipment Market

 

In 2016, North America dominates the phototherapy market followed by Europe. Rising prevalence of skin diseases and neonatal jaundice, well established healthcare infrastructure, favorable reimbursement scenario and availability of novel technologies play significant role in growth of phototherapy market. US occupies the largest market share of phototherapy North American market. Due to National Psoriasis Foundation (NPF) persuasive effort, Centers for Medicare and Medicaid Services (CMS) has uphold reimbursement rates cut for phototherapy, thus ensuring accessibility to affordable treatment to the psoriasis and other skin conditions patient. Most common skin problems observed in US teen is acne, which is one of the key factor driving the phototherapy market. Rising problem of acne, psoriasis has led to high adoption rate of phototherapy in Europe. Asia Pacific is anticipated to be the fastest growing market in the forecast period 2017-2025. The key factors driving the growth of Asia Pacific market are rising incidence of psoriasis, skin problems, neonatal jaundice, and availability of low cost phototherapy in emerging countries. Around 13 million newborns suffer from jaundice, out of which 9 million are from developing countries. Further with improving healthcare facility and awareness about advanced skin care treatment in emerging economies would further fuel the demand of phototherapy treatment.

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Published Date:  Jul 2017
Category:  Medical Devices
Report ID:   58573
Report Format:   PDF
Pages:   120
Rating:    4.2 (55)
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