Phototherapy Equipment Market | Key Players are Atom Medical Corporation, Arjo huntlleigh, Inc., GE Healthcare, Inc. Natus Medical Incorporated, and others

According to the latest market report published by Acute Market Reports, Inc., the global market for phototherapy equipment was valued at US$ 453.59 million in 2016 and is expected to reach US$ 748.89 million by 2025, increasing to CAGR by 5.5 per cent from 2017 to 2025.

Market Insights

Phototherapy is commonly used for the treatment of skin conditions such as psoriasis, atopic eczema, vitiligo, and neonatal jaundice. Phototherapy uses ultraviolet rays such as mid-wave light energy, i.e. UVB or long wave light, that is. UVA, man. UVB is available on the market as a narrow-brand or broadband connection. Ultraviolet phototherapy is used to slow abnormal skin growth, primarily associated with psoriasis. Narrow UVB and PUVA bands are used in the vitiligo repigmentation process. Jaundice incidence is commonly seen in neonatals, according to Scholars Journal of Applied Medical Sciences (SJAMS), around 25-50 percent of neonates suffer from jaundice. Thus the rising incidence of jaundice in newborns, increase in prevalence of skin disorders are the major factors contributing to the growth of phototherapy market.

Browse Full Report Originally Published by Acute Market Reports at https://www.acutemarketreports.com/report/phototherapy-equipment-market

The global market for phototherapy equipment is segmented by type of device into led-based phototherapy equipment, conventional phototherapy equipment and fiber optic phototherapy equipment. Conventional phototherapy equipment is further divided into phototherapy equipment with compact fluorescent lamps and phototherapy equipment with fluorescent lamps.

Conventional phototherapy currently dominates the global market for phototherapy equipment, as it is commonly used for the treatment of skin diseases. The global market for phototherapy equipment is segmented by type of application in the treatment of skin diseases, neonatal jaundice and others. Skin disease is a major part of the application market for phototherapy. This segment is further segmented into psoriasis, eczema / atopic dermatitis, vitiligo and skin disorders.

As of the current market scenario, North America dominated the global phototherapy equipment market followed by Europe. U.S. forms the largest part of North American phototherapy market. Increasing acne skin problem among US teens, neonatal jaundice are some of the factors for growth of phototherapy market. High adoption rate of novel technology and awareness about advanced skin care treatment further fuels the growth of phototherapy market in Europe. Asia Pacific is the fastest growing phototherapy equipment market in forecast period. It would be the most lucrative market for low cost of phototherapy and rising prevalence of skin diseases.

Market Competition Assessment:

Key players in the global phototherapy equipment market are Atom Medical Corporation, Arjo huntlleigh, Inc., Herbert Waldmann GmbH & Co. Kg, Honle UV America, Inc., GE Healthcare, Inc., 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, Inc. and others.

Key Market Movements:

– National Center for Biotechnology Information (NCBI) report study states that approximately 60%-80% healthy newborns suffer from neonatal jaundice. Every year around 13 million babies are afflicted by jaundice, out of which 9 million belong to developing countries. Therefore, developing countries are expected to be lucrative markets for phototherapy treatment

– Surge in prevalence of skin diseases such as psoriasis, eczema is the main driver for growth of phototherapy treatment market. According to WHO reports, psoriasis prevalence ranges from 0.09%-11.43%, thus making it serious global problem affecting at least 100 million individual across the world.

– With advent of novel technologies and its high adoption rate further accelerate the growth of phototherapy market. LED based phototherapy is well adopted and expected to propel the demand for phototherapy treatment.

By Device Type

• LED-based Phototherapy Equipment
• Conventional Phototherapy Equipment
  • Phototherapy Equipment With Compact Fluorescent Lamps
  • Phototherapy Equipment With Fluorescent Lamps
• Fiberoptic Phototherapy Equipment

By Application Type

• Skin Disease Treatment
  • Psoriasis
  • Eczema/Atopic Dermatitis
  • Vitiligo
  • Others
• Neonatal Jaundice
• Others

By Geography Segment

• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa, Latin America)