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Phototherapy equipment market insights shared in detailed report

Medical Market Research

This research provides an overview of the phototherapy equipment market, which is dominated by GE Healthcare (U.S.), Philips Lighting Holding B.V. (Netherlands), Natus Medical Incorporated (U.S.), Phoenix Medical Systems Pvt. Ltd. (India), Herbert Waldmann GmbH & Co. KG (Germany), Atom Medical Corporation (Japan), nice Neotech Medical Systems Pvt. Ltd. (India), National Biological Corp. (U.S.), and Solarc Systems Inc. (Canada).

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The phototherapy equipment market has been segmented into skin disease treatment and neonatal jaundice management. The neonatal jaundice management segment expected to grow at the highest CAGR from 2016 to 2021.

Rising incidence of neonatal jaundice & growing number of preterm and low-weight births are major factors responsible for high growth of this market, along with the rising adoption of low-cost phototherapy equipment.

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Target Audience

  • Phototherapy equipment manufacturing companies
  • Phototherapy equipment accessories manufacturing companies
  • Phototherapy equipment suppliers and distributors
  • Neonatologists
  • Dermatologists
  • Distributors, suppliers, and commercial service providers
  • Hospitals and clinics
  • Research laboratories and academic institutes

The report "Phototherapy Equipment Market”- Global Forecast to 2021", analyzes and studies the major market drivers, restraints, opportunities, and challenges in North America, Europe, Asia-Pacific, and the Rest of the World (RoW). On the other hand, poor accessibility of proper neonatal care in developing regions and decreasing birth rate in certain developed countries are limiting the growth of this market.

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Phototherapy equipment market report aims to define, describe, and forecast global market on basis of type, application, end user, and region. Main objectives of report are to provide detailed information regarding major factors influencing growth of market (drivers, restraints, opportunities, and industry-specific challenges), to analyze opportunities in market for key stakeholders and provide details of competitive landscape for market leaders.

The report provides insights on the following pointers:

  • Market Penetration
  • Product Development/Innovation
  • Market Development
  • Market Diversification
  • Competitive Assessment

As of 2016, North America held largest share of the global phototherapy equipment market, followed by Europe. Asia-Pacific market is expected to register highest CAGR of 6.1% from 2016 to 2021.

Factors such as strategic expansions by key market players in emerging Asian countries; growing adoption of low cost phototherapy equipment in India and China; and rising number of people suffering from skin diseases are responsible for growth of phototherapy equipment market in Asia-Pacific region.

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Geographically, North America commands the largest share of the global phototherapy equipment market in 2016, followed by Europe. The phototherapy equipment market in North America is primarily driven by the stringent drug development regulations and public and private funding for life science research activities.

Research Coverage:  

In this report, the phototherapy equipment market has been segmented by type, end user, application, and region. From an insight perspective, this research report has focused on various levels of analysis-industry trends, market share analysis of top ten players, and company profiles, which together comprise and discuss basic views on the competitive landscape, emerging and high-growth segments of the phototherapy equipment market, high-growth regions and countries and their respective drivers, restraints, challenges, and opportunities.

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