Description:
Axiom Market Research Consulting™ added a report on the global Phototherapy Equipment Market which includes studies on type, and application across various Countries and key regions across the globe. Axiom MRC provides a variety of market research consulting services using its scientific, objective, and all-encompassing research methodologies.
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Phototherapy is a well-established treatment method that has been used for decades to treat jaundice in newborns and various skin conditions. The market for phototherapy equipment is expected to grow in the coming years due to various factors, including the increasing number of births and cases of neonatal jaundice.
In addition, the market is also being driven by the increasing demand for technologically advanced equipment that is not only efficient but also affordable and safe to use. As a result, manufacturers are investing in the development of new products that offer improved features and capabilities, such as user-friendly interfaces, wireless connectivity, and advanced monitoring systems.
Furthermore, the growing demand for phototherapy equipment in emerging economies is expected to provide significant growth opportunities for the market in the coming years. These countries are experiencing rapid economic growth, an increase in healthcare expenditure, and a growing awareness of the benefits of phototherapy treatment, which is driving demand for new equipment.
Overall, the phototherapy equipment market is poised for significant growth in the coming years, driven by a combination of factors, including increasing demand for advanced technology, rising healthcare expenditure, and a growing awareness of the benefits of phototherapy treatment.
Key Players:
- GE Healthcare
- Natus Medical Incorporated.
- Herbert WaldmannGmBH Co. KG
- Phoenix Medical Corporation
- Signify Holding
- Philips Lighting Holding B.V.
- The Daavlin Company
- Strata Skin Sciences
- UVBioTek, LLC
- Solarc Systems Inc.
- Atom Medical Corporation
- National Biological Corporation
- Phoenix Medical Systems Pvt. Ltd.
- Kernel Medical Equipment Co., LTD.
- Olives India
- Healicom Medical Equipment Co Ltd
- Narang Medical Limited
- Hemodiaz Life Sciences Private Limited
- Korrida Medical Systems
Phototherapy Equipment Market By Product:
- Conventional Phototherapy Equipment
- LED Phototherapy Equipment
- Fiber Optic Phototherapy Equipment
Phototherapy Equipment Market By Application:
- Skin Disease Treatment
- Neonatal Jaundice Management
Phototherapy Equipment Market By Geography:
North America is expected to lead the phototherapy equipment market due to the growing prevalence of various skin conditions such as acne, eczema, psoriasis, and vitiligo. The high prevalence of these skin conditions has resulted in a significant demand for phototherapy equipment in the region. For instance, the Canadian Dermatology Association estimates that acne affects approximately 5.6 million people in Canada, while 20% of the general population suffers from acne. Similarly, Atopic Dermatitis in America has estimated that about 7.3% of American adults have eczema, while about 40% of people have moderate to severe symptoms.
On the other hand, Asia-Pacific is expected to have the fastest growth rate during the forecast period. This growth can be attributed to the increasing number of premature births and the high prevalence of skin diseases in the region. According to The Lancet, approximately 85% of preterm births occur in late preterm birth, 80% of which in the regions of Asia and South Asia. Additionally, the Narayan Health Organization estimates that 1/5 of the 15 million premature births worldwide occur in India alone. Moreover, people in Asia Pacific are prone to acne, which is expected to encourage the use of phototherapy equipment.
Overall, these factors are expected to drive the demand for phototherapy equipment in both regions, with North America leading the market and Asia-Pacific expected to have the fastest growth rate.
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