The global Phototherapy Devices Market is expected to reach USD 758.6 Million by 2027, according to a new report by Emergen Research. The growth of this market can be attributed to the growing awareness among patients about the advanced diagnostic solutions provided by the improved healthcare structure. Increasing research and development by the key manufacturers for the technological advancement of the devices is augmenting the demand for the industry.
The Global Phototherapy Devices Market research study published by Emergen Research is an extensive collection of insightful information about the Phototherapy Devices industry. The report covers the Phototherapy Devices Market segmentation along with a detailed outline of the Phototherapy Devices market size with regards to volume and valuation. The report provides comprehensive coverage of the Phototherapy Devices market scenario for the current period and forecast timeline of 2020-2027. The Phototherapy Devices market report contains an in-depth analysis of the historical, current, and projected revenues for every industry vertical, segment, end-use industries, applications, and regions.
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Market Dynamics:
The report offers insightful information about the market dynamics of the Phototherapy Devices market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Phototherapy Devices market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Phototherapy Devices market.
Key Highlights From The Report
- LED-Based Phototherapy Devices dominate the market with a share of 55.8% in 2019 due to its cost-effectiveness and higher efficiency.
- The Hospitals & clinics segment dominated the phototherapy devices market due to the increasing number of neonatal jaundice cases. Besides, the favorable reimbursement policies generated by the U.S. government for curing skin conditions will indeed shift the patient's preference towards hospital treatments.
- Asia-Pacific is expected to be the fastest-growing segment over the forecast period due to the enhancement of the healthcare infrastructure with advanced diagnostic solutions.
Key Questions Answered by the Report:
- Which region is expected to dominate the market in the coming years?
- What are the recent technological and product advancements occurring in the market?
- What are the key strategies adopted by the prominent players in the Phototherapy Devices market?
- What are the key product types and applications of the Phototherapy Devices industry?
- What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
- How is the competitive landscape of the Phototherapy Devices market?
- Who are the key players in the industry?
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Increasing occurrence of skin disorders such as eczema and psoriasis across the globe coupled with technological advancement in phototherapy is projected to impact the overall sales of phototherapy devices in the near future.
With the rise in number of patients having severe skin conditions, there has been a greater urgency of more advanced treatment modules.
The arrival of cost-efficient and superior phototherapy equipment that run on LED technology is encouraging patients to opt for phototherapy treatment.
In recent years, phototherapy treatment has undergone immense transformation owing to the development of new technological peripherals.Each segment of the phototherapy devices market has been individually analyzed on the basis of pricing, distribution, and demand prospect for the following regions:North America (Canada, US)Latin America (Argentina, Mexico)Europe (NORDIC, UK)Japan and MEAAPEJ (China, India)The aforementioned factors are anticipated to further propel the adoption of phototherapy devices.
Moreover, phototherapy devices are quite efficient when it comes to treating neonatal jaundice, a condition common among new born babies who have high bilirubin levels.
On the flip side, high risk of adverse side-effects and increasing availability of alternative mode of treatments along with strict regulatory norms on new product approvals are some of the major growth deterrent of the global phototherapy devices market, which is set to expand at over 4.7% CAGR over the forecast period (2017-2022) Phototherapy devices are used for treating neonatal jaundice and various skin conditions.
Phototherapy devices are used for treating neonatal jaundice and various skin conditions.
Phototherapy devices are also used in treating hyperbilirubinemia in both haemolytic and non-hemolytic conditions.
Phototherapy devices are facilitating greater patient convenience and hence witnessing widespread adoption in hospitals and clinics.Majority of phototherapy device manufacturers are actively focusing on raising the standards of medical technology in skin disease treatment.
Rising concerns over severe skin ailments and introduction of advanced phototherapy treatments is facilitating the growth of the global phototherapy device market.
A recent report by Fact.MR provides in-depth analysis of the global phototherapy devices market for the forecast period 2017-2022, and offers pragmatic insights to lead market players towards devising & implementing informed strategies.
In this phototherapy devices market study, the following years are considered to predict the market footprint:History Year: 2012-2016Base Year: 2012Estimated Year: 2022Forecast Year: 2017 – 2022The business intelligence study of the phototherapy devices market covers the estimation size of the market both in terms of value (Mn/Bn USD) and volume (x units).
September 28, 2018: The global Infant Phototherapy Devices market is valued at million US$ in 2017 and will reach million US$ by the end of 2025, growing at a CAGR of during 2018-2025.
The objectives of this study are to define, segment, and project the size of the Infant Phototherapy Devices market based on company, product type, end user and key regions.
This report studies the global market size of Infant Phototherapy Devices in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Infant Phototherapy Devices in these regions.
This report also studies the global Infant Phototherapy Devices market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.The following manufacturers are covered in this report, with sales, revenue, and market share for each company:Atom Medical Corporation • AVI Healthcare Pvt.
• Natus Medical Incorporated • Ningbo David Medical Device Co • Fanem • Weyer GmbH • Zhengzhou Dison Instrument and Meter CoRequest a Free Sample Copy of this Report @ https://www.radiantinsights.com/research/global-infant-phototherapy-devices-market-insights-forecast-to-2025/request-sampleMarket size by ProductFluorescent Lamps (FL) • Light-emitting Diodes (LEDs) • Quartz Halogen Lamps • Gas Discharge TubesMarket size by End UserHospital • Neonatal ClinicsThe study objectives of this report are:To study and analyze the global Infant Phototherapy Devices market size (value & volume) by company, key regions, products and end user, breakdown data from 2013 to 2017, and forecast to 2025.
• To understand the structure of Infant Phototherapy Devices market by identifying its various subsegments.
According to KD Market Insights study the report delivers an in-depth review of the major industry trends of global Phototherapy Devices Market size, Share, Forecast, Future and Forecast 2025.
It offers additional information such as interesting insights, key developments, comprehensive market segmentation, list of leading market players, and other market trends for Phototherapy Devices.
Moreover, PESTEL analysis, Porter's five forces analysis and comprehensive analysis of Phototherapy Devices market segments using market attractiveness and BPS analysis representation is provided in the report.
The study covers the effect of Covid-19 on the global Phototherapy Devices Market and provides industry dynamics and future development in the context of Covid-19.
To provide a realistic view of the market, many potential growth factors, threats, and opportunities are also analyzed.Get Sample report of “Phototherapy Devices Market” - https://www.kdmarketinsights.com/sample/6392Phototherapy Devices Market Segmentation Analysis:The report covers segmentation analysis of Phototherapy Devices Market for better understanding and provides in-depth information on market outlook.
Important segments have been developed and analyzed to facilitate sound business decisions.
