Global Phototherapy Devices Market Size, Growth, Industry Trends | Emergen Research
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 pandemic has caused
a shortage of essential life-saving devices and medical supplies. It has
severely disrupted the supply chain and raw material supplies. To meet the growing
demand of the medical supplies in between the pandemic, manufacturers have
increased their production capacity. The manufacturers are adopting safety
regulations and preventive measures without hampering the manufacturing
process.
Some 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.
Regional Analysis Covers:
·
North America (U.S., Canada)
·
Europe (U.K., Italy, Germany, France, Rest of EU)
·
Asia Pacific (India, Japan, China, South Korea,
Australia, Rest of APAC)
·
Latin America (Chile, Brazil, Argentina, Rest of
Latin America)
·
Middle East & Africa (Saudi Arabia, U.A.E.,
South Africa, Rest of MEA)
Competitive
Landscape:
The latest study provides an insightful analysis of the broad
competitive landscape of the global Women’s Health market, emphasizing the key
market rivals and their company profiles. A wide array of strategic
initiatives, such as new business deals, mergers & acquisitions,
collaborations, joint ventures, technological upgradation, and recent product
launches, undertaken by these companies has been discussed in the report. The report analyzes
various elements of the market’s competitive scenario, such as the regulatory
standards and policies implemented across the industry over recent years. Our
team of experts has leveraged several powerful analytical tools, such as
Porter’s Five Forces analysis and SWOT analysis, to deliver a comprehensive
overview of the global Women’s Healthmarket and pinpoint the fundamental growth
trends.
Key participants include Natus Medical Incorporated, Philips Lighting
Holding B.V., GE Healthcare, Atom Medical Corporation, Herbert Waldmann GmbH
& Co. KG, Phoenix Medical Systems Pvt. Ltd., Nice Neotech Medical Systems
Pvt. Ltd., Solarc Systems Inc., National Biological Corporation, and The
Daavlin Company, among others.
Market
Overview:
The report bifurcates
the Phototherapy Devices market on the basis of different product types,
applications, end-user industries, and key regions of the world where the
market has already established its presence. The report accurately offers
insights into the supply-demand ratio and production and consumption volume of
each segment.
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Emergen Research has segmented the global Phototherapy Devices
Market on the basis of Product, Application, End User, and region:
Product
Outlook (Revenue, USD Billion; 2017-2027)
·
LED-Based Phototherapy Devices
·
Fibreoptic Phototherapy Devices
· Conventional Phototherapy Devices (Fluorescent Lamps, Compact
Fluorescent Lamps)
Application
Outlook (Revenue, USD Billion; 2017-2027)
·
Neonatal Jaundice Management
·
Skin Disease Treatment (Vitiligo, Eczema, Psoriasis)
End
User Outlook (Revenue, USD Billion; 2017-2027)
·
Homecare
·
Hospitals & Clinics
Research
Report on the Phototherapy Devices Market Addresses the Following Key
Questions:
·
Who are the dominant players of the Phototherapy
Devices market?
·
Which regional market is anticipated to have a
high growth rate over the projected period?
· What consumer trends and demands are expected
to influence the operations of the market players in the Phototherapy Devices
market?
· What are the key growth drivers and
restraining factors of the Phototherapy Devices market?
· What are the expansion plans and strategic
investment plans undertaken by the players to gain a robust footing in the
market?
· What is the overall impact of the COVID-19
pandemic on the Phototherapy Devices market and its key segments?
To
know more about the report, visit @ https://www.emergenresearch.com/industry-report/phototherapy-devices-market
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Us:
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knowledge base of cutting-edge and potentially market-disrupting technologies
that are predicted to become more prevalent in the coming decade.
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