Global Phototherapy Devices Market Estimated to Grow By its Immense Outsourcing Capability, Analyzed till 2022

Dublin 2, Ireland, 2018-Feb-14 — /EPR Network/ — 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.

The scope of Fact.MR’s report is to analyze the global phototherapy devices market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Phototherapy device manufacturers, and stakeholders in the global market can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading magazines and journals pertaining to healthcare.

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Following notes form Fact.MR’s report on global market for phototherapy devices will be instrumental for market’s future prospects

1.  Among regions, the market in North America is expected to stay highly lucrative over the next five years. The region’s market is expected to increase at a steady CAGR over 2022. During the same time, the markets in Europe and Asia-Pacific excluding Japan (APEJ) are also expected to witness a considerable growth.

2.  Based on product type, conventional phototherapy will continue to witness robust adoption in 2017 and beyond. In terms of revenue, the conventional phototherapy devices segments currently holds around 55% share of the market and is expected to remain dominant during the forecast period.

3.  On the basis of end-use, adoption of phototherapy devices is projected to remain relatively high in hospitals. Currently, this segment command for over 60% revenue share of the market. By the 2022-end, over US$ 395 Mn worth phototherapy devices are likely to be sold globally only for hospital use.

4.  By light type, the white light segment is expected to reach valuation of around US$ 281 Mn by 2022-end. This segments is projected to represent a CAGR of 4.7% during the assessment period. Currently, this segment accounts for around largest revenue share of the market.

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North America to Lead the Global Phototherapy Devices Market

In terms of revenue, the phototherapy devices market in North America is expected to remain highly attractive throughout the forecast period. In addition, the region’s market is projected to expand at little under 4% CAGR over 2022. Meanwhile, the markets in Asia-Pacific excluding Japan (APEJ) and Europe are also projected to register a steady growth over the next five years.

On the basis of product type, adoption of the conventional phototherapy devices is significantly high. Global sales of conventional phototherapy devices currently accounts for close to 55% revenue share of the market and this trend is likely to continue in 2017 and beyond.

By end use, the hospitals segment currently accounts for more than 60% market share in terms of revenue. Towards the end of the forecast period, more than US$ 395 Mn worth phototherapy devices are estimated to be installed in hospitals across the globe.

Competition Tracking

Key players mentioned in Fact.MR’s report include Drägerwerk AG & Co. KGaA, Medela AG, General Electric Company, Natus Medical Incorporated, Hill-Rom, Solarc Systems Inc., The Daavlin Company, Schulze & Böhm GmbH, Medisana AG, Guangzhou Beautylife Electronic Technology co.,Ltd, Herbert Waldmann GmbH & Co. KG, Philips Lighting Holding B.V., National Biological Corp., Nice Neotech Medical Systems Pvt. Ltd., Phoenix Medical Systems Pvt. Ltd., ALFAMEDIC S.R.O., NINGBO DAVID MEDICAL DEVICE CO., LTD., Heal Force Bio-Meditech Holdings Limited, Natus Medical Incorporated and DIXION.

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About Fact.MR

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