Phototherapy Devices Market Will Expand At 4.7% CAGR over the Forecast Period (2017-2022)

The scope of FactMR’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.

Considering the wide scope of the global phototherapy devices market and to offer in-depth insights, FactMR’s report provides segment-wise analysis and forecast. The phototherapy devices market has been categorized on the basis of product type, end-user, light type and region. This segmentation analysis is comprehensive, coupled with a detailed country-wise forecast provided on all parameters.

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Phototherapy devices are used for treating neonatal jaundice and various skin conditions. These devices are extensively used in procedures such as reducing of bilirubin serum concentration or curing bilirubin toxicity. Phototherapy devices are also used in treating hyperbilirubinemia in both hemolytic and non-hemolytic conditions. These devises can effectively reduce the need for frequent blood transfusion. Phototherapy devices are facilitating greater patient convenience and hence witnessing widespread adoption in hospitals and clinics.

Increasing prevalence of skin ailments such as psoriasis and eczema across the globe and advancement of phototherapy technology is expected to influence the global phototherapy devices market over the next couple of years. As the number of patients with skin conditions continue to soar, urgency of developing advance treatment modules also grows in parallel. The introduction of cost-effective phototherapy devices based on LED technology that are more efficient than the conventional devices is bringing hope to patients. Over the years, phototherapy treatment has continuously evolved due to the arrival of new technological peripherals. Factors as such, have been instrumental in driving the adoption of phototherapy devices. Phototherapy devices are being increasingly used in treating neonatal jaundice, which is common among new born babies with high amount of bilirubin levels. However, the introduction of alternative mode of treatments and potential risks of side-effects coupled with stringent regulations on product approval remain a major challenge for manufacturers of phototherapy devices.

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.

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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 FactMR’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.

Table of Contents

1. Global Phototherapy Devices Market – Executive Summary
2. Global Phototherapy Devices Market Overview

2.1. Introduction

2.1.1. Global Phototherapy Devices Market Taxonomy

2.1.2. Global Phototherapy Devices Market Definition

2.2. Global Phototherapy Devices Market Size (US$ Mn) and Forecast, 2012-2022

2.2.1. Global Phototherapy Devices Market Y-o-Y Growth

2.3. Global Phototherapy Devices Market Dynamics

2.3.1. Drivers

2.3.2. Restraints

2.3.3. Trends

2.4. Supply Chain

2.5. Epidemiology

2.6. List of Distributors

2.7. Average Pricing Analysis

2.8. Regulations

2.9. Key Participants Market Presence (Intensity Map) By Region

3. Global Phototherapy Devices Market Analysis and Forecast By Product Type

3.1. Global Phototherapy Devices Market Size and Forecast By Product Type, 2012-2022

3.1.1. Conventional Phototherapy Devices Phototherapy Devices Market Size and Forecast, 2012-2022

3.1.1.1. Revenue (US$ Mn) Comparison, By Region

3.1.1.2. Market Share Comparison, By Region

3.1.1.3. Y-o-Y growth Comparison, By Region

3.1.2. Fiber Optic Phototherapy Devices Phototherapy Devices Market Size and Forecast, 2012-2022

3.1.2.1. Revenue (US$ Mn) Comparison, By Region

3.1.2.2. Market Share Comparison, By Region

3.1.2.3. Y-o-Y growth Comparison, By Region

3.1.3. Others Phototherapy Devices Market Size and Forecast, 2012-2022

3.1.3.1. Revenue (US$ Mn) Comparison, By Region

3.1.3.2. Market Share Comparison, By Region

3.1.3.3. Y-o-Y growth Comparison, By Region

Continued………………………..

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