Market Highlights: The commonly available phototherapy equipment has a very simple mechanical structure with bulbs mounted overhead to provide the required intensity of light. It should be made sure that the equipment emits light with a wavelength in the accepted range which has to be checked through calibrated millimeter. Increasing utility for treating skin disorders such as psoriasis, acne, neonatal jaundice, and eczema, the market of phototherapy equipment is anticipated to display numerous opportunities of growth for phototherapy equipment market players during the forecast period. The market study is being classified by Type (Long Lamp, CFL (Compact Fluorescent Lamps), LED (light emitted diode), Fiber Optic and Others), by Application (Skin Diseases (Psoriasis, Vitiligo, Eczema) and Neonatal Jaundice) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Phototherapy Equipment are GE Healthcare (United States), Philips Lighting Holding B.V. (Netherlands), Natus Medical Incorporated (United States), Phoenix Medical Systems Pvt. Ltd. (India), Herbert Waldmann GmbH & Co. KG (Germany), Atom Medical Corporation (Japan), nice Neotech Medical Systems Pvt. Ltd. (India), National Biological Corp. (United States), The Daavlin Company (United States) and Solarc Systems Inc. (Canada).
Major Market Development Highlights Recently, Philips has launched the second generation of its wearable phototherapy devices on the occasion of World Psoriasis Day. These devices cover ~25% more treatment area as compared to their earlier versions. They are also thinner and have longer battery life. This device uses UV-free LED light to treat mild cases of plaque psoriasis at home. Recently, Atom Medical Corporation signed a one-year distribution contract with Inspiration Healthcare Group plc, a global supplier of medical technology for critical care, operating theater, and other applications. The agreement gave Inspiration Healthcare Group exclusive rights to sell Atomís NICU product range in the United Kingdom.
Key Questions Answered in the Report What will the Phototherapy Equipment Market size and the growth rate be in Future? What are the key factors driving the Phototherapy Equipment Market? What are the key market trends and macro-economic impacting the growth of the Phototherapy Equipment Market? What are the challenges to market growth? Who are the key vendors in the Phototherapy Equipment Market? What are the market opportunities and threats faced by the vendors in the Phototherapy Equipment Market? Trending factors influencing the market shares of the Players. What are the key outcomes of the five forces analysis of the Phototherapy Equipment Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Phototherapy Equipment market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Phototherapy Equipment market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Phototherapy Equipment Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.