Global Phototherapy Equipment Market Overview:
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.
- Growing Incidence of Neonatal Jaundice
- Increasing Number of Preterm and Low-Weight Births and Rising Prevalence of Skin Diseases
- Rising Adoption of Led-Based Phototherapy Equipment
- Increasing Launch of Technologically Advanced Phototherapy Equipment
- High Use of Alternative Modes of Treatment
- Stringent FDA Regulatory Policies for the Approval of New Devices
- Technological Development of Low-Cost Phototherapy Equipment
- Growing Adoption of Home Phototherapy for the Treatment of Skin Diseases
- Development of Low-Cost Phototherapy Equipment
- Increasing Adoption of Home Phototherapy for the Treatment of Skin Diseases
Some of the key players profiled in the report 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). Analyst at AMA Research see Asian and United States Players to retain maximum share of Global Phototherapy Equipment market by 2026. Considering Market by End User, the sub-segment i.e. Hospitals will boost the Phototherapy Equipment market.
Latest Market Insights:
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.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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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 related to 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, USPTO, EPO, Annual reports, press releases etc.