Phototherapy Equipment Market Insights:
The Phototherapy Equipment Market size was valued at USD 383.37 Million in 2022, expecting a CAGR of 3.92% during the forecast period (2023-2030), and the market is projected to be worth USD 521.45 Million by 2030.
The increased adoption of Phototherapy Equipment in the Medical Devices industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Phototherapy Equipment also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Phototherapy Equipment in many sectors also boosts the market growth during the forecast period.
Phototherapy equipment is a medical device used to treat a variety of skin conditions, including jaundice in newborns, psoriasis, eczema, vitiligo, and acne. It works by exposing the skin to specific wavelengths of light that can help to reduce inflammation, improve the skin’s appearance, and promote healing. The most common type of phototherapy equipment is a light box, which emits ultraviolet (UV) light. There are several different types of light boxes, including narrowband UVB, broadband UVB, and UVA.
Phototherapy Equipment Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Product (Fiber Optic, LED-based, Conventional, Others), By Application (Skin Disease Treatment, Psoriasis, Vitiligo, Eczema, Neonatal Jaundice Management, Others), By End Use (Hospitals, Dermatology Clinics), and companies (Philips Lighting Holding B.V (Signify Holdings), GE Healthcare, Natus Medical Incorporated, Hebert Waldmann GmbH & Co. KG, Nice Neotech Medical Systems Pvt. Ltd., Phoenix Medical Systems Pvt. Ltd., Atom Medical Corporation, National Biological Corp., Solarc Systems, Inc., The Daavlin Company), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 3.92%, over the forecast period of 2023–2030.
|Market Size in 2030 (USD Million)
|Fiber Optic, LED-based, Conventional, Others
|Skin Disease Treatment, Psoriasis, Vitiligo, Eczema, Neonatal Jaundice Management, Others
|By End Use
|Hospitals, Dermatology Clinics
|North America, Europe, Asia Pacific, Latin America, Middle East and Africa
|Philips Lighting Holding B.V (Signify Holdings), GE Healthcare, Natus Medical Incorporated, Hebert Waldmann GmbH & Co. KG, Nice Neotech Medical Systems Pvt. Ltd., Phoenix Medical Systems Pvt. Ltd., Atom Medical Corporation, National Biological Corp., Solarc Systems, Inc., The Daavlin Company
The COVID-19 pandemic has had a substantial negative influence on the Phototherapy Equipment market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Philips Lighting Holding B.V (Signify Holdings), GE Healthcare, Natus Medical Incorporated, Hebert Waldmann GmbH & Co. KG, Nice Neotech Medical Systems Pvt. Ltd., Phoenix Medical Systems Pvt. Ltd., Atom Medical Corporation, National Biological Corp., Solarc Systems, Inc., The Daavlin Company
Market Segment Analysis:
- Fiber Optic
- Skin Disease Treatment
- Neonatal Jaundice Management
By End Use
- Dermatology Clinics
- Homecare Settings
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2022, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Phototherapy Equipment industries in the region.
Key Phototherapy Equipment Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Phototherapy Equipment Market segments.
– Largest Market Share Held by Industry to Industry for Phototherapy Equipment
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Phototherapy Equipment Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
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