Phototherapy Devices Market Insights by Size, Status and Forecast 2022


Posted October 16, 2019 by rajatguptafactmr

Phototherapy Devices Market research report categorizes the global market By Product Type (Conventional Phototherapy Devices, Fiber Optic Phototherapy Devices, Others), By End User

 
To be precise, phototherapy devices are deployed for the treatment of neonatal jaundice along with various types of skin conditions. These days, such devices are widely used for procedures related to curing bilirubin toxicity or reduction of bilirubin serum concentration. According to this recent report published by Fact.MR, the effectiveness of phototherapy devices in hospitals and clinics has been recognized since they offer greater convenience to patients. In order to understand the actual market scenario prevailing in the global phototherapy devices sector, readers can access this intelligent study titled “Phototherapy Devices Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022”, which diligently highlights crucial data points related to market size, market dynamics, supply chain, competitive outlook and several other facets.

According to research findings, the global phototherapy devices market is expected to expand at over 4.7% CAGR during the forecast period until 2022. These growth statistics are likely to be maintained due to increasing occurrence of skin disorders like psoriasis and eczema at the global level. Furthermore, soaring technological advancement across the phototherapy sector is projected to influence the worldwide sales of phototherapy devices in the coming years.

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Conventional Phototherapy Expected To Deliver Higher Sales

Focusing on the product type, the study reveals that conventional phototherapy would continue to witness vigorous adoption in the coming years. Based on revenue, the conventional phototherapy devices segment acquires close to 55% share in the overall market and is projected to sustain its dominance during the period until 2022.

On the other hand, the adoption of phototherapy devices across hospitals is likely to remain high in the near future. Interestingly, this particular end-use segment delivered more than 60% revenue share of the market. According to insights, the hospitals segment is anticipated to acquire revenue exceeding US$ 395 Mn by 2022-end.

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North America Emerges as Lucrative Market for Phototherapy Devices

As the report proceeds, readers are updated regarding the geographical expansion involving lucrative regional markets. It has been recorded that market for phototherapy devices in North America is likely to remain highly rewarding during the state forecast period. There are superior expectations that the target market would showcase growth at a steady CAGR until 2022. Moreover, the markets in Europe and Asia-Pacific excluding Japan (APEJ) are also marked as promising markets which are expected to experience bolstering sales for phototherapy devices.

Competition Viewpoint

As the report concludes, readers are enlightened about the competition outlook active in the global phototherapy devices market. This section discourses vital pointers associated to leading manufacturers such as company overview, key developments, key financials and SWOT analysis. Some of the prime market players examined in the report include Medela AG, Natus Medical Incorporated, Nice Neotech Medical Systems Pvt. Ltd., ALFAMEDIC S.R.O., The Daavlin Company, Herbert Waldmann GmbH & Co. KG, Heal Force Bio-Meditech Holdings Limited, General Electric Company, Hill-Rom, Drägerwerk AG & Co. KGaA, Medisana AG, National Biological Corp., Natus Medical Incorporated, Solarc Systems Inc. and NINGBO DAVID MEDICAL DEVICE CO., LTD.

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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Last Updated October 16, 2019