Phototherapy Market Share Analysis, Strategies, Revenue and Forecasts to 2023

Market Scenario:     

Phototherapy is the treatment with a special kind of light that helps to reduce itch, calm inflammation, increase vitamin D production, and ramp up bacteria-fighting systems in the skin. It helps to treat skin diseases such as psoriasis, vitiligo, jaundice, and others. It is the most common treatment to reduce jaundice in newborn baby.

According to WHO, in 2014, Member States recognized that psoriasis as a serious noncommunicable disease (NCD) in the world health assembly resolution. That resolution mentioned that numerous people in the world suffer from psoriasis, which is leading the market for photography globally. The global phototherapy market is expected to grow at a CAGR of 4.6 % during the forecast period 2017-2023. 

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Segmentation:

The global phototherapy market is segmented on the basis of devices, indication, and end user.

On the basis of the devices, it is segmented into Firefly, fiber-optic blanket, fiber-optic band, and others.

On the basis of the end user, it is segmented into hospitals & clinics, dermatology center, home care, and others.

Intended Audience:

Biotechnology companies
Hospitals and diagnostic centers
Clinics
Academic research institutes
Government institutes
Regional Analysis:

The Americas account for the major share in the global phototherapy market owing to the increasing prevalence of infants with jaundice, psoriasis, vitiligo, and others skin disease. Moreover, well-developed technology, increasing government support for research & development, high healthcare expenditure, and changing lifestyle have fuelled the growth of the Americas phototherapy market.

On the other hand, the Middle East & Africa holds the least share of the market due to poor political conditions in Africa and limited availability of funds and availability of medical facilities. The Middle East is leading the Middle East & African phototherapy market due to the presence of well-developed countries like Kuwait, Qatar, Oman, and South Arabia. Whereas, Africa region is expecting a healthy growth due to the presence of a huge opportunity for the development of the market.

Key Players:                                              

Some of the key players in this market are GE Healthcare (UK), Koninklijke Philips N.V. (Netherlands), Natus Medical Incorporated (U.S.), Beurer GmbH (Germany), Herbert Waldmann GmbH & Co. KG (Germany), PhotoMedex, Inc (U.S.), MTTS ASIA (Vietnam), VIA Global Health (U.S.), and others. 

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Table of Content:

Report Prologue
Market Introduction
2.1 Definition

2.2 Scope Of The Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Research Methodology
3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Market Dynamics
4.1 Drivers

4.2 Restrains

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Technology Trends & Assessment

Market Factor Analysis
TOC Continued…!

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