LED Phototherapy Market Size & Share - Industry Trend and Forecast 2017 - 2025

The report analyzes and presents an overview of "LED Phototherapy Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025" worldwide.

The main objective of this report is to define, describe, and forecast the global “LED Phototherapy” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

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Global LED Phototherapy Market: Overview

Phototherapy or light therapy is a medical procedure used to treat various skin and other diseases. Light-emitting diode (LED) phototherapy units are developed by incorporating light-emitting diodes bulbs that deliver higher irradiance at cheaper cost, extended life span, less heat production, and provide narrow spectrum wavelength. LED phototherapy is effectively used in the treatment of neonatal jaundice. LEDs are specifically used to emit a narrow wavelength of blue light (dominant wavelength 458 nm) that maximizes the rate of bilirubin breakdown. At this wavelength, light can transform bilirubin into two other compounds ­— lumirubin and photobilirubin — that can be removed from the body without the involvement of the liver. Lumirubin and photobilirubin chemicals are isomers of bilirubin. They are made of the same atoms with rearranged structures. The radiance level of LED is higher. This helps lower the treatment time. LED phototherapy is cost effective, as the change of bulbs takes place at nearly 20,000 hours compared to 2,000 hours taken by the conventional fluorescent lights. “According to a report published by the International Journal of Pediatric Research (IJOPR) in 2014, LED phototherapy units were more effective in reference to higher rate of fall of bilirubin levels in similar time duration compared to compact fluorescent lamp (CFL) phototherapy units.

Global LED Phototherapy Market: Drivers and Restraints

Rise in number of neonatal jaundice cases has boosted the demand for effective phototherapy treatment. In some cases, neonatal jaundice can lead to severe hyper bilirubinemia like acute bilirubin encephalopathy (ABE) and chronic bilirubin encephalopathy (CBE). The severity of hyperbilirubinemia can be reduced if treated promptly with effective phototherapy. According to the BMJ Publishing Group Limited, the U.K. and Ireland experienced an incidence of severe hyperbilirubinemia (maximum unconjugated serum bilirubin ?510 micromol/L [29.8 mg/dL]) of 7.1 person per 100,000 people in 2016. Incidence of severe hyperbilirubinemia creates high demand for LED phototherapy equipment in the treatment of jaundice. Increase in demand for LED technology has encouraged key players to invest in the development of a new device with LED bulb to provide cost-effective products in the market. The U.S. based Natus Medical Incorporated received the FDA clearance for neoBLUE LED Phototherapy System in 2016. The neoBLUE system incorporates optimal blue LED technology for the treatment of newborn jaundice that is more effective in degradation of bilirubin. LED phototherapy is cost effective, consumes less power, and requires minimal maintenance cost. These factors are likely to propel the global LED phototherapy market during the forecast period.

Global LED Phototherapy Market: Key Segments

The global LED phototherapy market can be segmented based on product type, end-user, and region. In terms of product type, the global LED phototherapy market can be divided into overhead, under surface and double surface type LED phototherapy units. These products are designed to meet specific requirements of phototherapy. Based on end user, the global LED phototherapy market can be bifurcated into hospitals and clinics. Approval of LED phototherapy products by the U.S. FDA and CE has increased the availability and access of LED based units among end-users. This is anticipated to boost the hospital segment of the global LED phototherapy market.

In terms of region, the global LED phototherapy market can be segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the market in 2016. The region is expected to continue its dominance during the forecast period. The North American Association for Photobiomodulation Therapy (NAALT) aims to promote phototherapy as a valid treatment through public awareness campaigns and organization of conferences for physicians. Asia Pacific is one of the highly lucrative regions of the LED phototherapy market due to rising awareness about the therapy.

Global LED Phototherapy Market: Key Players

Key players operating in the global LED phototherapy market include Natus Medical Incorporated, GE Healthcare, Drägerwerk AG & Co. KGaA, and Phoenix Medical Systems Pvt. Ltd.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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