Press release
Global Phototherapy Devices Market Is Expected to See a Substantial Rise in Growth and Demand in The Forecast Period 2023-2031
Global Phototherapy Devices Market are slated to surge at a CAGR of 7% to top US$ 1.5 Bn by 2031. Demand for LED-based phototherapy devices is set to increase at a CAGR of 6% across the assessment period of 2021 to 2031.Devices that use phototherapy are used to treat numerous skin diseases, including neonatal jaundice. The usage of these reasonably priced phototherapy tools is widespread in treatments like lowering bilirubin serum concentration or treating bilirubin toxicity.
Both hemolytic and non-hemolytic illnesses can be treated with heliotherapy equipment. Devices that use light treatment can significantly lessen the requirement for frequent blood transfusions. Greater patient convenience is made possible by phototherapy devices, which has led to their widespread use in hospitals and clinics.
The use of technologically enhanced phototherapy instruments has been shown successful in clinical settings. Jaundice in infants is treated with them. Another technique used to help treat hyperbilirubinemia is exposing the newborn to light that oxidises the bilirubin in the blood. They lessen the need for exchange transfusions in neonates and shield the brain from the neurotoxic consequences of elevated serum levels of unconjugated bilirubin. They are wrapped around the infant and equipped with an hour metre to keep track of how long the treatment will last and the bulb will endure. Its use is growing in residential care institutions and healthcare facilities all over the world due to its portability and low overall cost. The market for phototherapy devices is projected to experience significant expansion as a result of all these factors.
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Top key players of The Global Phototherapy Devices Market:
• Natus
• GE Healthcare
• Draeger
• Medela
• Daavlin
• National Biological
• Nice Neotech Medical Systems
• Guangzhou Beautylife Electronic Technology
• Heal Force Bio-Meditech Holdings Limited
Market: By Types
• Conventional Phototherapy Devices
• Fiber Optic Phototherapy Devices
Market: By Applications
• Hospitals
• Dermatology Clinics
• Home Care
Global Phototherapy Devices Market: Regional Analysis
The countries covered in the regional analysis of the Global Phototherapy Devices market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter's Five Force Model and SWOT analysis are used to study the global Phototherapy Devices market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Phototherapy Devices would help in identifying future applications in this market.
Objectives of the Study:
• To provide with an exhaustive analysis on the Phototherapy Devices Market by Product, By Application, By End User and by Region.
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions- North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
• To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions
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