Phototherapy Equipment Market Research Report by Upcoming Trend and Key Companies Analysis; Forecast to 2024

Major market players in the global phototherapy equipment market have various advantages such as cutting edge technologies, superior research and development, technologically advanced instruments, and skilled workforce for phototherapy equipment manufacturing. The global phototherapy equipment market is driven by increasing demand from health care professionals across the world for advanced phototherapy products, increasing focus by companies to provide quality products, increasing incidence and prevalence of dermatological disorders and chronic diseases. However, stringent regulatory guidelines regarding the use of phototherapy products and competitive cost of products are some factors restraining the global phototherapy equipment market.

Key players in the global Phototherapy Equipment Market are Herbert Waldmann GmbH & Co. KG, General Electric Company (GE Healthcare), Solarc Systems, Inc., National Biological Corp., Honle UV America, Inc., Nice Neotech Medical Systems Pvt. Ltd., Koninklijke Philips N.V., UVBioTek, LLC, and ibis Medical Equipment & Systems Pvt. Ltd.

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The global phototherapy equipment market has been segmented based on product type, end-user, application, and region. Products based on body type are full body type and partial body type. Products based on lamp type include fluorescent tubes (white, blue, green), halogen lamps, fiberoptic systems, and LEDs. In terms of end-user, the global phototherapy equipment market has been segmented into hospitals, diagnostic labs, and others. Based on application, the market has been segmented into neonatal care and dermatology. Dermatology includes psoriasis, vitiligo, eczema, and others (acne, etc.).

Unique product specifications and superior technological advancements present significant opportunities in the global phototherapy equipment market. Availability of better diagnostic facilities, increasing improvements in R&D sector, and rising occurrence of neonatal jaundice, psoriasis, eczema, etc. are some of the factors attributed to the high growth of the global phototherapy equipment market. Widespread acceptance of phototherapy, key technical inventions, and strategic collaborations of companies in the developing countries are expected to boost the growth of the phototherapy equipment market. The risk associated with phototherapy treatment include skin irritation or skin burning due to frequent UV broadband exposure.

In terms of region, the global phototherapy equipment market has been segmented into five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is projected to witness the highest growth driven by high prevalence of dermatological infection and neonatal jaundice, increasing adoption of new techniques in phototherapy products, and low cost of phototherapy products and treatment. North America dominates the global phototherapy equipment market, owing to factors such as increasing demand for better health care facilities and invention of effective phototherapy equipment combinations as a result of extensive research and development.

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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