Global Phototherapy Equipment Market Analysis, Size, Share, Development and Demand Forecast to 2022
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Phototherapy is a light therapy, which involves exposing skin to ultraviolet light for a regular duration under the medical supervision for treating neonatal jaundice and treating psoriasis, and eczema globally. Phototherapy helps in reducing itching, increases vitamin D production, and calms inflammation.
The growing health care industry in emerging economies, development of low cost phototherapy equipment and increasing adoption of at home phototherapy treatment is creating ample revenue generation opportunities for the manufacturers of phototherapy equipment. However, high cost of these equipments and procedures and dearth of skilled professionals are the key factors hampering the growth of the global phototherapy equipment market.
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Geographically, North America has been the largest market for phototherapy equipment. The major factors fueling the growth of the North American market are increasing prevalence of skin diseases, technological advancements and high healthcare expenditure in the region. The U.S. contributed largest revenue to the North American as well as global phototherapy equipment market.
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The key players operating in the global phototherapy equipment market are Philips Lighting Holding B.V., GE Healthcare, Natus Medical Incorporated, Phoenix Medical Systems Pvt. Ltd., Atom Medical Corporation, National Biological Corporation, Solarc Systems Inc., The Daavlin Company, and Nice Neotech Medical Systems Pvt. Ltd.
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