Global Phototherapy Equipment Market to Exhibit a CAGR of 4.4% during the Forecast Period of 2016 – 2024

The demand for phototherapy equipment has significantly increased in the last few years in response to the increasing incidence of neonatal jaundice and skin diseases and advent of new technologies. A new research report titled as “Phototherapy Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024” has been recently added to the huge portfolio of Market Research Reports Search Engine (MRRSE). This market report is a professional and in-depth study of the current state as well as future potential of the global phototherapy equipment market.

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The global phototherapy equipment market is estimated to exhibit a CAGR of 4.4% between 2016 and 2024. Rising at this pace, the market’s valuation is expected to reach a value of US$603.2 million by the end of 2024, from US$415.0 million in 2015. This market report on phototherapy equipment includes an elaborate executive summary, which covers a market snapshot that gives information about different segments of the market. A detailed qualitative analysis of drivers, restraints and opportunities in the market has been provided in the report. Besides this, the report includes Porter’s five forces analysis to understand the competitive scenario in the market.

To make the study structured and easy to comprehend, it is divided into different segments based on product type, modality, disease indication, end-user and geography. Based on product type, the phototherapy equipment market has been segregated into Compact Fluorescent Lamps (CFL) phototherapy, light emitted diode (LED) phototherapy and others. Based on modality, phototherapy equipment market has been bifurcated into full body phototherapy and partial body phototherapy. On the basis of disease indication, the major market segments are neonatal jaundice, skin diseases, and other. These market segments are analyzed in terms of available approved technology and equipment, cost-effectiveness, and preference for equipment by physicians and patients. The market size and forecast for each of these segments has been presented for the period of 2016 - 2024, taking 2015 as the base year.

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The report concludes by profiling major players operating in the global phototherapy equipment market in terms of various attributes such as company overview, product portfolio, financial overview, business strategies, and major recent developments. Major players profiled in this report are Atom Medical Corporation, Drägerwerk AG & Co. KGaA, GE Healthcare, National Biological Corp., The Daavlin Company, Herbert Waldmann GmbH & Co. KG, Solarc Systems Inc., Phoenix Medical Systems Pvt. Ltd, nice Neotech Medical Systems Pvt. Ltd., and Natus Medical Incorporated.

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