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Global Phototherapy Equipment Market 2019-2023

  • Published: Nov 2018
  • Pages: 106
  • SKU: IRTNTR30197
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The phototherapy equipment market size will grow by USD 151.52 million during 2019-2023. This report offers an analysis of the market based on the end user (healthcare and homecare) and geography (the Americas, APAC, and EMEA). The phototherapy equipment market research report further analyzes the market’s competitive landscape and offers information on several companies including Atom Medical, General Electric, Natus Medical, Phoenix Medical Systems, and Signify.

Below are some of the key findings from the phototherapy equipment market research report

 

Phototherapy Equipment Market

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Global phototherapy equipment industry overview

The rising prevalence of skin disorders is one of the key factors driving the phototherapy equipment market growth. In 2016, 5%-6% of the population in the Americas was diagnosed with psoriasis. Approximately, 9,500 people are diagnosed with skin cancer each day in the US. Various other skin orders are also becoming prevalent and are majorly caused by factors like allergies, irritants, aberrations in the genetic makeup, and lack of immunity. Phototherapy is the most common method to treat various skin disorders and is seen to be highly effective. Phototherapy equipment emits specific wavelengths of light to treat skin diseases. As skin ailments become more common, the demand for phototherapy equipment will increase, and drive the phototherapy equipment market growth.

The growing adoption of phototherapy for avoiding seasonal depression (SAD) is one of the critical phototherapy equipment market trends. In cold regions like Western Europe and North America, sunlight exposure reduces during fall and winter. This causes hormonal changes like reduction in serotonin production. The absence of the feel-good hormone serotonin leads to symptoms of depression. The use of daylight therapy lamps in the first step treatment of people suffering from SAD. SAD patients are recommended to use phototherapy equipment like light therapy boxes as a substitute to sunlight, to help reset or maintain the circadian rhythm. The demand for light therapy boxes is thereby growing in regions experiencing limited sunlight. The phototherapy equipment market report predicts that fueled by these factors, the market will grow at a CAGR of over 5% during the forecast period.

Top phototherapy equipment companies covered in this market research report

The phototherapy equipment market is highly fragmented and in the growth phase. Several established market vendors are focused on improving the distribution network and ensuring the availability of products for end-users. The market landscape is expected to become fairly concentrated by the end of the next five years.  By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this phototherapy equipment industry analysis report will aid clients to identify and design new growth strategies.

The report offers a complete analysis of various companies including:

  • Atom Medical
  • General Electric
  • Natus Medical
  • Phoenix Medical Systems
  • Signify

Phototherapy equipment market segmentation based on geographic regions

  • Americas
  • APAC
  • EMEA

According to global phototherapy equipment market analysis, the Americas will lead the phototherapy equipment market share until 2023. Whereas, the APAC region will account for the highest phototherapy equipment market growth over the next five years.

Phototherapy equipment market segmentation based on end users

  • Healthcare
  • Homecare

The healthcare user segment will account for the largest phototherapy equipment market share during the forecast period. Whereas, homecare user segment will account for the highest phototherapy equipment market growth. Additionally, the report also provides an accurate prediction of the contribution of the various end-user segments to the growth of the phototherapy equipment market size.

Key highlights of the global phototherapy equipment market for the forecast years 2019-2023:

  • CAGR of the market during the forecast period 2019-2023
  • Detailed information on factors that will accelerate the growth of the phototherapy equipment market during the next five years
  • Precise estimation of the global phototherapy equipment market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the phototherapy equipment industry across the Americas, APAC, and EMEA
  • A thorough analysis of the market’s competitive landscape and detailed information on several vendors
  • Comprehensive details on the factors that will challenge the growth of phototherapy equipment companies

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Table of Contents

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY END-USER

  • Market segmentation by end-user
  • Comparison by end-user
  • Healthcare - Market size and forecast 2018-2023
  • Homecare - Market size and forecast 2018-2023
  • Market opportunity by end-user

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • Americas - Market size and forecast 2018-2023
  • EMEA - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Growing use of phototherapy equipment in cancer treatment
  • Increasing importance of promotional activities
  • Growing adoption of phototherapy for avoiding SAD

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Atom Medical
  • GENERAL ELECTRIC
  • Natus Medical
  • Phoenix Medical Systems
  • Signify

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations

PART 15: EXPLORE TECHNAVIO

 

 

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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