The major factor that driver the growth of phototherapy market is increasing ratio of death in infants due to jaundice. It has been found that almost 60 to 80 % of the new born babies suffer from neonatal jaundice all around the globe. Moreover the device firefly is in huge demand that maintains the bilirubin rate in the infants. Firefly a device that uses less energy is growing its popularity with its flexibility that can be also be used in anywhere. Global Phototherapy market expected to grow at a CAGR of 4.5% with increasing infants suffering from jaundice The Global Phototherapy Market has been examined as a swiftly growing market and expected to grow at a tremendous rate. Globally there is huge demand for Phototherapy in various regions.
Market Research Analysis:
Various types of phototherapy devices used to overcome skin diseases and have been evolved massively in recent years; this is because of growing advance technologies in the healthcare industry and increasing level of hygiene globally. Developing healthcare industry plays a major role in the growth of this market as devices have been evolved since the establishment of phototherapy, which makes these products popular and the demand for these products will grow eventually.
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Key Players for Phototherapy Market:
- GE Healthcare
- Koninklijke Philips N.V.
- Natus Medical Incorporated,
- Herbert Waldmann GmbH & Co. KG
- PhotoMedex, Inc
- MTTS ASIA
- VIA Global Health and others.
On the basis of devices
- Fiber-optic blanket
- Fiber-optic band and others.
On the basis of indication
- Skin disease and others.
On the basis of end user
- Home care and others.
Commenting on the report, an analyst from Market Research Future (MRFR)’s team said: The market for Phototherapy is growing at a steady pace and is expected to continue its growth in coming future. The major factors that drive the growth of the market are is the increasing growing population with almost 60 to 80 % infants suffering from jaundice and various others skin disease. Furthermore the procedure for the Phototherapy has become more effective thus resulting in more successful results, with the growth of the success rate demand for these products will grow resulting in the growth of the global phototherapy market.
Test the market data and market information presented through more than 50 market data tables and figures spread over 80 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Global Phototherapy Market Research Report -Forecast to 2022.”
- Biotechnology companies
- Hospitals and diagnostic centers
- Academic research institutes
- Government institutes
Study objectives of the Market:
- To provide detailed analysis of the market structure along with forecast for the next 7 years of the various segments and sub-segments of the phototherapy market
- To provide insights about factors affecting the market growth
- To analyze the market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to the main geography and various regions globally.
- To provide regional level analysis of the market with respect to the current market size and future prospective
- To provide regional level analysis of the market for segments by devices, by indication, by end users and its sub-segments.
- To provide overview of key players and their strategic profiling in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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