Phototherapy Device Market Overview
As per Maximize Market Research, a global business research and consultancy firm, the total global market for “Phototherapy Device Market” size was valued at US$ 575.63 Mn in 2022 and the total revenue is expected to grow at CAGR 4.1 % through 2022 to 2029, reaching nearly US$ 762.61 Mn.
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Phototherapy Device Market Scope and Methodology
The Phototherapy Device market report offers a comprehensive analysis, estimating market size and examining current and future trends. It includes detailed insights on key developments, marketing strategies, supply and demand indicators, and company profiles of market players. Utilizing a bottom-up approach with primary and secondary data sources, the report covers local, regional, and global levels. It encompasses historical data, technological innovations, and assessments of market risks, opportunities, and challenges. The report adopts various analysis tools like SWOT, PORTER, SVOR, and PESTLE to provide valuable insights for investors and stakeholders in the Phototherapy Device market.
Phototherapy Device Market Regional Insights
The Phototherapy Device market regional insights provide a comprehensive overview of key trends and developments across different geographical areas. In North America, the market is driven by advanced technological innovations and strong consumer demand. Europe showcases a growing emphasis on sustainable products and eco-friendly practices. The Asia Pacific region experiences robust market growth due to a rising middle class and increasing urbanization. Latin America witnesses a surge in investments and favorable government policies. The Middle East and Africa show promising opportunities, driven by expanding industries and infrastructural development. Overall, these regional insights offer valuable guidance for understanding the diverse dynamics within the Phototherapy Device market.
Phototherapy Device Market Segmentation
The phototherapy device market is divided into three categories based on technology: conventional phototherapy, LED-based phototherapy, and fibre optic phototherapy. Because phototherapy reduces hyperbilirubin in newborns and skin illnesses, the conventional photography sector is expected to have the highest CAGR of 3.94% during the forecasting period. This segment currently dominates the market. In 2021, this segment brought in 184.00 Mn in sales.The second-largest segment, LED-based phototherapy, is anticipated to expand at a CAGR of 6.0% during the projection period.
The Phototherapy Device Market is divided into two categories, Skin Disease Treatment and Neonatal Jaundice, based on Application. Treatment for skin conditions is further divided into psoriasis, vitiligo, and eczema. The greatest CAGR of 5.44% is predicted for the treatment of skin diseases during the forecasted period. People always favour phototherapy as a kind of treatment as the number of skin disorders increases. The most growth in Neonatal Jaundice is anticipated throughout the forecasted period. According to a recent estimate, the majority of newborn babies would have jaundice in 2022.
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Phototherapy Device Market Key Players
1. GE Healthcare
2. Atom Medical
3. Draeger
4. Herbert Waldmann
5. Natus Medical
6. Daavlin
7. Beurer
8. National Biological
9. David
10.Solarc Systems Inc.
11.UVBioTek
12.MTTS Asia
13.Nice Neotech
14.Signify Holding
15.Phoenix Medical Corporation
16.Strata Skin Sciences
17.National Biological Corporation
18.Hill-Rom
19.Medisana AG
20.Schulze & Böhm GmbH
The table of content for the Phototherapy Device Market includes the:
1. Preface
1.1. Market Definition and Key Research Objectives
1.2. Research Highlights
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources
3. Executive Summary: Phototherapy Device Market Size, by Market Value (US$ Bn)
3.1. Global Market Segmentation
3.2. Global Market Segmentation Share Analysis, 2022
3.2.1. Global
3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
3.3. Geographical Snapshot of the Phototherapy Device Market
3.4. Geographical Snapshot of the Phototherapy Device Market , By Manufacturer share
Key questions answered in the Phototherapy Device Market are:
- What is Phototherapy Device?
- What was the Phototherapy Device market size in 2022?
- What are the different segments of the Phototherapy Device Market?
- What growth strategies are the players considering to increase their presence in Phototherapy Device?
- What are the upcoming industry applications and trends for the Phototherapy Device Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Phototherapy Device Market?
- Who are the key players in the Phototherapy Device market?
- What major challenges could the Phototherapy Device Market face in the future?
- What segments are covered in the Phototherapy Device Market?
- Who are the leading companies and what are their portfolios in Phototherapy Device Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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