Phototherapy Equipment: What are the growth opportunities in North america and Europe in upcoming years
The global phototherapy equipment market is projected to reach $583.4 Million by 2021, growing at a CAGR of 4.5%
(EMAILWIRE.COM, December 26, 2018 ) Growth in the phototherapy equipment market is mainly driven by rising incidences of neonatal jaundice in both developed and developing markets, rising number of people suffering from skin diseases, inflow of technologically advanced products, and rising adoption of LED-based phototherapy equipment.
North America is one of the major revenue-generating regions in the global phototherapy equipment market. The large share of this regional segment can mainly be attributed to high prevalence of neonatal jaundice cases, rising number of people suffering from skin diseases, and the presence of a favorable reimbursement structure.
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LED-based phototherapy equipment use LEDs as a light source to precisely focus the required wavelength light on the affected area. In addition, the treatment time associated with LED devices is less as compared to conventional devices, as a result of the high level of radiation.
Growth in the in LED-based phototherapy equipment segment is attributed to the rising incidence of neonatal jaundice and the growing adoption of LED-based phototherapy equipment for target disease management.
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This report aims to define, describe, and forecast the global market on the basis of type, application, end user, and region. The main objectives of this report are to provide detailed information regarding major factors influencing growth of the market (drivers, restraints, opportunities, and industry-specific challenges), to analyze the opportunities in the market for key stakeholders and provide details of the competitive landscape for market leaders.
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