Phototherapy Equipment Market 2016 Share, Trend and Forecast Phototherapy Equipment Market - Global Industry An

Phototherapy
Equipment
Market
-
Global
Industry Analysis, Size, Share, Growth, Trends,
and Forecast 2016 - 2024
Global Phototherapy Equipment Market: Snapshot
Use of specific wavelengths of light which are very effective in the treatment of
medical conditions such as neonatal jaundice and skin diseases is known as
phototherapy. Phototherapy is performed by exposing surface of skin to specific
range of wavelength lights using light emitted diode (LED) lamps or fluorescent
lamps or incandescent lamp such as halogen. The process is used in the treatment
of neonatal jaundice and skin diseases. Psoriasis, eczema, vitiligo, and acne are the
most common skin diseases treated using phototherapy treatment. The demand for
phototherapy equipment has significantly risen in the last few years in response to
the increasing incidence of the aforementioned skin diseases. Besides this, the
increasing incidence of neonatal jaundice, advent of new technology by key players
are factors driving the growth of phototherapy equipment market. Use of alternative
mode of treatment such as topical and systemic therapy for skin diseases and
exchange blood transfusion for neonatal jaundice are the restraining factor for
growth of phototherapy equipment market.
The global phototherapy equipment market is forecast to exhibit a CAGR of 4.4%
between 2016 and 2024. At this pace, the market’s valuation will reach US$603.2
mn by the end of 2024, from US$415.0 mn in 2015.
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http://www.transparencymarketresearch.com/phototherapy-equipment-
market.html
Hospitals Segment to Rake in High Profit as Leading End User
The phototherapy equipment market is segmented based on product type,
modality, diseases indication, end users, and regions. Based on product type, the
phototherapy equipment market is segmented into CFL (Compact Fluorescent
Lamps) phototherapy, light emitted diode (LED) phototherapy and others. The CFL
phototherapy segment emerged dominant with a share of 49.6% in the market in
2015. The effective use of CFL in the treatment of psoriasis, eczema, and in
combined therapy for other diseases such as cancer has aided in the expansion of
the segment.