Market Scenario:
Phototherapy is the treatment with a special kind of light
that helps to reduce itch, calm inflammation, increase vitamin D production,
and ramp up bacteria-fighting systems in the skin. It helps to treat skin
diseases such as psoriasis, vitiligo, jaundice, and others. It is the most
common treatment to reduce jaundice in newborn baby. The baby having jaundice
need to stay under observation for several days, where baby needs to be lies in
a bassinet or enclosed plastic crib and exposed to a type of fluorescent light
that is absorbed by the baby body skin, this process change the bilirubin in
the baby body into another form that can be extracted from stool and urine.
According to WHO, in 2014, Member States recognized that
psoriasis as a serious noncommunicable disease (NCD) in the world health
assembly resolution. That resolution mentioned that numerous people in the
world suffer from psoriasis, which is leading the market for photography
globally. The global phototherapy market is expected to grow at a CAGR of 4.6 %
during the forecast period 2017-2023.
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Segmentation:
The global phototherapy market is segmented on the basis of
devices, indication, and end user.
On the basis of the devices, it is segmented into Firefly,
fiber-optic blanket, fiber-optic band, and others.
On the basis of the indication, it is segmented into skin
diseases, jaundice, and others. Furthermore, skin disease is segmented into
psoriasis, vitiligo, and other skin diseases.
On the basis of the end user, it is segmented into hospitals
& clinics, dermatology center, home care, and others.
Intended
Audience:
·
Biotechnology companies
·
Hospitals and diagnostic centers
·
Clinics
·
Academic research institutes
·
Government institutes
Regional Analysis:
The Americas account for the major share in the global
phototherapy market owing to the increasing prevalence of infants with
jaundice, psoriasis, vitiligo, and others skin disease. Moreover,
well-developed technology, increasing government support for research &
development, high healthcare expenditure, and changing lifestyle have fuelled
the growth of the Americas phototherapy market. Additionally, the concentration
of major players in this region is likely to fuel the growth of the market
during the forecasted period. According to the WHO in 2014, the
prevalence of psoriasis is increasing across the globe. It affects both men and
women of all ages, regardless of ethnic origin in all countries, the prevalence
of psoriasis in different countries vary from 0.09% to 11.4%. In the most
developed countries, prevalence is between 1.5 and 5%. Furthermore, it is
predicted to increase over the coming years.
On the other hand, the Middle East & Africa holds the
least share of the market due to poor political conditions in Africa and
limited availability of funds and availability of medical facilities. The
Middle East is leading the Middle East & African phototherapy market due to
the presence of well-developed countries like Kuwait, Qatar, Oman, and South
Arabia. Whereas, Africa region is expecting a healthy growth due to the
presence of a huge opportunity for the development of the market.
Key Players:
Some of the key players in this market are GE Healthcare
(UK), Koninklijke Philips N.V. (Netherlands), Natus Medical Incorporated
(U.S.), Beurer GmbH (Germany), Herbert Waldmann GmbH & Co. KG (Germany),
PhotoMedex, Inc (U.S.), MTTS ASIA (Vietnam), VIA Global Health (U.S.), and
others.
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Table of
Content:
1. Report Prologue
2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
4. Market Dynamics
4.1 Drivers
4.2 Restrains
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
5. Market Factor Analysis
5.1 Porters Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
5.1.2 Bargaining Power Of Buyers
5.1.3 Threat Of New Entrants
5.1.4 Threat Of Substitutes
TOC
Continued…!
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