DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Phototherapy Equipment Market Analysis By Product (Conventional With Fluorescent Lamp And Compact Fluorescent Lamp; LED; Fiberoptic), By Application (Skin Disease Treatment, Neonatal Jaundice), By End-Use, And Segment Forecasts, 2014 - 2025" report to their offering.
The global phototherapy equipment market is expected to reach a value of USD 788.7 million by 2025
Rising prevalence of skin diseases has led to huge growth of phototherapy equipment market. According to healthline data, nearly 150,000 new psoriasis cases develop each year among the U.S. population. With such huge population developing psoriasis, there is a growing need for phototherapy devices in the near future. Eczema, one of the severe skin diseases also has contributed towards the growth of the market.
Neonatal jaundice is another disease that require phototherapy treatment. This kind of treatment is very common among newborns suffering from jaundice in order to reduce high bilirubin levels. According to National Center for Biotechnology Information (NCBI), around 60% to 80% of healthy newborns are likely to develop neonatal jaundice. Hence, demand for phototherapy equipment is expected to rise with growing prevalence of neonatal jaundice.
Furthermore, technological advancements are continuously rising pertaining to this market. LED-based devices are being highly adopted, which has further accelerated the growth of the market. The LED lights are cheaper as compared to conventional phototherapy equipment and has a long-lasting effect. These lights also have been proved to be very effective for treating neonatal jaundice. Hence, improvement in technology has impacted the growth of the market.
- Philips Lighting Holding B.V.
- GE Healthcare
- Natus Medical Incorporated
- Herbert Waldmann GmbH & Co. KG
- Nice Neotech Medical Systems Pvt. Ltd.
- Phoenix Medical Systems Pvt. Ltd.
- Atom Medical Corporation
- National Biological Corp.
- Solarc Systems Inc.
For more information about this report visit http://www.researchandmarkets.com/research/rsxw3l/phototherapy