Global Phototherapy Device Market (2019-2025) | Analysis, Size, Revenue, Trends, Growth, Forecast, Industry, Outlook, Value & Segmentation

Latest 2023 Developments of the Global Phototherapy Device Market

Global Phototherapy Device Market has seen the latest developments which include the introduction of cost-effective phototherapy devices that are more efficient than conventional devices. Over the years, phototherapy treatment has continuously evolved due to the arrival of new technological peripherals. Advancements in technology such as increases in the use of LED devices, safety, low power consumption, long shelf-life, and portability of LED devices further propel the market. It is also effective in the treatment of skin-related issues such as psoriasis, vitiligo, and itchy skin. Promising results have been obtained when phototherapy was used in the treatment of cancers and tumours.

Mergers and Acquisitions:

• In January 2021, Soligenix, Inc. announced that it had signed an exclusive Supply, Distribution and Services Agreement with Daavlin.
• In February 2021, GE Healthcare offloaded its molecular breast cancer imaging assets in a deal with newcomer SmartBreast.

Global Phototherapy Device Market Synopsis

The rising adoption of LED-based equipment, the spread of various skin diseases as well as significant demand for various technologically advanced products is some of the key growth drivers of the Global phototherapy device market. Additionally, the massive spread of neonatal jaundice among the newborn population across the globe is further expected to increase the demand for the global phototherapy device market over the coming years.

According to 6Wresearch, the Global Phototherapy Device Market is anticipated to witness sound growth during 2019-2025. The device is gaining a major market share across the globe and has been put to high use in neonatal jaundice management applications as it provides technological advancements for treatment. Moreover, the use of compact fluorescent bulbs is supporting the product to acquire a sound market share as the bulb provides ease of use and uniformity.

Furthermore, on the basis of end-user, hospitals are witnessing rising demand for phototherapy devices and are further anticipated to dominate the global phototherapy device market over the coming years. The growth is primarily driven by the increasing inclination of patients towards hospitals for treatment coupled with many surgical consumptions, as a result, the phototherapy device market is capturing a large portion of the biotechnology industry.

The Global phototherapy device market report thoroughly covers the market by product types, applications, end-users, and regions including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa, and key countries. The phototherapy device market outlook report provides an unbiased and detailed analysis of the ongoing global phototherapy device market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies accordingly to the current and future market dynamics.

The global Phototherapy Device market is the medical device in the industry such as public and private companies. The companies are engaged in the manufacturing and distribution of phototherapy Devices including conventional lamps, light-emitting diodes, treatment of skin disorders, and neonatal jaundice cases. In the phototherapy device the advanced use of the home-care system in the U.S. and Germany.

The global phototherapy device market is projected to gain traction throughout the forecast period owing to increased symptoms of jaundice in newborn babies especially. Further, the increase in the expansion of the pediatric centre's establishments is estimated to generate high sales revenues in the market underpinned by rising jaundice in newborn babies thereby the growth of the phototherapy device is been securing massive demand to treat patients and is estimated to boost the impressive growth of the global phototherapy device market in the upcoming six years.

Key Highlights of the Report:

• Global Phototherapy Device Market Overview
• Global Phototherapy Device Market Outlook
• Global Phototherapy Device Market Forecast
• Historical Data of Phototherapy Device Market Revenues for the Period 2015-2018
• Global Phototherapy Device Market Size and Forecast of Revenues, Until 2025
• Historical Data of Global Phototherapy Device Market Revenues, by Product Types, for the Period 2015-2018
• Market Size & Forecast of Global Phototherapy Device Market Revenues, by Product Types, until 2025
• Historical Data of Global Phototherapy Device Market Revenues, By Applications, for the Period 2015-2018
• Market Size & Forecast of Global Phototherapy Device Market Revenues, By Applications, until 2025
• Historical Data of Global Phototherapy Device Market Revenues, by End Users, for the Period 2015-2018
• Market Size & Forecast of Global Phototherapy Device Market Revenues, by End Users, until 2025
• Historical Data of North America Phototherapy Device Market Revenues, for the Period 2015-2018.
• Market Size & Forecast of North America Phototherapy Device Market Revenues, until 2025.
• Historical Data of Latin America Phototherapy Device Market Revenues, for the Period 2015-2018.
• Market Size & Forecast of Latin America Phototherapy Device Market Revenues, until 2025.
• Historical Data of Europe Phototherapy Device Market Revenues, for the Period 2015-2018.
• Market Size & Forecast of Europe Phototherapy Device Market Revenues, until 2025.
• Historical Data of Asia Pacific Phototherapy Device Market Revenues, for the Period 2015-2018.
• Market Size & Forecast of Asia Pacific Phototherapy Device Market Revenues, until 2025.
• Historical Data of MEA Phototherapy Device Market Revenues, for the Period 2015-2018.
• Market Size & Forecast of MEA Phototherapy Device Market Revenues, until 2025.
• Market Drivers and Restraints
• Global Phototherapy Device Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Global Phototherapy Device Market Share, By Regions
• Global Phototherapy Device Market Share, By Players
• Global Phototherapy Device Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Global phototherapy device market report provides a detailed analysis of the following market segments:

By Types:

• • Conventional Phototherapy Device
    • Fluorescent Lamps,
    • Compact Fluorescent Lamps
  • Fiber Optic Phototherapy Device
  • LED Phototherapy Device

• By Applications:

  • Skin Disease Treatment
    • Psoriasis
    • Eczema
    • Vitiligo
    • Others
  • Neonatal Jaundice Management
  • Cancers and Pre-cancers
  • Other Diseases

By End Users:

• Hospitals
• Clinics
• Homecare

By Regions:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa