The global phototherapy equipment
market is projected to reach USD 583.4 Million by 2021, growing at a CAGR of
4.5% during the forecast period of 2016 to 2021. Currently, there is a growing
demand for technologically advanced phototherapy equipment which are not only
cost effective but also efficient and offer features that enhance user safety.
As of 2016, North America and Europe are expected to dominate the phototherapy
equipment market. The dominant position of North America in this market can be
attributed to the presence of a large end-user base, significant availability
of public-private funding for research activities, faster adoption of advanced
technologies, and growing number of phototherapy-based researches in the U.S.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=174360683
However,
the Asia-Pacific phototherapy equipment market is expected to witness higher
growth during the forecast period, majorly due to the strategic expansion of
key players in emerging Asian countries, growing prevalence of skin diseases & neonatal jaundice,
ongoing expansion of healthcare infrastructure by emerging countries
(especially India and China), increasing medical tourism, and evolving regulatory scenario. Due
to the significant growth opportunities offered by emerging countries (India,
China, Malaysia, and Taiwan), a number of vendors operating in the market have
been focusing on expanding their presence in the Asia-Pacific region. Market players
are also continuously focusing on the launch and promotion of products in these
regions to gain a competitive advantage.
Phototherapy equipment are being used in hospitals and clinics; home-use
equipment have also been launched in the market. Hospitals & clinics account
for a major share in the end-user market, whereas the home-use segment is expected
to witness higher growth. In recent years, many companies have developed
phototherapy equipment offering features such as integrated timers and
automated calibration, which ensure the safety of patients. The launch of such
advanced phototherapy equipment is expected to result in more number of prescriptions
from doctors for home phototherapy.
Know more: https://www.marketsandmarkets.com/Market-Reports/phototherapy-equipment-market-174360683.html
Comments
Post a Comment