Global Phototherapy Equipment Market Report 2019-2023

| Source: Research and Markets Research and Markets

Dublin, Nov. 21, 2018 (GLOBE NEWSWIRE) -- The "Global Phototherapy Equipment Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The phototherapy equipment market will register a CAGR of more than 5% by 2023.

With the increasing use of phototherapy equipment in the treatment of cancer, there is a growing demand for phototherapy equipment. Many early-stage cancers can be cured by surgery, but a major obstacle in the treatment of cancer is the delay in diagnosis in low and middle-income countries. Light-sensitive drugs are injected into the body and absorbed by cancer cells. When cells are exposed to a certain wavelength of light, the drugs are activated to kill the cells and shrink the tumor.

Thus, the use of phototherapy is increasing its adoption in the treatment of cancer. With doctors having analyzed the power of light as a tool in the treatment of cancer, the need for phototherapy equipment will subsequently increase.

Market Overview

Rising prevalence of skin disorders

Phototherapy is one of the most effective ways to cure skin disorders, and there is a growing prevalence of skin disorders such as eczema and psoriasis, which is expected to fuel the growth of the global phototherapy equipment market.

Presence of alternative modes of treatment

There are several alternate techniques besides phototherapy, such as exchange blood transfusion and systemic therapy for the treatment of skin disorders and infections. The presence of these alternative techniques leads to low demand for phototherapy equipment and hinders the growth of the market.

Competitive Landscape

The market appears to be fragmented and with the presence of several companies including Atom Medical and General Electric, the competitive environment is quite intense. Factors such as the rising prevalence of skin disorders and increasing use of phototherapy equipment in cancer treatment, will provide considerable growth opportunities to phototherapy equipment manufacturers. Atom Medical, General Electric, Natus Medical, Phoenix Medical Systems, and Signify are some of the major companies covered in this report.

Report Summary:

One trend affecting this market is the increasing use of phototherapy equipment in the treatment of cancer. Many early-stage cancers can be cured by surgery, but a major obstacle in the treatment of cancer is the delay in diagnosis in low and middle-income countries. Thus, the use of phototherapy is increasing its adoption in the treatment of cancer.

According to the report, one driver influencing this market is the driven by the rising prevalence of skin disorders. Phototherapy is one of the most effective ways to cure skin disorders, and there is a growing prevalence of skin disorders such as eczema and psoriasis, which is expected to fuel the growth of the global phototherapy equipment market.

Further, the report states that one challenge affecting this market is the presence of alternative modes of treatment. There are several alternate techniques besides phototherapy, such as exchange blood transfusion and systemic therapy for the treatment of skin disorders and infections.

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY END-USER

  • Market segmentation by end-user
  • Comparison by end-user
  • Healthcare - Market size and forecast 2018-2023
  • Homecare - Market size and forecast 2018-2023
  • Market opportunity by end-user

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • Americas - Market size and forecast 2018-2023
  • EMEA - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Growing use of phototherapy equipment in cancer treatment
  • Increasing importance of promotional activities
  • Growing adoption of phototherapy for avoiding SAD

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors

PART 14: APPENDIX

For more information about this report visit https://www.researchandmarkets.com/research/9dqw2b/global?w=12

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