FACT.MR has been actively involved in offering comprehensive research data concerning various topics which are associated to industrial reference and investor utility. This particular research report titled “Phototherapy Devices Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022” has been added to the wide online database of FACT.MR which discusses the present as well as future market scenario. Readers can access knowledge related to market volume, regional expanse as well as competitive landscape prevailing in the global phototherapy devices market. In order to study development patterns, this smart assessment also focuses on market dynamics, which talks about drivers, restraints and opportunities estimated to influence the concerned market during the period until 2017 to 2022.
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Following notes form Fact.MR’s report on global market for phototherapy devices will be instrumental for market’s future prospects
1- Among regions, the market in North America is expected to stay highly lucrative over the next five years. The region’s market is expected to increase at a steady CAGR over 2022. During the same time, the markets in Europe and Asia-Pacific excluding Japan (APEJ) are also expected to witness a considerable growth.
2- Based on product type, conventional phototherapy will continue to witness robust adoption in 2017 and beyond. In terms of revenue, the conventional phototherapy devices segments currently holds around 55% share of the market and is expected to remain dominant during the forecast period.
3- On the basis of end-use, adoption of phototherapy devices is projected to remain relatively high in hospitals. Currently, this segment command for over 60% revenue share of the market. By the 2022-end, over US$ 395 Mn worth phototherapy devices are likely to be sold globally only for hospital use.
4- By light type, the white light segment is expected to reach valuation of around US$ 281 Mn by 2022-end. This segments is projected to represent a CAGR of 4.7% during the assessment period. Currently, this segment accounts for around largest revenue share of the market.
Competition Tracking
Medela AG, Natus Medical Incorporated, ALFAMEDIC S.R.O., Nice Neotech Medical Systems Pvt. Ltd., Herbert Waldmann GmbH & Co. KG, The Daavlin Company, Heal Force Bio-Meditech Holdings Limited, Drägerwerk AG & Co. KGaA, General Electric Company, Hill-Rom, Medisana AG, Natus Medical Incorporated, Solarc Systems Inc., National Biological Corp., NINGBO DAVID MEDICAL DEVICE CO., LTD., Schulze & Böhm GmbH, Guangzhou Beautylife Electronic Technology co.,Ltd., Philips Lighting Holding B.V., DIXION and Phoenix Medical Systems Pvt. Ltd. are among the key companies partaking in the growth of global phototherapy devices market through 2022.
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