Market Research Logo

Global Phototherapy Equipment Market 2019-2023

Global Phototherapy Equipment Market 2019-2023

About this market

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. Technavio’s analysts have predicted that the phototherapy equipment market will register a CAGR of more than 5% by 2023.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.

For the detailed list of factors that will drive and challenge the growth of the phototherapy equipment market during the 2019-2023 period, view our report.

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.


PRESS RELEASE

Technavio Announces the Publication of its Research Report - Global Phototherapy Equipment Market 2019-2023

Technavio recognizes the following company as the key player in the global phototherapy equipment market: Atom Medical, General Electric, Natus Medical, Phoenix Medical Systems, and Signify.

Commenting on the report, an analyst from Technavio’s team said: “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.

Companies Mentioned

Atom Medical

General Electric

Natus Medical

Phoenix Medical Systems

Signify

  • Executive summary
  • Scope of the report
  • Market landscape
    • Market ecosystem
      • Table Global healthcare market
      • Table Segments of global healthcare market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by end-user
    • Table End-user - Market share 2018-2023 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Healthcare - Market size and forecast 2018-2023
      • Table Healthcare - Market size and forecast 2018-2023 ($ millions)
      • Table Healthcare - Year-over-year growth 2019-2023 (%)
    • Homecare - Market size and forecast 2018-2023
      • Table Homecare - Market size and forecast 2018-2023 ($ millions)
      • Table Homecare - Year-over-year growth 2019-2023 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • Americas - Market size and forecast 2018-2023
      • Table Americas - Market size and forecast 2018-2023 ($ millions)
      • Table Americas - Year-over-year growth 2019-2023 (%)
    • EMEA - Market size and forecast 2018-2023
      • Table EMEA - Market size and forecast 2018-2023 ($ millions)
      • Table EMEA - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market Trends
    • Growing use of phototherapy equipment in cancer treatment
    • Increasing importance of promotional activities
    • Growing adoption of phototherapy for avoiding SAD
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Atom Medical
      • Table Atom Medical - Vendor overview
      • Table Atom Medical - Product segments
      • Table Atom Medical - Key offerings
    • GENERAL ELECTRIC
      • Table GENERAL ELECTRIC - Vendor overview
      • Table GENERAL ELECTRIC - Business segments
      • Table GENERAL ELECTRIC - Organizational developments
      • Table GENERAL ELECTRIC - Geographic focus
      • Table GENERAL ELECTRIC - Segment focus
      • Table GENERAL ELECTRIC - Key offerings
    • Natus Medical
      • Table Natus Medical - Vendor overview
      • Table Natus Medical - Business segments
      • Table Natus Medical - Organizational developments
      • Table Natus Medical - Geographic focus
      • Table Natus Medical - Segment focus
      • Table Natus Medical - Key offerings
    • Phoenix Medical Systems
      • Table Phoenix Medical Systems - Vendor overview
      • Table Phoenix Medical Systems - Organizational developments
      • Table Phoenix Medical Systems - Key offerings
    • Signify
      • Table Signify - Vendor overview
      • Table Signify - Business segments
      • Table Signify - Organizational developments
      • Table Signify - Geographic focus
      • Table Signify - Segment focus
      • Table Signify - Key offerings
  • Appendix
    • Research methodology
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report