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Phototherapy Market Key Enhancement, Growth Factors Analysis, Product Overview and Share Forecasted to 2027

Phototherapy is a type of treatment that involves exposure to fluorescent light bulbs or other sources of light such as halogen lights, sunlight and light emitting diodes or LED lights in order to treat certain medical conditions.

KiranGaikwad
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Phototherapy Market Key Enhancement, Growth Factors Analysis, Product Overview and Share Forecasted to 2027

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  1. Phototherapy Market To Reach USD 717.3 Million By 2026

  2. Market Summary: The continuous rise in incidences of neonatal jaundice in both developed and developing markets, rising number of people suffering from skin diseases, frequent launch of technologically advanced products, and rising adoption of LED-based phototherapy equipment are the key factors responsible for the high CAGR in the forecasted period.Market Size – USD 500.1 Million in 2018, Market Growth - CAGR of 4.6%, Market Trends – heavy investments for research and development to explore newer sectors for application and launch of products that are technologically advanced. According to the current analysis of Reports and Data, the global Phototherapy market was valued at USD 500.1 Million in 2018 and is expected to reach USD 717.3 Million by year 2026, at a CAGR of 4.6%. The study covers the genre of healthcare with special focus on the Phototherapy market. Further key findings from the report suggest • Application of phototherapy for cancers and pre-cancers is seen to be the fastest growing segment and is expected to continue growing at a CAGR of 6.1%. • At present, LED is the fastest growing device type with a CAGR of 5.1% due to its versatility of application. The discovery of use of LED for the treatment of neonatal jaundice among infants, has spiraled its demand over the years. • The sector continues to grow at a CAGR of 4.3%. Europe follows North America holding a market share of around 31.2%. www.reportsanddata.com

  3. Key participants : Wellton Healthcare, GE healthcare, Phoenix Medical Systems, Nice Neotech Medical Services Pvt. Ltd., National Biological Corp. and Atom Medical Corporation Segmentation: • Therapy Type (Revenue, USD Million; 2016–2026), Ultraviolet B (UVB), Psoralen UV A (PUVA) • Disease Type (Revenue, USD Million; 2016–2026), Skin Disease:, Psoriasis, Eczema, Vitiligo, Acne, Other, Mood and Sleep Disorders, Cancers and Pre-cancers, Neonatal Jaundice, Other Diseases • End Use (Revenue, USD Million; 2016–2026), Home, Hospitals, Clinics • Device Type (Revenue, USD Million: 2016-2026), CFL, Lamps, LED www.reportsanddata.com

  4. Regional Outlook for Phototherapy Market analyzes the following geographies • North America (United States, Canada, and Mexico) • Europe (Germany, France, UK, Russia, and Italy) • Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) • South America (Brazil, Argentina, Colombia, etc.) • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa www.reportsanddata.com

  5. The report emphasizes the following key questions: • Q.1. What are the most lucrative and promising growth prospects for the market? • Q.2. Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement? • Q.3. Which geographies are estimated to exhibit the highest growth and the underlying causes? • Q.4. Which factors are impacting the future of the market and what are the driving factors? • Q.5. What are the hurdles and challenges curtailing the industry’s growth in the forecast period? www.reportsanddata.com

  6. About Us: Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Contact Us: John Watson Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com

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