Fiberoptic Phototherapy Equipment Market
Global fiberoptic phototherapy equipment market is expected register a substantial CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the high volume of incidences associated with skin diseases and other disorders.
This report gives sufficient data to determine the appropriate approach to the current and approaching proceeding in the market. It offers its readers the ongoing and forthcoming trends along with the drivers, restraints, and opportunities of the industry. The key regions such as North America, Asia Pacific, Europe, Latin and Middle East & Africa are taken into consideration for the research study.
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Market Definition: Global Fiberoptic Phototherapy Equipment Market
Fiberoptic phototherapy equipment is medical devices designed to delivery phototherapy therapeutics. These devices are installed with a light source consisting of a quartz halogen bulb majorly, although they are less effective in treatment as compared to LED phototherapy. Light from these sources are transported through a fiberoptic bundle which is emitted to a woven optic fiber pad. This pad is used for delivering the overall treatment.
Key Market Competitors:
Few of the major competitors currently working in the global fiberoptic phototherapy equipment market are Signify Holding,H. Waldmann GmbH & Co. KG,National Biological,Solarc Systems,The Daavlin Company,Neomedlight; Aeroflow,Drgerwerk AG & Co. KGaA; GENERAL ELECTRIC COMPANY; nice Neotech Medical Systems Pvt. Ltd. and Ibis Medical among others.
Market Drivers
Innovations and advancements in technologies provided by various manufacturers; this factor is expected to fuel the growth of the market
High cases of infants suffering from jaundice and pre-term births resulting in greater adoption of non-invasive phototherapy equipment
One of the major benefits associated with fiberoptic phototherapy equipment is the chances of enhanced heating is reduced in the cases of infants; this factor is expected to boost the growth of the market
Market Restraints
Availability of alternative methods of treatment and modes; this factor is expected to restrict the adoption of these devices in the market
Concerns regarding maintenance and handling of these equipments as optic fibers are prone to breakage; this factor is expected to restrict the growth of the market
Noise irradiating from the light source is expected to hinder the growth of the market
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Segmentation: Global Fiberoptic Phototherapy Equipment Market
By Application
Skin Disease Treatment
Psoriasis
Vitiligo
Eczema
Others
Neonatal Jaundice Management
By Modality
Full Body Phototherapy
Partial Body Phototherapy
By End-Use
Hospitals & Clinics
Homecare
By Geography
North America
Europe
Asia-Pacific
South America
Middle East and Africa
Key Development in the Market:
In March 2017, Central Medical Supplies Ltd announced that they had been chosen as the sole distributor for Neomedlight’s innovative “BiliCocoon” phototherapy solution designed for treatment of jaundice in newborn babies. This innovative phototherapy system provides more closure between the infant and the baby which is revolutionary as compared to other phototherapy systems available in the market which require both to be
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Reasons to Purchase this Report
Current and future of global fiberoptic phototherapy equipment market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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