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Phototherapy Equipment - Global Market Trajectory & Analytics

  • ID: 4805754
  • Report
  • April 2021
  • Region: Global
  • 281 pages
  • Global Industry Analysts, Inc
Global Phototherapy Equipment Market to Reach $527.6 Million by 2027

Amid the COVID-19 crisis, the global market for Phototherapy Equipment estimated at US$427.7 Million in the year 2020, is projected to reach a revised size of US$527.6 Million by 2027, growing at a CAGR of 3% over the analysis period 2020-2027. Long lamp, one of the segments analyzed in the report, is projected to record a 2.3% CAGR and reach US$49.6 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the CFL segment is readjusted to a revised 2.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $115.5 Million, While China is Forecast to Grow at 5.6% CAGR

The Phototherapy Equipment market in the U.S. is estimated at US$115.5 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$108.6 Million by the year 2027 trailing a CAGR of 5.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.8% and 2.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.5% CAGR.

LED Segment to Record 3.6% CAGR

In the global LED segment, USA, Canada, Japan, China and Europe will drive the 3.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$138.3 Million in the year 2020 will reach a projected size of US$172.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$72.9 Million by the year 2027, while Latin America will expand at a 4.2% CAGR through the analysis period.

Select Competitors (Total 44 Featured):
  • Atom Medical Corporation
  • GE Healthcare
  • Herbert Waldmann GmbH & Co. KG
  • National Biological Corporation
  • Natus Medical, Inc.
  • Nice Neotech Medical Systems Pvt. Ltd.
  • Philips Lighting NV
  • Phoenix Medical Systems (P) Ltd.
  • The Daavlin Company
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Phototherapy - A Review
  • LED Phototherapy for Neonatal Jaundice
  • Phototherapy Equipment with Fluorescent Lamps
  • Global Phototherapy Equipment Market Set for a Robust Growth
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Rising Incidence of Skin Diseases and Neonatal Jaundice Provides the Cornerstone for Phototherapy Equipment Market
  • Increasing Number of Preterm Births to Drive the Adoption of Phototherapy Equipment
  • Hospitals Account for the Largest Market Share, Home Care to Witness Rapid Growth
  • Technological Innovations Boost the Phototherapy Equipment Market
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 44
Note: Product cover images may vary from those shown
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