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106 pages, November 2018
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. 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.
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. 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.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
