Market Forecast By Types (Conventional Phototherapy Device (Fluorescent Lamps & Compact Fluorescent Lamps), Fiber Optic Phototherapy Device and LED Phototherapy Device), By Applications (Skin Disease Treatment (Psoriasis, Eczema, Vitiligo & Others), Neonatal Jaundice Management, Cancers & Pre-Cancers and Other Diseases), By End Users (Hospitals, Clinics and Homecare), By Countries (United States, Canada and Rest of North America) and Competitive Landscape.
Product Code: ETC000860 | Publication Date: Jun 2023 | Updated Date: May 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
North America Phototherapy Device Market has seen the latest developments which include the usage of phototherapy devices to treat a number of skin diseases in addition to neonatal jaundice. Currently, there is a growing demand for technologically advanced phototherapy equipment which are not only cost-effective but also efficient and offer features that enhance user safety. Conventional compact fluorescent lamps are among the most commonly used phototherapy sources. They require less space, provide higher irradiances, and consume lower power compared to conventional fluorescent lamps. LED-based phototherapy devices are also getting famous, but the negative effects of high-power LEDs are still under study.
Growing neonatal jaundice, and various skin diseases amongst individuals such as eczema, vitiligo and others are leading to an increased demand for phototherapy devices in North America. Moreover, rising concerns among individuals to maintain healthy skin are projected to promote the growth of the North America phototherapy market during the forecast period.
According to 6Wresearch, North America Phototherapy Device market size is anticipated to observe healthy growth projections during 2019-2025. The region has a vast cosmetic industry rolling at a sound pace. Furthermore, the United States has been observed as a major player in the cosmetic industry. The market for phototherapy devices in the country would be further assisted as the cosmetic industry marks progression. On the contrary, various substitutes available in the market to cure skin issues, some of which include antibiotics, substitute surgeries for treatment, and low availability of phototherapy devices may offend the North America phototherapy market growth.
Additionally, the North America region is all set to cherish itself as a beauty bird, by way of various skin care innovations paving way of phototherapy device market in the region. Additionally, various innovations taking place in the cosmetic industry would further support the growth of phototherapy device market over the coming years.
In terms of applications, hospitals accounts for majority of the market share of the overall North America phototherapy device market as a result of rising need for surgical operations related to neonatal jaundice treatment and various skin related complications. Additionally, the United States dominates the North America phototherapy device market as a result of huge investment in biotechnology industry and advancement in technology.
The North America phototherapy device market report thoroughly covers the market by product types, applications, end users and countries including the United States, Canada and rest of North America. The Phototherapy device market outlook report provides an unbiased and detailed analysis of the ongoing North America phototherapy device market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The North America phototherapy device market report provides a detailed analysis of the following market segments:
North America Phototherapy Device Market has seen the latest developments which include the usage of phototherapy devices to treat a number of skin diseases in addition to neonatal jaundice. Currently, there is a growing demand for technologically advanced phototherapy equipment which are not only cost-effective but also efficient and offer features that enhance user safety. Conventional compact fluorescent lamps are among the most commonly used phototherapy sources. They require less space, provide higher irradiances, and consume lower power compared to conventional fluorescent lamps. LED-based phototherapy devices are also getting famous, but the negative effects of high-power LEDs are still under study.
Growing neonatal jaundice, and various skin diseases amongst individuals such as eczema, vitiligo and others are leading to an increased demand for phototherapy devices in North America. Moreover, rising concerns among individuals to maintain healthy skin are projected to promote the growth of the North America phototherapy market during the forecast period.
According to 6Wresearch, North America Phototherapy Device market size is anticipated to observe healthy growth projections during 2019-2025. The region has a vast cosmetic industry rolling at a sound pace. Furthermore, the United States has been observed as a major player in the cosmetic industry. The market for phototherapy devices in the country would be further assisted as the cosmetic industry marks progression. On the contrary, various substitutes available in the market to cure skin issues, some of which include antibiotics, substitute surgeries for treatment, and low availability of phototherapy devices may offend the North America phototherapy market growth.
Additionally, the North America region is all set to cherish itself as a beauty bird, by way of various skin care innovations paving way of phototherapy device market in the region. Additionally, various innovations taking place in the cosmetic industry would further support the growth of phototherapy device market over the coming years.
In terms of applications, hospitals accounts for majority of the market share of the overall North America phototherapy device market as a result of rising need for surgical operations related to neonatal jaundice treatment and various skin related complications. Additionally, the United States dominates the North America phototherapy device market as a result of huge investment in biotechnology industry and advancement in technology.
The North America phototherapy device market report thoroughly covers the market by product types, applications, end users and countries including the United States, Canada and rest of North America. The Phototherapy device market outlook report provides an unbiased and detailed analysis of the ongoing North America phototherapy device market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The North America phototherapy device market report provides a detailed analysis of the following market segments:
North America Phototherapy Device market is expected to register a CAGR of 3.5% over the forecast period (2019-2025). The increasing prevalence of skin related diseases and rising cases of psoriasis can be attributed to the growth of the market.
According to National Psoriasis Foundation, in 2019, around 8 million people are affected by psoriasis in United States alone. This has encouraged several companies operating in dermatology products segment to launch their innovative product for treating psoriatic lesions. In June 2018, Verrica Pharmaceuticals Inc., an American biopharmaceutical company introduced its topical solution called VP-102 which is indicated for treatment of molluscum contagiosum virus lesions in patients aged two years and older with mild or moderate levels. Such initiatives have further led to increased adoption and usage phototherapy devices across North America region thereby driving the market growth
Competitive Landscape:
The North America Phototherapy Device Market is moderately competitive owing to presence of few players competing against each other with their product offerings and business strategies. Some key players operating in this market include Koninklijke Philips N.V., Lumenis Ltd., Solarc Systems Inc., General Medical Merate SPA etc.. Companies are focusing on introducing new technologies such as LED based systems that use lower power consumption but provide higher energy output compared conventional bulbs used for phototherapy treatments thus providing more efficient performance than traditional lamps requiring less time per session as well as low maintenance costs associated with them due which they can penetrate deeper into the medical device industry
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights of The Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. North America Phototherapy Device Market Overview |
3.1 North America Phototherapy Device Market Revenues, 2015-2025F |
3.2 North America Phototherapy Device Market Revenue Share, By Product Types, 2018 & 2025F |
3.3 North America Phototherapy Device Market Revenue Share, By Applications, 2018 & 2025F |
3.4 North America Phototherapy Device Market Revenue Share, By End Users, 2018 & 2025F |
3.5 North America Phototherapy Device Market Revenue Share, By Regions, 2018 & 2025F |
3.6 North America Phototherapy Device Market Industry Life Cycle |
3.7 North America Phototherapy Device Market- Porter’s Five Forces |
4. North America Phototherapy Device Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. North America Phototherapy Device Market Trends |
6. North America Phototherapy Device Market Overview, By Product Types |
6.1 North America Conventional Phototherapy Device Market Revenues, 2015-2025F |
6.1.1 North America Conventional Phototherapy Equipment with Fluorescent Lamp Market Revenues, 2015-2025F |
6.1.2 North America Conventional Phototherapy Equipment with Compact Fluorescent Lamp Market Revenues, 2015-2025F |
6.2 North America LED Phototherapy Device Market Revenues, 2015-2025F |
6.3 North America Fiberoptic Phototherapy Device Market Revenues, 2015-2025F |
7. North America Phototherapy Device Market Overview, By Applications |
7.1 North America Skin Disease Treatment Market Revenues, 2015-2025F |
7.1.1 North America Skin Disease Treatment Market Revenues, By Vitiligo, 2015-2025F |
7.1.2 North America Skin Disease Treatment Market Revenues, By Eczema, 2015-2025F |
7.1.3 North America Skin Disease Treatment Market Revenues, By Psoriasis, 2015-2025F |
7.1.4 North America Skin Disease Treatment Market Revenues, By Others, 2015-2025F |
7.2 North America Neonatal Jaundice Management Market Revenues, 2015-2025F |
7.3 North America Cancer and Pre-cancer Treatment Market Revenues, 2015-2025F |
7.4 North America Other Diseases Treatment Market Revenues, 2015-2025F |
8. North America Phototherapy Device Market Overview, By End-Users |
8.1 North America Phototherapy Device Market Revenues, By Hospitals & Clinics, 2015-2025F |
8.2 North America Phototherapy Device Market Revenues, By Homecare, 2015-2025F |
8.3 North America Phototherapy Device Market Revenues, By Clinics, 2015-2025F |
9. United States Phototherapy Device Market Overview |
9.1 United States Phototherapy Device Market Revenues, 2015-2025F |
9.2 United States Phototherapy Device Market Revenues, By Product Types, 2015-2025F |
9.3 United States Phototherapy Device Market Revenues, By Applications, 2015-2025F |
9.4 United States Phototherapy Device Market Revenues, By End Users, 2015-2025F |
10. Canada Phototherapy Device Market Overview |
10.1 Canada Phototherapy Device Market Revenues, 2015-2025F |
10.2 Canada Phototherapy Device Market Revenues, By Product Types, 2015-2025F |
10.3 Canada Phototherapy Device Market Revenues, By Applications, 2015-2025F |
10.4 Canada Phototherapy Device Market Revenues, By End Users, 2015-2025F |
11. Rest of North America Phototherapy Device Market Overview |
11.1 Rest of North America Phototherapy Device Market Revenues, 2015-2025F |
12. North America Phototherapy Device Market Opportunity Assessment |
12.1 North America Phototherapy Device Market Opportunity Assessment, By Product Types, 2025F |
12.2 North America Phototherapy Device Market Opportunity Assessment, By Applications, 2025F |
12.3 North America Phototherapy Device Market Opportunity Assessment, By End Users, 2025F |
12.4 North America Phototherapy Device Market Opportunity Assessment, By Regions, 2025F |
13. North America Phototherapy Device Market Competitive Landscape |
13.1 North America Phototherapy Device Market Revenue Share, By Companies, 2018 |
13.1.1 United States Phototherapy Device Market Revenue Share, By Companies, 2018 |
13.1.2 Canada Phototherapy Device Market Revenue Share, By Companies, 2018 |
13.2 North America Phototherapy Device Market Competitive Benchmarking, By Operating Parameters |
14. Company Profiles |
15. Strategic Recommendations |
16. Disclaimer |