SAN FRANCISCO, April 3, 2017 /PRNewswire/ --
The global phototherapy equipment market is expected to reacha value of USD 788.7 million by 2025, according to a new report by Grand View Research, Inc. Rising prevalence of skin diseases has led to huge growth of phototherapy equipment market. According to healthline data, nearly
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Neonatal jaundice is another disease that require phototherapy treatment. This kind of treatment is very common among newborns suffering from jaundice in order to reduce high bilirubin levels. According to National Center for Biotechnology Information (NCBI), around 60% to 80% of healthy newborns are likely to develop neonatal jaundice. Hence, demand for phototherapy equipment is expected to rise with growing prevalence of neonatal jaundice.
Furthermore, technological advancements are continuously rising pertaining to this market. LED-based devices are being highly adopted, which has further accelerated the growth of the market. The LED lights are cheaper as compared to conventional phototherapy equipment and has a long-lasting effect. These lights also have been proved to be very effective for treating neonatal jaundice. Hence, improvement in technology has impacted the growth of the market.
Browse full research report with TOC on "Phototherapy Equipment Market Analysis By Product (Conventional With Fluorescent Lamp And Compact Fluorescent Lamp; LED; Fiberoptic), By Application (Skin Disease Treatment, Neonatal Jaundice), By End-Use, And Segment Forecasts, 2014 - 2025" at: http://www.grandviewresearch.com/industry-analysis/phototherapy-equipment-market
Further key findings from the report suggest:
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Grand View Research has segmented the phototherapy equipment/Instrument market on the basis of product, application, end-use and region:
Read Our Blog: Phototherapy equipment market: Contributing towards change in the treatment pattern of severe skin diseases
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: [email protected]grandviewresearch.com Web: http://www.grandviewresearch.com
SOURCE Grand View Research, Inc.
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