Global Light-Emitting Diode (LED) Phototherapy System Market, By Product Type (Tabletop Type, On Casters Type and Other), Application (Skin Aging, Skin Dark Spots and Skin Acne) and Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of the Middle East & Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Light-Emitting Diode (LED) Phototherapy System Market
The light-emitting diode (LED) phototherapy system market is expected to witness market growth at a rate of 3.78% in the forecast period of 2021 to 2028 and is expected to reach USD 182.44 million by 2028. Data Bridge Market Research report on light-emitting diode (LED) phototherapy system market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the alertness related to the advanced phototherapy is escalating the growth of light-emitting diode (LED) phototherapy system market.
Phototherapy is known to be the process of utilizing light to treat several skin disorders like vitiligo, psoriasis, amongst others. Light-emitting diode (LED) phototherapy units are created by integrating light-emitting diodes bulbs, which provide high irradiance at lower cost and less heat production, prolonged life span, and offer narrow spectrum wavelength.
Major factors that are expected to boost the growth of the light-emitting diode (LED) phototherapy system market in the forecast period are the increase in the number of neonatal jaundice cases. Furthermore, the growing cases of preterm and low-weight births are further anticipated to propel the light-emitting diode (LED) phototherapy system market. Moreover, the growing incidence of skin diseases is further estimated to cushion the growth of the light-emitting diode (LED) phototherapy system market. On the other hand, the increase in the utilization of substitute modes of treatment and the stringent FDA regulatory policies for the approval of new devices is further projected to impede the growth of the light-emitting diode (LED) phototherapy system market in the timeline period.
In addition, the enhancement in healthcare infrastructure, swift advancement of low-cost phototherapy equipment and growing demand for LED technology will further provide potential opportunities for the growth of the light-emitting diode (LED) phototherapy system market in the coming years. However, the inadequate acceptance of phototherapy equipment in the advancing nations might further challenge the growth of the light-emitting diode (LED) phototherapy system market in the near future.
This light-emitting diode (LED) phototherapy system market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the light-emitting diode (LED) phototherapy system market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Global Light-Emitting Diode (LED) Phototherapy System Market Scope and Market Size
The light-emitting diode (LED) phototherapy system market is segmented on the basis of product type and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them in making strategic decisions for the identification of core market applications.
- On the basis of product type, the light-emitting diode (LED) phototherapy system market is segmented into tabletop type, on casters type and other.
- On the basis of application, the light-emitting diode (LED) phototherapy system market is segmented into skin aging, skin dark spots and skin acne.
Light-Emitting Diode (LED) Phototherapy System Market Country Level Analysis
The light-emitting diode (LED) phototherapy system market is analyzed, and market size insights and trends are provided by country, product type and application as referenced above.
The countries covered in the light-emitting diode (LED) phototherapy system market report are the U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the light-emitting diode (LED) phototherapy system market due to the rise in the acceptance rate for technologically advanced skincare treatment devices. Furthermore, the North American Association for Photobiomodulation Therapy (NAALT) intends to indorse phototherapy as an effective treatment through public awareness campaigns and organization of conferences for the physicians which will further boost the growth of the light-emitting diode (LED) phototherapy system market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of growth in the light-emitting diode (LED) phototherapy system market due to the increase in the awareness related to the advanced phototherapy. Moreover, the advancing healthcare infrastructure is further anticipated to propel the growth of the region's light-emitting diode (LED) phototherapy system market in the coming years.
The country section of the light-emitting diode (LED) phototherapy system market report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as consumption volumes, production sites, and volumes, import-export analysis, price trend analysis, cost of raw materials, downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Healthcare infrastructure growth installed base and new technology penetration
The light-emitting diode (LED) phototherapy system market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the light-emitting diode (LED) phototherapy system market, the impact of technology using lifeline curves, and changes in healthcare regulatory scenarios and their impact on the light-emitting diode (LED) phototherapy system market. The data is available for the historic period 2010-2019.
Competitive Landscape and Light-Emitting Diode (LED) Phototherapy System Market Share Analysis
The light-emitting diode (LED) phototherapy system market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points are only related to the companies’ focus on the light-emitting diode (LED) phototherapy system market.
The major players covered in the light-emitting diode (LED) phototherapy system market report are General Electric Company, Dermalux LED, Sincery International, Clairderm Medical Aesthetics., LUTRONIC, Natus Medical Incorporated., Bio-Therapeutic., SHODS Laser Technology Co., Ltd, Inspiration Healthcare Group plc, Drägerwerk AG & Co. KGaA, Kernel Medical Equipment Co.,LTD., Olives India, Healicom Medical Equipment Co Ltd., avihealthcare, Krupa Medi Scan, Narang Medical Limited, Anandic, Signify Holding, Phoenix Medical Systems (P) Ltd and National Biological Corporation among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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