Phototherapy Equipment Market Area And Industry Forecasts Till, 2014 - 2024.

North America held the largest market share in 2016. This is due to the increasing number of acne disorders and people being more concerned about their esthetics in country like the U.S. Adoption of highly advanced devices is also expected to boost this regional segment growth.

Asia Pacific is projected to showcase attractive CAGR over the forecast period owing to the high prevalence of skin disease such as eczema and psoriasis among the Indian population. Moreover, increasing awareness in developing countries regarding advanced skin care treatments is further projected to boost the market growth.

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Competitive Insights

Some of the key players of the market comprise Nice Neotech Medical Systems Pvt. Ltd.; GE Healthcare; Natus Medical Incorporated; Philips Lighting Holding B.V.; Solarc Systems Inc.; Atom Medical Corporation; Phoenix Medical Systems Pvt. Ltd.; and National Biological Corp.

In order to fulfil the unmet needs of the target population, the major companies are undertaking regional expansion, development of new products and mergers & acquisitions. For instance, in 2015, Brilliance Pro was launched by Phoenix Market Systems. It SmartTilt feature provides consistent intensity across a baby’s skin, suffering from jaundice regardless of the angle at which the light head is oriented.

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