Phototherapy Equipment Market Represents A CAGR Of 6.3% For The Forecast Period From 2019 To 2026 : Grand View Research Inc.
San Francisco, 2 July 2019: The Report Phototherapy Equipment Market Size, Share & Trends Analysis Report By Product (LED, Conventional), By Application (Neonatal Jaundice, Skin Disease Treatment), By End Use (Homecare), And Segment Forecasts, 2019 – 2026 The global phototherapy equipment market size is expected to reach at USD 845.7 million by 2026 registering a CAGR of 6.3%, according to a new report by Grand View Research, Inc. Rising prevalence of skin diseases across the globe has led to an increased demand for phototherapy equipment. According to healthline data, nearly 150,000 new psoriasis cases develop each year in U.S. Thus, rising cases of psoriasis is expected to boost the demand for these devices in near future. Eczema, one of the severe skin diseases, has also contributed to the market growth. Neonatal jaundice is another disease that requires phototherapy treatment to reduce high bilirubin levels. According to the National Center for Biotechnology Informat