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Global Phototherapy Equipment Market Share, Size, Analysis, Forecast: By Device Type: Conventional Phototherapy Equipment, LED-Based Phototherapy Equipment, Fibreoptic Phototherapy Equipment, Others; By Modality: Full Body Phototherapy Equipment, Others; By Application; By End Use; Regional Analysis; Supplier Landscape; 2024-2032
Global Phototherapy Equipment Market Outlook
The value of the global phototherapy equipment market was USD 574.29 million in 2023, driven by the rising adoption of home-based phototherapy devices and the increasing awareness about the benefits of phototherapy across the globe across the globe. The market is expected to grow at a CAGR of 5.20% during the forecast period of 2024-2032 to reach value of USD 906.30 million by 2032.
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Treatment with phototherapy is helpful for neonatal jaundice therapy. Neonates are subjected to fluorescent light in this therapy, which helps them recover more quickly. However, if jaundice persists for a long time among new-borns, physicians will use phototherapy equipment for treatment. Thus, the growing adoption of phototherapy to treat neonatal jaundice management is expected to drive the phototherapy equipment market.
Market Segmentation
Phototherapy equipment is used for the treatment of conditions like psoriasis and neonatal jaundice through phototherapy.
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The phototherapy equipment market can be divided on the basis of segments like device type, modality, application, and end-use.
The industry can be broadly categorised on the basis of its application into:
- Skin Disease Treatment
- Psoriasis
- Vitiligo
- Eczema
- Others
- Neonatal Jaundice Management
The phototherapy equipment market can be divided on the basis of its device type as conventional phototherapy equipment, LED-based phototherapy equipment, and fibreoptic phototherapy equipment. Based on modality, the industry can be divided into full-body and partial body phototherapy equipment. The industry can be divided on the basis of its end-use as hospitals and clinics and homecare.
The EMR report looks into the regional markets of the product like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific regions.
Market Analysis
There is currently an increasing demand for technologically sophisticated phototherapy equipment that is not only cost-effective but also efficient and provides characteristics that improve user safety. The main factor driving the market growth is the increasing incidences of skin diseases such as psoriasis, eczema, and acne. In the US, as reported by the American Academy of Dermatology, acne impacts almost 50 million individuals each year. It is also expected that the increasing instances of newborns with neonatal jaundice will boost the demand for this machinery in the future. It is also probable that constant technological advances will increase the market growth. For example, a non-profit design company, D-Rev, Design Revolution, implemented LEDs to treat neonatal jaundice.
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Competitive Landscape
The report presents a detailed analysis of the following key players in the global phototherapy equipment market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Philips Lighting Holding B.V.
- General Electric Company
- Natus Medical Inc.
- Waldmann Group
- Nice Neotech Medical Systems Pvt. Ltd.
- Phoenix Medical Systems Pvt. Ltd.
- National Biological Corporation
- Solarc Systems Inc.
- Atom Medical Corporation
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Device Type |
|
| Breakup by Modality |
|
| Breakup by Application |
|
| Breakup by End User |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Supplier Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Phototherapy Equipment Market Overview
3.1 Global Phototherapy Equipment Market Historical Value (2017-2023)
3.2 Global Phototherapy Equipment Market Forecast Value (2024-2032)
4 Global Phototherapy Equipment Market Landscape
4.1 Global Phototherapy Equipment Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Phototherapy Equipment Product Landscape
4.2.1 Analysis by Type of Device Type
4.2.2 Analysis by Technology Modality
4.2.3 Analysis by Applications
4.2.4 Analysis by End User
5 Global Phototherapy Equipment Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Phototherapy Equipment Market Segmentation
6.1 Global Phototherapy Equipment Market by Device Type
6.1.1 Market Overview
6.1.2 Conventional Phototherapy Equipment
6.1.3 LED-Based Phototherapy Equipment
6.1.4 Fibreoptic Phototherapy Equipment
6.2 Global Phototherapy Equipment Market by Modality
6.2.1 Market Overview
6.2.2 Full Body Phototherapy Equipment
6.2.3 Partial Body Phototherapy Equipment
6.3 Global Phototherapy Equipment Market by Application
6.3.1 Market Overview
6.3.2 Skin Disease Treatment
6.3.2.1 Psoriasis
6.3.2.2 Vitiligo
6.3.2.3 Eczema
6.3.2.4 Others
6.3.3 Neonatal Jaundice Management
6.4 Global Phototherapy Equipment Market by End User
6.4.1 Market Overview
6.4.2 Hospitals & Clinics
6.4.3 Home Healthcare
6.4.4 Others
6.5 Global Phototherapy Equipment Market by Region
6.5.1 Market Overview
6.5.2 North America
6.5.3 Europe
6.5.4 Asia Pacific
6.5.5 Latin America
6.5.6 Middle East and Africa
7 North America Phototherapy Equipment Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Phototherapy Equipment Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Phototherapy Equipment Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Phototherapy Equipment Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Phototherapy Equipment Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 Philips Lighting Holding B.V.
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 General Electric Company
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 Natus Medical Inc.
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 Waldmann Group
17.4.1 Financial Analysis
17.4.2 Product Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 Nice Neotech Medical Systems Pvt. Ltd.
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 Phoenix Medical Systems Pvt. Ltd.
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 National Biological Corporation
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 Solarc Systems Inc.
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 Atom Medical Corporation
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 Others
18 Global Phototherapy Equipment Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
Key Questions Answered in the Report
The global phototherapy equipment market is estimated to grow at a CAGR of 5.20% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 906.30 million by 2032.
The major drivers of the market include the growing adoption of phototherapy for the treatment of neonatal jaundice, worldwide increase in the incidences of skin diseases, such as psoriasis, eczema, and acne, among others, and increasing demand for cost-effective, efficient, and technologically sophisticated phototherapy equipment.
The advancements in the medical sector and development of innovative technology such as LED-based phototherapy equipment are expected to be the key trends guiding the growth of the industry.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Conventional phototherapy equipment, LED-based phototherapy equipment, and fibreoptic phototherapy equipment are the major device types of the product in the market.
Full-body and partial body phototherapy equipment are the different modalities of the product in the market.
Skin disease treatment and neonatal jaundice management are the significant applications of the product in the market. The skin disease treatment segment is further divided into psoriasis, vitiligo, and eczema, among others.
Hospitals and clinics and homecare are the major end uses of the product in the market.
The major players in the industry are Philips Lighting Holding B.V., General Electric Company, Natus Medical Incorporated, Waldmann Group, Nice Neotech Medical Systems Pvt. Ltd., Phoenix Medical Systems Pvt. Ltd., Atom Medical Corporation, National Biological Corp., Solarc Systems Inc., Others.
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