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Global Phototherapy Equipment Market: By Device Type: Conventional Phototherapy Equipment, LED-Based Phototherapy Equipment, Others; By Modality; By Application; By End Use; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments
Global Phototherapy Equipment Market Outlook
The global phototherapy equipment market is anticipated to achieve USD 675.9 million by 2026, increasing in the forecast period of 2021 to 2026 at a CAGR of 5.2%.
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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.
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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.
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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Device Type, Modality, Application, End Use, Region |
| Breakup by Device Type | Conventional Phototherapy Equipment, LED-Based Phototherapy Equipment, Fiberoptic Phototherapy Equipment |
| Breakup by Modality | Full Body Phototherapy Equipment, Partial Body Phototherapy Equipment |
| Breakup by Application | Skin Disease Treatment, Neonatal Jaundice Management |
| Breakup by End Use | Hospitals & Clinics, Homecare |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | 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 |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Phototherapy Equipment Market Analysis
8.1 Key Industry Highlights
8.2 Global Phototherapy Equipment Historical Market (2018-2022)
8.3 Global Phototherapy Equipment Market Forecast (2023-2028)
8.4 Global Phototherapy Equipment Market by Device Type
8.4.1 Conventional Phototherapy Equipment
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 LED-Based Phototherapy Equipment
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Fiberoptic Phototherapy Equipment
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Phototherapy Equipment Market by Modality
8.5.1 Full Body Phototherapy Equipment
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Partial Body Phototherapy Equipment
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Phototherapy Equipment Market by Application
8.6.1 Skin Disease Treatment
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.1.4 Breakup by Type
8.6.1.4.1 Psoriasis
8.6.1.4.2 Vitiligo
8.6.1.4.3 Eczema
8.6.1.4.4 Others
8.6.2 Neonatal Jaundice Management
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.7 Global Phototherapy Equipment Market by End Use
8.7.1 Hospitals and Clinics
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Homecare
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.8 Global Phototherapy Equipment Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Philips Lighting Holding B.V.
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 General Electric Company (GE Healthcare)
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Natus Medical Inc.
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Waldmann Group
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Nice Neotech Medical Systems Pvt. Ltd.
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Phoenix Medical Systems Pvt. Ltd.
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 National Biological Corporation
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications
12.2.8 Solarc Systems Inc.
12.2.8.1 Company Overview
12.2.8.2 Product Portfolio
12.2.8.3 Demographic Reach and Achievements
12.2.8.4 Certifications
12.2.9 Atom Medical Corporation
12.2.9.1 Company Overview
12.2.9.2 Product Portfolio
12.2.9.3 Demographic Reach and Achievements
12.2.9.4 Certifications
12.2.10 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Phototherapy Equipment Market: Key Industry Highlights, 2018 and 2028
2. Global Phototherapy Equipment Historical Market: Breakup by Device Type (USD Million), 2018-2022
3. Global Phototherapy Equipment Market Forecast: Breakup by Device Type (USD Million), 2023-2028
4. Global Phototherapy Equipment Historical Market: Breakup by Modality (USD Million), 2018-2022
5. Global Phototherapy Equipment Market Forecast: Breakup by Modality (USD Million), 2023-2028
6. Global Phototherapy Equipment Historical Market: Breakup by Application (USD Million), 2018-2022
7. Global Phototherapy Equipment Market Forecast: Breakup by Application (USD Million), 2023-2028
8. Global Phototherapy Equipment Historical Market: Breakup by End Use (USD Million), 2018-2022
9. Global Phototherapy Equipment Market Forecast: Breakup by End Use (USD Million), 2023-2028
10. Global Phototherapy Equipment Historical Market: Breakup by Region (USD Million), 2018-2022
11. Global Phototherapy Equipment Market Forecast: Breakup by Region (USD Million), 2023-2028
12. North America Phototherapy Equipment Historical Market: Breakup by Country (USD Million), 2018-2022
13. North America Phototherapy Equipment Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Europe Phototherapy Equipment Historical Market: Breakup by Country (USD Million), 2018-2022
15. Europe Phototherapy Equipment Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Asia Pacific Phototherapy Equipment Historical Market: Breakup by Country (USD Million), 2018-2022
17. Asia Pacific Phototherapy Equipment Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Latin America Phototherapy Equipment Historical Market: Breakup by Country (USD Million), 2018-2022
19. Latin America Phototherapy Equipment Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Middle East and Africa Phototherapy Equipment Historical Market: Breakup by Country (USD Million), 2018-2022
21. Middle East and Africa Phototherapy Equipment Market Forecast: Breakup by Country (USD Million), 2023-2028
22. Global Phototherapy Equipment Market Structure
Key Questions Answered in the Report
The global phototherapy equipment market is estimated to grow at a CAGR of 5.2% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 675.9 million by 2026.
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.
Analyst Review
The global phototherapy equipment market is being driven by the rising prevalence of neonatal jaundice and increasing demand for cost-effective and efficient phototherapy equipment. Aided by the growing technological advancements, the market is further anticipated to grow at a CAGR of 5.2% in the forecast period of 2023-2028 to reach a value of USD 675.9 million by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on device type, the market is divided into conventional phototherapy equipment, LED-based phototherapy equipment, and fibreoptic phototherapy equipment. Based on modality, the market is divided into full-body and partial body phototherapy equipment. On the basis of application, the market is divided into skin disease treatment and neonatal jaundice management, wherein the skin disease treatment segment is further divided into psoriasis, vitiligo, and eczema, among others. Meanwhile, on the basis of end use, the market is segmented into hospitals and clinics and homecare. The major regional markets for phototherapy equipment are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include 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.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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