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Report
Global Phototherapy Equipment Market Report and Forecast 2023-2031
Market Report I 2023-04-27 I 140 Pages I EMR Inc.
Global Phototherapy Equipment Market Report and Forecast 2023-2031
Global Phototherapy Equipment Market Outlook
The value of the global phototherapy equipment market was USD 545.90 million in 2022, 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 2023-2031 to reach value of USD 863.84 million by 2031.
Phototherapy Equipment: Introduction
Phototherapy equipment is a medical device used to treat skin conditions like jaundice, eczema, psoriasis, and vitiligo. It utilizes light radiation for treating the skin, either by emitting ultraviolet light or narrowband UVB light, which can penetrate the skin's surface and help in skin cell regeneration.
Phototherapy equipment is available in various forms such as handheld devices, full-body light boxes, targeted area light panels, and wall-mounted units. These devices are commonly used in hospitals, clinics, and at home for the treatment of skin disorders.
The global phototherapy equipment market is driven by an increase in the prevalence of skin disorders, rising awareness among people about skin treatments, and technological advancements in phototherapy equipment.
Phototherapy Equipment: Application and Uses
Phototherapy is a medical treatment that involves exposure to specific wavelengths of light to treat various skin disorders, jaundice, and some other medical conditions. Phototherapy equipment includes a range of devices that emit light in different wavelengths and intensities, depending on the condition being treated. Here are some applications and uses of phototherapy equipment:
- Treatment of skin disorders: Phototherapy equipment is used to treat various skin disorders such as psoriasis, eczema, vitiligo, and acne. The UV light emitted by the equipment helps to reduce inflammation and irritation and promote healing of the skin.
- Treatment of jaundice: Newborn babies with jaundice are often treated with phototherapy. The blue light emitted by the phototherapy equipment helps to break down the excess bilirubin in the baby's blood, which is causing the jaundice.
- Treatment of Seasonal Affective Disorder (SAD): Phototherapy equipment is used to treat Seasonal Affective Disorder, a type of depression that is caused by reduced exposure to sunlight during the winter months. The bright light emitted by the equipment helps to stimulate the brain and reduce the symptoms of depression.
- Treatment of sleep disorders: Phototherapy equipment is used to treat sleep disorders such as insomnia and circadian rhythm disorders. The bright light emitted by the equipment helps to reset the body's natural sleep-wake cycle and promote better sleep.
- Treatment of cancer: Phototherapy equipment is used in cancer treatment to activate light-sensitive drugs that are used to destroy cancer cells. This is known as photodynamic therapy and is used to treat skin cancer, lung cancer, and some other types of cancer.
Overall, phototherapy equipment is a versatile medical treatment that can be used to treat a range of medical conditions.
Global Phototherapy Equipment Market Segmentations
Market Breakup by Device Type
- Conventional Phototherapy Equipment
- LED-Based Phototherapy Equipment
- Fibreoptic Phototherapy Equipment
Market Breakup by Modality
- Full Body Phototherapy Equipment
- Partial Body Phototherapy Equipment
Market Breakup by Application
- Skin Disease Treatment
- Psoriasis
- Vitiligo
- Eczema
- Others
- Neonatal Jaundice Management
Market Breakup by End User
- Hospitals and Clinics
- Home Healthcare
- Others
Market Breakup by Region
North America
- United States of America
- Canada
Europe
- United Kingdom
- Germany
- France
- Italy
- Others
Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
Latin America
- Brazil
- Argentina
- Mexico
- Others
Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Global Phototherapy Equipment Market Scenario
The growing prevalence of skin diseases such as psoriasis, eczema, and vitiligo is expected to drive the demand for phototherapy equipment. Additionally, the rising adoption of home-based phototherapy devices and the increasing awareness about the benefits of phototherapy are also contributing to the growth of the market.
Geographically, North America dominated the phototherapy equipment market in 2022, followed by Europe and the Asia Pacific. The presence of well-established healthcare infrastructure, increasing incidence of skin disorders, and the growing adoption of advanced treatment options are some of the factors contributing to the growth of the phototherapy equipment market in North America.
Key Players in the Global Phototherapy Equipment Market
The report gives an in-depth analysis of the key players involved in the global phototherapy equipment market. The companies included in the market are as follows:
- Philips Lighting Holding Ag (Signify Holding)
- GE Healthcare
- Natus Medical Incorporated
- Hebert Waldman Gmbh & Co. Kg
- Nice Neotech Medical Systems Pvt. Ltd
- Atom Medical Corporation
- Phoenic Medical Systems Pvt. Ltd.
- National Biological Corp.
- Solarc Systems, Inc.
- The Daavlin Company
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 (2016-2022)
3.2 Global Phototherapy Equipment Market Forecast Value (2023-2031)
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 AG (SIGNIFY HOLDING)
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 GE HEALTHCARE
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 INCORPORATED
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 HEBERT WALDMAN GMBH & CO. KG
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 ATOM MEDICAL CORPORATION
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 PHOENIC MEDICAL SYSTEMS PVT. LTD.
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 NATIONAL BIOLOGICAL CORP.
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 SOLARC SYSTEMS, INC.
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 THE DAAVLIN COMPANY
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
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
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