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Report
Phototherapy Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-05-29 I 144 Pages I IMARC Group
Market Overview:
The global phototherapy equipment market size reached US$ 865.7 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,153.5 Million by 2028, exhibiting a growth rate (CAGR) of 4.8% during 2023-2028.
Phototherapy refers to a treatment method in which the patient is exposed to outdoor natural or indoor artificial light sources for treating various disorders, including jaundice, psoriasis, and vitiligo. The procedure comprises radiant warmers, oxygen hood, jaundice meter, transcutaneous bilirubin meter, and other fiberoptic phototherapy devices as some of the common tools. They are usually used in conjunction with overhead halogen and light-emitting diode (LED) systems to reduce sun damage to the skin, stretch marks, and wrinkles while enhancing facial texture and promoting wound healing. Currently, there is a growing demand for cost-effective, technologically advanced phototherapy equipment with enhanced user safety.
Phototherapy Equipment Market Trends:
The global phototherapy equipment market is primarily driven by the increasing prevalence of neonatal jaundice and various other dermatological ailments, such as eczema, acne, hives, and rosacea. Phototherapy devices are extensively utilized in procedures for treating bilirubin toxicity and reducing bilirubin serum concentration while significantly reducing the need for frequent blood transfusions. This is further supported by the growing demand for sophisticated advanced phototherapy devices and escalating awareness regarding their easy availability. In line with this, the extensive healthcare expenditure, the rapid development of low-cost product variants, and the rising adoption of home phototherapy for self-treatment of skin diseases are acting as other major growth-inducing factors. Additionally, the introduction of intelligent LED-equipped phototherapy equipment to reduce inflammation, stimulate collagen production, and rejuvenate the skin is contributing to the market growth. Moreover, the extensive utilization of phototherapy for eliminating mild allergic reactions caused by variation in blood composition and infection is propelling the market growth. Other factors, such as significant improvements in the healthcare infrastructure, strategic collaborations amongst key players, and continuous research and development (R&D) activities to introduce enhanced phototherapy equipment and expand their applications, are creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global phototherapy equipment market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, application and end user.
Breakup by Type:
Conventional Phototherapy Equipment
Conventional Phototherapy Equipment with Fluorescent Lamp
Conventional Phototherapy Equipment with Compact Fluorescent Lamp
LED Phototherapy Equipment
Fiberoptic Phototherapy Equipment
Breakup by Application:
Skin Disease Treatment
Psoriasis
Vitiligo
Eczema
Others
Neonatal Jaundice Management
Breakup by End User:
Hospitals and Clinics
Home Users
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Atom Medical Corporation, AVI Healthcare Private Limited, General Electric Company, Herbert Waldmann GmbH & Co. KG, Ibis Medical Equipment & Systems Pvt Ltd, Koninklijke Philips N.V., Narang Medical Limited, National Biological Corporation, Natus Medical Incorporated, Nice Neotech Medical Systems Pvt. Ltd., Phoenix Medical Systems Pvt. Ltd. and Solarc Systems Inc.
Key Questions Answered in This Report:
How has the global phototherapy equipment market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global phototherapy equipment market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global phototherapy equipment market and who are the key players?
What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Phototherapy Equipment Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Conventional Phototherapy Equipment
6.1.1 Market Trends
6.1.2 Key Segments
6.1.2.1 Conventional Phototherapy Equipment with Fluorescent Lamp
6.1.2.2 Conventional Phototherapy Equipment with Compact Fluorescent Lamp
6.1.3 Market Forecast
6.2 LED Phototherapy Equipment
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Fiberoptic Phototherapy Equipment
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Application
7.1 Skin Disease Treatment
7.1.1 Market Trends
7.1.2 Key Segments
7.1.2.1 Psoriasis
7.1.2.2 Vitiligo
7.1.2.3 Eczema
7.1.2.4 Others
7.1.3 Market Forecast
7.2 Neonatal Jaundice Management
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by End User
8.1 Hospitals and Clinics
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Home Users
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Atom Medical Corporation
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 AVI Healthcare Private Limited
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 General Electric Company
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Herbert Waldmann GmbH & Co. KG
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Ibis Medical Equipment & Systems Pvt Ltd
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Koninklijke Philips N.V.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Narang Medical Limited
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 National Biological Corporation
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Natus Medical Incorporated
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Nice Neotech Medical Systems Pvt. Ltd.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 Phoenix Medical Systems Pvt. Ltd.
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 Solarc Systems Inc.
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
Figure 1: Global: Phototherapy Equipment Market: Major Drivers and Challenges
Figure 2: Global: Phototherapy Equipment Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 4: Global: Phototherapy Equipment Market: Breakup by Type (in %), 2022
Figure 5: Global: Phototherapy Equipment Market: Breakup by Application (in %), 2022
Figure 6: Global: Phototherapy Equipment Market: Breakup by End User (in %), 2022
Figure 7: Global: Phototherapy Equipment Market: Breakup by Region (in %), 2022
Figure 8: Global: Phototherapy Equipment (Conventional Phototherapy Equipment) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Phototherapy Equipment (Conventional Phototherapy Equipment) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Phototherapy Equipment (LED Phototherapy Equipment) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Phototherapy Equipment (LED Phototherapy Equipment) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Phototherapy Equipment (Fiberoptic Phototherapy Equipment) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Phototherapy Equipment (Fiberoptic Phototherapy Equipment) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Phototherapy Equipment (Skin Disease Treatment) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Phototherapy Equipment (Skin Disease Treatment) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Phototherapy Equipment (Neonatal Jaundice Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Phototherapy Equipment (Neonatal Jaundice Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Phototherapy Equipment (Hospitals and Clinics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Phototherapy Equipment (Hospitals and Clinics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Phototherapy Equipment (Home Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Phototherapy Equipment (Home Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: North America: Phototherapy Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: North America: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: United States: Phototherapy Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: United States: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Canada: Phototherapy Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Canada: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Asia-Pacific: Phototherapy Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Asia-Pacific: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: China: Phototherapy Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: China: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Japan: Phototherapy Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Japan: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: India: Phototherapy Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: India: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: South Korea: Phototherapy Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: South Korea: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Australia: Phototherapy Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Australia: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Indonesia: Phototherapy Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Indonesia: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Others: Phototherapy Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Others: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Europe: Phototherapy Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Europe: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Germany: Phototherapy Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Germany: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: France: Phototherapy Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: France: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: United Kingdom: Phototherapy Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: United Kingdom: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Italy: Phototherapy Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Italy: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Spain: Phototherapy Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Spain: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Russia: Phototherapy Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Russia: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Others: Phototherapy Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Others: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Latin America: Phototherapy Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Latin America: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Brazil: Phototherapy Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Brazil: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Mexico: Phototherapy Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Mexico: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Others: Phototherapy Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Others: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Middle East and Africa: Phototherapy Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Middle East and Africa: Phototherapy Equipment Market: Breakup by Country (in %), 2022
Figure 70: Middle East and Africa: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Global: Phototherapy Equipment Industry: SWOT Analysis
Figure 72: Global: Phototherapy Equipment Industry: Value Chain Analysis
Figure 73: Global: Phototherapy Equipment Industry: Porter's Five Forces Analysis
Table 1: Global: Phototherapy Equipment Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Phototherapy Equipment Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Phototherapy Equipment Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Phototherapy Equipment Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 5: Global: Phototherapy Equipment Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Phototherapy Equipment Market: Competitive Structure
Table 7: Global: Phototherapy Equipment Market: Key Players
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