Phototherapy Equipment Market: Global Market Size, Dynamics, Regional Share, Trends, Competitor Analysis 2017 to 2021 and Forecast 2022 to 2028

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Phototherapy Equipment Market by Product Type (Fluorescent Lamps, Compact Fluorescent Lamps, Fiberoptic Phototherapy Equipment, LED Phototherapy Equipment, and Conventional Phototherapy Equipment), By Application (Neonatal Jaundice, Vitiligo, Eczema, Skin Diseases, Others), By End-User (Hospitals, Clinics, and Others), and Geography

 

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Report

Description

Phototherapy Equipment Market size was valued at US$ 720 Million in 2021 and is projected to reach US$ 1134 Million by 2028 at a CAGR of 6.7% during the forecast period 2022 to 2028. Phototherapy Equipment Market report gives a comprehensive outlook across the globe with special emphasis on key regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa (MEA). This report on global market gives historical, current, and future market sizes (US$ Mn) of device type, application, end-user and geographic regions. This report studies market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the market report includes regulatory scenario and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed the market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the report include suppliers, manufacturers, marketers, policymakers engaged in manufacturing and supply. Phototherapy or light therapy involves exposing the skin to ultraviolet light on a regular basis and under medical supervision. The UV part of the radiation emitted by the sun that is used in phototherapy, especially the ultraviolet B (UVB) and ultraviolet A (UVA) wavelengths. Using phototherapy, exposure of specific wavelengths of light using polychromatic polarized light, fluorescent lamps, and lasers is used for the treatment.

Phototherapy Equipment Market

MARKET SUMMARY
-
6.7%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR–6.7%
  • Largest Market– North America
  • Fastest Growing Market– Europe

Phototherapy Equipment Market Analysis

  • In the global phototherapy equipment market, Philips Healthcare is a major player. To strengthen its position in the worldwide market, the company uses both organic (new product releases) and inorganic (collaborations) growth techniques.
  • The company offers a wide range of phototherapy equipment and has a presence in over 100 countries, both developed and developing. This helps the corporation distribute its products more effectively and respond to local client preferences.
  • Along with a large number of raw material suppliers and product distributors, the company has a well-established supply chain network. This reduces the company’s reliance on a single raw material source or product dealer/distributor.
Market Leaders
  • Atom Medical Corporation (Japan)
  • National Biological Corp. (U.S.)
  • Solarc Systems Inc. (Canada)
  • GE Healthcare (U.K.)
  • Philips Lighting Holding B.V. (Netherlands
  • Natus Medical Incorporated (U.S.)
  • Phoenix Medical Systems Pvt. Ltd. (India)
  • Herbert Waldmann GmbH & Co. KG (Germany)
Phototherapy Equipment Market

DRIVERS AND RESTRAINTS

Increase in the prevalence of neonatal jaundice and growing number of the preterm birth are the key factors attributed for the growth of the phototherapy equipment market. According to the National Center for Biotechnology Information (NCBI), around 13 million babies are affected with jaundice all across the globe. The increasing incidence of the psoriasis is aiding the growth of the phototherapy equipment market. According to the International Federation of Psoriasis Associations (IFPA), around 150,000 new cases are reported in the U.S every year and 3% of people are affected by some form of psoriasis around the world. The treatment of these skin disorders requires phototherapy, which is expected to boost the growth of the market. However, the high cost of the equipment may hinder the growth of the phototherapy equipment market.


Phototherapy Equipment Market Regional Analysis

North America dominates the market

North America phototherapy equipment market to keep top spot in the global phototherapy equipment market. The rising awareness among the people regarding the modern treatment procedures for treating skin-related disorders is enhancing the growth of the phototherapy equipment market. For instance, according to the American Academy of Dermatology acne is the most common skin condition in the U.S., affecting around 50 million people in the country each year. Europe and Asia Pacific phototherapy equipment marketis expected to grow exponentially over the forecast period.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

FEATURES OF THE REPORT

  • The report provides granular level information about the market size, regional market share, historic market (2015-2020) and forecast (2021-2027)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Phototherapy Equipment Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content

1. Executive Summary
2. Global Phototherapy Equipment Market Introduction
2.1. Global Phototherapy Equipment Market – Taxonomy
2.2. Global Phototherapy Equipment Market –Definitions
2.2.1. Product
2.2.2. Application
2.2.3. End User
2.2.4. Region
3. Global Phototherapy Equipment Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Phototherapy Equipment Market Dynamic Factors – Impact Analysis
3.6. Impact of COVID 19 on The Market
3.7. Three Forecast Scenarios – Pessimistic, Conservative and Opportunistic
3.8. Mapping Market Players Activities
3.9. Recent Key Developments
3.10. Financial Status of the Market Players
3.11. Recent Acquisitions, Collaborations and Mergers
4. Global Phototherapy Equipment Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Phototherapy Equipment Market Forecast, By Product Type, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
5.1. Conventional Phototherapy Equipment (CPE)
5.1.1. CPE With Fluorescent Lamp
5.1.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
5.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.1.3. Market Opportunity Analysis
5.1.2. CPE with Compact Fluorescent Lamp
5.1.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
5.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.2.3. Market Opportunity Analysis
5.2. LED Phototherapy Equipment
5.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Fiber Optic Phototherapy Equipment
5.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
6. Global Phototherapy Equipment Market Forecast, By Application, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
6.1. Skin Disease Treatment
6.1.1. Psoriasis
6.1.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
6.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.1.3. Market Opportunity Analysis
6.1.2. Vitiligo
6.1.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
6.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.2.3. Market Opportunity Analysis
6.1.3. Eczema
6.1.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
6.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3.3. Market Opportunity Analysis
6.1.4. Others
6.1.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
6.1.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.4.3. Market Opportunity Analysis
6.2. Neonatal Jaundice Management
6.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
7. Global Phototherapy Equipment Market Forecast, By End User, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
7.1. Hospitals & Clinics
7.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Home Care
7.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
8. Global Phototherapy Equipment Market Forecast, By Region, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
8.1. North America
8.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Europe
8.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Asia-Pacific
8.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Latin America
8.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa
8.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Global Phototherapy Equipment Market – Opportunity Analysis Index, By Product, Application, End User, and Region, 2022 – 2028
9. North America Phototherapy Equipment Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
9.1. Product Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
9.1.1. Conventional Phototherapy Equipment (CPE)
9.1.1.1. CPE With Fluorescent Lamp
9.1.1.2. CPE With Compact Fluorescent Lamp
9.1.2. LED Phototherapy Equipment
9.1.3. Fiber Optic Phototherapy Equipment
9.2. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
9.2.1. Skin Disease Treatment
9.2.1.1. Psoriasis
9.2.1.2. Vitiligo
9.2.1.3. Eczema
9.2.1.4. Others
9.2.2. Neonatal Jaundice Management
9.3. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
9.3.1. Hospitals & Clinics
9.3.2. Home Care
9.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%)
9.4.1. U.S.
9.4.2. Canada
9.5. North America Phototherapy Equipment Market – Opportunity Analysis Index, By Product, Application, End User, and Country, 2022 – 2028
9.6. North America Phototherapy Equipment Market Dynamics – Trends
10. Europe Phototherapy Equipment Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
10.1. Product Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
10.1.1. Conventional Phototherapy Equipment (CPE)
10.1.1.1. CPE With Fluorescent Lamp
10.1.1.2. CPE With Compact Fluorescent Lamp
10.1.2. LED Phototherapy Equipment
10.1.3. Fiber Optic Phototherapy Equipment
10.2. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Skin Disease Treatment
10.2.1.1. Psoriasis
10.2.1.2. Vitiligo
10.2.1.3. Eczema
10.2.1.4. Others
10.2.2. Neonatal Jaundice Management
10.3. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Hospitals & Clinics
10.3.2. Home Care
10.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%)
10.4.1. Germany
10.4.2. UK
10.4.3. France
10.4.4. Italy
10.4.5. Spain
10.4.6. Rest of Europe
10.5. Europe Phototherapy Equipment Market – Opportunity Analysis Index, By Product, Application, End User, and Country, 2022 – 2028
10.6. Europe Phototherapy Equipment Market Dynamics – Trends
11. Asia-Pacific Phototherapy Equipment Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
11.1. Product Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
11.1.1. Conventional Phototherapy Equipment (CPE)
11.1.1.1. CPE With Fluorescent Lamp
11.1.1.2. CPE With Compact Fluorescent Lamp
11.1.2. LED Phototherapy Equipment
11.1.3. Fiber Optic Phototherapy Equipment
11.2. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Skin Disease Treatment
11.2.1.1. Psoriasis
11.2.1.2. Vitiligo
11.2.1.3. Eczema
11.2.1.4. Others
11.2.2. Neonatal Jaundice Management
11.3. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Hospitals & Clinics
11.3.2. Home Care
11.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%)
11.4.1. Japan
11.4.2. China
11.4.3. India
11.4.4. ASEAN
11.4.5. Rest of Asia-Pacific
11.5. Asia-Pacific Phototherapy Equipment Market – Opportunity Analysis Index, By Product, Application, End User, and Country, 2022 – 2028
11.6. Asia-Pacific Phototherapy Equipment Market Dynamics – Trends
12. Latin America Phototherapy Equipment Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
12.1. Product Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
12.1.1. Conventional Phototherapy Equipment (CPE)
12.1.1.1. CPE With Fluorescent Lamp
12.1.1.2. CPE With Compact Fluorescent Lamp
12.1.2. LED Phototherapy Equipment
12.1.3. Fiber Optic Phototherapy Equipment
12.2. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
12.2.1. Skin Disease Treatment
12.2.1.1. Psoriasis
12.2.1.2. Vitiligo
12.2.1.3. Eczema
12.2.1.4. Others
12.2.2. Neonatal Jaundice Management
12.3. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Hospitals & Clinics
12.3.2. Home Care
12.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%)
12.4.1. Brazil
12.4.2. Argentina
12.4.3. Rest of Latin America
12.5. Latin America Phototherapy Equipment Market – Opportunity Analysis Index, By Product, Application, End User, and Country, 2022 – 2028
12.6. Latin America Phototherapy Equipment Market Dynamics – Trends
13. Middle East and Africa Phototherapy Equipment Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Million)
13.1. Product Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
13.1.1. Conventional Phototherapy Equipment (CPE)
13.1.1.1. CPE With Fluorescent Lamp
13.1.1.2. CPE With Compact Fluorescent Lamp
13.1.2. LED Phototherapy Equipment
13.1.3. Fiber Optic Phototherapy Equipment
13.2. Application Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
13.2.1. Skin Disease Treatment
13.2.1.1. Psoriasis
13.2.1.2. Vitiligo
13.2.1.3. Eczema
13.2.1.4. Others
13.2.2. Neonatal Jaundice Management
13.3. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Hospitals & Clinics
13.3.2. Home Care
13.4. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Million) Y-o-Y Growth (%) and Market Share (%)
13.4.1. Saudi Arabia
13.4.2. GCC Countries
13.4.3. South Africa
13.4.4. Rest of MEA
13.5. MEA Phototherapy Equipment Market – Opportunity Analysis Index, By Product, Application, End User, and Country, 2022 – 2028
13.6. MEA Phototherapy Equipment Market Dynamics – Trends
14. Competition Landscape
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, Product Type Offerings, Key Developments, Strategies, and SWOT Analysis)
14.2.1. Medela AG
14.2.2. Natus Medical Incorporated
14.2.3. ALFAMEDIC S.R.O.
14.2.4. Nice Neotech Medical Systems Pvt. Ltd.
14.2.5. Herbert Waldmann GmbH & Co. KG
14.2.6. The Daavlin Company
14.2.7. Drägerwerk AG & Co. KGaA
14.2.8. Hill-Rom
14.2.9. Philips Lighting Holding B.V.
14.2.10. DIXION
14.2.11. Signify Holding.
14.2.12. Natbiocorp
15. Research Methodology
16. Key Assumptions and Acronyms


Report

Company Profile

  •  Medela AG
  • Natus Medical Incorporated
  • ALFAMEDIC S.R.O.
  • Nice Neotech Medical Systems Pvt. Ltd.
  • Herbert Waldmann GmbH & Co. KG
  • The Daavlin Company
  • Drägerwerk AG & Co. KGaA
  • Hill-Rom
  • Philips Lighting Holding B.V.
  • DIXION
  • Signify Holding.
  •  Natbiocorp

Description

Phototherapy Equipment Market size was valued at US$ 720 Million in 2021 and is projected to reach US$ 1134 Million by 2028 at a CAGR of 6.7% during the forecast period 2022 to 2028. Phototherapy Equipment Market report gives a comprehensive outlook across the globe with special emphasis on key regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa (MEA). This report on global market gives historical, current, and future market sizes (US$ Mn) of device type, application, end-user and geographic regions. This report studies market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the market report includes regulatory scenario and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed the market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the report include suppliers, manufacturers, marketers, policymakers engaged in manufacturing and supply. Phototherapy or light therapy involves exposing the skin to ultraviolet light on a regular basis and under medical supervision. The UV part of the radiation emitted by the sun that is used in phototherapy, especially the ultraviolet B (UVB) and ultraviolet A (UVA) wavelengths. Using phototherapy, exposure of specific wavelengths of light using polychromatic polarized light, fluorescent lamps, and lasers is used for the treatment.

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