Phototherapy Equipment Market: Global Market Size, Dynamics, Regional Share, Trends, Competitor Analysis 2016 to 2021 and Forecast 2022 to 2028

$ PRICE - $ 3,000.00$ 8,900.00

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

 

$ PRICE - $ 3,000.00$ 8,900.00
Clear selection
Clear
$ PRICE - $ 3,000.00$ 8,900.00
FacebookTwitterLinkedinEmail

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


Report

Table Of Content


Report

Company Profile

  • 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)

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.

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX