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PUBLISHER: IMARC | PRODUCT CODE: 1291464
PUBLISHER: IMARC | PRODUCT CODE: 1291464
Phototherapy Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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PAGES: 144 Pages
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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?
Product Code: SR112023A5907
Table of Contents
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
- 9.1.1 United States
- 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
- 9.2.1 China
- 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
- 9.3.1 Germany
- 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
- 9.4.1 Brazil
- 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
- 14.3.1 Atom Medical Corporation
Product Code: SR112023A5907
List of Figures
- 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
List of Tables
- 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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