[180 Pages Research Report] The global Phototherapy Equipment Market size was valued at USD 410 Million in 2023, and the market is projected to reach USD 546.8 Million by the end of 2030, with growth at a CAGR of 4.2% during the forecast report 2023-2030.
There is one alternative for treating a range of medical ailments due to the rising demand for phototherapy equipment. Vitiligo, psoriasis, and eczema are a few of the skin problems that can be treated by phototherapy, which uses light. Neonatal jaundice, a specific illness that affects neonates, is treated with it. The market for phototherapy equipment will rise at a CAGR of 6.9%, from an anticipated USD 0.5 billion in 2020 to USD 0.8 billion by 2025. Numerous factors, such as the rising incidence of skin conditions and neonatal jaundice, the growing need for non-invasive treatment options, and technological developments in phototherapy equipment, are propelling the market for phototherapy equipment.
By product type, application, end-user, and geography, the market is divided into segments. The market is divided into three categories based on the kind of product: equipment for conventional phototherapy, LED phototherapy equipment, and fiberoptic phototherapy equipment. The market is divided into skin diseases, newborn jaundice, and other categories based on application. The market is divided into hospitals, clinics, and home care settings based on end-user.
North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa are the geographical divisions of the phototherapy equipment market. Due to the high prevalence of skin conditions and newborn jaundice, the existence of key companies, and the growing use of technologically improved goods, North America dominates the market. However, due to the expanding healthcare infrastructure, the Asia-Pacific region is anticipated to have considerable growth throughout the forecast period.
The need for phototherapy equipment is rising as skin disorders like psoriasis, eczema, and vitiligo become more commonplace around the world. According to the World Health Organization (WHO), the prevalence of psoriasis will vary from 0.09% to 11.4% globally. The prevalence of skin conditions is expected to increase the demand for phototherapy equipment.
Technological advancements: Equipment makers for phototherapy are constantly introducing new, cutting-edge technologies to increase treatment options. For instance, the development of LED phototherapy equipment has profoundly changed the industry by introducing a more targeted and effective method of treating skin issues. The invention of portable phototherapy equipment has made it easier for patients to receive treatment.
The need for phototherapy equipment is rising as skin disorders like psoriasis, eczema, and vitiligo become more commonplace around the world. According to the World Health Organization (WHO), the prevalence of psoriasis will vary from 0.09% to 11.4% globally. The prevalence of skin conditions is expected to increase the demand for phototherapy equipment.
Technological advancements: Equipment makers for phototherapy are constantly introducing new, cutting-edge technologies to increase treatment options. For instance, the development of LED phototherapy equipment has profoundly changed the industry by introducing a more targeted and effective method of treating skin issues. The invention of portable phototherapy equipment has made it easier for patients to receive treatment.
As per the report, the global Phototherapy Equipment Market is segmented into Type, Application, and Regions. The report covers detailed information on market size, Share, Growth, Value, Volume Analysis, Demand analysis, new market entry, competition insights, market drivers, challenges, opportunities, and Restraints. Further, company profile analysis, company revenue, Strategies, Sales, company acquisition, partnership, mergers, latest trends in the industry, regional and country-level insights, and competitive intelligence data is provided in the research report.
Further, the global market is geographically divided into major regions, and countries including North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Further, major countries focused in the global study report: United States, Canada, United Kingdom, Spain, Germany, Italy, France, Mexico, Russia, Ukraine, China, Japan, South Korea, India, Singapore, Malaysia, Australia, Qatar, Kingdom of Saudi Arabia, South Africa, Brazil, Argentina, and other countries are covered in the research study.
by Product
• Conventional
• LED
• Fiber Optic
by Application
• Psoriasis
• Vitiligo
• Eczema
• Neonatal Jaundice Management
• Other Skin Disease Treatment
by End-Use
• Hospitals and Clinics
• Home Care
- North America
- Latin America
- Europe
- Middle East and Africa
- Asia Pacific
• North American market to remain in control over the global market during 2022-2030. In the North American region, the United States occupied the highest share of the market in this region, and the US country is projected to follow the same trend over the forecast time 2022-2030, followed by Canada.
• Europe holds the second largest share producer in the global Disposable Medical Sensors Market during the forecast period 2022-2030. Asia Pacific region is expected to be registered as the fastest-growing market in the global market by 2030.
• Most developing countries in the Asia Pacific remain the focus of leading Disposable Medical Sensors companies, with a large portion of these companies investing in new entry and business expansion strategies
• The market in the Middle East and Africa is projected to show prominent growth opportunities in the coming years from 2023-2030. Due to the rising focus from the government of the Middle East and African countries on emerging healthcare infrastructure manufacturing and distribution are mostly contributing to the global market in the MEA region.
• The Latin American Disposable Medical Sensors Market registered a substantial share of the global market in 2022, and it is projected to remain its presence in the market.
• Philips Lighting Holding BV
• GE Healthcare Limited
• Natus Medical Inc.
• Hebert Waldmann GmbH & Co. KG
• Nice Neotech Medical Systems Pvt. Ltd.
• Phoenix Medical Systems Pvt Ltd
• Atom Medical Corporation
• National Biological Corp.
• Solarc Systems Inc.
• The Daavlin Company
*List not exhaustive
1. Executive Summary
1.1 Introduction to Phototherapy Equipment Markets
1.2 Phototherapy Equipment Market Size Outlook, 2021- 2030
1.3 Growth Opportunities in Phototherapy Equipment Industry
1.4 Winning Strategies for the post-pandemic future
2. Report Guide
2.1 Market Definition and Scope
2.2 Market Segmentation
2.3 Research Methodology
2.4 Forecast Methodology
2.5 List of Abbreviations
3. Growth Opportunity Analysis
3.1 Key Phototherapy Equipment Market Trends
3.2 Key Phototherapy Equipment Market Growth Drivers
3.3 Key Phototherapy Equipment Market Growth Restraints
4 Phototherapy Equipment Market Outlook – Scenario Analysis
4.1 Low Growth Case Scenario Forecasts
4.2 Reference Growth Case Scenario Forecasts
4.3 High Growth Case Scenario Forecasts
5. Phototherapy Equipment Market Segmentation- Outlook by Product
5.1 Conventional Phototherapy Equipment Market Outlook to 2030
5.2 LED Phototherapy Equipment Market Outlook to 2030
5.3 Fiber Optic Phototherapy Equipment Market Outlook to 2030
6. Phototherapy Equipment Market Segmentation- Outlook by Application
6.1 Psoriasis Market Outlook to 2030
6.2 Vitiligo Market Outlook to 2030
6.3 Eczema Market Outlook to 2030
6.4 Neonatal Jaundice Management Market Outlook to 2030
6.5 Other Skin Disease Treatment Market Outlook to 2030
7. Phototherapy Equipment Market Segmentation- Outlook by End-Use
7.1 Hospitals and Clinics Market Outlook to 2030
7.2 Home Care Market Outlook to 2030
8. North America Phototherapy Equipment Market Outlook and Opportunities to 2030
8.1 Market Snapshot, 2023
8.2 North America Phototherapy Equipment Market Growth Opportunities
8.3 North America Phototherapy Equipment Market Outlook by Application
8.4 North America Phototherapy Equipment Market Outlook by Type
8.5 North America Phototherapy Equipment Market Outlook by Country
8.6 United States Phototherapy Equipment Market Outlook
8.7 Canada Phototherapy Equipment Market Outlook
8.8 Mexico Phototherapy Equipment Market Outlook
9. Europe Phototherapy Equipment Market Outlook and Opportunities to 2030
9.1 Market Snapshot, 2023
9.2 Europe Phototherapy Equipment Market Outlook by Application
9.3 Europe Phototherapy Equipment Market Outlook by Type
9.4 Europe Phototherapy Equipment Market Outlook by Country
9.5 Germany Phototherapy Equipment Market Outlook
9.6 France Phototherapy Equipment Market Outlook
9.7 United Kingdom Phototherapy Equipment Market Outlook
9.8 Spain Phototherapy Equipment Market Outlook
9.9 Italy Phototherapy Equipment Market Outlook
9.10 Other Europe Phototherapy Equipment Market Outlook
10. Asia Pacific Phototherapy Equipment Market Outlook and Opportunities to 2030
10.1 Market Snapshot, 2023
10.2 Asia Pacific Phototherapy Equipment Market Outlook by Application
10.3 Asia Pacific Phototherapy Equipment Market Outlook by Type
10.4 Asia Pacific Phototherapy Equipment Market Outlook by Country
10.5 China Phototherapy Equipment Market Outlook
10.6 Japan Phototherapy Equipment Market Outlook
10.7 India Phototherapy Equipment Market Outlook
10.8 Other Asia Pacific Phototherapy Equipment Market Outlook
11. Latin America Phototherapy Equipment Market Outlook and Opportunities to 2030
11.1 Market Snapshot, 2023
11.2 Latin America Phototherapy Equipment Market Outlook by Application
11.3 Latin America Phototherapy Equipment Market Outlook by Type
11.4 Latin America Phototherapy Equipment Market Outlook by Country
11.5 Brazil Phototherapy Equipment Market Outlook
11.6 Argentina Phototherapy Equipment Market Outlook
11.7 Other Latin America Phototherapy Equipment Market Outlook
12. Middle East and Africa Phototherapy Equipment Market Outlook and Opportunities to 2030
12.1 Market Snapshot, 2023
12.2 Middle East and AfricaPhototherapy Equipment Market Outlook by Application
12.3 Middle East and AfricaPhototherapy Equipment Market Outlook by Type
12.4 Middle East and AfricaPhototherapy Equipment Market Outlook by Country
12.5 Saudi Arabia Phototherapy Equipment Market Outlook
12.6 UAE Phototherapy Equipment Market Outlook
12.7 South Africa Phototherapy Equipment Market Outlook
12.8 Other Middle East and Africa Phototherapy Equipment Market Outlook
13 Profiles of major Phototherapy Equipment Companies
Philips Lighting Holding BV
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Analysis
GE Healthcare Limited
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Analysis
Natus Medical Inc.
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Analysis
Hebert Waldmann GmbH & Co. KG
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Analysis
Nice Neotech Medical Systems Pvt. Ltd.
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Analysis
Phoenix Medical Systems Pvt Ltd
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Analysis
Atom Medical Corporation
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Analysis
National Biological Corp.
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Analysis
Solarc Systems Inc.
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Analysis
The Daavlin Company
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Analysis
14. Appendix
14.1 Publisher’s Expertise
14.2 List of Tables and Charts
14.3 List of Exhibits
14.4 Legal Disclaimer
by Product
• Conventional
• LED
• Fiber Optic
by Application
• Psoriasis
• Vitiligo
• Eczema
• Neonatal Jaundice Management
• Other Skin Disease Treatment
by End-Use
• Hospitals and Clinics
• Home Care
- North America
- Latin America
- Europe
- Middle East and Africa
- Asia Pacific