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Phototherapy Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global phototherapy equipment market reached a value of US$ 821.34 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1,126.71 Million by 2027, exhibiting a CAGR of 5.24% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor

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, along with forecasts at the global, regional and country level from 2022-2027. 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Type, Application, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

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

List of Figures

Figure 1: Global: Phototherapy Equipment Market: Major Drivers and Challenges
Figure 2: Global: Phototherapy Equipment Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Global: Phototherapy Equipment Market: Breakup by Type (in %), 2021
Figure 5: Global: Phototherapy Equipment Market: Breakup by Application (in %), 2021
Figure 6: Global: Phototherapy Equipment Market: Breakup by End User (in %), 2021
Figure 7: Global: Phototherapy Equipment Market: Breakup by Region (in %), 2021
Figure 8: Global: Phototherapy Equipment (Conventional Phototherapy Equipment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Phototherapy Equipment (Conventional Phototherapy Equipment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Phototherapy Equipment (LED Phototherapy Equipment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Phototherapy Equipment (LED Phototherapy Equipment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Phototherapy Equipment (Fiberoptic Phototherapy Equipment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Phototherapy Equipment (Fiberoptic Phototherapy Equipment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Phototherapy Equipment (Skin Disease Treatment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Phototherapy Equipment (Skin Disease Treatment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Phototherapy Equipment (Neonatal Jaundice Management) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Phototherapy Equipment (Neonatal Jaundice Management) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Phototherapy Equipment (Hospitals and Clinics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Phototherapy Equipment (Hospitals and Clinics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Phototherapy Equipment (Home Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Phototherapy Equipment (Home Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: North America: Phototherapy Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: North America: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: United States: Phototherapy Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: United States: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Canada: Phototherapy Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Canada: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Asia-Pacific: Phototherapy Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Asia-Pacific: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: China: Phototherapy Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: China: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Japan: Phototherapy Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Japan: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: India: Phototherapy Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: India: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: South Korea: Phototherapy Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: South Korea: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Australia: Phototherapy Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Australia: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Indonesia: Phototherapy Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Indonesia: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Others: Phototherapy Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Others: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Europe: Phototherapy Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Europe: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Germany: Phototherapy Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Germany: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: France: Phototherapy Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: France: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: United Kingdom: Phototherapy Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: United Kingdom: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Italy: Phototherapy Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Italy: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Spain: Phototherapy Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Spain: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Russia: Phototherapy Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Russia: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Others: Phototherapy Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Others: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Latin America: Phototherapy Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Latin America: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Brazil: Phototherapy Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Brazil: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Mexico: Phototherapy Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Mexico: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Others: Phototherapy Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Others: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Middle East and Africa: Phototherapy Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Middle East and Africa: Phototherapy Equipment Market: Breakup by Country (in %), 2021
Figure 70: Middle East and Africa: Phototherapy Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
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, 2021 and 2027
Table 2: Global: Phototherapy Equipment Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Phototherapy Equipment Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Phototherapy Equipment Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 5: Global: Phototherapy Equipment Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Phototherapy Equipment Market: Competitive Structure
Table 7: Global: Phototherapy Equipment Market: Key Players


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