Phototherapy Equipment Market by Product, Radiation, Application, End-User

Description

List of Tables

[198 Pages Report] The Phototherapy Equipment Market size was estimated at USD 580.04 million in 2023 and expected to reach USD 611.53 million in 2024, at a CAGR 5.63% to reach USD 851.23 million by 2030.

Phototherapy equipment is a medical device designed to treat various conditions through applying light. These phototherapy devices emit specific wavelengths of light to target and treat skin disorders, neonatal jaundice, and certain types of depression, among other health issues. The equipment encompasses various forms such as lamps, light-emitting diodes (LEDs), lasers, and light boxes tailored to deliver ultraviolet (UV), blue light, or other specific spectrums, depending on the treatment requirements. Phototherapy is a non-invasive therapy method favored for its efficacy, safety, and minimal side effects, playing a crucial role in both clinical and home care settings. Escalating the incidence of neonatal jaundice and skin disorders coupled with a growing preference for home phototherapy care increases market adoption. However, adverse recalls of phototherapy units and devices with technical limitations and phototherapy equipment may hinder the market growth. Nevertheless, ongoing advancements in the design and performance of phototherapy equipment, coupled with increasing establishments and expansion of dermatology and phototherapy centers worldwide, are expected to create remunerative opportunities for phototherapy equipment market growth.

KEY MARKET STATISTICS
Base Year [2023]	USD 580.04 million
Estimated Year [2024]	USD 611.53 million
Forecast Year [2030]	USD 851.23 million
CAGR (%)	5.63%

Product: Emerging preference for LED phototherapy for its energy efficiency and treatment precision

Conventional phototherapy equipment typically utilizes fluorescent light bulbs to treat conditions such as jaundice, psoriasis, and eczema in newborns. This equipment is often preferred in scenarios where cost-effectiveness is paramount and where LED technology is not the preferred method due to specific medical considerations. Fiber optic phototherapy equipment utilizes flexible fiber optic cables that transmit light, focusing the treatment on specific areas. This technology is particularly useful for treating neonatal jaundice, as it allows for a more targeted approach and can be used in incubators. LED phototherapy equipment represents the latest advancement in phototherapy technology, using light-emitting diodes to treat a variety of conditions, including jaundice, skin disorders, and even mood-related conditions. LED offers precise control over light intensity and wavelength. They are particularly favored for their energy efficiency, longevity, and the capability to control treatment parameters precisely.

End-User: Emerging application of phototherapy equipment in homecare settings

The need for phototherapy equipment in homecare settings has significantly increased due to the rising preference for home-based treatment options, driven by their convenience, cost-effectiveness, and the comfort of receiving treatment in a familiar environment. Phototherapy devices designed for home use are often more compact, user-friendly, and have safety features that make them suitable for non-professional users. These devices are primarily used for conditions such as psoriasis, vitiligo, and neonatal jaundice. Ensuring compliance with treatment protocols and providing adequate patient education are key focus areas to enhance treatment outcomes in home care settings. Hospitals and clinics represent the largest end-user segment for phototherapy equipment. These facilities use advanced and high-intensity phototherapy devices for treating various dermatological conditions, neonatal jaundice, and even certain types of cancers in some cases. The phototherapy equipment used in these settings often includes features including adjustable intensity levels, varying wavelengths, and large treatment areas, making them suitable for treating patients with diverse needs. Collaboration between equipment manufacturers and healthcare providers to ensure equipment efficacy, safety, and regulatory compliance is critical in this segment. Hospitals and clinics also play a crucial role in conducting clinical research that contributes to developing and improving phototherapy treatments and technologies.

Regional Insights

The Americas is a major region in the adoption of advanced phototherapy technologies for a range of conditions, including neonatal jaundice and skin disorders, including psoriasis and vitiligo. This region benefits from a robust healthcare infrastructure, high healthcare spending, and significant investment in research and development, contributing to a vibrant market for phototherapy equipment manufacturers. The APAC region demonstrates rapid growth in the phototherapy equipment market, driven by increasing awareness of phototherapy treatments, expanding healthcare infrastructure, and rising disposable incomes. Countries, including China, Japan, and India, are becoming key players, with local companies emerging alongside well-established international manufacturers to meet the growing demand. EMEA presents a diverse picture; Europe leads with strict regulatory standards ensuring high-quality products, alongside a strong focus on innovation and adoption of novel phototherapy techniques. The Middle East and Africa, however, show varied growth rates, with certain countries exhibiting increasing adoption of phototherapy equipment due to rising awareness and improving healthcare facilities. The Americas and Europe are home to some of the industry's giants with extensive portfolios and global distribution networks, while APAC is witnessing the rise of local companies excelling in innovation and cost-effectiveness.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Phototherapy Equipment Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Phototherapy Equipment Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Phototherapy Equipment Market, highlighting leading vendors and their innovative profiles. These include ALFAMEDIC s.r.o., Apothecaries Sundries Mfg. Pvt. Ltd., Atom Medical Corporation, Baxter International Inc., Delta Medical International Ltd, Dragerwerk AG & Co. KGaA, Endodoctor GmbH, GE Healthcare, Heal Force Bio-Meditech Holdings Limited, Herbert Waldmann GmbH & Co. KG, Hill-Rom Holdings, Inc., KALSTEIN FRANCE, Medela AG, mediprema group, National Biological Corporation, Natus Medical Incorporated, nice Neotech Medical Systems Pvt Ltd., Ningbo David Medical Device Co., Ltd., NOVOS Medical Systems, Phoenix Medical Systems, S S Technomed (P) Ltd, Schulze & Bohm GmbH, Signify Holding B.V., Solarc Systems Inc., and The Daavlin Company.

Market Segmentation & Coverage

This research report categorizes the Phototherapy Equipment Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
- Conventional Phototherapy Equipment
  - Conventional Phototherapy Equipment With Compact Fluorescent Lamp
  - Conventional Phototherapy Equipment With Fluorescent Lamp

Fiber Optic Phototherapy Equipment
LED Phototherapy Equipment

Radiation
- Ultraviolet A (UVA)
- Ultraviolet B (UVB)
- Ultraviolet C (UVC)

Application
- Neonatal Jaundice Management
- Skin Disease Treatment
  - Eczema
  - Psoriasis
  - Vitiligo
End-User
- Homecare Settings
- Hospitals & Clinics

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Phototherapy Equipment Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Phototherapy Equipment Market?

3. What are the technology trends and regulatory frameworks in the Phototherapy Equipment Market?

4. What is the market share of the leading vendors in the Phototherapy Equipment Market?

5. Which modes and strategic moves are suitable for entering the Phototherapy Equipment Market?

Product Code: MRR-F927BA462138

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing incidence of neonatal jaundice and skin disorders
  - 5.1.1.2. Rising preference for home phototherapy care
- 5.1.2. Restraints
  - 5.1.2.1. Adverse recalls of phototherapy units and devices
- 5.1.3. Opportunities
  - 5.1.3.1. Advancements in design and performance of phototherapy equipment
  - 5.1.3.2. Establishments and expansion of dermatology and phototherapy centers
- 5.1.4. Challenges
  - 5.1.4.1. Technical limitations and operational issues of phototherapy equipment
5.2. Market Segmentation Analysis
- 5.2.1. Product: Emerging preference for LED phototherapy for its energy efficiency and treatment precision
- 5.2.2. End-User: Emerging application of phototherapy equipment in homecare settings
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Phototherapy Equipment Market, by Product

6.1. Introduction
6.2. Conventional Phototherapy Equipment
6.3. Fiber Optic Phototherapy Equipment
6.4. LED Phototherapy Equipment

7. Phototherapy Equipment Market, by Radiation

7.1. Introduction
7.2. Ultraviolet A (UVA)
7.3. Ultraviolet B (UVB)
7.4. Ultraviolet C (UVC)

8. Phototherapy Equipment Market, by Application

8.1. Introduction
8.2. Neonatal Jaundice Management
8.3. Skin Disease Treatment

9. Phototherapy Equipment Market, by End-User

9.1. Introduction
9.2. Homecare Settings
9.3. Hospitals & Clinics

10. Americas Phototherapy Equipment Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Phototherapy Equipment Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Phototherapy Equipment Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Second Hospital in Rajkot Gets Special Neonatal Care Unit
- 13.3.2. Baby Harrison Becomes First To Receive Pioneering Home Phototherapy from George Eliot
- 13.3.3. Newton Company's Bili-Hut Blue Light Device Saving Newborns From Jaundice In Ukraine
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio