Phototherapy Equipment Market Size, Share, Opportunities, And Trends By Phototherapy Type (Conventional Phototherapy, LED-Based Phototherapy, Fibreoptic Phototherapy), By Application (Skin Disease Treatment, Neonatal Jaundice Management), By End-User (Hospitals & Clinics, Homecare), And By Geography - Forecasts From 2025 To 2030
- Published : Dec 2024
- Report Code : KSI061611881
- Pages : 140
Phototherapy Equipment Market is projected to grow at a CAGR of 3.53% between 2025 to 2030.
Phototherapy is a type of medical treatment that involves exposing a patient to fluorescent light bulbs or other light sources including light-emitting diodes (LEDs) and halogen lamps. Phototherapy is the use of light to treat skin diseases including psoriasis and vitiligo, among others. During phototherapy treatment, the skin is exposed to a very specific type of light that is emitted by medical equipment. A phototherapy unit is a usual name for this device. These medical or phototherapy units come in a variety of sizes, ranging from tables to portable devices for treating tiny areas to cabinets to walk-in units for treating the full body of a patient. One of the most promising markets is one that provides effective and safe treatment options for those suffering from skin problems such as psoriasis. Because skin illnesses are regarded as highly critical but non-fatal medical problems, the phototherapy industry has seen significant growth in demand in recent years. In the forecast decade and beyond, the worldwide phototherapy equipment market will be driven by the prevalence of skin diseases and the occurrences of newborns with high bilirubin levels. Constant technical improvements are also expected to contribute to market expansion. For example, D-Rev, a non-profit design business, has developed LEDs for the treatment of newborn jaundice. Phototherapy is also effective in the treatment of newborn jaundice. The newborns are exposed to fluorescent light during this therapy, which aids their recovery. Jaundice in infants is typical, but if it lasts for a long time, doctors will employ phototherapy equipment to cure it. Jaundice affects 25 to 50 percent of all newborns and preterm neonates, according to the Scholars Journal of Applied Medical Sciences (SJAMS). The market is also expected to increase due to the introduction of technologically advanced phototherapy equipment and the widespread usage of LED-based phototherapy equipment. Additionally, rising awareness of sophisticated uses of phototherapy and growing healthcare infrastructure are projected to boost the growth of the phototherapy equipment market.
Neonatal jaundice is highly prevalent, affecting up to 80% of preterm newborns and 60% of term babies. Prematurity and newborn sepsis are two of the most common risk factors for neonatal jaundice, which can lead to brain damage if left untreated. In addition, skin disorders are the fourth leading cause of human sickness. It's possible that skin disorders are more common than previously assumed. Due to rising awareness of advanced phototherapy and improving healthcare infrastructure in Asian nations such as China, India, and Indonesia, the Asia Pacific region is expected to grow at the fastest rate during the projection period. In addition, an increase in the frequency of newborn jaundice and a desire for cost-effective equipment is likely to drive up phototherapy use in this region. Governments in the North American area are increasingly focusing on raising awareness about skin disorders and treatment alternatives, which is expected to drive market growth in the region.
Restraints
- Side-effects associated with phototherapy equipment to restrain the market growth.
A major restraint in the growth of the phototherapy equipment market is the side effects associated with phototherapy equipment. Reduced intestinal transit time, with loose, greenish stools; increased insensible water loss with sluggish weight growth; skin rashes, and, occasionally, brownish staining of the skin, urines, and plasma have all been reported in newborn babies. Other possible side effects described in vitro and/or in experimental animals include retinal damage; liver cell damage; pineal gland alterations with changes in serotonin metabolism; suppression of circadian rhythms; changes in hormonal secretion and plasma levels; acceleration or delay in sexual maturation; photooxidation of structures or substances in the body other than bicarbonate (i.e., vitamins, amino acids, albumin, red blood cells, etc.). More research is needed to rule out some of the above-mentioned adverse effects. Meanwhile, phototherapy should be done with caution and under well-controlled conditions when warranted.
Impact of COVID-19 on the Phototherapy Equipment Market
The COVID-19 impact on the phototherapy equipment market has been negative as owing to the epidemic and the related social distancing restrictions, many individuals have not sought treatment for skin disorders from healthcare experts which have restrained the demand for phototherapy equipment during the forecast period. It has, however, offered significant possibilities for important industrial participants to integrate digital technology into operational operations. The pandemic has resulted in a substantial strategy change among market participants, affecting the market's overall performance. The unfavourable conditions risen due to the COVID-19 virus have had a negative impact on the phototherapy market. However, in the post-COVID scenario, the phototherapy equipment market is expected to bloom with the surging demand among consumers for the growing incidences of skin diseases in the forecast period.
Competitive Insights
The market leaders for the phototherapy equipment market are Natus Medical Incorporated, GE Healthcare, NOVOS, Atom Medical Corporation, Signify Holding B.V., TSE spol. s r.o., Phoenix Medical Systems Pvt. Ltd., Herbert Waldmann GmbH & Co. KG, Nice Neotech Medical Systems Pvt. Ltd., and Solarc Systems Inc.
Segmentation:
- By Phototherapy Type
- Conventional Phototherapy
- Conventional Phototherapy Equipment with Fluorescent Lamp
- Conventional Phototherapy Equipment with Compact Fluorescent Lamp
- LED-based Phototherapy
- Fiberoptic Phototherapy
- Conventional Phototherapy
- By Application
- Skin Disease Treatment
- Eczema
- Vitiligo
- Psoriasis
- Others
- Neonatal Jaundice Management
- Skin Disease Treatment
- By End-User
- Hospitals & Clinics
- Homecare
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Others
- Asia Pacific
- China
- India
- Japan
- South Korea
- Taiwan
- Thailand
- Indonesia
- Others
- North America
Frequently Asked Questions (FAQs)
Phototherapy Equipment Market was valued at US$512.483 million in 2019.
The global phototherapy equipment market is projected to grow at a CAGR of 4.15% over the forecast period.
The global phototherapy equipment market would be driven by the prevalence of skin diseases and the occurrences of new-born with high bilirubin levels.
The phototherapy equipment market is projected to reach a market size of US$681.231 million in 2026.
The Asia Pacific region is expected to grow at the fastest rate in the phototherapy equipment market during the forecast period.
1.1. Market Overview
1.2. Covid-19 Scenario
1.3. Market Definition
1.4. Market Segmentation
2. Research Methodology
2.1. Research Data
2.2. Assumptions
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of End-Users
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Phototherapy Equipment Market Analysis, by Type
5.1. Introduction
5.2. Conventional Phototherapy Equipment
5.2.1. Conventional Phototherapy Equipment with Fluorescent Lamp
5.2.2. Conventional Phototherapy Equipment With Compact Fluorescent Lamp
5.3. LED-based Phototherapy Equipment
5.4. Fiberoptic Phototherapy Equipment
6. Phototherapy Equipment Market Analysis, by Application
6.1. Introduction
6.2. Skin Disease Treatment
6.2.1. Eczema
6.2.2. Vitiligo
6.2.3. Psoriasis
6.2.4. Others
6.3. Neonatal Jaundice Management
7. Phototherapy Equipment Market Analysis, by End-Use
7.1. Introduction
7.2. Hospitals & Clinics
7.3. Homecare
8. Phototherapy Equipment Market Analysis, by Geography
8.1. Introduction
8.2. North America
8.2.1. USA
8.2.2. Canada
8.2.3. Mexico
8.3. South America
8.3.1. Brazil
8.3.2. Argentina
8.3.3. Others
8.4. Europe
8.4.1. Germany
8.4.2. France
8.4.3. UK
8.4.4. Italy
8.4.5. Spain
8.4.6. Others
8.5. Middle East and Africa
8.5.1. Saudi Arabia
8.5.2. UAE
8.5.3. South Africa
8.5.4. Others
8.6. Asia Pacific
8.6.1. China
8.6.2. India
8.6.3. Japan
8.6.4. South Korea
8.6.5. Taiwan
8.6.6. Thailand
8.6.7. Indonesia
8.6.8. Others
9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. Company Profiles
10.1. Natus Medical Incorporated
10.2. GE Healthcare
10.3. NOVOS
10.4. Atom Medical Corporation
10.5. Signify Holding B.V.
10.6. TSE spol. s r.o.
10.7. Phoenix Medical Systems Pvt. Ltd.
10.8. Herbert Waldmann GmbH & Co. KG
10.9. Nice Neotech Medical Systems Pvt. Ltd.
10.10. Solarc Systems Inc.
Natus Medical Incorporated
GE Healthcare
NOVOS
Atom Medical Corporation
TSE spol. s r.o.
Phoenix Medical Systems Pvt. Ltd.
Herbert Waldmann GmbH & Co. KG
Nice Neotech Medical Systems Pvt. Ltd.
Solarc Systems Inc.
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