Product Code: GVR-1-68038-701-8
Phototherapy Equipment Market Growth & Trends:
The global phototherapy equipment market size is expected to reach at USD 521.1 million by 2030, registering a CAGR of 3.95% from 2023 to 2030, according to a new report by Grand View Research, Inc.. Rising prevalence of skin diseases across the globe has led to an increased demand for phototherapy equipment. According to healthline data, nearly 150,000 new psoriasis cases develop each year in U.S. Thus, rising cases of psoriasis is expected to boost the demand for these devices in near future. Eczema, one of the severe skin diseases, has also contributed to the market growth. Neonatal jaundice is another disease that requires phototherapy treatment to reduce high bilirubin levels.
According to the National Center for Biotechnology Information (NCBI), around 60 to 80% of healthy newborns are likely to develop neonatal jaundice. Furthermore, constant technological advancements pertaining to these will boost the market growth. LED-based devices are being highly adopted, which has further accelerated the growth of the market. The LED lights are cheaper as compared to conventional equipment and has a long-lasting effect. These lights also have been proved to be very effective for treating neonatal jaundice. Hence, improvement in technology has impacted the growth of the market.
Phototherapy Equipment Market Report Highlights:
- Conventional phototherapy equipment segment held the second-largest market share due to wide usage of these devices in skin disease treatment
- LED equipment are expected to witness the highest CAGR over the forecast period due to its cost-effectiveness and long-lasting effect
- The skin disease segment dominated the market with the largest revenue share of 67.4% in 2022. This can be accredited to a rise in the number of various skin diseases such as acne, vitiligo, and others.
- Neonatal jaundice management is expected to grow at the fastest CAGR of 4.5% during the forecast period due to increasing incidence of the disease
- North America led the phototherapy equipment market and accounted for the largest revenue share of 39.0% in 2022 owing to quick adoption of advanced technologies in the field of phototherapy treatment in this region
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Product
- 1.1.2. Application
- 1.1.3. End Use
- 1.1.4. Regional scope
- 1.1.5. Estimates and forecast timeline
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR's internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
- 1.4. Information or Data Analysis
- 1.5. Market Formulation & Validation
- 1.6. Model Details
- 1.7. List of Secondary Sources
- 1.8. List of Primary Sources
- 1.9. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Product outlook
- 2.2.2. Application outlook
- 2.2.3. End Use outlook
- 2.2.4. Regional outlook
- 2.3. Competitive Insights
Chapter 3. Phototherapy Equipment Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent market outlook
- 3.1.2. Related/ancillary market outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Market Dynamics
- 3.3.1. Market driver analysis
- 3.3.2. Market restraint analysis
- 3.4. Phototherapy Equipment Market Analysis Tools
- 3.4.1. Industry Analysis - Porter's
- 3.4.1.1. Supplier power
- 3.4.1.2. Buyer power
- 3.4.1.3. Substitution threat
- 3.4.1.4. Threat of new entrant
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Technological landscape
- 3.4.2.3. Economic landscape
Chapter 4. Phototherapy Equipment: Product Estimates & Trend Analysis
- 4.1. Phototherapy Equipment Market: Key Takeaways
- 4.2. Phototherapy Equipment Market: Movement & Market Share Analysis, 2022 & 2030
- 4.3. Conventional Phototherapy Equipment
- 4.3.1. Conventional phototherapy equipment market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.3.2. Conventional phototherapy equipment with fluorescent lamp
- 4.3.2.1. Conventional phototherapy equipment with fluorescent lamp market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.3.3. Conventional phototherapy equipment with compact fluorescent lamp
- 4.3.3.1. Conventional phototherapy equipment with compact fluorescent lamp market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.4. LED Phototherapy Equipment
- 4.4.1. LED phototherapy equipment market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.5. Fiber Optic Phototherapy Equipment
- 4.5.1. Fiber optic phototherapy equipment market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 5. Phototherapy Equipment: Application Estimates & Trend Analysis
- 5.1. Phototherapy Equipment Market: Key Takeaways
- 5.2. Phototherapy Equipment Market: Movement & Market Share Analysis, 2022 & 2030
- 5.3. Skin Disease Treatment
- 5.3.1. Skin disease treatment market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.3.2. Psoriasis
- 5.3.2.1. Psoriasis market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.3.3. Vitiligo
- 5.3.3.1. Vitiligo market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.3.4. Eczema
- 5.3.4.1. Eczema market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.3.5. Others
- 5.3.5.1. Others market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.4. Neonatal Jaundice Management
- 5.4.1. Neonatal jaundice management market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 6. Phototherapy Equipment: End Use Estimates & Trend Analysis
- 6.1. Phototherapy Equipment Market: Key Takeaways
- 6.2. Phototherapy Equipment Market: Movement & Market Share Analysis, 2022 & 2030
- 6.3. Hospitals & Clinics
- 6.3.1. Hospitals & clinics market estimates and forecasts, 2018 to 2030 (USD Million)
- 6.4. Homecare
- 6.4.1. Homecare market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 7. Phototherapy Equipment Market: Regional Estimates & Trend Analysis
- 7.1. Regional Outlook
- 7.2. Phototherapy Equipment Market by Region: Key Takeaways
- 7.3. North America
- 7.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.3.2. U.S.
- 7.3.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.3.3. Canada
- 7.3.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.4. Europe
- 7.4.1. UK
- 7.4.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.4.2. Germany
- 7.4.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.4.3. France
- 7.4.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.4.4. Italy
- 7.4.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.4.5. Spain
- 7.4.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.4.6. Sweden
- 7.4.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.4.7. Norway
- 7.4.7.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.4.8. Denmark
- 7.4.8.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.5. Asia Pacific
- 7.5.1. Japan
- 7.5.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.5.2. China
- 7.5.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.5.3. India
- 7.5.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.5.4. Australia
- 7.5.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.5.5. Thailand
- 7.5.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.5.6. South Korea
- 7.5.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.6. Latin America
- 7.6.1. Brazil
- 7.6.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.6.2. Mexico
- 7.6.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.6.3. Argentina
- 7.6.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.7. MEA
- 7.7.1. Saudi Arabia
- 7.7.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.7.2. South Africa
- 7.7.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.7.3. UAE
- 7.7.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
- 7.7.4. Kuwait
- 7.7.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Market Participant Categorization
- 8.2.1. Signify Holding
- 8.2.1.1. Company overview
- 8.2.1.2. Financial performance
- 8.2.1.3. Product benchmarking
- 8.2.1.4. Strategic initiatives
- 8.2.2. GE Healthcare
- 8.2.2.1. Company overview
- 8.2.2.2. Financial performance
- 8.2.2.3. Product benchmarking
- 8.2.2.4. Strategic initiatives
- 8.2.3. Natus Medical Incorporated
- 8.2.3.1. Company overview
- 8.2.3.2. Financial performance
- 8.2.3.3. Product benchmarking
- 8.2.3.4. Strategic initiatives
- 8.2.4. Hebert Waldmann GmbH & Co. KG
- 8.2.4.1. Company overview
- 8.2.4.2. Financial performance
- 8.2.4.3. Product benchmarking
- 8.2.4.4. Strategic initiatives
- 8.2.5. Nice Neotech Medical Systems Pvt. Ltd.
- 8.2.5.1. Company overview
- 8.2.5.2. Financial performance
- 8.2.5.3. Product benchmarking
- 8.2.5.4. Strategic initiatives
- 8.2.6. Atom Medical Corporation
- 8.2.6.1. Company overview
- 8.2.6.2. Financial performance
- 8.2.6.3. Product benchmarking
- 8.2.6.4. Strategic initiatives
- 8.2.7. Phoenix Medical Systems Pvt. Ltd.
- 8.2.7.1. Company overview
- 8.2.7.2. Financial performance
- 8.2.7.3. Product benchmarking
- 8.2.7.4. Strategic initiatives
- 8.2.8. National Biological Corp.
- 8.2.8.1. Company overview
- 8.2.8.2. Financial performance
- 8.2.8.3. Product benchmarking
- 8.2.8.4. Strategic initiatives
- 8.2.9. Solarc Systems Inc.
- 8.2.9.1. Company overview
- 8.2.9.2. Financial performance
- 8.2.9.3. Product benchmarking
- 8.2.9.4. Strategic initiatives
- 8.2.10. The Daavlin Company
- 8.2.10.1. Company overview
- 8.2.10.2. Financial performance
- 8.2.10.3. Product benchmarking
- 8.2.10.4. Strategic initiatives