Global Phototherapy Equipment Market By Type (Conventional With, Compact Fluorescent Lamp, and LЕD), By Application (Skin Disease Treatment, Neonatal Jaundice and Other Applications), By End-Use (Hospitals & Clinics and Homecare), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Phototherapy Equipment Market Overview:

Global phototherapy equipment market was worth USD 630.61 million in 2021. It is expected to grow at 5.3% during the forecast period.

The market’s growth is driven by the increasing prevalence of skin conditions such as eczema, acne, and psoriasis. As per the American Academy of Dermatology, nearly 50 million Americans suffer from acne each year.

Global Phototherapy Equipment Market Scope:

Type Analysis

The market can be divided into three types based on the types: conventional, LED, and compact. Due to the wide range of applications these devices have for eczema and other skin conditions, conventional equipment was second in 2018. These lamps include compact fluorescent lamps and fluorescent lamps. Conventional phototherapy can be used to treat jaundice in infants and preterm newborns, as well as adults suffering from vitiligo and eczema.

The availability of affordable products will drive LED equipment’s growth. Its high efficiency and long-lasting features are also responsible for the growth of LED equipment. The most widely used phototherapy source worldwide is the compact fluorescent lamp. They are smaller, require less space, and produce higher irradiances than conventional fluorescent lamps. These lamps are expected to capture a significant market share over the forecast period.

Application Analysis

The market for phototherapy equipment can be divided into two categories based on its application: skin disease management and neonatal jaundice control. Due to the high prevalence of severe skin conditions such as acne, eczema, and psoriasis in 2018, skin disease treatment accounted for the largest market share. The fastest growth in Neonatal Jaundice Management is anticipated to be due to the rising number of newborns suffering from jaundice, and the launch of new products for treatment.

End-Use Analysis

In 2018, hospitals and clinics dominated the market. They are expected to continue their dominance in the future. The segment is seeing an increase in the number of clinics for skin care in both developing and developed countries.

The demand for hospital phototherapy equipment will increase due to rising neonatal jaundice cases. The highest expected CAGR for the homecare segment will be seen during the forecast period. Home phototherapy is affordable, which will drive demand for home care services

Key Market Segments:

By Type

• Conventional With
• Compact Fluorescent Lamp LЕD
• LЕD

By Application

• Skin Disease Treatment
• Neonatal Jaundic
• Other Applications

By End-Use

• Hospitals & Clinics
• Homecare

Market Dynamics:

Neonatal jaundice can also be treated with phototherapy. The neonates are exposed to fluorescent light which speeds up their recovery. Jaundice in newborns is quite common. However, doctors can use phototherapy devices to treat it if it continues for a long time. According to the Scholars Journal of Applied Medical Sciences, 25 to 50% of infants and premature newborns develop jaundice.

With the increasing number of newborns, there is a projected increase in demand for this equipment. Market growth will be boosted by technological advances. D-Rev Design Revolution, a nonprofit design company, introduced LEDs to treat neonatal jaundice.

The device is more efficient than conventional devices, lasts 10x longer, and is comparatively less expensive. Stanford Medical Schools, which is one of D-Rev’s partners, has demonstrated its effectiveness in treating jaundice. Because of its simplicity and uniformity, most phototherapy devices utilize compact fluorescent bulbs.

Regional Analysis:

Due to the rising incidence of acne-related problems, North America dominated the market in 2021 with 39.2%. This region also has a high adoption rate for advanced skin care treatments. Due to the rise in skin conditions such as vitiligo and psoriasis within Europe, the market for Europe phototherapy is expected to grow at a profitable rate over the forecast period.

The Asia Pacific region is expected to show the fastest growth rate over the forecast period. This is due to the growing awareness of advanced phototherapy and the development of healthcare infrastructure in Asian countries like China, India, and Indonesia. The region is also expected to see a rise in neonatal jaundice rates and a demand for affordable devices. These are just a few of the reasons why phototherapy will be more popular. The market is expected to grow due to the increased awareness of skin diseases by North American governments and the treatment options available.

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

Some of the leading players on the market include Philips, Natus Medical, Inc., Phoenix Medical Systems Pvt. Ltd, GE Healthcare, Nice Neotech Medical Systems Pvt. Ltd., and Herbert Waldmann GmbH & Co. KG; In March 2017, GE Healthcare purchased Monica Healthcare in the United Kingdom to expand its maternal-infant-care business. Monica Healthcare’s digital innovation and experience were united with GE Healthcare’s newborn and maternal care divisions in this combination.

Market Key Players:

• Philips Lighting Holding B.V.
• GE Healthcare
• Natus Medical Inc.
• Herbert Waldmann GmbH & Co. KG
• Nice Neotech Medical Systems Pvt. Ltd.
• Phoenix Medical Systems Pvt. Ltd.
• Atom Medical Corp.
• Other Key Players

For the Global Phototherapy Equipment Market research study, the following years have been considered to estimate the market size: