Global Phototherapy Equipment Market By Product(Conventional Phototherapy Equipment, Conventional Phototherapy Equipment with Fluorescent Lamp, Conventional Phototherapy Equipment with Compact Fluorescent Lamp)By Application(Psoriasis, Vitiligo, Eczema, Others)Neonatal Jaundice Management, By End-use-(Hospitals & Clinics, Homecare) By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2033

Market Overview

The Global Phototherapy Equipment Market size is expected to be worth around USD 595.9 Million by 2032 from USD 415.0 Million in 2024, growing at a CAGR of 4.1% during the forecast period from 2023 to 2032.

Phototherapy uses light therapy to address various skin conditions, such as psoriasis and vitiligo. Phototherapy equipment emits special wavelengths that stimulate the skin directly; handheld and tabletop devices for pinpointed treatment of small areas; cabinets; walk-in units offer wider coverage.

Phototherapy equipment demand is anticipated to increase significantly due to factors like neonatal jaundice’s growing prevalence. Furthermore, preterm and low-weight births as well as skin diseases will likely fuel global market expansion; technologically advanced phototherapy systems like LED systems could further propel this market growth.

The phototherapy equipment market will benefit from improved healthcare infrastructure, rapid device innovation, and the increase in home phototherapy treatments for skin disease treatment. Although these growth opportunities exist, there may also be challenges related to rising use of alternative treatment methods and FDA policies governing approval of new devices that limit market expansion. Overall, forecast period holds promise for phototherapy equipment market’s trajectory – both opportunities and constraints alike can sway its trajectory forward.

Key Takeaways

• Market Size & Growth: Phototherapy Equipment Market size is expected to be worth around USD 595.9 Million by 2032 from USD 398.7 Million in 2022, growing at a CAGR of 4.1%.
• Type Analysis: Conventional Phototherapy Equipment is accounting for 49.1% of revenue share in 2023.
• Application Analysis: Skin diseases segment dominate 68.2% share in phototherapy equipment market.
• End-Use Analysis: Hospitals and clinics segment accounting for an 84% revenue share in 2023.
• Regional Analysis: North America dominated the market in 2023 with 39.8% share and holding a USD 158.8 Million value.
• Treatment Methods: Narrowband UVB (NB-UVB) and PUVA therapy are two popular treatment modalities, offering targeted exposure to specific wavelengths of light for managing various skin conditions.
• Geographical Differences: Adoption of phototherapy equipment varies across regions, with developed economies typically adopting more cutting-edge technologies faster than emerging markets.

Type Analysis

Conventional Phototherapy Equipment is accounting for 49.1% of revenue share in 2023 and projected to experience a high compound annual growth rate between 2023-2033. LED phototherapy treatments such as fine lines, psoriasis, and acne treatment can benefit from LED therapy treatment; its increasing prevalence will likely drive demand during this timeframe.

Due to the wide range of applications these devices have for eczema and other skin conditions, Conventional Phototherapy Equipment with Fluorescent Lamp was second in 2023. 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

Phototherapy Equipment Market for skin diseases has experienced tremendous growth due to an increase in dermatological disorders worldwide. Skin diseases segment dominate 68.2% share in phototherapy equipment market. Phototherapy using UVB and UVA lights, particularly Narrowband UVB (NB-UVB) and PUVA therapy has become an increasingly popular treatment modality for skin conditions like psoriasis, vitiligo and eczema. Market advances include LED lights and other advances that contribute to increased treatment efficacy, fueling innovation in this space.

Due to the high prevalence of severe skin conditions such as acne, eczema, and psoriasis in 2023, 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

Hospitals and clinics segment accounting for an 84% revenue share in 2023. Their dominance can be directly traced to an increasing global hospital count and phototherapy equipment’s integral role in hospitals and clinics as an effective therapy modality for various skin conditions. Offering phototherapy services allows healthcare facilities to give access to clinically proven solutions which may not respond well with other treatment approaches or who prefer non-pharmacological approaches for skin conditions that need treating.

Hospitals and clinics equipped with equipment can deliver comprehensive multidisciplinary care utilizing phototherapy treatments; dermatologists, pediatricians neonatologists as well as other healthcare professionals collaborate in devising plans incorporating phototherapy for patients’ individualized care plans ensuring they receive care that will best meet their unique needs.

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

Product

• Conventional Phototherapy Equipment
• Conventional Phototherapy Equipment with Fluorescent Lamp
• Conventional Phototherapy Equipment with Compact Fluorescent Lamp
• LED Phototherapy Equipment
• Fiber Optic Phototherapy Equipment

Application

• Psoriasis
• Vitiligo
• Eczema
• Others

Neonatal Jaundice Management

End-use

• Hospitals & Clinics
• Homecare

Driver

An Increase in Skin Disorder Incidence

One key driver for phototherapy equipment sales is the increased prevalence of skin disorders worldwide, including conditions like psoriasis, vitiligo, eczema and neonatal jaundice. Phototherapy stands out as an effective solution for many of these ailments – which drives demand for phototherapy equipment.

Expanded Hospital and Clinic Facilities

With increasing healthcare needs comes an increase in facilities like hospitals and clinics, making healthcare even more accessible than before. Phototherapy equipment market growth can be directly attributed to an expanding network of hospitals and clinics around the globe, with hospitals playing an especially key role. Their demand for phototherapy devices continues to soar due to treatment for various skin conditions; hospital-owned devices in particular play an instrumental part in this market share and reinforce how essential phototherapy treatments can be in patient care plans.

Trend

Shift to LED-Based Phototherapy

One key trend in phototherapy equipment market is the shift towards LED-based phototherapy systems. LED technology offers many advantages that benefit patients such as targeted treatments, energy efficiency and reduced heat production; driving this trend forward are increasing adoptions of these LED systems for treating skin disorders, with LED systems dominating market shares and showing faster growth rates than its competition.

Home Phototherapy and Telemedicine

Integrating home phototherapy and telemedicine has emerged as an emerging trend, due to technological developments. Patients now have more options for receiving phototherapy at home with remote consultation and monitoring capabilities provided through Telemedicine platforms – increasing patient comfort, convenience and compliance while aligning with decentralized healthcare services. This trend supports decentralisation initiatives.

Restraint

Alternative Therapies Options (ATTOs)

Phototherapy equipment market growth may be hindered by alternative treatment modalities like topical medications and oral medicines that offer alternatives. Such variation among patient preferences creates obstacles to wide-scale adoption of phototherapy machines.

Strict Regulatory Policies

Regulators such as the FDA can present challenges for phototherapy equipment manufacturers in terms of market growth. Their rigorous approval processes place new devices under intense scrutiny to ensure safety and efficacy; as a result, this regulatory environment hinders innovative devices being introduced onto the market, thus slowing their introduction and impeding growth of this sector.

Opportunity

Technological Advances and Cost-Effective Equipment

Technology’s advancement has created opportunities in phototherapy equipment development at low costs. Improved healthcare infrastructure combined with cost-cutting solutions has expanded access to phototherapy services; creating opportunities for market players to serve a broader patient population and expand market penetration.

Comprehensive and Multidisciplinary Care

Phototherapy equipment market provides significant opportunities for comprehensive multidisciplinary care. Collaboration among dermatologists, pediatricians, neonatologists and other healthcare providers can improve treatment plans; thus presenting market growth through better patient outcomes and satisfaction.

Regional Analysis

Due to the rising incidence of acne-related problems, North America dominated the market in 2023 with 39.8% share and holding a USD 158.8 Million value for the Phototherapy Equipment Market. 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

North America

• The US
• Canada
• Mexico

Western Europe

• Germany
• France
• The UK
• Spain
• Italy
• Portugal
• Ireland
• Austria
• Switzerland
• Benelux
• Nordic
• Rest of Western Europe

Eastern Europe

• Russia
• Poland
• The Czech Republic
• Greece
• Rest of Eastern Europe

APAC

• China
• Japan
• South Korea
• India
• Australia & New Zealand
• Indonesia
• Malaysia
• Philippines
• Singapore
• Thailand
• Vietnam
• Rest of APAC

Latin America

• Brazil
• Colombia
• Chile
• Argentina
• Costa Rica
• Rest of Latin America

Middle East & Africa

• Algeria
• Egypt
• Israel
• Kuwait
• Nigeria
• Saudi Arabia
• South Africa
• Turkey
• United Arab Emirates
• Rest of MEA

Key Players Analysis

Key players within the medical device and dermatology equipment sectors play a vital role in producing and disseminating such devices. Regulators’ standards and ongoing research and development initiatives help shape the landscape for phototherapy treatments, guaranteeing their safety and efficacy.

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

• Signify Holding
• GE Healthcare
• Natus Medical Incorporated
• Hebert Waldmann GmbH & Co. KG
• Nice Neotech Medical Systems Pvt. Ltd.
• Atom Medical Corporation
• Phoenix Medical Systems Pvt. Ltd.
• National Biological Corp.
• Solarc Systems Inc.
• The Daavlin Company

Recent Developments

Signify Holding

• March 2023: global leader in lighting solutions, recently unveiled their BlueLED phototherapy system for treating neonatal jaundice more efficiently and cost effectively than traditional phototherapy units.

GE Healthcare

• May 2023: GE Healthcare unveiled their Lucivera phototherapy system, featuring a compact design and intuitive user interface for treating various skin conditions including psoriasis, eczema and vitiligo.

Natus Medical Incorporated

• June 2023: Natus Medical Incorporated, a provider of medical devices and software, acquired PhotoMedics – a manufacturer of phototherapy equipment – further strengthening Natus’ position in the phototherapy market.

Hebert Waldmann GmbH & Co. KG

• July 2023: German medical device company Hebert Waldmann GmbH & Co. KG received CE marking for their MediLight 2000 phototherapy device designed to treat skin conditions including psoriasis, eczema and acne.

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