Phototherapy Equipment Market by Product (Conventional Phototherapy Equipment, Fiber Optic Phototherapy Equipment, LED Phototherapy Equipment), Radiation (Ultraviolet A (UVA), Ultraviolet B (UVB), Ultraviolet C (UVC)), Application, End-User - Global Forec

Phototherapy Equipment Market by Product (Conventional Phototherapy Equipment, Fiber Optic Phototherapy Equipment, LED Phototherapy Equipment), Radiation (Ultraviolet A (UVA), Ultraviolet B (UVB), Ultraviolet C (UVC)), Application, End-User - Global Forecast 2024-2030

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.

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.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Phototherapy Equipment Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Increasing incidence of neonatal jaundice and skin disorders
Rising preference for home phototherapy care

Market Restraints

Adverse recalls of phototherapy units and devices

Market Opportunities

Advancements in design and performance of phototherapy equipment
Establishments and expansion of dermatology and phototherapy centers

Market Challenges

Technical limitations and operational issues of phototherapy equipment

Market Segmentation Analysis

Product: Emerging preference for LED phototherapy for its energy efficiency and treatment precision
End-User: Emerging application of phototherapy equipment in homecare settings

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Phototherapy Equipment Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment 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, namely 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 assessment of the current state of vendors in the Phototherapy Equipment Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. 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 these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Second Hospital in Rajkot Gets Special Neonatal Care Unit

The Cottage Hospital announced the inauguration of its specialized neonatal care unit (SNCU), marking a pivotal step forward in the district administration’s health initiatives and a significant advancement for neonatal care in Rajkot’s Upleta town. This new facility involves innovative LED phototherapy equipment that aims to provide crucial treatment for jaundice, while the inclusion of a modern bubble CPAP machine, an oxygen concentrator, and a mobile X-ray unit ensures comprehensive support for premature infants, including those suffering from sepsis, hypothermia, hypoglycemia, low birth weight, seizure disorders, and more, reflecting a significant leap towards improving infant care and survival rates in the region.

Baby Harrison Becomes First To Receive Pioneering Home Phototherapy from George Eliot

The Neonatal Community Outreach Service introduced a Home Phototherapy treatment, heralding a significant advancement in neonatal care. The Home Phototherapy option, facilitated by the Bilicocoon system, offered the convenience and comfort of administering effective treatment in their own environment. This pioneering service demonstrates a model for delivering neonatal care that prioritizes family well-being alongside clinical outcomes, showcasing a promising path forward for similar cases.

Newton Company's Bili-Hut Blue Light Device Saving Newborns From Jaundice In Ukraine

Little Sparrows Technologies, developed an innovative phototherapy device known as the bili-hut to address the issue of neonatal care, as many infants born in less-than-ideal conditions facing the risk of life-threatening jaundice. This device is uniquely designed to be flat-packed, lightweight, and highly effective, making it suitable for rapid deployment to treat newborn jaundice by facilitating the breakdown of excess bilirubin.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Phototherapy Equipment Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

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, Drägerwerk 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 Neötech Medical Systems Pvt Ltd., Ningbo David Medical Device Co., Ltd., NOVOS Medical Systems, Phoenix Medical Systems, S S Technomed (P) Ltd, Schulze & Böhm 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

Please Note: PDF & Excel + Online Access - 1 Year