Global Phototherapy Equipment Market -2024-2031

Global Phototherapy Equipment Market -2024-2031

Global Phototherapy Equipment Market reached US$ YY million in 2023 and is expected to reach US$ YY million by 2031, growing with a CAGR of YY % during the forecast period 2024-2031.

Phototherapy equipment is used in medical settings to treat various skin conditions, primarily those related to dermatology and neonatal care. It involves the use of specific wavelengths of light to target and treat affected areas. These units emit ultraviolet (UV) light, which is effective in treating conditions like psoriasis, eczema, vitiligo, and some types of dermatitis.

There are different types of UV light used, including UV-A, UV-B, and UV-C, with varying penetration depths and therapeutic effects. Some simpler phototherapy devices are designed for home use under the guidance of a healthcare professional. These devices are often used for treating mild to moderate cases of conditions like psoriasis or eczema, providing patients with more convenient access to treatment.

Market Dynamics: Drivers and Restraints

Rising prevalence of skin disorders

The prevalence of skin disorders such as psoriasis, eczema, vitiligo, acne, and dermatitis is increasing globally. As a result, there is a growing demand for effective treatment options, including phototherapy, which drives the market for phototherapy equipment. As the prevalence of skin disorders such as psoriasis, eczema, vitiligo, acne, and dermatitis rises, there is a corresponding increase in the demand for effective treatment options. Phototherapy is recognized as a safe and efficacious treatment modality for many of these conditions, leading to higher demand for phototherapy equipment.

With more individuals affected by skin disorders, there is a larger patient pool seeking treatment. This translates to increased footfall in dermatology clinics, hospitals, and other healthcare facilities where phototherapy equipment is utilized, driving the need for more equipment to meet the growing demand. Thus rise of skin diseases helps to accelerates the market growth.

For instance, according to article published in NIH 2022, estimated that, in the U.S., 31.6 million people have at least one form of eczema. This skin condition affects all races, ethnicities, genders, and ages. But eczema can be slightly less or more common in specific groups. Out of every 10 people, one will have eczema sometime in their life. You are more likely to develop the condition as a child. Today, around 9.6 million kids under the age of 18 in the U.S. have eczema. A third of these children have moderate to very bad forms of the condition. Thus above factors helps to accelerates the market growth.

Market Dynamics: Restraint

Side effects associated with the products

While phototherapy is generally considered safe, there are potential side effects associated with prolonged or excessive exposure to ultraviolet (UV) light. These may include skin irritation, erythema (redness), dryness, and an increased risk of skin cancer. Concerns about side effects may lead some patients and healthcare providers to opt for alternative treatment modalities, thereby limiting the demand for phototherapy equipment.

For instance, Phototherapy can cause skin irritation, redness, and increased sensitivity to sunlight, especially in patients with fair or sensitive skin. Some individuals may experience discomfort or exacerbation of their skin condition during or after treatment, leading to reluctance in continuing phototherapy sessions. Additionally, some patients may develop hyperpigmentation or darkening of the skin in response to phototherapy, which can be cosmetically undesirable and may affect treatment compliance. Thus above factors restrain the market growth.

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Segment Analysis

The global phototherapy equipment market is segmented based on product, application, end-user and region.

The LED-based phototherapy segment from the product segment accounted for approximately 42.19% of share

LED-based phototherapy is widely used in dermatology for treating various skin conditions such as acne, psoriasis, eczema, vitiligo, and rosacea. LED devices emit specific wavelengths of light that target underlying causes of these conditions, promoting skin healing, reducing inflammation, and controlling symptoms. The scope in dermatology includes both clinical settings and home-based treatments.

LED-based phototherapy allows for gentle and continuous treatment of neonatal jaundice without interrupting essential care routines such as feeding, bonding, and skin-to-skin contact between the baby and parents. Babies can receive phototherapy while being held by their parents or while breastfeeding, promoting maternal-infant bonding and emotional well-being. The rise of new born babies helps to boost the segment growth.

For instance, according to World Counts 2023, estimated that, about 385,000 babies are born each day according to the UN. That adds up to more than 140 million a year. The 140 million extra babies per year join a world population projected to reach 10 billion people by 2056. Additionally, LED-based phototherapy is gaining popularity in the aesthetics industry for its ability to rejuvenate the skin, reduce wrinkles, and improve skin tone and texture.

LED devices stimulate collagen production, enhance cellular metabolism, and promote tissue repair, resulting in smoother, younger-looking skin. LED masks and handheld devices are commonly used for at-home and professional aesthetic treatments. Thus above factors helps to boost the segment growth.

Geographical Analysis

North America accounted for approximately 39.24% of the market share in 2022

North America has witnessed a rising prevalence of skin disorders such as psoriasis, eczema, acne, and vitiligo. As a result, there is a growing demand for effective treatment options, including phototherapy equipment. For instance, according to The Johns Hopkins University, estimated that, acne is very common. People of all races and ages have acne.

In fact, most people in the U.S. between 11 and 30 years old will be affected by it. Even people in their 40s and 50s can have acne. However, acne most often begins in puberty. During puberty, the male sex hormones (androgens) increase in both boys and girls. This causes the sebaceous glands to make more oil. Additionally, North America has one of the highest healthcare expenditures globally, with significant investments in medical technologies and treatments.

The availability of resources and funding for healthcare facilities has facilitated the adoption of advanced phototherapy equipment in hospitals, clinics, and dermatology practices across the region. Moreover, regulatory bodies in North America, such as the Food and Drug Administration (FDA) in the United States and Health Canada, play a crucial role in ensuring the safety and efficacy of medical devices, including phototherapy equipment. Regulatory approvals and clearances provide confidence to healthcare providers and patients, driving market growth in the North America region.

COVID-19 Impact Analysis

The COVID-19 pandemic disrupted global supply chains, leading to shortages of raw materials, components, and finished products. This disruption affected the production and distribution of phototherapy equipment, resulting in delays and shortages in some regions. During the height of the pandemic, many patients postponed or canceled non-urgent medical appointments, including dermatology visits for phototherapy treatments. This reduction in patient visits to healthcare facilities resulted in decreased utilization of phototherapy equipment in clinical settings.

Healthcare systems and resources were largely redirected towards addressing the COVID-19 pandemic, including the deployment of medical personnel, equipment, and facilities to treat COVID-19 patients. This diversion of resources may have limited the availability of phototherapy services and equipment for non-COVID-19-related conditions. The pandemic has heightened awareness of personal health and wellness, including skin health. With more people spending time indoors and experiencing stress-related skin conditions, there has been an increased interest in phototherapy and other non-invasive treatments for managing skin disorders and maintaining overall skin health.

Market Segmentation

By Product
• Fiber Optic Phototherapy Equipment
• Conventional Phototherapy Equipment
• LED Phototherapy Equipment

By Application
• Neonatal Jaundice Treatment
• Skin Disorders Treatment
• Others

By End-User
• Hospitals
• Clinics
• Homecare Settings
• Others

By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
UK
France
Italy
Spain
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
• Middle East and Africa

Competitive Landscape

The major global players in the market include Drägerwerk AG & Co. KGaA, Atom Medical Corporation, Daavlin Company, Hill-Rom Holdings, Inc, GE Healthcare, NEMS GmbH, Nice Neotech Medical Systems Pvt. Ltd, Natus Medical Incorporated, Philips Healthcare, Solarc Systems Inc among others.

Why Purchase the Report?
• To visualize the global phototherapy equipment market segmentation based on product, application, end-user and region as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of phototherapy equipment market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global phototherapy equipment market report would provide approximately 69 tables, 58 figures and 187 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies