Phototherapy equipment market is anticipated to grow at a CAGR of 5.2% during the forecast period (2023-2030) owing to increase in the prevalence of skin diseases, rise in incidence of neonatal jaundice, continuous technological advancements in the area of phototherapy, and adoption of LED-based phototherapy equipment. Phototherapy equipment is used for the treatment of various skin-related diseases such as mycosis fungoides, psoriasis, morphea, vitiligo, and others.
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The global phototherapy equipment market is segmented by product, application, and end-user. Based on the product, the market is sub-segmented into conventional phototherapy equipment, led phototherapy equipment, and fiber optic phototherapy equipment. Based on the application, the market is sub-segmented into skin disease treatment and neonatal jaundice management. Further, based on end-users, the market is sub-segmented into hospitals, clinics, and home care. Among the products, the LED phototherapy equipment sub-segment is anticipated to hold a considerable share of the market. LED-based phototherapy is used to treat skin diseases such as fine lines, psoriasis, and acne. The rise in the number of people suffering from such skin conditions is expected to boost the demand for LED-based phototherapy devices. Acne is the most common skin condition that people experience. An estimated 80% of people ages 11 to 30 will have at least a mild form of acne making it the eighth most prevalent disease worldwide.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Phototherapy Equipment Market by Product
- Conventional Phototherapy Equipment
- LED Phototherapy Equipment
- Fiber Optic Phototherapy Equipment
Global Phototherapy Equipment Market by Application
- Skin Disease Treatment
- Mycosis fungoides
- Psoriasis
- Vitiligo
- Others (Eczema, Morphea)
- Neonatal Jaundice Management
Global Phototherapy Equipment Market by End-User
- Hospitals & Clinics
- Homecare
Company Profiles
- Aeroflow, Inc.
- Alfamedic s. r. o.
- Atom Medical Corporation
- GE HealthCare
- Herbert Waldmann GmbH & Co. KG
- Hill-Rom Holdings, Inc.
- Medela AG
- National Biological Corporation
- Natus Medical Inc.
- Nice Neotech Medical Systems Pvt. Ltd.
- Philips Lighting Holding B.V.
- Phoenix Medical Systems
- Signify Holding
- Solarc Systems Inc.
- SS TECHNOMED (P) LTD.
- The Daavlin Company
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global phototherapy equipment market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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