Reports

- Global Locations -

Headquarters

Future Market Insights, Inc.

Christiana Corporate, 200
Continental Drive, Suite 401,
Newark, Delaware - 19713,
United States

T: +1-845-579-5705

Americas

Future Market Insights, Inc.

616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989, United States

T: +1-347-918-3531

MEA

Future Market Insights

1602-6 Jumeirah Bay X2 Tower, Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates

Europe

Future Market Insights

3rd Floor, 207 Regent Street,
W1B 3HH London
United Kingdom

T: + 44 (0) 20 8123 9659
D: +44 (0) 20 3287 4268

Asia Pacific

Future Market Insights

IndiaLand Global Tech Park, Unit UG-1, Behind Grand HighStreet, Phase 1, Hinjawadi, MH, Pune – 411057, India

Phototherapy Equipment Market Overview

Global phototherapy equipment market sales were valued at around US$ 571.8 Mn at the end of 2021. The market is projected to register a 5.8% CAGR and top a valuation of US$ 1109.6 Mn by 2032.

“Increasing prevalence of neonatal jaundice, rising awareness regarding easy availability and increasing research and development activity will anticipate bolstering the overall phototherapy equipment market.”

The terms heliotherapy and light therapy are also used to describe phototherapy. To treat certain medical diseases, phototherapy involves exposing patients to fluorescent light bulbs or other types of light, such as sunlight, halogen lights, and light-emitting diodes. Jaundice, vitiligo and psoriasis are conditions that can be treated using phototherapy, which involves exposing the patient to either indoor or outdoor artificial or natural light sources.

Transcutaneous bilirubin meters, jaundice meters, radiant warmers, oxygen hoods, and other fiberoptic phototherapy devices are some of the standard equipment used in the procedure. Phototherapy equipment is usually used along with overhead light-emitting diode (LED) and halogen systems to reduce wrinkles, skin damage from the sun and stretch marks while improving facial texture and speeding up the healing of wounds.

Attributes

Details

Phototherapy Equipment Market Value in 2021

US$ 571.8 Mn

Phototherapy Equipment Market Value in 2032

US$ 1109.6 Bn

Phototherapy Equipment Market CAGR (2022-2032)

5.8%

Don't pay for what you don't need

Customize your report by selecting specific countries or regions and save 30%!

What Are The Major Drivers Boosting The Demand For Phototherapy Equipment?

The rise in low-weight births and premature as well as the prevalence of severe skin conditions like rosacea, eczema, acne and hives which has led to an increase in treatment options to reduce infant jaundice mortality rates are driving the rapid growth of the global phototherapy market. Additionally, it is anticipated that the increasing use of LED-based phototherapy equipment will accelerate the growth of the phototherapy market.

It is projected that increased patient awareness of advanced treatment choices and better healthcare infrastructure will fuel market expansion. The availability of phototherapy equipment for home use is also anticipated to increase demand among people with skin conditions.

Neonatal jaundice can also be treated with phototherapy. The newborns receive this treatment where they are exposed to fluorescent light, which speeds up their recovery. Due to all these factors, the demand for the phototherapy equipment market is increasing.

Which Region Shows Strong Growth Potential In Phototherapy Equipment Market?

A significant portion of the phototherapy equipment market share is expected to be hold by North America, which will exhibit a sharp increase in the annual growth rate. This can be largely due to the rise in neonatal jaundice cases and other skin-related conditions.

Furthermore, during the projected period, it is anticipated that better healthcare infrastructure and increasing public awareness of modern treatment options will enhance the market for phototherapy equipment in this region.

The increasing popularity of medical tourism in the region, the government increasing support for healthcare initiatives and the expansion of major regional market players as well as the availability of inexpensive phototherapy equipment in China and India contribute to the East and South Asia region expect strong growth.

Sabyasachi Ghosh
Sabyasachi Ghosh

Principal Consultant

Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Who Are The Key Market Players Of The Phototherapy Equipment Market?

Some of the key market players present in the phototherapy equipment industry are GE Healthcare, Aeroflow Healthcare, The Daavlin Company, Philips Lighting Holding B.V., Hill-Rom, Herbert Waldmann GmbH & Co. KG, Solarc Systems Inc., Medela AG, National Biological Corp., Natus Medical Incorporated and Phoenix Medical Systems Pvt. Ltd.

Key Segments

Report Attributes

Details

Growth Rate

CAGR of 5.8% 2022-2032

Base Year for Estimation

2021

Historical Data

2012-2021

Forecast Period

2022-2032

Qualitative Units

Revenue in USD Million, Volume in Units and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segment Covered

  • Product
  • Application
  • End User
  • Region

Region Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • China
  • Japan
  • South Korea
  • Malaysia
  • Singapore
  • Australia
  • New Zealand
  • GCC
  • South Africa
  • Israel

Key Players

  • GE Healthcare
  • Aeroflow Healthcare
  • The Daavlin Company
  • Philips Lighting Holding B.V.
  • Hill-Rom
  • Herbert Waldmann GmbH & Co. KG
  • Solarc Systems Inc.
  • Medela AG
  • National Biological Corp.
  • Natus Medical Incorporated
  • Phoenix Medical Systems Pvt. Ltd

Customization

Available Upon Request

Get the data you need at a Fraction of the cost

Personalize your report by choosing insights you need
and save 40%!

Key Segments Covered In The Phototherapy Equipment Industry Survey

By Product:

  • Fiber Optic
  • LED-based
  • Conventional
  • Others

By Application:

  • Skin Disease Treatment
  • Psoriasis
  • Vitiligo
  • Eczema
  • Neonatal Jaundice Management
  • Others

By End User:

  • Hospitals
  • Dermatology Clinics
  • Homecare Settings

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

Frequently Asked Questions

What is the Growth Outlook for the Global Phototherapy Equipment?

The global phototherapy equipment market is anticipated to register a CAGR of 5.8% during the forecasted period.

What is the Projected Value of the Global Phototherapy Equipment Market in 2032?

The global phototherapy equipment market is projected to be about US$ 1109.6 Mn by the end of year 2032.

Explore Healthcare Insights

View Reports

Phototherapy Equipment Market

Schedule a Call