Phototherapy Equipment Market

Market Overview:

The global phototherapy equipment market size reached US$ 907.2 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,327.5 Million by 2032, exhibiting a growth rate (CAGR) of 4.2% during 2024-2032.The growing cases of skin disorders, increasing integration of smart features and connectivity, and rising demand for advanced features offering energy efficiency, longer lifespan, and precise wavelength control are some of the major factors propelling the market.

Phototherapy equipment refers to specialized devices and systems designed to deliver light therapy as a treatment modality for various medical conditions. It involves the controlled exposure of specific wavelengths of light, such as ultraviolet (UV) or visible light, to the skin or body to achieve therapeutic effects. It helps reduce inflammation, slow down the growth of skin cells, and promote healing. It is used to treat skin conditions, such as psoriasis, eczema, vitiligo, and acne. It is also utilized for the treatment of neonatal jaundice, a condition caused by the accumulation of bilirubin in newborns.

At present, the increasing demand for phototherapy equipment due to the rising number of newborns with jaundice is impelling the growth of the market. Besides this, the rising popularity of light emitting diode (LED) based phototherapy equipment, as it offers several advantages, such as energy efficiency, longer lifespan, and precise wavelength control, is contributing to the growth of the market. In addition, the growing development of advanced phototherapy equipment with improved features and functionalities, such as adjustable intensity, wavelength control, and integration of phototherapy with other treatment modalities, is offering a favorable market outlook. Apart from this, the increasing awareness about the benefits of phototherapy in various dermatological conditions is supporting the growth of the market. Additionally, the rising implementation of reimbursement policies by government and private insurance companies to promote the adoption of phototherapy equipment is bolstering the growth of the market.

Phototherapy Equipment Market Trends/Drivers:

Rising cases of skin disorders

The growing prevalence of skin disorders, such as psoriasis, eczema, vitiligo, and atopic dermatitis, is resulting in an increased demand for effective treatment options. Phototherapy is recognized as a clinically proven and widely accepted treatment for these conditions. As more individuals are diagnosed with skin disorders, the demand for phototherapy equipment is also rising. It provides targeted exposure to ultraviolet (UV) light, which helps to reduce inflammation, itchiness, and other symptoms associated with these conditions. Phototherapy is considered safe and well-tolerated, compared to systemic medications or topical treatments. As a result, patients and healthcare professionals are increasingly opting for phototherapy equipment as a preferred treatment option.

Increasing adoption of home-based phototherapy

Home-based phototherapy allows patients to receive treatment in the comfort of their own homes. This eliminates the need for frequent visits to clinics or hospitals, saving time and effort for patients and their caregivers. By utilizing phototherapy equipment for home use, patients who live in remote areas or have limited access to healthcare facilities can still receive effective treatment without the need to travel long distances. Home-based phototherapy is considered to be a more affordable alternative, especially for individuals who require long-term treatment. Moreover, it allows patients to maintain their privacy while still receiving the necessary care. Furthermore, to minimize the risk of exposure to the virus, many patients and healthcare providers are turning to home-based therapies, including phototherapy.

Growing integration of smart features and connectivity

Smart features and connectivity enable healthcare professionals to remotely monitor and control phototherapy devices. This allows for real-time tracking of treatment progress, adjustment of settings, and timely intervention if necessary. Patients can also benefit from this connectivity by receiving personalized treatment recommendations and feedback, ensuring a more effective and efficient therapy. Smart features can provide patients with reminders, notifications, and educational resources related to their phototherapy treatment. This helps to increase patient engagement and adherence to the prescribed therapy regimen. By providing personalized information and support, smart features encourage patients to actively participate in their treatment, leading to better outcomes. Smart phototherapy equipment can integrate with other health monitoring systems, such as electronic health records (EHRs) or wearable devices. This integration enables a holistic approach to patient care, where phototherapy data can be correlated with other health metrics and medical history.

Phototherapy Equipment Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global phototherapy equipment market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on type, application and end user.

Breakup by Type:

• Conventional Phototherapy Equipment
  • Conventional Phototherapy Equipment with Fluorescent Lamp
  • Conventional Phototherapy Equipment with Compact Fluorescent Lamp
• LED Phototherapy Equipment
• Fiberoptic Phototherapy Equipment
   

Conventional phototherapy equipment dominates the market

The report has provided a detailed breakup and analysis of the market based on the type. This includes conventional phototherapy equipment (conventional phototherapy equipment with fluorescent lamps and conventional phototherapy equipment with compact fluorescent lamps), LED phototherapy equipment, and fiberoptic phototherapy equipment. According to the report, conventional phototherapy equipment (conventional phototherapy equipment with fluorescent lamps and conventional phototherapy equipment with compact fluorescent lamps) represented the largest segment.

Conventional phototherapy equipment refers to the use of light therapy as a treatment method for various medical conditions. They utilize fluorescent lamps for treating various skin conditions. The equipment consists of specialized fluorescent lamps that emit specific wavelengths of light, typically in the ultraviolet (UV) spectrum. These lamps are designed to emit primarily narrowband UVB (NB-UVB) light or UVA light, depending on the specific treatment requirements. The affected areas of the skin, or sometimes the entire body, are exposed to the emitted light. The duration of exposure and the distance between the lamps and the skin of the patient are carefully determined by the healthcare professional based on the condition and response of an individual to treatment.

Breakup by Application:

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

Skin disease treatment holds the largest share of the market

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes skin disease treatment (psoriasis, vitiligo, eczema, and others) and neonatal jaundice management. According to the report, skin disease treatment (psoriasis, vitiligo, eczema, and others) accounted for the largest market share.

Phototherapy offers an effective treatment for several skin conditions. The specific wavelengths of light used in phototherapy can help reduce inflammation, slow down the growth of skin cells, and promote healing. Phototherapy is a non-invasive treatment method, meaning it does not involve surgical procedures or the use of medications. This makes it a favorable option for individuals who prefer non-pharmacological approaches or cannot tolerate certain medications. Phototherapy also helps suppress the overactive immune response seen in conditions like psoriasis, reducing redness, swelling, and itching. It can slow down abnormal cell proliferation, leading to a decrease in the thickness and scaling of the affected skin. In certain autoimmune skin diseases, such as vitiligo and alopecia areata, the immune system mistakenly attacks healthy cells, leading to depigmentation or hair loss. Phototherapy can help modulate the immune response, reducing this attack on the tissues in the body.

Breakup by End User:

• Hospitals and Clinics
• Home Users
   

Hospitals and clinics hold the maximum share in the market

A detailed breakup and analysis of the market based on the end-user have also been provided in the report. This includes hospitals and clinics and home users. According to the report, hospitals and clinics accounted for the largest market share.

Hospitals and clinics require phototherapy equipment as it is a well-established and effective treatment method for various skin conditions. By offering phototherapy services, hospitals, and clinics can provide patients with access to a clinically proven treatment option. This is especially important for individuals who may not respond well to other treatment modalities or who prefer non-pharmacological approaches. Phototherapy equipment is essential in dermatology departments and specialized clinics where patients with conditions, such as psoriasis, vitiligo, eczema, and neonatal jaundice, are treated. These conditions significantly impact the quality of life of a person, and phototherapy offers a viable solution. The availability of phototherapy equipment also enables hospitals and clinics to provide comprehensive and multidisciplinary care. Dermatologists, pediatricians, neonatologists, and other healthcare professionals can collaborate to develop treatment plans that incorporate phototherapy. This integrated approach ensures that patients receive the most appropriate and effective care, with the ability to address the unique needs of each individual.

Breakup by Region:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

North America exhibits a clear dominance, accounting for the largest phototherapy equipment market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share.

North America held the biggest market share since the region has a well medical infrastructure and heavily invests in research operations to improve the functionalities of phototherapy equipment. Besides this, the high prevalence of skin diseases, such as psoriasis, eczema, and vitiligo, is propelling the growth of the market.

Another contributing aspect is the focus on providing comprehensive care for patients with skin diseases. In addition, the growing awareness among both healthcare professionals and the general population about the benefits of phototherapy for treating skin diseases is offering a favorable market outlook.

Asia Pacific is estimated to expand further due to the rising construction of hospitals and specialized clinics to offer effective healthcare solutions. Apart from this, the increasing healthcare expenditure among the masses is contributing to the growth of the market.

Competitive Landscape:

Key market players are developing advanced LED-based phototherapy systems that offer precise light delivery, energy efficiency, and longer lifespan compared to traditional fluorescent lamps. They are also introducing smart and connected lighting solutions that allow for personalized and remote control of phototherapy treatments, enhancing convenience for both patients and healthcare providers. Top companies are focusing on improving the efficiency and effectiveness of their products by introducing innovative features, such as built-in timers, adjustable height stands, and improved safety measures. They are also introducing compact and mobile devices that provide effective treatment for neonatal jaundice while ensuring maximum comfort and safety for newborns. Leading companies are developing ergonomically designed devices that offer precise and uniform light distribution, minimizing the risk of uneven treatment.

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

• Atom Medical Corporation
• AVI Healthcare Private Limited
• General Electric Company
• Herbert Waldmann GmbH & Co. KG
• Ibis Medical Equipment & Systems Pvt Ltd
• Koninklijke Philips N.V.
• Narang Medical Limited
• National Biological Corporation
• Natus Medical Incorporated
• Nice Neotech Medical Systems Pvt. Ltd.
• Phoenix Medical Systems Pvt. Ltd.
• Solarc Systems Inc.

Recent Developments:

• In 2021, Phoenix Medical Systems Pvt. Ltd. announced the launch of Nymphaea, which is a sleek and light weight blue LED phototherapy equipment that can be employed in conjunction with any warmer, bassinet, and incubator to cure neonatal jaundice.
• In April 2022, Koninklijke Philips N.V. announced that it signed a long-term strategic partnership with Oulu University Hospital in Finland to develop advanced image-guided specialist care to improve operational efficiency and improve outcomes in the healthcare industry.

Phototherapy Equipment Market Report Scope:

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the phototherapy equipment market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global phototherapy equipment market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the phototherapy equipment industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.