IMARC Group’s report titled “Phototherapy Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The global phototherapy equipment market size, share, trends, growth, analysis and report. The global phototherapy equipment market size reached US$ 865.7 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,153.5 Million by 2028, exhibiting a growth rate (CAGR) of 4.8% during 2023-2028.
Phototherapy equipment refers to medical devices designed to administer a non-invasive treatment method that utilizes specific wavelengths of light to address various medical conditions. It is engineered to emit light at precise wavelengths, targeting requirements effectively without causing harm to surrounding tissues. It incorporates safety features like timers and sensors to prevent excessive exposure and protect patients from potential side effects. It ensures the even distribution of light and aids in minimizing the risk of uneven treatment results. It helps manage chronic pain conditions like arthritis and fibromyalgia by reducing inflammation and stimulating tissue repair. It is widely used in dermatology clinics to treat various skin conditions like psoriasis, eczema, and vitiligo.
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Phototherapy Equipment Market Trends and Drivers:
The increasing prevalence of skin conditions, which include psoriasis, eczema, and vitiligo, represents one of the key factors catalyzing the demand for phototherapy equipment. Additionally, the rising preferences for non-invasive treatment options are driving the adoption of phototherapy equipment due to its non-surgical and low-risk nature. Apart from this, the growing global aging population, which is more susceptible to various health conditions like psoriasis and photodamage, is supporting the market growth. Furthermore, the expansion of dermatology clinics and skin care centers is driving the demand for phototherapy equipment worldwide. Moreover, the advent of telemedicine and the development of portable phototherapy devices are enabling patients to receive treatment at home.
Competitive Landscape with Key Player:
- 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.
Report Segmentation:
The report has segmented the market into the following categories:
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
Breakup by Application:
- Skin Disease Treatment
- Psoriasis
- Vitiligo
- Eczema
- Others
- Neonatal Jaundice Management
Breakup by End User:
- Hospitals and Clinics
- Home Users
Market 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
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