Phototherapy Equipment Market Overview
Phototherapy, also known as heliotherapy—is based on contact to daylight or to definite wavelengths of light by use of polychromatic polarized light, lasers, fluorescent lamps, dichroic lamps, light-emitting diodes, or very bright, full-spectrum light. The light is dispensed for a stipulated amount of time and, in some cases, at a particular time of day. Phototherapy is a process which uses light to treat medical conditions. Sunlight has been recognized to be very useful for particular skin diseases and the UV part of the radiation emitted by the sun is used in phototherapy, specifically the ultraviolet B (UVB) and ultraviolet A (UVA) wavelengths. The light is administered for a specific amount of time and of a specified wavelength. There are four main types of phototherapy broadband UVB (290 nm-320nm), narrow band phototherapy (311nm-312nm) and PUVA (Psorlaen UVA) and UV A1 (340nm-400nm). UV B is the most common type of phototherapy for treatment of skin related diseases. Atopic eczema, generalized itching, psoriasis, lichenoides, dermatitis, T cell lymphomas, vitiligo PUVA (Psorlaen and UVA) is indicated for chronic plaque psoriasis and atopic eczema whenever UVB is not able to treat effectively.
Market Size & Forecast
The existing conditions of skin disorders across the globe have generated demand for the phototherapy equipment market. The escalating incidence of neonatal jaundice throughout the developed and developing countries had propelled the market, along with the technological advancements. The phototherapy equipment market is thus estimated to expand at a robust CAGR over the forecast period.
Skin Disease Treatment is anticipated to govern the phototherapy equipment market on account of prevailing incidence of severe skin disorders such as eczema, psoriasis and acne. Hospitals segment is witnessing huge market share due to the presence of large number of hospitals in developed and developing countries. The rising demand for advanced treatment methods for various skin diseases, growing occurrence of neonatal jaundice and cancer are providing a robust market growth. The growing severity of skin diseases and disorders are providing a healthy market growth of global phototherapy equipment market in forecast period.
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On the basis of regional platform, global phototherapy equipments market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
North America is leading the global phototherapy equipment market owing to increasing awareness among the people towards the use of new technologies that will offer a profitable market for phototherapy equipment. The supremacy of the region is credited by various factors such as the rising occurrence of neonatal jaundice and skin diseases. Besides this, overall the region boosts high level of sophisticated healthcare infrastructure. These, along with numerous initiatives by governments to make sure improved health in new born, have tilted the scales in favor of the phototherapy equipment market in North America.
Asia Pacific region market is considered to be rapidly evolving. This region is anticipated to provide a robust growth of the global phototherapy equipment market owing to the rising preterm birth in developing nations and investment in upgrading distribution channels that provide attractive opportunities for the phototherapy equipment market in the Asia- pacific region.
Market Segmentation
Our-in depth analysis of the Global phototherapy equipment market includes the following segments:
By Product Type
- Portable LED Lamps
- Bed type LED Lamps
- Neonatal Incubators with LED lamps
By Application
- Skin Disease Treatment
- Neonatal Jaundice Management
By Equipment Types
- Led-Based Phototherapy Equipment
- Conventional Phototherapy Equipment
o Conventional Phototherapy Equipment With Compact Fluorescent Lamps
o Conventional Phototherapy Equipment With Fluorescent Lamps
- Fiber optic Phototherapy Equipment
By End-User
- Hospitals
- Clinics
- Home Care Settings
By Region
Global phototherapy equipment market is further classified on the basis of region as follows:
- North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Growth Drivers & Challenges
Phototherapy equipment sector is budding with increasing technological developments. For instance, D-Rev, Design Revolution, a non-profit design firm launched LEDs for the treatment of neonatal jaundice. This device has showed to be more energy-efficient, which lasts 10 times longer than the traditional devices and is also moderately cheaper. High occurrence of skin diseases is directing to widespread growth of phototherapy equipment market. Skin diseases such as psoriasis, eczema, and acne related problems are rising to a great extent. The increasing prevalence of neonatal jaundice is driving the phototherapy equipment market further. Growing technological innovations such as automated platforms comprise new CFL phototherapy units that are majorly encouraging the phototherapy equipment market.
However, use of alternative mode of treatment such as topical and systemic therapy is restraining the market.
Top Featured Companies Dominating The Market
- Koninklijke Philips
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Phoenix Medical Systems Pvt. Ltd.
- Nice Neo tech Medical Systems Private, Ltd.
- Honle UV America, Inc.
- Favoro Health Projects spa
- Solarc Systems, Inc.
- Arjo huntlleigh
- GE Healthcare
- Herbert Waldmann GmbH & Co. Kg
- Natus Medical Incorporated
