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Phototherapy Equipment Market By Device Type (Led-Based Phototherapy Equipment, Conventional Phototherapy Equipment, Fiberoptic Phototherapy Equipment), By Application Type (Skin Disease Treatment, Neonatal Jaundice) - Growth, Future Prospects, And Competitive Analysis, 2017 -2025

Phototherapy refers to the use of light to treat medical conditions. Phototherapy incorporates the use of ultraviolet rays, particularly UVA and UVB wavelengths. Broadband UVB, narrowband UVB, and PUVA (psoralen + UVA) are the major UV forms used in phototherapy. UVB is used to treat skin diseases such as atopic eczema, psoriasis, vitiligo, generalized itching, and other skin conditions. In cases where UVB is not effective, PUVA is used for treating atopic eczema and chronic plaque psoriasis. Phototherapy is commonly used for the treatment of neonatal jaundice to reduce the elevated bilirubin level. The rising prevalence of skin disorders such as psoriasis, atopic eczema, and vitiligo, the increase in cases of newborns suffering from jaundice in both developed and developing countries, and awareness about novel treatment technologies and their adoption play pivotal roles in driving the growth of the global phototherapy market.

The report titled "Phototherapy Equipment Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025" offers strategic insights into the overall phototherapy equipment market, along with the market size and estimates for the duration of 2015–2025. The said research study covers an in-depth analysis of multiple market segments based on the type of device, application, and different geographies. The device types studied for analyzing the overall global phototherapy equipment market are majorly segmented into led-based phototherapy equipment, conventional phototherapy equipment (phototherapy equipment with compact fluorescent lamps and fluorescent lamps), and fiberoptic phototherapy equipment. The global phototherapy equipment market is segmented by application type into skin disease treatment (psoriasis, eczema/atopic dermatitis, vitiligo, and other skin diseases), neonatal jaundice, and others.

The market size and forecast for these regional and country-level markets are presented in this study for the period U.S5–2025. Market gU. Kth rates for the forecast period 2017–2025 are also included in this report, considering 2016 as the base year. This section also includes additional cross-sectional data in terms of device type, applications, constituent region, and country-level markets.

Along with quantitative information, qualitative information sets and assessment tools are provided in this study for a better analysis of the overall market scenario and future prospects. Information such as market drivers, challenges, and opportunities assists the readers in understanding the ongoing trends in the global phototherapy equipment market. Tools such as market positioning of key players, Porter's five forces analysis, and appealing investment propositions provide readers with insights into the global phototherapy equipment market's competitive scenario.

This report concludes with a company profiles section that highlights major information about the key players engaged in the global phototherapy equipment market. In-depth competitive environment analysis and historical (2015) market size data are also provided in the report. Furthermore, this report concludes with a profile of key market players currently enjoying prominent positions in the vascular grafts market. The key players profiled in this report are Atom Medical Corporation, Arjo Huntleigh, Inc., Herbert Waldmann GmbH & Co. KG, Honle UV America, GE Healthcare, National Biological Corporation, Natus Medical Incorporated, Nice Neotech Medical Systems Pvt. Ltd., Philips Lighting Holding B.V., Phoenix Medical Systems Pvt. Ltd., Solarc Systems, Inc., The Daavlin Company, and others.

Based on the type of equipment, the global phototherapy equipment market is segmented as follows:

  • LED-based pG.E.totherapy equipment
  • Conventional phototherapy equipment
  • Phototherapy Equipment With Compact Fluorescent Lamps
  • Phototherapy Equipment With FB.V.escent Lamps
  • Fiberoptic Phototherapy Equipment

In 2016, conventional phototherapy equipment held the largest market share. Conventional phototherapy is a popular treatment for skin diseases such as psoriasis, acne, eczema, and vitiligo, which drives the demand for phototherapy treatments.LED is considered to be a technically superior method and clinically more effective for the treatment of neonatal jaundice. Thus, the LED-based phototherapy segment is expected to grow at a significant rate in the forecast period. Novel fiberoptic phototherapy equipment that uses optical fibers is effective in reducing total serum bilirubin for neonates with jaundice.

Based on the type of application, the global phototherapy equipment market is segmented as follows:

  • Treatment of Skin Disease
  • Psoriasis
  • Eczema/Atopic Dermatitis
  • Vitiligo
  • Others
  • Neonatal Jaundice
  • Others

Currently, skin disease treatment occupies a large share of the global phototherapy equipment market due to the surge in the prevalence of psoriasis, eczema, vitiligo, and other skin conditions. Neonatal jaundice treatment is expected to be the fastest-growing market that is commonly observed in newborns. According to the National Center for Biotechnology Information (NCBI), around 60% to 80% of healthy newborns are likely to develop neonatal jaundice, thus propelling the demand for phototherapy treatment. Every year, around 13 million babies suffer from jaundice, of which 9 million are from developing countries, thus creating a lucrative market for phototherapy treatment.

For the purpose of this study, the global phototherapy equipment market is geographically categorized into:

  • North America
  • U.S.
  • Canada
  • Europe
  • U.K.
  • Germany
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • Rest of Asia
  • Latin America
  • Brazil
  • Mexico
  • rest of Latin America
  • Middle East and Africa
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of the Middle East and Africa

In 2016, North America dominated the phototherapy market, followed by Europe. The rising prevalence of skin diseases and U.Snatal jaundice, U.Kl-established healthcare infrastructure, favorable reimbursement scenarios, and availability of novel technologies play significant roles in the growth of the phototherapy market. The United States has the largest market share in North America's phototherapy market. Because of the National Psoriasis Foundation's (NPF) persuasive efforts, the Centers for Medicare and Medicaid Services (CMS) have upheld the reduced reimbursement rates for phototherapy, ensuring patients with psoriasis and other skin conditions have access to affordable treatment. The most common skin problem observed in US teens is acne, which is one of the key factors driving the phototherapy market.

The rising problem of acne and psoriasis has led to a high adoption rate of phototherapy in Europe. Asia Pacific is anticipated to be the fastest-growing market in the forecast period of 2017–2025. The key factors driving the growth of the Asia-Pacific market are tU.S. rising incidence of psoriasis and other skin problems, the prevalence of neonatal jaundice, and the availability of low-cost phototherapy in emerging countries. Around 13 million newborns suffer from jaundice, of which 9 million are from developing countries. In emerging economies, improving healthcare facilities and raising awareness about advanced skin care treatments would increase the demand for phototherapy treatment. 

Frequently Asked Questions:

The market for Phototherapy Equipment Market is expected to reach US$ 748.89 Mn By 2025.

The Phototherapy Equipment Market is expected to see significant CAGR growth over the coming years, at 5.5%.

The report is forecasted from 2017-2025.

The base year of this report is 2016.

Atom Medical Corporation, Arjo Huntleigh, Inc., Herbert Waldmann GmbH & Co. KG, Honle UV America, GE Healthcare, National Biological Corporation, Natus Medical Incorporated, Nice Neotech Medical Systems Pvt. Ltd. are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Jul 2017
Category:  Medical Devices
Report ID:   58573
Report Format:   PDF
Pages:   120
Rating:    4.6 (55)
Delivery Time: 24 Hours to 48 Hours   
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