HOME Top Market Reports Phototherapy Equipment Market by Type (Long lamp, CFL, LED, Fiber optic), Application (Skin diseases (psoriasis, vitiligo, eczema), Neonatal Jaundice), End-user, Geography (North America (USA, Canada), Europe, Asia-Pacific) - Global Forecast to 2021

Phototherapy Equipment Market by Type (Long lamp, CFL, LED, Fiber optic), Application (Skin diseases (psoriasis, vitiligo, eczema), Neonatal Jaundice), End-user, Geography (North America (USA, Canada), Europe, Asia-Pacific) - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: October 2016
Report Code: MD 4668

 

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The global phototherapy equipment market is projected to reach USD 583.4 Million by 2021, growing at a CAGR of 4.5% during the forecast period of 2016 to 2021. Currently, there is a growing demand for technologically advanced phototherapy equipment which are not only cost effective but also efficient and offer features that enhance user safety.

This report aims to define, describe, and forecast the global market on the basis of type, application, end user, and region. The main objectives of this report are to provide detailed information regarding major factors influencing growth of the market (drivers, restraints, opportunities, and industry-specific challenges), to analyze the opportunities in the market for key stakeholders and provide details of the competitive landscape for market leaders.

The research methodology used to estimate and forecast the market begins with capturing data on key vendor revenues through secondary research (such as company websites, annual reports, and press releases). The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with market experts such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.

Phototherapy Equipment Market

To know about the assumptions considered for the study, download the pdf brochure

Prominent players in the phototherapy equipment market include GE Healthcare (U.S.), Philips Lighting Holding B.V. (Netherlands), Natus Medical Incorporated (U.S.), Phoenix Medical Systems Pvt. Ltd. (India), Herbert Waldmann GmbH & Co. KG (Germany), Atom Medical Corporation (Japan), nice Neotech Medical Systems Pvt. Ltd. (India), National Biological Corp. (U.S.), and Solarc Systems Inc. (Canada).

Target Audience

  • Phototherapy equipment manufacturing companies
  • Phototherapy equipment accessories manufacturing companies
  • Phototherapy equipment suppliers and distributors
  • Neonatologists
  • Dermatologists
  • Distributors, suppliers, and commercial service providers
  • Hospitals and clinics
  • Research laboratories and academic institutes

“Study answers several questions for the stakeholders, primarily which market segments to focus in next two to five years (depends on range of forecast period) for prioritizing the efforts and investments”.

Scope of the Report

This report categorizes the global market into the following segments and subsegments:

Global Phototherapy Equipment Market, by Type

  • Convectional Phototherapy Equipment
    • Conventional Phototherapy Equipment with Fluorescent Lamp
      • Full-body Phototherapy Equipment
      • Partial-body Phototherapy Equipment
    • Conventional Phototherapy Equipment with Compact Fluorescent Lamp
  • LED Phototherapy Equipment
  • Fiberoptic Phototherapy Equipment

Global Phototherapy Equipment Market, by End User

  • Hospitals & Clinics        
  • Home Users

Global Phototherapy Equipment Market, by Application

  • Skin Disease Treatment
    • Psoriasis
    • Vitiligo
    • Eczema
    • Other Skin Diseases
  • Neonatal Jaundice Management

Global Phototherapy Equipment Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
  • Asia-Pacific
  • Rest of the World (RoW)

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

  • Geographical Analysis
    • Further breakdown of the phototherapy equipment market for
      • Europe
        1. Germany
        2. France
        3. Italy
        4. U.K.
        5. Spain
        6. Rest of Europe
      • Asia-Pacific
        1. India
        2. China
        3. Japan
        4. Rest of Asia-Pacific
  • Company Information
    • Detailed analysis and profiling of additional market players (up to 5)

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Research
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Research
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primary Interviews
    2.2 Market Size Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 25)
    3.1 Introduction
    3.2 Current Scenario
    3.3 Future Outlook
    3.4 Conclusion

4 Premium Insights (Page No. - 29)
    4.1 Global Phototherapy Equipment Market Overview
    4.2 Geographic Analysis: Market Share, By Type, 2015
    4.3 Geographical Snapshot of the Market 2015
    4.4 Life Cycle Analysis, By Region

5 Market Overview (Page No. - 33)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Rising Incidence of Neonatal Jaundice
                    5.2.1.2 Rising Number of Preterm and Low-Weight Births
                    5.2.1.3 Rising Prevalence of Skin Diseases
                    5.2.1.4 Launch of Technologically Advanced Phototherapy Equipment
                    5.2.1.5 Rising Adoption of Led-Based Phototherapy Equipment
           5.2.2 Restraints
                    5.2.2.1 High Use of Alternative Modes of Treatment
                    5.2.2.2 Stringent Fda Regulatory Policies for the Approval of New Devices
           5.2.3 Opportunities
                    5.2.3.1 Development of Low-Cost Phototherapy Equipment
                    5.2.3.2 Rising Adoption of Home Phototherapy for the Treatment of Skin Diseases
           5.2.4 Challenges
                    5.2.4.1 Rising Trend of Purchasing Refurbished Phototherapy Equipment in Emerging Markets
                    5.2.4.2 Limited Adoption of Phototherapy Equipment in Developing Nations

6 Phototherapy Equipment Market, By Type (Page No. - 38)
    6.1 Introduction
    6.2 Conventional Phototherapy Equipment
           6.2.1 Conventional Phototherapy Equipment With Fluorescent Lamps
                    6.2.1.1 Full-Body Phototherapy Equipment
                    6.2.1.2 Partial-Body Phototherapy Equipment
           6.2.2 Conventional Phototherapy Equipment With Compact Fluorescent Lamps
    6.3 Led-Based Phototherapy Equipment
    6.4 Fiberoptic Phototherapy Equipment

7 Global Phototherapy Equipment Market, By Application (Page No. - 49)
    7.1 Introduction
    7.2 Skin Disease Treatment
           7.2.1 Psoriasis
           7.2.2 Vitiligo
           7.2.3 Eczema/Atopic Dermatitis
           7.2.4 Other Skin Diseases
    7.3 Neonatal Jaundice Management

8 Global Phototherapy Equipment Market, By End User (Page No. - 60)
    8.1 Introduction
    8.2 Hospitals & Clinics
    8.3 Home Users

9 Global Phototherapy Equipment Market, By Region (Page No. - 65)
    9.1 Introduction
    9.2 North America
           9.2.1 U.S.
           9.2.2 Canada
           9.2.3 Europe
    9.3 Asia-Pacific
    9.4 Rest of the World (RoW)

10 Competitive Landscape (Page No. - 89)
     10.1 Introduction
     10.2 Strategic Overview
     10.3 Competitive Situation and Trends
             10.3.1 Product Launches, Enhancement, and Showcase
             10.3.2 Expansion
             10.3.3 Agreements
             10.3.4 Other Developments

11 Company Profiles (Page No. - 94)
(Introduction, Products & Services, Strategy, & Analyst Insights, Developments, MnM View)*
     11.1 Introduction
     11.2 GE Healthcare
     11.3 Philips Lighting Holding B.V.
     11.4 Natus Medical Incorporated
     11.5 Phoenix Medical Systems Pvt. Ltd.
     11.6 Herbert Waldmann GmbH & Co. Kg
     11.7 Atom Medical Corporation
     11.8 Nice Neotech Medical Systems Pvt. Ltd.
     11.9 The Daavlin Company
     11.10 National Biological Corporation
     11.11 Solarc Systems Inc.

*Details on Marketsandmarkets View, Introduction, Product & Services, Strategy, & Analyst Insights, New Developments Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 111)
     12.1 Discussion Guide
     12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.3 Introducing RT: Real-Time Market Intelligence
     12.4 Available Customizations
     12.5 Related Reports


List of Tables (63 Tables)

Table 1 Phototherapy Equipment Market Size, By Type, 2014-2021 (USD Million)
Table 2 Conventional Phototherapy Equipment Market Size, By Region, 2014-2021 (USD Million)
Table 3 Conventional Phototherapy Equipment Market Size, By Lamp Type, 2014-2021 (USD Million)
Table 4 Market Size for Conventional Phototherapy Equipment With Fluorescent Lamps, By Region, 2014-2021 (USD Million)
Table 5 Market Size for Conventional Phototherapy Equipment With Fluorescent Lamps, By Size of Equipment, 2014-2021 (USD Million)
Table 6 Full-Body Phototherapy Equipment Market Size, By Region, 2014-2021 (USD Million)
Table 7 Partial-Body Phototherapy Equipment Market Size, By Region, 2014-2021 (USD Million)
Table 8 Market Size for Conventional Phototherapy Equipment With Compact Fluorescent Lamps, By Region, 2014-2021 (USD Million)
Table 9 Led-Based Phototherapy Equipment Market Size, By Region, 2014-2021 (USD Million)
Table 10 Fiberoptic Phototherapy Equipment Market Size, By Region, 2014-2021 (USD Million)
Table 11 Market Size, By Application, 2014–2021 (USD Million)
Table 12 Global Market Size for Skin Disease Treatment, By Region, 2014–2021 (USD Million)
Table 13 Global Market Size for Skin Disease Treatment, By Type, 2014–2021 (USD Million)
Table 14 Global Market for Psoriasis Treatment, By Region, 2014–2021 (USD Million)
Table 15 Market for Vitiligo Treatment, By Region, 2014–2021 (USD Million)
Table 16 Market for Eczema/Atopic Dermatitis Treatment, By Region, 2014–2021 (USD Million)
Table 17 Market for Other Skin Disease Treatment, By Region, 2014–2021 (USD Million)
Table 18 Market Size for Neonatal Jaundice Management, By Region, 2014–2021 (USD Million)
Table 19 Global Market Size, By End User, 2014–2021 (USD Million)
Table 20 Market Size for Hospitals & Clinics, By Region, 2014–2021 (USD Million)
Table 21 Market Size for Home Users, By Region, 2014–2021 (USD Million)
Table 22 Global Market Size, By Region, 2014–2021 (USD Million)
Table 23 North America: Market Size, By Country, 2014–2021 (USD Million)
Table 24 North America: Market Size, By Type, 2014–2021 (USD Million)
Table 25 North America: Conventional Phototherapy Equipment Market Size, By Lamp Type, 2014–2021 (USD Million)
Table 26 North America: Conventional Phototherapy Equipment With Fluorescent Lamps Market Size, By Equipment Size, 2014–2021 (USD Million)
Table 27 North America: Market Size, By Application, 2014–2021 (USD Million)
Table 28 North America: Market Size for Skin Disease Treatment, By Type, 2014–2021 (USD Million)
Table 29 North America: Market Size, By End User, 2014–2021 (USD Million)
Table 30 U.S.: Market Size, By Type, 2014–2021 (USD Million)
Table 31 U.S.: Conventional Phototherapy Equipment Market, By Lamp Type, 2014–2021 (USD Million)
Table 32 U.S.: Conventional Phototherapy Equipment With Fluorescent Lamps Market Size, By Equipment Size, 2014–2021 (USD Million)
Table 33 U.S.: Market Size, By Application, 2014–2021 (USD Million)
Table 34 U.S.: Market Size for Skin Disease Treatment, By Type, 2014–2021 (USD Million)
Table 35 U.S.: Market Size, By End User, 2014–2021 (USD Million)
Table 36 Canada: Market Size, By Type, 2014–2021 (USD Million)
Table 37 Canada: Conventional Phototherapy Equipment Market Size, By Lamp Type, 2014–2021 (USD Million)
Table 38 Canada: Conventional Phototherapy Equipment With Fluorescent Lamps Market Size, By Equipment Size, 2014–2021 (USD Million)
Table 39 Canada: Market Size, By Application, 2014–2021 (USD Million)
Table 40 Canada: Market Size for Skin Disease Treatment, By Type, 2014–2021 (USD Million)
Table 41 Canada: Market Size, By End User, 2014–2021 (USD Million)
Table 42 Europe: Market Size, By Type, 2014–2021 (USD Million)
Table 43 Europe: Conventional Phototherapy Equipment Market Size, By Lamp Type, 2014–2021 (USD Million)
Table 44 Europe: Conventional Phototherapy Equipment With Fluorescent Lamps Market Size, By Equipment Size, 2014–2021 (USD Million)
Table 45 Europe: Market Size, By Application, 2014–2021 (USD Million)
Table 46 Europe: Market Size for Skin Disease Treatment, By Type, 2014–2021 (USD Million)
Table 47 Europe: Market Size, By End User, 2014–2021 (USD Million)
Table 48 APAC: Market Size, By Type, 2014–2021 (USD Million)
Table 49 APAC: Conventional Phototherapy Equipment Market Size, By Lamp Type, 2014–2021 (USD Million)
Table 50 APAC: Conventional Phototherapy Equipment With Fluorescent Lamps Market Size, By Equipment Size, 2014–2021 (USD Million)
Table 51 APAC: Market Size, By Application, 2014–2021 (USD Million)
Table 52 APAC: Market Size for Skin Disease Treatment, By Type, 2014–2021 (USD Million)
Table 53 APAC: Market Size, By End User, 2014–2021 (USD Million)
Table 54 RoW: Market Size, By Type, 2014–2021 (USD Million)
Table 55 RoW: Conventional Phototherapy Equipment Market Size, By Lamp Type, 2014–2021 (USD Million)
Table 56 RoW: Conventional Phototherapy Equipment With Fluorescent Lamps Market Size, By Equipment Size, 2014–2021 (USD Million)
Table 57 RoW: Market Size, By Application, 2014–2021 (USD Million)
Table 58 RoW: Market Size for Skin Disease Treatment, By Type, 2014–2021 (USD Million)
Table 59 RoW: Market Size, By End User, 2014–2021 (USD Million)
Table 60 Product Launches, Upgrades, and Approvals (2013–2016)
Table 61 Expansions (2013-2016)
Table 62 Agreements (2013–2016)
Table 63 Other Developments (2013-2016)


List of Figures (41 Figures)

Figure 1 Global Phototherapy Equipment Market: Research Methodology Steps
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Market: Research Design
Figure 6 Market Breakdown and Data Triangulation
Figure 7 Conventional Equipment to Dominate the Market During the Forecast Period
Figure 8 Skin Disease Treatment to Dominate the Phototherapy Market During the Forecast Period
Figure 9 Hospitals & Clinics Segment to Hold the Largest Share of the Market in 2016
Figure 10 Rising Incidences of Neonatal Jaundice and Skin Diseases is Driving Growth in the Market
Figure 11 Conventional Equipment Dominated the Phototherapy Equipment Market in 2016
Figure 12 Asia-Pacific to Witness the Highest Growth Rate in the Forecast Period
Figure 13 Asia-Pacific Holds Lucrative Growth Opportunities for Phototherapy Product Manufacturers During the Forecast Period
Figure 14 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 15 Conventional Equipment to Dominate the Global Phototherapy Equipment Market During the Forecast Period
Figure 16 North America to Account for the Largest Share of the Conventional Phototherapy Equipment Market During the Forecast Period
Figure 17 Fluorescent Lamp-Based Equipment to Hold A Larger Share of the Conventional Equipment Market
Figure 18 North America is Expected to Dominate the Fluorescent Lamp-Based Conventional Phototherapy Equipment Market During the Forecast Period
Figure 19 Full-Body Equipment to Dominate the Conventional Phototherapy Equipment Market With Fluorescent Lamps
Figure 20 North America is Expected to Dominate the Full-Body Phototherapy Equipment Market During the Forecast Period
Figure 21 North America is Expected to Dominate the Partial-Body Phototherapy Equipment Market During the Forecast Period
Figure 22 North America is Expected to Dominate the Conventional Phototherapy Equipment Market With Compact Fluorescent Lamps
Figure 23 North America is Expected to Dominate the Led-Based Phototherapy Equipment Market During the Forecast Period
Figure 24 The Skin Disease Treatment Application Segment is Expected to Dominate the Phototherapy Equipment Applications Market During the Forecast Period
Figure 25 North America is Expected to Dominate the Market for Skin Disease Treatment Applications in 2021
Figure 26 North America is Expected to Dominate the Market for Psoriasis Treatment During 2016–2021
Figure 27 North America is Expected to Dominate the Market for Vitiligo Treatment During 2016–2021
Figure 28 North America is Expected to Dominate the Market for Eczema Treatment During 2016–2021
Figure 29 North America is Expected to Dominate the Market for Other Skin Disease Treatment During 2016–2021
Figure 30 North America is Expected to Dominate the Market for Neonatal Jaundice Management During 2016–2021
Figure 31 North America is Expected to Dominate the Market for Hospitals & Clinics in 2016
Figure 32 North America to Register Highest Growth in the Market for Home Users During 2016–2021
Figure 33 North America: Market Snapshot
Figure 34 Europe: Market Snapshot
Figure 35 Asia-Pacific: Market Snapshot
Figure 36 RoW: Phototherapy Equipment Market Snapshot
Figure 37 Leading Market Players Adopted Product Launches and Showcase as Their Key Growth Strategies From 2013 to 2016
Figure 38 Product Launches, the Key Growth Strategy Adopted By the Majority of Phototherapy Device Manufacturers During 2013-2016
Figure 39 General Electric Company: Company Snapshot
Figure 40 Koninklijke Philips N.V.: Company Snapshot
Figure 41 Natus Medical Incorporated: Company Snapshot

The phototherapy equipment market is expected to reach USD 583.4 Million by 2021 from USD 468.2 Million in 2016, growing at a CAGR of 4.5% during the forecast period of 2016 and 2021. This market is primarily driven by the rising incidence of neonatal jaundice in both developed and developing markets, rising number of people suffering from skin diseases, inflow of technologically advanced products, and rising adoption of LED-based phototherapy equipment. However, the high use of alternative treatment modes and stringent regulatory policies for the approval of new devices are limiting the growth of this market.

Based on product type, phototherapy equipment are classified into conventional, LED, and fiberoptic. The conventional segment is expected to account for the largest market share in 2016. On the basis of the type of lamp installed, conventional equipment are further classified into two segments equipment with fluorescent lamps and equipment with compact fluorescent lamps. In 2016, equipment with fluorescent lamps are expected to dominate the conventional phototherapy equipment market primarily because these equipment are majorly used for the treatment of skin diseases.

On the basis of applications, the market is segmented into skin disease treatment and neonatal jaundice management. The skin disease treatment segment (includes psoriasis treatment, vitiligo treatment, eczema treatment, and other skin disease treatment) is expected to account for the larger share of the market in 2016.

The market is highly competitive owing to the presence of a number of large and small firms. With improving industry standards, the market has witnessed several product innovations in recent years. Majority of players operating in this market adopted new product launches and product enhancements as their key growth strategy to strengthen their market positions.

Major players in the global phototherapy equipment market are GE Healthcare (U.K.), Philips Lighting Holding B.V. (Netherlands), Natus Medical Incorporated (U.S.), Phoenix Medical Systems Pvt. Ltd. (India), Herbert Waldmann GmbH & Co. KG (Germany), Atom Medical Corporation (Japan), nice Neotech Medical Systems Pvt. Ltd. (India), National Biological Corp. (U.S.), and Solarc Systems Inc. (Canada).

Phototherapy Equipment Market

North America is expected to account for the largest share of the global market in 2016, followed by Europe. However, the Asia-Pacific market is expected to register the highest CAGR during the forecast period. The high growth in this segment can be attributed to strategic expansion by key market players in emerging Asian countries, and rising development and adoption of cost-effective phototherapy equipment.

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