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)
The global phototherapy equipment market size is projected to grow at a CAGR of 4.5%. 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.
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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”.
Phototherapy Equipment Market Report Scope
This report categorizes the global market into the following segments and subsegments:
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
-
Conventional Phototherapy Equipment with Fluorescent Lamp
- LED Phototherapy Equipment
- Fiberoptic Phototherapy Equipment
By End User
- Hospitals & Clinics
- Home Users
By Application
-
Skin Disease Treatment
- Psoriasis
- Vitiligo
- Eczema
- Other Skin Diseases
- Neonatal Jaundice Management
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
- Germany
- France
- Italy
- U.K.
- Spain
- Rest of Europe
-
Asia-Pacific
- India
- China
- Japan
- Rest of Asia-Pacific
-
Europe
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
Growth in the phototherapy equipment market is mainly driven by rising incidences 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.
By type, the LED phototherapy equipment segment is expected to grow at the highest rate during the forecast period in the phototherapy equipment market
LED-based phototherapy equipment use LEDs as a light source to precisely focus the required wavelength light on the affected area. In addition, the treatment time associated with LED devices is less as compared to conventional devices, as a result of the high level of radiation.
Growth in the in LED-based phototherapy equipment segment is attributed to the rising incidence of neonatal jaundice and the growing adoption of LED-based phototherapy equipment for target disease management.
By application, Skin Disease Treatment segment is expected to be the largest contributor to the market in 2016
Based on disease type, the phototherapy market for disease treatment is further segmented into psoriasis, eczema, acne, vitiligo, and other skin diseases (such as scleroderma, seasonal affective disorder (SAD), skin cancer, and acne). Psoriasis treatment is expected to account for the largest share in the skin disease treatment segment in 2016. The rising prevalence of psoriasis and the growing need for psoriasis treatment are the key factors driving market growth.
North America is expected to account for the largest share of the market during the forecast period
North America is one of the major revenue-generating regions in the global phototherapy equipment market. The large share of this regional segment can mainly be attributed to high prevalence of neonatal jaundice cases, rising number of people suffering from skin diseases, and the presence of a favorable reimbursement structure.
Key Market Players
Some of the prominent players in the phototherapy equipment market are 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), among others.
GE is one of the key global manufacturers of phototherapy equipment products. It sells its phototherapy equipment under the fetal and neonatal care segment. In order to sustain its leadership and ensure its future growth, the company has focused on both organic (new product launches and expansion) and inorganic growth strategies (such as collaboration and agreements).
By pursuing collaboration and agreements, the company has increased its customer base and sales & distribution networks across major markets. For example, in 2013, GE Healthcare signed an agreement with HealthTrust (U.S.) and collaborated with Perkumpulan Obstetri dan Ginekologi Indonesia (POGI, Indonesia). Furthermore, the company also focuses on strengthening its market presence in high-growth regions such as in Asia and Africa to compensate for revenue losses incurred in developed markets (such as the U.S. and Europe)
Philips Healthcare is one of the key players in the global phototherapy equipment market. The company adopts both organic (new product launches) and inorganic (collaborations) growth strategies to strengthen its footprint in the global market. The company has a wide range of phototherapy equipment and a market presence in more than 100 countries, including mature and emerging markets. This aids the company in effectively distributing its products and addressing local customer demands. The company also possesses a well-established supply chain network, along with a wide number of raw material suppliers and product distributors. This limits the dependability of the company on a specific raw material supplier or product dealer/distributor.
In addition, the company is focused on raising patient awareness related to its phototherapy products through collaboration and partnerships with various phototherapy equipment market stakeholders and through awareness campaigns. Philips Lighting has established partnerships with The Daavlin Company, Herbert Waldmann GmbH & Co. KG, Solarc Systems Inc., and National Biological Corp. UVBioTek, LLC in light therapy solutions
Recent developments:
- In October 2015, Philips launched the second generation of its wearable phototherapy devices on the occasion of World Psoriasis Day. These devices cover ~25% more treatment area as compared to their earlier versions. They are also thinner and have a longer battery life. This device uses UV-free LED light to treat mild cases of plaque psoriasis at home
- In January 2015, Phoenix Medical Systems launched ‘Brilliance Pro’ in its Jaundice Management product category. The Brilliance Pro has an integrated light meter and expanded functionality to better meet the needs of NICUs
- In October 2014, Atom Medical established Atom Medical USA, LLC in the U.S. With the help of this subsidiary, the company could deliver products and services directly to customers.
- In June 2016, Atom Medical Corporation signed a one-year distribution contract with Inspiration Healthcare Group plc, a global supplier of medical technology for the critical care, operating theater, and other applications. The agreement gave Inspiration Healthcare Group exclusive rights to sell Atom’s NICU product range in the U.K.
Key questions addressed in the report:
- What are the growth opportunities related to phototherapy equipment across major regions in the future?
- Emerging countries have immense opportunities for the growth and adoption of phototherapy equipment products. Will this scenario continue in the next five years?
- Where will all the advancements in products offered by various companies take the industry in the mid- to long-term?
- What are the new trends and advancements in the phototherapy equipment market?
Frequently Asked Questions (FAQ):
What is the size of Phototherapy Equipment Market ?
The global Phototherapy Equipment Market size is growing at a CAGR of 4.5%
What are the major growth factors of Phototherapy Equipment Market ?
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.
Who all are the prominent players of Phototherapy Equipment Market ?
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). .
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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 Market Size, By Region, 2014-2021 (USD Million)
Table 3 Conventional 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 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 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 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 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 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 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 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 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 Market During the Forecast Period
Figure 22 North America is Expected to Dominate the Conventional Market With Compact Fluorescent Lamps
Figure 23 North America is Expected to Dominate the Led-Based 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
Generating Response ...
Growth opportunities and latent adjacency in Phototherapy Equipment Market