Phototherapy Equipment Market Size, Revenue, Future Plans and Growth, Trends Forecast 2029

Phototherapy equipment market growth is expected to quicken over the next five years, owing to the rising frequency of skin illnesses.

Phototherapy Equipment Market Growth or Demand Increase or Decrease for what contains ?

The global phototherapy equipment market was valued at USD 541.62 million in 2022 and is projected to reach USD 710.34 million by 2029, growing at a CAGR of 3.95%. The market growth is primarily driven by the increasing prevalence of skin disorders and chronic diseases, as well as technological advancements in phototherapy products.

Phototherapy equipment market growth is expected to quicken over the next five years, owing to the rising frequency of skin illnesses. Skin acts as a barrier to the entry of pollutants such as chemicals, and skin disorders disrupt this crucial function of the skin. Skin disorders are mostly caused by irritants, allergies, genetic abnormalities, and a lack of immunity. It is predicted that approximately 9,500 persons in the United States are diagnosed with skin problems each day, which will increase demand for phototherapy equipment during the next five years.

Phototherapy Equipment Market CAGR Estimation:

Phototherapy Equipment Market was value US$ 541.62 Mn in 2022 and is expected to reach US$ 710.34 Mn by 2029 at a CAGR of 3.95 %.

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Phototherapy Equipment Market Segmentation:

  • By Product:
    • Conventional Phototherapy Equipment
      • With Fluorescent Lamp
      • With Compact Fluorescent Lamp
    • LED Phototherapy Equipment
    • Fiberoptic Phototherapy Equipment

In terms of product type, conventional phototherapy will see significant usage in 2017 and beyond. Based on revenue, the conventional phototherapy device category presently occupies around 58% of the market and is expected to stay dominant during the projection period.

  • By End-use:
    • Hospitals & Clinics
    • Homecare
  • By Application:
    • Skin Disease Treatment
      • Psoriasis
      • Vitiligo
      • Eczema

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Phototherapy Equipment Market Overview:

The Maximise Market Research research gives clients a thorough overview of the competitive landscape and serves as a valuable resource for strategic planning. The thorough Phototherapy Equipment Market overview contains detailed information on market size, trade statistics, key players, and a variety of industry indicators such as the life cycle and current trends.

Phototherapy Equipment Market Growth or Demand in which regions??

  • North America:
    • Dominates the market due to high awareness, advanced healthcare infrastructure, and initiatives to improve neonatal health.
  • Europe:
    • Significant market presence driven by high prevalence of skin disorders and advanced medical infrastructure.
  • Asia Pacific:
    • Rapid growth expected due to increasing healthcare investments and rising awareness about phototherapy benefits.
  • Middle East and Africa:
    • Moderate growth, influenced by improving healthcare systems and increasing incidence of skin diseases.

Phototherapy Equipment Market Scope Methodology:

The Phototherapy Equipment market is competitive in terms of technical adoption, financial strength, portfolio, mergers and acquisitions, joint ventures, and strategic alliances. A comprehensive analysis of the Phototherapy Equipment Market’s drivers, limitations, opportunities, and problems. The Phototherapy Equipment market estimates and growth rates were obtained using a bottom-up methodology.

To obtain insight into Phototherapy Equipment Market penetration, pricing dynamics, demand analysis, and competitive landscape, the study did regional analysis at the local, regional, and worldwide levels. Essential information about the Phototherapy Equipment Market, including players, investors, and new entrants, is provided to help with the creation of marketing strategies and investment plans.

The Phototherapy Equipment Market was investigated using both primary and secondary data collection techniques. Primary methods included surveys, questionnaires, and interviews with industry executives and business owners, while secondary data sources included news announcements, annual and financial reports, white papers, and so on. The SWOT analysis was used to identify market vulnerabilities and weaknesses, and the PORTER framework was used to assess industry competitiveness in the energy-efficient lighting market.

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Phototherapy Equipment Market Key Players:

1. Medela AG
2. Natus Medical Incorporated
4. Nice Neotech Medical Systems Pvt. Ltd.
5. Herbert Waldmann GmbH & Co. KG
6. The Daavlin Company
7. Heal Force Bio-Meditech Holdings Limited
8. Drägerwerk AG & Co. KGaA
9. General Electric Company
11.Medisana AG
12.Natus Medical Incorporated
13.Solarc Systems Inc.
14.National Biological Corp.
16.Schulze & Böhm GmbH
17.Guangzhou Beautylife Electronic Technology co. Ltd.
18.Philips Lighting Holding B.V.
20.Phoenix Medical Systems Pvt. Ltd.
21.Signify Holding.
22.Atom Medical Corp.
23.Hospital Supply Company Pvt. Ltd.
24.Endodoctor GmbH
25.Hospital and Homecare Medical Devices Co. LTD
26.Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

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Key questions answered in the Phototherapy Equipment Market are:

  • What is Phototherapy Equipment Market?
  • What is the growth rate of the Phototherapy Equipment Market?
  • Which are the factors expected to drive the Phototherapy Equipment Market growth?
  • What are the different segments of the Phototherapy Equipment Market?
  • What are the factors restraining the growth of the Phototherapy Equipment Market?
  • What is the demand pattern of the Phototherapy Equipment Market?
  • What major challenges could the Phototherapy Equipment Market face in the future?

Key Offerings:

  • Past Market Size and Competitive Landscape
  • Past Pricing and price curve by region
  • Market Size, Share, Size Forecast by different segment |
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by segment with their sub-segments and Region
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective

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About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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