Phototherapy Equipment Market Size is Predicted to Reach US$ 1,153.5 Million by 2028

Industry Overview of Phototherapy Equipment Market
Phototherapy equipment plays a crucial role in medical treatments by utilizing specific wavelengths of light to address various medical conditions. These devices emit targeted light, typically in the ultraviolet (UV) or visible spectrum, to stimulate biochemical reactions in the body or skin. Phototherapy equipment finds widespread use in dermatology and neonatology. In dermatology, it effectively treats skin conditions like psoriasis, eczema, vitiligo, and acne by emitting UV light to target affected areas and promote healing. In neonatology, the equipment is utilized to address jaundice in newborns by emitting blue light that aids in breaking down bilirubin and reducing its concentration in the bloodstream. Phototherapy equipment comes in different forms, including handheld devices, light panels, light boxes, and full-body cabinets, offering controlled light doses tailored to specific treatment needs.

How big is the Phototherapy Equipment Market?
The global phototherapy equipment market size reached US$ 865.7 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,153.5 Million by 2028, exhibiting a growth rate (CAGR) of 4.8% during 2023-2028.

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What Are the Growth Prospects and Trends in The Phototherapy Equipment Industry?
The phototherapy equipment market is experiencing significant growth due to several factors and emerging trends. One of the key drivers is the increasing prevalence of skin disorders like psoriasis, vitiligo, and eczema, which require regular and targeted phototherapy treatment. This has led to a rising demand for phototherapy equipment. Additionally, the growing global geriatric population is contributing to market growth as older adults often require phototherapy for age-related skin conditions and other ailments. Another trend fueling the industry's growth is the adoption of LED-based phototherapy devices. LED technology offers energy efficiency, longer lifespan, and precise wavelength control, making it a preferred choice for phototherapy equipment. LED-based devices are also more compact and portable, enabling easier use in various clinical settings and even at home. Furthermore, the integration of advanced technologies such as automation and connectivity is shaping the phototherapy equipment industry. Manufacturers are incorporating features like automatic dose control, user-friendly interfaces, and wireless connectivity for data monitoring and analysis. These advancements enhance the convenience, effectiveness, and safety of phototherapy treatments, driving market growth.

What Is Included In Market Segmentation?
The report has been segmented the market into following categories:

Breakup by Type:
Conventional Phototherapy Equipment
Conventional Phototherapy Equipment with Fluorescent Lamp
Conventional Phototherapy Equipment with Compact Fluorescent Lamp
LED Phototherapy Equipment
Fiberoptic Phototherapy Equipment

Breakup by Application:
Skin Disease Treatment
Psoriasis
Vitiligo
Eczema
Others
Neonatal Jaundice Management

Breakup by End User:
Hospitals and Clinics
Home Users

Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

The report provides a comprehensive analysis of the industry key players listed below:
The Major Players in the market are Atom Medical Corporation, AVI Healthcare Private Limited, General Electric Company, Herbert Waldmann GmbH & Co. KG, Ibis Medical Equipment & Systems Pvt Ltd, Koninklijke Philips N.V., Narang Medical Limited, National Biological Corporation, Natus Medical Incorporated, Nice Neotech Medical Systems Pvt. Ltd., Phoenix Medical Systems Pvt. Ltd. and Solarc Systems Inc.

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