Global Phototherapy Market Segmentation, By Product (Conventional Phototherapy Equipment, LED Phototherapy Equipment, Fiberoptic Phototherapy Equipment, Germicidal Lamps, and Accessories), Radiation (UVA, UVB, and UVC), Application (Skin Disease Treatment, Neonatal Jaundice Management, and Sterilization), End-User (Hospitals and Clinics, Dermatology Centers, and Homecare) – Industry Trends and Forecast to 2031
Phototherapy Market Analysis
The phototherapy market is experiencing significant growth, driven by increasing awareness of skin disorders and advancements in treatment technologies. Phototherapy, which uses light to treat various conditions such as psoriasis, eczema, and neonatal jaundice, is becoming a preferred non-invasive treatment option. Recent innovations, including the development of home-use devices and enhanced light delivery systems, are expanding accessibility and patient convenience. In addition, the integration of smart technology in phototherapy devices allows for personalized treatment plans and improved monitoring of patient progress. As healthcare systems continue to focus on preventive and minimally invasive therapies, the phototherapy market is poised for further expansion, presenting opportunities for manufacturers and healthcare providers alike to enhance patient outcomes.
Phototherapy Market Size
The global phototherapy market size was valued at USD 649.37 million in 2023 and is projected to reach USD 989.06 million by 2031, with a CAGR of 5.40% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Phototherapy Market Trends
“Growing Prevalence of Skin Disorders”
The phototherapy market is evolving rapidly, driven by the growing prevalence of skin disorders and advancements in technology. Phototherapy, which utilizes light to treat conditions like psoriasis, eczema, and neonatal jaundice, is increasingly recognized for its effectiveness and non-invasive nature. One prominent trend is the rise of home-based phototherapy devices, enabling patients to manage their treatments conveniently and effectively from their homes. Recent developments in this area include the introduction of portable and user-friendly devices equipped with smart technology, allowing for personalized treatment regimens and real-time monitoring. This trend improves patient adherence to treatment and reduces healthcare costs by minimizing hospital visits. As the market continues to expand, innovations in device design and functionality will further enhance the accessibility and efficacy of phototherapy treatments.
Report Scope and Phototherapy Market Segmentation
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Attributes
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Phototherapy Key Market Insights
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Segments Covered
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Key Market Players
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Koninklijke Philips N.V. (Netherlands), General Electric Company (U.S.), Analogic Corporation (U.S.), TOSHIBA CORPORATION (Japan), Hitachi, Ltd (Japan), C-RAD (Sweden), Elekta (Sweden), Accuray Incorporated (U.S.), Atom Medical Corp. (Japan), AVI Healthcare (India), Weyer GmbH (Germany), Zhengzhou Dison Instrument and Meter Co., ltd (China), Natus Medical Incorporated (U.S.), Ibis Medical (India)
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Market Opportunities
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Value Added Data Infosets
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Phototherapy Market Definition
Phototherapy, also known as light therapy, is a medical treatment that involves the use of specific wavelengths of light to treat various health conditions. It is commonly used to treat neonatal jaundice, where newborns are exposed to blue light to reduce high bilirubin levels in their blood. Phototherapy is also effective in managing skin disorders like psoriasis, eczema, and vitiligo, where ultraviolet (UV) light is applied to reduce inflammation and promote healing. Additionally, phototherapy is used in mental health treatments, particularly for Seasonal Affective Disorder (SAD), where exposure to bright light helps regulate mood. The therapy is non-invasive and generally safe, though it must be administered under medical supervision to avoid potential side effects like skin irritation or eye damage.
Phototherapy Market Dynamics
Drivers
- Increasing Prevalence of Skin Disorders
The increasing incidence of skin conditions, including psoriasis, eczema, and vitiligo, is significantly boosting the demand for effective treatment options such as phototherapy. Psoriasis, characterized by red, scaly patches on the skin, affects millions worldwide and often requires ongoing management to alleviate symptoms. Similarly, eczema, which causes dry, itchy skin, and vitiligo, a condition leading to loss of skin pigmentation, are becoming more prevalent. As awareness of these conditions grows, patients are actively seeking effective, non-invasive treatments that can provide relief and improve their quality of life. Phototherapy, with its proven effectiveness in managing these disorders by utilizing specific wavelengths of light, has emerged as a preferred treatment option. This rising demand for effective therapies is driving market growth, positioning phototherapy as a vital component of modern dermatological care.
- Growing Awareness of Treatment Options
Increased awareness among patients and healthcare professionals regarding the benefits of phototherapy is significantly contributing to its adoption as a preferred treatment method. Educational initiatives, online resources, and support groups have played a crucial role in informing both patients and healthcare providers about the effectiveness and safety of phototherapy for treating various skin conditions. As dermatologists and healthcare professionals recognize the non-invasive nature of phototherapy, they are more likely to recommend it as a viable option for managing disorders like psoriasis, eczema, and vitiligo. Patients, empowered by knowledge, are actively seeking phototherapy as a solution to their skin issues. This growing awareness enhances patient engagement in their treatment plans and fosters a more substantial demand for phototherapy solutions in the healthcare market.
Opportunities
- Advancements in Innovative Device Phototherapy
Advancements in phototherapy devices, particularly the development of smart and portable units, are significantly enhancing user experience and treatment effectiveness. These innovative devices offer features such as user-friendly interfaces, customizable treatment settings, and real-time monitoring, allowing patients to manage their therapy more conveniently and effectively. Companies that prioritize research and development in this field can capitalize on the growing demand for advanced phototherapy solutions. By creating devices that are effective and accessible for home use, manufacturers can attract a broader customer base. In addition, these innovations can lead to improved treatment adherence and better clinical outcomes, ultimately positioning companies to capture a larger market share in the competitive phototherapy landscape.
- Home-Based Phototherapy Solutions
The rising demand for at home treatment options in the phototherapy market presents significant growth potential for manufacturers. Patients increasingly prefer convenient solutions that allow them to manage their skin conditions from the comfort of their homes. Developing user-friendly phototherapy devices that are safe and effective for home use can substantially enhance accessibility for patients, especially those with mobility issues or those living in remote areas. These devices can empower patients to take an active role in their treatment plans, leading to improved adherence to therapy. By focusing on design, ease of use, and comprehensive user support, companies can tap into this growing segment of the market, catering to the needs of a diverse patient population and driving sales growth in the phototherapy industry.
Restraints/Challenges
- High Costs of Advanced Phototherapy Devices
The initial investment required for advanced phototherapy devices can be substantial, posing a significant challenge for smaller clinics and medical practices in adopting these technologies. The high prices associated with these devices may deter healthcare providers from investing in phototherapy equipment, especially if they are operating on tight budgets. Consequently, this can lead to a lack of availability of effective treatment options for patients who would benefit from phototherapy. Limited access to such advanced technologies can hinder the overall growth of the phototherapy market, as patients may seek alternative treatments that are more affordable or readily available.
- Limited Awareness in Phototherapy
A key challenge in the phototherapy market is the lack of awareness among both patients and healthcare providers regarding the treatment’s benefits, leading to its underutilization. This knowledge gap prevents recognition of phototherapy as a viable solution for conditions like psoriasis, eczema, and vitiligo. Additionally, many healthcare providers may be hesitant to recommend phototherapy due to insufficient understanding of how it works and its advantages over conventional treatments. This lack of awareness limits patient access to effective therapies and hampers market growth by reducing demand for phototherapy devices and services. Addressing this challenge requires targeted educational initiatives and marketing campaigns to raise awareness and promote the benefits of phototherapy for skin health.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Phototherapy Market Scope
The market is segmented on the basis of product, radiation, application, and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Conventional Phototherapy Equipment
- LED Phototherapy Equipment
- Fiberoptic Phototherapy Equipment
- Germicidal Lamps
- Accessories
Radiation
- UVA
- UVB
- UVC
Application
- Skin Disease Treatment
- Neonatal Jaundice Management
- Sterilization
End-User
- Hospitals and Clinics
- Dermatology Centers
- Homecare
Phototherapy Market Regional Analysis
The market is analyzed and market size insights and trends are provided by country, product, radiation, application, and end-user as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America leads the phototherapy market, driven by a growing incidence of acne-related conditions, which has increased the demand for effective treatment options. The region also witnesses a higher adoption rate of technologically advanced skincare devices, as both healthcare professionals and patients seek innovative solutions. Furthermore, the superior effectiveness of phototherapy compared to traditional treatment methods, along with the rising use of LED-based equipment, solidifies North America's position as a key player in the industry.
Asia-Pacific region is projected to experience the highest growth rate in the phototherapy market from 2024 to 2031, fueled by heightened awareness of advanced phototherapy techniques and improvements in healthcare infrastructure. In addition, there has been a noticeable rise in the incidence of neonatal jaundice, leading to an increased demand for cost-effective phototherapy devices. Government initiatives and support in this region further amplify the focus on enhancing healthcare accessibility and affordability, driving market expansion.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Phototherapy Market Share
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
Phototherapy Market Leaders Operating in the Market Are:
- Koninklijke Philips N.V. (Netherlands)
- General Electric Company (U.S.)
- Analogic Corporation (U.S.)
- TOSHIBA CORPORATION (Japan)
- Hitachi, Ltd (Japan)
- C-RAD (Sweden)
- Elekta (Sweden)
- Accuray Incorporated (U.S.)
- Atom Medical Corp. (Japan)
- avihealthcare (India)
- Weyer GmbH (Germany)
- Zhengzhou Dison Instrument and Meter Co., ltd (China)
- Natus Medical Incorporated (U.S.)
- Ibis Medical (India)
Latest Developments in Phototherapy Market
- In November 2021, Little Sparrows Technologies, a U.S.-based tech firm, gained FDA approval for its bili-hut, a home phototherapy device designed to treat newborns with jaundice. This innovative solution not only lowers medical costs but also enables infants to recover alongside their families during treatment. The bili-hut offers high-intensity light therapy comparable to that found in NICUs and is portable, foldable, lightweight, and energy-efficient, running on batteries, making it suitable for various environments, including hospitals and rural or resource-limited areas
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