Phototherapy Device Market size was valued at US$ 599.23 Mn in 2023 and the total revenue is expected to grow at CAGR 4.1 % through 2024 to 2030, reaching nearly US$ 793.86 Mn.Phototherapy Device Market Overview:
Phototherapy is kind of medical treatment in which individual is exposed to the Fluorescent light bulb and other light such as Light Emitting Diodes (LED) and Halogen light. This therapy used to treat various types of disease condition in individual. Increasing the prevalence of skin ailment such as Psoriasis, Eczema across the globe, advanced technology of phototherapy is expected to influence the Phototherapy Device Market in future .This treatments are cured various types of Skin disease in the individual across the globe.To know about the Research Methodology :- Request Free Sample Report
Phototherapy Device Market Dynamics:
Increasing the skin disease condition in individuals, like Psoriasis, eczema at the global level, rise in low weight and pre term birth. These are the main factors driving the growth of Phototherapy Device Market. In the US, acne affects 50 Million people in every year reported by American Academy of Dermatology. Apart from this with the rising cases in new born, the demand for the phototherapy treatment is expected to grow rapidly during the forecast period. Constant technological advancement also likely to boost the market growth. For Example, D-Rev, Design Revolution, nonprofit design firm introduced LED for the treatment of Neonatal Jaundice. In UK and Ireland 100,000 people experienced Hyperbilirubinemia in 2023.This Hyperbilirubinemia create high demand of LED phototherapy treatment in Jaundice condition. Higher Healthcare spending in the emerging countries such as China, India are also fuelling the growth of Phototherapy Device Market. Surge new technique in the adoption of LED based Phototherapy treatment is one of the major opportunity for this market. Players operating in the company have been exploiting this opportunity to get major portion of Phototherapy market share. Lack of awareness about the Phototherapy treatment among the people and low funds investment by company in the research and development for the innovative products can restrain the market growth. Some consumer do not prefer Phototherapy treatment because of its side effect and harmful radiation which negatively impact on the growth of Phototherapy market. Stringent rules and regulation from FDA and Government for sanctioning new devices and manufacturing cost and installation is the major factor can hinder the growth of Phototherapy device market.Lumie, the light therapy specialist has launched two sleep/wakeup lights named as Spark 100 and Glow 150.Spark 100 offer the benefits of sleeping and waking with light. Glow 150 offers the same function but with adjustable sunrise and sunset duration.Phototherapy Device Market Segment Analysis:
The Phototherapy Device Market is segmented By Type, Application, and End-User. Based on the Technology Type, the Phototherapy Device Market is segmented into Conventional Phototherapy Market, LED Based Phototherapy Market and Fiber Optic Phototherapy Market. Conventional Photography segment is dominate the market with anticipated to record highest CAGR of 3.94 % during the forecasting period, because this Phototherapy helps to reduce the hyperbilirubin in new born and skin diseases. This segment has been generated the revenue of 184.00 Mn in 2023.LED based phototherapy is the second largest segment with projected to grow at CAGR of 6.0% during the forecast period. Based on the Application, the Phototherapy Device Market is segmented into the Skin disease treatment and Neonatal Jaundice. Skin disease treatment is sub segmented into the Psoriasis, Vitiligo and Eczema. . Skin disease treatment is anticipated to grow highest CAGR of 5.44% during forecasting period. As increasing the various skin disorder people always prefer the Phototherapy in treatment. Neonatal Jaundice is expected to witness highest grow during the forecast period. Most of the new born babies are suffered from jaundice as per the recent analysis in 2023. Based on the End User, The Phototherapy Device Market is segmented into the Hospital and Specialty Clinic, Home user. Hospital and specialty clinic segment is anticipated to hold the highest market share and was assessed at USD 378.0 Mn in 2023.Most of patients are preferred hospital based treatment because availability new technique and facilities in the hospital.Phototherapy Device Market Regional Insights:
North America dominated the Phototherapy Device Market with the largest market share of 55% in 2023 with, expected to register CAGR 4.63% during the forecast period. The high prevalence of skin disorder, increase the demand of Phototherapy Device Market. In America 31.6 Mn people suffered from the skin and acne disorder. Increasing number of Neonatal jaundice and Skin disorder in China and Europe also contributed into the growth of Phototherapy Device Market. Thanks too many collaborative efforts performed by various companies in this region to increase their R&D capabilities and maintain high medical standards. China is expected to reach a projected market size of US$216.4million by 2030 with, 5.1% CAGR from 2024 to 2030.In addition the growing adoption of home Phototherapy is fuelling the regional market growth. Home Phototherapy is more comfortable in terms of avoiding frequent visit in hospital. It is the most effective treatment option for the patient with moderate to sever psoriasis. Therefore the Phototherspy market in America is expected to grow CAGR of 5.63% during the forecast period. Europe is expected to contribute second largest market for the Global Phototherapy Device Market. Europe held the market share of 35% in the year 2023. It is also expected to boost the market at CAGR of 4.23% during the forecast period. The objective of the report is to present a comprehensive analysis of the Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also helps in understanding the Market dynamic, structure by analyzing the market segments and project the Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Market make the report investor’s guide.Phototherapy Device Market Scope: Inquire before buying
Global Phototherapy Device Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 599.23 Mn. Forecast Period 2024 to 2030 CAGR: 4.1% Market Size in 2030: US $ 793.86 Mn. Segments Covered: by Types Conventional Phototherapy Market LED Based Phototherapy Market Fiber Optic Phototherapy Market by Application Skin Disease Treatment Psoriasis Vitiligo Eczema Neonatal Jaundice Management by End-User Hospital and Specialty Clinic Home User Phototherapy Device Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Phototherapy Device Market Key Players
1. GE Healthcare 2. Atom Medical 3. Draeger 4. Herbert Waldmann 5. Natus Medical 6. Daavlin 7. Beurer 8. National Biological 9. David 10.Solarc Systems Inc. 11.UVBioTek 12.MTTS Asia 13.Nice Neotech 14.Signify Holding 15.Phoenix Medical Corporation 16.Strata Skin Sciences 17.National Biological Corporation 18.Hill-Rom 19.Medisana AG 20.Schulze & Böhm GmbHFrequently Asked Questions:
1] Which segments are covered in Phototherapy Device Market report? Ans. The segments covered in Phototherapy Device Market report are based on Types, Application and End-User. 2] Which region is expected to hold the highest share in the Phototherapy Device Market? Ans. North America is expected to hold the highest share in the Phototherapy Device Market. 3] What is the market size of Phototherapy Device Market by2030? Ans. The market size of Phototherapy Device Market by 2030 is US $ 793.86 Mn. 4] Who are the top key players in the Phototherapy Device Market? Ans. GE Healthcare, Atom Medical, Draeger, Herbert Waldmann, Natus Medical, Daavlin, Beurer, National Biological, David, Solarc Systems Inc., UVBioTek, MTTS Asia 5] What was the market size of Phototherapy Device Market in 2023? Ans. The market size of Phototherapy Device Market in 2023 was US $ 599.23 Mn.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Phototherapy Device Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2023 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Phototherapy Device Market 3.4. Geographical Snapshot of the Phototherapy Device Market , By Manufacturer share 4. Phototherapy Device Market Overview, 2023-2030 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Phototherapy Device Market 5. Supply Side and Demand Side Indicators 6. Phototherapy Device Market Analysis and Forecast, 2023-2030 6.1. Phototherapy Device Market Size & Y-o-Y Growth Analysis. 7. Phototherapy Device Market Analysis and Forecasts, 2023-2030 7.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030 7.1.1. Conventional Phototherapy Market 7.1.2. LED Based Phototherapy Market 7.1.3. Fiber Optic Phototherapy Market 7.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 7.2.1. Skin Disease Treatment 7.2.1.1. Psoriasis 7.2.1.2. Vitiligo 7.2.1.3. Eczema 7.2.2. Neonatal Jaundice Management 7.3. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 7.3.1. Hospital and Specialty Clinic 7.3.2. Home User 8. Phototherapy Device Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2023-2030 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Phototherapy Device Market Analysis and Forecasts, 2023-2030 9.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030 9.1.1. Conventional Phototherapy Market 9.1.2. LED Based Phototherapy Market 9.2. Fiber Optic Phototherapy 9.3. Market Size (Value) Estimates & Forecast By Application, 2023-2030 9.3.1. Skin Disease Treatment 9.3.1.1. Psoriasis 9.3.1.2. Vitiligo 9.3.1.3. Eczema 9.3.2. Neonatal Jaundice Management 9.4. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 9.4.1. Hospital and Specialty Clinic 9.4.2. Home User 10. North America Phototherapy Device Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Phototherapy Device Market Analysis and Forecasts, 2023-2030 11.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030 11.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 11.3. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 12. Canada Phototherapy Device Market Analysis and Forecasts, 2023-2030 12.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030 12.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 12.3. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 13. Mexico Phototherapy Device Market Analysis and Forecasts, 2023-2030 13.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030 13.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 13.3. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 14. Europe Phototherapy Device Market Analysis and Forecasts, 2023-2030 14.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030 14.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 14.3. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 15. Europe Phototherapy Device Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Phototherapy Device Market Analysis and Forecasts, 2023-2030 16.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030 16.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 16.3. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 17. France Phototherapy Device Market Analysis and Forecasts, 2023-2030 17.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030 17.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 17.3. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 18. Germany Phototherapy Device Market Analysis and Forecasts, 2023-2030 18.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030 18.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 18.3. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 19. Italy Phototherapy Device Market Analysis and Forecasts, 2023-2030 19.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030 19.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 19.3. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 20. Spain Phototherapy Device Market Analysis and Forecasts, 2023-2030 20.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030 20.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 20.3. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 21. Sweden Phototherapy Device Market Analysis and Forecasts, 2023-2030 21.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030 21.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 21.3. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 22. CIS Countries Phototherapy Device Market Analysis and Forecasts, 2023-2030 22.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030 22.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 22.3. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 23. Rest of Europe Phototherapy Device Market Analysis and Forecasts, 2023-2030 23.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030 23.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 23.3. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 24. Asia Pacific Phototherapy Device Market Analysis and Forecasts, 2023-2030 24.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030 24.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 24.3. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 25. Asia Pacific Phototherapy Device Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates &Forecast By Country, 2023-2030 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Phototherapy Device Market Analysis and Forecasts, 2023-2030 26.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030 26.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 26.3. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 27. India Phototherapy Device Market Analysis and Forecasts, 2023-2030 27.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030 27.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 27.3. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 28. Japan Phototherapy Device Market Analysis and Forecasts, 2023-2030 28.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030 28.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 28.3. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 29. South Korea Phototherapy Device Market Analysis and Forecasts, 2023-2030 29.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030 29.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 29.3. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 30. Australia Phototherapy Device Market Analysis and Forecasts, 2023-2030 30.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030 30.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 30.3. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 31. ASEAN Phototherapy Device Market Analysis and Forecasts, 2023-2030 31.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030 31.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 31.3. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 32. Analysis and Forecasts, 2023-2030 32.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030 32.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 32.3. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 33. Middle East Africa Phototherapy Device Market Analysis and Forecasts, 2023-2030 33.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030 33.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 33.3. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 34. Middle East Africa Phototherapy Device Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Phototherapy Device Market Analysis and Forecasts, 2023-2030 35.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030 35.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 35.3. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 36. GCC Countries Phototherapy Device Market Analysis and Forecasts, 2023-2030 36.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030 36.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 36.3. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 37. Egypt Phototherapy Device Market Analysis and Forecasts, 2023-2030 37.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030 37.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 37.3. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 38. Nigeria Phototherapy Device Market Analysis and Forecasts, 2023-2030 38.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030 38.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 38.3. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 39. Rest of ME&A Phototherapy Device Market Analysis and Forecasts, 2023-2030 39.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030 39.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 39.3. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 40. South America Phototherapy Device Market Analysis and Forecasts, 2023-2030 40.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030 40.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 40.3. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 41. South America Phototherapy Device Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Phototherapy Device Market Analysis and Forecasts, 2023-2030 42.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030 42.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 42.3. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 43. Argentina Phototherapy Device Market Analysis and Forecasts, 2023-2030 43.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030 43.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 43.3. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 44. Rest of South America Phototherapy Device Market Analysis and Forecasts, 2023-2030 44.1. Market Size (Value) Estimates & Forecast By Types, 2023-2030 44.2. Market Size (Value) Estimates & Forecast By Application, 2023-2030 44.3. Market Size (Value) Estimates & Forecast By End-User, 2023-2030 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Phototherapy Device Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. GE Healthcare 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Draeger 45.3.3. Herbert Waldmann 45.3.4. Natus Medical 45.3.5. Daavlin 45.3.6. Beurer 45.3.7. National Biological 45.3.8. David 45.3.9. Solarc Systems Inc. 45.3.10. UVBioTek 45.3.11. MTTS Asia 45.3.12. Nice Neotech 45.3.13. Signify Holding 45.3.14. Phoenix Medical Corporation 45.3.15. Strata Skin Sciences 46. Primary Key Insights