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The global phototherapy market was valued at USD 406.5 million in 2022 and growing at a CAGR of 4.20% from 2022 to 2030. The market is expected to reach USD 564.9 million by 2030. The rise in the number of skin diseases due to various reasons. For example, as per the data from the American Academy of Dermatology Association, 84.5 million Americans, i.e., around one in every four, are affected by some skin condition.
Phototherapy is a medical therapy in which artificial or natural light enhances health. Treatment may implicate halogen lights, fluorescent light bulbs, sunlight, or light-emitting diodes (LEDs). Different names for phototherapy include light therapy and heliotherapy. The kind of therapy required and how the light is used can differ depending on whether the phototherapy is for psoriasis, eczema, or different health diseases. Phototherapy has been utilised to treat medical illnesses for over 3,400 years. People used sunlight in old Egypt and India to treat skin diseases like vitiligo. Phototherapy includes using ultraviolet (UV) light to slow skin cell growth and inflammation. Inflammation is one method of the immune system reacting to illnesses and injuries. UVB rays impact the outer layers of the skin. UVA rays are just less severe but penetrate more intensely into the skin. These two kinds of UV light can be used in various ways. The results of light therapy for skin diseases are usually temporary. Phototherapy for skin infections may take six to eight sessions and up to two months to perform. Phototherapy has some benefits over treatments like chemotherapy and radiation. For instance, it doesn’t usually have any long-term side effects. It leaves less scarring than surgery. And phototherapy treatment is affordable than the other treatment alternatives for cancer. Light treatment has been used for over 65 years to treat jaundice and hyperbilirubinemia. These diseases cause a baby’s skin, eyes, and body tissues to turn yellow. The yellow colour comes from too much bilirubin, a pigment made when red blood cells break down. Light reduces the baby's bilirubin levels and breaks down the bilirubin so the baby's body can get rid of it properly. There are two primary forms to treat jaundice with light therapy. The standard way is to place the baby under halogen spotlights or fluorescent lamps. The baby's eyes are covered during the phototherapy treatment to protect against retina damage.
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In November 2021: The United States-based technical company Little Sparrows Technologies bili-hut cleared the FDA license for home-based phototherapy treatment for newborn babies with jaundice, reducing healthcare expenses and keeping babies and their families together during treatment. The device provides high-intensity phototherapy comparable to NICU-intensity therapies. Further, it is movable, portable, lightweight, and energy-efficient sufficiently to run on batteries. The bill-hut is perfect for use in hospitals, at home, or in various settings, including rural and resource-limited places, and is cleaned with typical hospital sanitizing chemicals.
The Advancement In LED-Phototherapy- The vital element pushing the phototherapy market's development worldwide is the advanced use of LED-based treatments. Boosting collagen levels in the skin, which can reduce the formation of wrinkles and other signs of ageing, is one of the essential benefits of LED-based phototherapy. A mental or physical condition can be treated by phototherapy, which uses light radiation. Tissues and Cells respond differently, relying on wavelength and therapeutic dosage expositions. Additional uses of LED light therapy contain eczema, acne, psoriasis, rosacea, dermatitis, scarring, and sun damage. LED light treatment has an antimicrobial impact, perfect for destroying different forms of bacteria that can accumulate on pores and oil glands and provoke breakouts.
Can Cause Skin Related Problems- Phototherapy contains risks like UV rays, which can harm the skin cells. Which can lead to early signs of ageing. The term ‘photoaging’ is another name for this premature skin ageing. Prolonged vulnerability to artificial UV radiation raises the chance of growing skin cancer. The expert says that PUVA can increase the probability of skin cancer, while narrowband UVB therapy does not. The light treatment makes the body more prone to infections, diseases, and cancerous for skin when the immune system is suppressed. Eyes can become more exposed to light after obtaining photodynamic therapy or PUVA treatments for cancer.
Technological Development- A fundamental opportunity in the phototherapy market setting is the rise in adopting LED-based phototherapy devices. Different players operating in the industry have been using this opportunity to capture a significant portion of the phototherapy industry share.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the largest market for the global phototherapy market, with a 34.17% share of the market revenue in 2022.
North America dominated the market due to the rising number of skin diseases like eczema, psoriasis, vitiligo, and acne. For example, as per the Canadian Dermatology Association, acne impacts about 5.8 million people in Canada, which is., 25% of the total population suffers from acne. As per a recent study by the American Atopic Dermatitis, around 7.5% of United States adults suffer from eczema, while about 45% of people suffer from mild to severe symptoms of other skin diseases.
North America Region Phototherapy Market Share in 2022 - 34.17%
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The product type segment is divided into fiber optic phototherapy devices, LED-based phototherapy devices, conventional phototherapy devices, and others. The LED-based phototherapy devices segment dominated the market, with a market share of around 27% in 2022. LED-based phototherapy treats skin conditions and problems like psoriasis, acne, and fine lines. The advancement in the number of people suffering from skin diseases is anticipated to propel the use of LED-based phototherapy machines.
The application segment is divided into psoriasis, skin disease treatment, eczema, vitiligo, scleroderma, seasonal affective disorder (SAD), neonatal jaundice management, sterilization, and skin cancer. The skin disease treatment segment dominated the market, with a market share of around 15% in 2022. The skin disease treatment segment is probably to increase owing to the advancement in various skin problems. Multiple common skin conditions that could contribute to the market growth include skin diseases like eczema and vitiligo. The uprise in the therapy application can contribute to the phototherapy market growth.
The end-use segment is divided into home care settings, dermatology clinics, and hospitals. The hospital segment dominated the market, with a market share of around 36% in 2022. The segment's growth is due to the number of hospitals available globally. Sterilization is often used in hospitals, which helps in the therapy of skin diseases in patients. Hospitals have utilized the latest digital technologies that increase therapeutic effectiveness through high precision and better user safety.
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Million) |
| Market size value in 2022 | USD 406.5 Million |
| Market size value in 2030 | USD 564.9 Million |
| CAGR (2022 to 2030) | 4.20% |
| Historical data | 2019-2020 |
| Base Year | 2021 |
| Forecast | 2022-2030 |
| Regional Segments | The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level. |
| Segments | Product Type, Application, End-Use |
As per The Brainy Insights, the size of the phototherapy market was valued at USD 406.5 million in 2022 to USD 564.9 million by 2030.
Global phototherapy market is growing at a CAGR of 4.20% during the forecast period 2022-2030.
North America region emerged as the largest market for the phototherapy market.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis by Product Type
4.3.2. Market Attractiveness Analysis by Application
4.3.3. Market Attractiveness Analysis by End-Use
4.3.4. Market Attractiveness Analysis by Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. The Advancement In LED-Phototherapy
5.3. Restraints
5.3.1. Can Cause Skin Related Problems
5.4. Opportunities
5.4.1. Technological Development
6. Global Phototherapy Market Analysis and Forecast, By Product Type:
6.1. Segment Overview
6.2. Fiber Optic Phototherapy Devices
6.3. LED-based Phototherapy Devices
6.4. Conventional Phototherapy Devices
6.5. Others
7. Global Phototherapy Market Analysis and Forecast, By Application
7.1. Segment Overview
7.2. Psoriasis
7.3. Skin Disease Treatment
7.4. Eczema
7.5. Vitiligo
7.6. Scleroderma
7.7. Seasonal Affective Disorder (SAD)
7.8. Neonatal Jaundice Management
7.9. Sterilization
7.10. Skin Cancer
8. Global Phototherapy Market Analysis and Forecast, By End-Use
8.1. Segment Overview
8.2. Home Care Settings
8.3. Dermatology Clinics
8.4. Hospitals
9. Global Phototherapy Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Phototherapy Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in the Phototherapy Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. The Daavlin Company
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Strata Skin Sciences.
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Solarc Systems Inc.
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Signify Holding
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Phoenix Medical Systems Pvt. Ltd.
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Philips Lighting Holding B.V (Signify Holdings)
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Nice Neotech Medical Systems Pvt. Ltd.
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Natus Medical Incorporated.
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. National Biological Corporation
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Hebert Waldmann GmbH & Co. KG.
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. GE Healthcare.
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Product Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
11.12. Atom Medical Corporation.
11.12.1. Business Overview
11.12.2. Company Snapshot
11.12.3. Company Market Share Analysis
11.12.4. Company Product Portfolio
11.12.5. Recent Developments
11.12.6. SWOT Analysis
List of Table
1. Global Phototherapy Market, By Product Type, 2019-2030 (USD Million)
2. Global Fiber Optic Phototherapy Devices Phototherapy Market, By Region, 2019-2030 (USD Million)
3. Global LED-based Phototherapy Devices Phototherapy Market, By Region, 2019-2030 (USD Million)
4. Global Conventional Phototherapy Devices Phototherapy Market, By Region, 2019-2030 (USD Million)
5. Global Others Market, By Region, 2019-2030 (USD Million)
6. Global Phototherapy Market, By Application, 2019-2030 (USD Million)
7. Global Psoriasis Phototherapy Market, By Region, 2019-2030 (USD Million)
8. Global Skin Disease Treatment Phototherapy Market, By Region, 2019-2030 (USD Million)
9. Global Eczema Phototherapy Market, By Region, 2019-2030 (USD Million)
10. Global Vitiligo Phototherapy Market, By Region, 2019-2030 (USD Million)
11. Global Scleroderma Phototherapy Market, By Region, 2019-2030 (USD Million)
12. Global Seasonal Affective Disorder (SAD) Phototherapy Market, By Region, 2019-2030 (USD Million)
13. Global Neonatal Jaundice Management Phototherapy Market, By Region, 2019-2030 (USD Million)
14. Global Sterilization Phototherapy Market, By Region, 2019-2030 (USD Million)
15. Global Skin Cancer Phototherapy Market, By Region, 2019-2030 (USD Million)
16. Global Phototherapy Market, By End-Use, 2019-2030 (USD Million)
17. Global Home Care Settings Phototherapy Market, By Region, 2019-2030 (USD Million)
18. Global Dermatology Clinics Phototherapy Market, By Region, 2019-2030 (USD Million)
19. Global Hospitals Phototherapy Market, By Region, 2019-2030 (USD Million)
20. Global Others Phototherapy Market, By Region, 2019-2030 (USD Million)
21. North America Phototherapy Market, By Product Type, 2019-2030 (USD Million)
22. North America Phototherapy Market, By Application, 2019-2030 (USD Million)
23. North America Phototherapy Market, By End-Use, 2019-2030 (USD Million)
24. U.S. Phototherapy Market, By Product Type, 2019-2030 (USD Million)
25. U.S. Phototherapy Market, By Application, 2019-2030 (USD Million)
26. U.S. Phototherapy Market, By End-Use, 2019-2030 (USD Million)
27. Canada Phototherapy Market, By Product Type, 2019-2030 (USD Million)
28. Canada Phototherapy Market, By Application, 2019-2030 (USD Million)
29. Canada Phototherapy Market, By End-Use, 2019-2030 (USD Million)
30. Mexico Phototherapy Market, By Product Type, 2019-2030 (USD Million)
31. Mexico Phototherapy Market, By Application, 2019-2030 (USD Million)
32. Mexico Phototherapy Market, By End-Use, 2019-2030 (USD Million)
33. Europe Phototherapy Market, By Product Type, 2019-2030 (USD Million)
34. Europe Phototherapy Market, By Application, 2019-2030 (USD Million)
35. Europe Phototherapy Market, By End-Use, 2019-2030 (USD Million)
36. Germany Phototherapy Market, By Product Type, 2019-2030 (USD Million)
37. Germany Phototherapy Market, By Application, 2019-2030 (USD Million)
38. Germany Phototherapy Market, By End-Use, 2019-2030 (USD Million)
39. France Phototherapy Market, By Product Type 2019-2030 (USD Million)
40. France Phototherapy Market, By Application, 2019-2030 (USD Million)
41. France Phototherapy Market, By End-Use, 2019-2030 (USD Million)
42. U.K. Phototherapy Market, By Product Type, 2019-2030 (USD Million)
43. U.K. Phototherapy Market, By Application, 2019-2030 (USD Million)
44. U.K. Phototherapy Market, By End-Use, 2019-2030 (USD Million)
45. Italy Phototherapy Market, By Product Type, 2019-2030 (USD Million)
46. Italy Phototherapy Market, By Application, 2019-2030 (USD Million)
47. Italy Phototherapy Market, By End-Use, 2019-2030 (USD Million)
48. Spain Phototherapy Market, By Product Type, 2019-2030 (USD Million)
49. Spain Phototherapy Market, By Application, 2019-2030 (USD Million)
50. Spain Phototherapy Market, By End-Use, 2019-2030 (USD Million)
51. Asia Pacific Phototherapy Market, By Product Type, 2019-2030 (USD Million)
52. Asia Pacific Phototherapy Market, By Application, 2019-2030 (USD Million)
53. Asia Pacific Phototherapy Market, By End-Use, 2019-2030 (USD Million)
54. Japan Phototherapy Market, By Product Type, 2019-2030 (USD Million)
55. Japan Phototherapy Market, By Application, 2019-2030 (USD Million)
56. Japan Phototherapy Market, By End-Use, 2019-2030 (USD Million)
57. China Phototherapy Market, By Product Type 2019-2030 (USD Million)
58. China Phototherapy Market, By Application, 2019-2030 (USD Million)
59. China Phototherapy Market, By End-Use, 2019-2030 (USD Million)
60. India Phototherapy Market, By Product Type 2019-2030 (USD Million)
61. India Phototherapy Market, By Application, 2019-2030 (USD Million)
62. India Phototherapy Market, By End-Use, 2019-2030 (USD Million)
63. South America Phototherapy Market, By Product Type, 2019-2030 (USD Million)
64. South America Phototherapy Market, By Application, 2019-2030 (USD Million)
65. South America Phototherapy Market, By End-Use, 2019-2030 (USD Million)
66. Brazil Phototherapy Market, By Product Type 2019-2030 (USD Million)
67. Brazil Phototherapy Market, By Application, 2019-2030 (USD Million)
68. Brazil Phototherapy Market, By End-Use, 2019-2030 (USD Million)
69. Middle East and Africa Phototherapy Market, By Product Type, 2019-2030 (USD Million)
70. Middle East and Africa Phototherapy Market, By Application, 2019-2030 (USD Million)
71. Middle East and Africa Phototherapy Market, By End-Use, 2019-2030 (USD Million)
72. UAE Phototherapy Market, By Product Type, 2019-2030 (USD Million)
73. UAE Phototherapy Market, By Application, 2019-2030 (USD Million)
74. UAE Phototherapy Market, By End-Use, 2019-2030 (USD Million)
75. South Africa Phototherapy Market, By Product Type 2019-2030 (USD Million)
76. South Africa Phototherapy Market, By Application, 2019-2030 (USD Million)
77. South Africa Phototherapy Market, By End-Use, 2019-2030 (USD Million)
List of Figures
1. Global Phototherapy Market Segmentation
2. Phototherapy Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Phototherapy Market Attractiveness Analysis by Product Type
9. Global Phototherapy Market Attractiveness Analysis by Application
10. Global Phototherapy Market Attractiveness Analysis by End-Use
11. Global Phototherapy Market Attractiveness Analysis by Region
12. Global Phototherapy Market: Dynamics
13. Global Phototherapy Market Share by Product Type (2022 & 2030)
14. Global Phototherapy Market Share by Application (2022 & 2030)
15. Global Phototherapy Market Share by End-Use (2022 & 2030)
16. Global Phototherapy Market Share by Regions (2022 & 2030)
17. Global Phototherapy Market Share by Company (2021)
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the global phototherapy market based on below mentioned segments:
Global Phototherapy Market Product Type:
Global Phototherapy Market Application:
Global Phototherapy Market End-Use
Global Phototherapy Market by Region:
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Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.
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The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.
The data procurement stage involves in data gathering and collecting through various data sources.
This stage involves in extensive research. These data sources includes:
Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:
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Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.
The supply side for a domain specific market is analysed by:
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In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.
Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:
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