Global Phototherapy Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Devices;

Firefly, Fiber-Optic Blanket, Fiber-Optic Band, and Others.

By Application;

UVA, UVB, and UVC.

By Indication;

Skin Diseases, Jaundice, and Others.

By End User;

Hospitals & Clinics, Dermatology Center, Homecare, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn106073309 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Phototherapy Market (USD Million), 2021 - 2031

In the year 2024, the Global Phototherapy Market was valued at USD 439.10 million. The size of this market is expected to increase to USD 591.57 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.4%.

The global phototherapy market, a cornerstone in the realm of medical treatment, is experiencing a profound evolution, fueled by advancements in technology and a deepening understanding of light's therapeutic properties. Phototherapy, a form of medical intervention employing specific wavelengths of light to treat various conditions, has garnered significant attention across diverse medical disciplines, ranging from dermatology to neonatology.

This market's growth trajectory is underpinned by several key factors, including rising incidences of skin disorders such as psoriasis, eczema, and vitiligo, along with an increasing prevalence of neonatal jaundice worldwide. Additionally, the growing geriatric population, coupled with the expanding adoption of phototherapy in cosmetic procedures, further propels market expansion.

Innovative product developments, such as LED-based phototherapy devices offering enhanced efficacy and safety profiles, are driving market competitiveness and fostering a conducive environment for market proliferation. Furthermore, the integration of advanced technologies like artificial intelligence and IoT into phototherapy systems is poised to revolutionize treatment modalities, providing personalized and optimized therapeutic outcomes.

Geographically, North America and Europe stand as dominant players in the global phototherapy market, owing to robust healthcare infrastructure, high healthcare expenditure, and a strong presence of leading market players. However, burgeoning economies in Asia-Pacific and Latin America are witnessing rapid market growth, propelled by increasing healthcare expenditure, improving healthcare infrastructure, and a growing awareness regarding the benefits of phototherapy.

Despite these promising prospects, challenges such as stringent regulatory frameworks, reimbursement issues, and the high cost associated with phototherapy equipment pose significant hurdles to market growth. Nevertheless, strategic collaborations, mergers, and acquisitions among key market players, along with a relentless focus on research and development, are anticipated to overcome these challenges and foster sustainable market expansion.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Devices
    2. Market Snapshot, By Radiation
    3. Market Snapshot, By Indication
    4. Market Snapshot, By End User
    5. Market Snapshot, By Region
  4. Global Phototherapy Market Trends
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological Advancements
        2. Rising Incidence of Skin Disorders
        3. Increasing Prevalence of Neonatal Jaundice
        4. Growing Geriatric Population
      2. Restraints
        1. Stringent Regulatory Frameworks
        2. Reimbursement Issues
        3. High Equipment Costs
      3. Opportunities
        1. Emerging Markets in Asia-Pacific and Latin America
        2. Technological Innovations and Advancements
        3. Strategic Collaborations and Partnerships
        4. Increasing Demand for Non-Invasive Treatment Modalities
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Phototherapy Market, By Devices, 2021 - 2031 (USD Million)
      1. Firefly
      2. Fiber-Optic Blanket
      3. Fiber-Optic Band
      4. Others
    2. Global Phototherapy Market, By Radiation, 2021 - 2031 (USD Million)
      1. UVA
      2. UVB
      3. UVC
    3. Global Phototherapy Market, By Indication, 2021 - 2031 (USD Million)
      1. Skin Diseases
      2. Jaundice
      3. Others
    4. Global Phototherapy Market, By End User, 2021 - 2031 (USD Million)
      1. Hospitals & Clinics
      2. Dermatology Center
      3. Homecare
      4. Others
    5. Global Phototherapy Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Beurer GmbH
      2. GE Healthcare
      3. Herbert Waldmann GmbH
      4. Koninklijke Philips N.V.
      5. Natus Medical Incorporated
      6. PhotoMedex Inc
      7. VIA Global Health
      8. Others
  7. Analyst Views
  8. Future Outlook of the Market