Phototherapy Lamps Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2030

Description

Persistence Market Research has recently published an extensive analysis of the Phototherapy Lamps Market, offering a comprehensive overview of key market dynamics, growth drivers, challenges, and emerging trends. This report provides valuable insights into the structure of the phototherapy lamps market, presenting exclusive data and statistics that forecast the market's growth trajectory from 2023 to 2030.

The global phototherapy lamps market is forecast to expand at a CAGR of 6.8% and thereby increase from a value of US$3.3 Bn in 2023, to US$5.3 Bn by the end of 2030.

Key Insights:

Phototherapy Lamps Market Size (2023 Estimate): USD 3.3 Billion
Projected Market Value (2030 Forecast): US$ 5.3 Billion
Global Market Growth Rate (CAGR 2023 to 2030): 6.8%
Historical Market Growth Rate (CAGR 2018 to 2022): 5.6%

Phototherapy Lamps Market - Report Scope:

The phototherapy lamps market encompasses a diverse range of light-based treatment devices used in the management of various medical conditions, including jaundice in newborns, psoriasis, vitiligo, eczema, and seasonal affective disorder (SAD). These lamps emit specific wavelengths of light to stimulate biological processes, such as the breakdown of bilirubin in jaundiced infants or the suppression of inflammatory responses in dermatological conditions. Market growth is driven by increasing prevalence of skin disorders, growing awareness about the therapeutic benefits of phototherapy, and advancements in lamp technology. Moreover, the rising adoption of home-based phototherapy solutions and expanding applications in non-dermatological conditions fuel market expansion.

Market Growth Drivers:

The global phototherapy lamps market is primarily propelled by the growing incidence of skin disorders, such as psoriasis, eczema, and vitiligo, necessitating effective treatment modalities. Phototherapy offers a safe and efficacious treatment option for these conditions, leveraging the therapeutic properties of ultraviolet (UV) or visible light to alleviate symptoms and improve patients' quality of life. Moreover, technological advancements in lamp design, including the development of narrow-band UV lamps and light-emitting diode (LED) phototherapy devices, enhance treatment outcomes while minimizing adverse effects. Additionally, the advent of home-based phototherapy systems empowers patients to manage their conditions conveniently and cost-effectively, driving market growth.

Market Restraints:

Despite significant growth prospects, the phototherapy lamps market faces challenges related to safety concerns, reimbursement policies, and regulatory compliance. Prolonged exposure to UV radiation carries inherent risks, including skin damage and increased risk of skin cancer, necessitating careful monitoring and adherence to treatment protocols. Furthermore, reimbursement policies vary across regions, affecting patient access to phototherapy services and influencing purchasing decisions for healthcare providers. Stringent regulatory requirements for medical devices, particularly regarding safety and efficacy, pose barriers to market entry for new players and may prolong product development timelines, impacting market growth.

Market Opportunities:

The global phototherapy lamps market stands poised to capitalize on emerging opportunities in pediatric care, dermatology, and mental health. In the field of pediatrics, phototherapy remains the gold standard treatment for neonatal jaundice, driving demand for specialized phototherapy lamps optimized for newborn care. Moreover, the expanding applications of phototherapy in dermatological conditions, such as acne, alopecia, and wound healing, present avenues for market expansion. Furthermore, the therapeutic potential of light-based interventions in addressing mental health disorders, such as depression and sleep disorders, offers new opportunities for innovation and market growth, expanding the reach of phototherapy beyond traditional medical specialties.

Key Questions Addressed in the Report:

Which regions are expected to dominate the phototherapy lamps market in the future?
What are the primary drivers fueling the demand for phototherapy lamps across different medical specialties?
How will technological advancements and evolving treatment guidelines impact the global phototherapy lamps market?
Who are the prominent companies contributing to the phototherapy lamps market, and what strategies are they employing to gain a competitive edge?
What regulatory challenges and reimbursement policies are influencing market dynamics in the phototherapy lamps sector?

Competitive Landscape and Business Strategies:

Major players in the global phototherapy lamps market, such as Philips Lighting Holding B.V., General Electric Company, and Dragerwerk AG & Co. KGaA, prioritize innovation and strategic partnerships to maintain their market position. These companies invest significantly in research and development to enhance lamp performance, improve user experience, and expand product portfolios to cater to diverse medical applications. Furthermore, strategic collaborations with healthcare providers, academic institutions, and regulatory agencies enable market players to validate product efficacy, access new markets, and ensure compliance with evolving regulatory standards. By leveraging technological advancements, market insights, and collaborative partnerships, industry leaders can strengthen their market presence and drive innovation in the phototherapy lamps market.

Key Companies Profiled:

General Electric Company
Koninklijke Philips N.V.
Dragerwerk AG & Co. KGaA
Natus Medical Incorporated
Bistos Co. Ltd.
Fanem Ltd.
Herbert Waldmann GmbH & Co. KG
The Daavlin Distributing Co
Schulze & Bohm GmbH
TSE spol. S R.O.
LightStim

Phototherapy Lamps Market Segmentation:

By Product Type:

LED
UV Light
Halogen Lamps

By Application:

Psoriasis
Vitiligo
Acne
Neonatal Jaundice
Others

By End User:

Hospital
Skin Care Clinics
Home Care Setting
Others

By Region:

North America
Europe
East Asia
South Asia & Oceania
Latin America
Middle East & Africa

Product Code: PMRREP33999

1. Executive Summary

1.1. Global Phototherapy Lamps Market Snapshot, 2023 and 2030
1.2. Market Opportunity Assessment, 2023 - 2030, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Product Type Lifecycle Analysis
2.4. Phototherapy Lamps Market: Value Chain
- 2.4.1. List of Raw Material Supplier
- 2.4.2. List of Manufacturers
- 2.4.3. List of Distributors
- 2.4.4. List of Applications
- 2.4.5. Profitability Analysis
2.5. Porter Five Force's Analysis
2.6. Geopolitical Tensions: Market Impact
2.7. Macro-Economic Factors
- 2.7.1. Global Sectorial Outlook
- 2.7.2. Global GDP Growth Outlook
- 2.7.3. Global Parent Market Overview
2.8. Forecast Factors - Relevance and Impact
2.9. Regulatory and Application Landscape

3. Global Phototherapy Lamps Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

3.1. Key Highlights
- 3.1.1. Market Volume (Units) Projections
- 3.1.2. Market Size and Y-o-Y Growth
- 3.1.3. Absolute $ Opportunity
3.2. Market Size (US$ Mn) Analysis and Forecast
- 3.2.1. Historical Market Size Analysis, 2013-2016
- 3.2.2. Current Market Size Forecast, 2018-2026
3.3. Global Phototherapy Lamps Market Outlook: Product Type
- 3.3.1. Introduction / Key Findings
- 3.3.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Product Type, 2018 - 2022
- 3.3.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
  - 3.3.3.1. LED
  - 3.3.3.2. UV Light
  - 3.3.3.3. Halogen Lamps
3.4. Market Attractiveness Analysis: Product Type
3.5. Global Phototherapy Lamps Market Outlook: Application
- 3.5.1. Introduction / Key Findings
- 3.5.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Application, 2018 - 2022
- 3.5.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
  - 3.5.3.1. Psoriasis
  - 3.5.3.2. Vitiligo
  - 3.5.3.3. Acne
  - 3.5.3.4. Neonatal Jaundice
  - 3.5.3.5. Others
3.6. Market Attractiveness Analysis: Application
3.7. Global Phototherapy Lamps Market Outlook: End User
- 3.7.1. Introduction / Key Findings
- 3.7.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By End User, 2018 - 2022
- 3.7.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By End User, 2023 - 2030
  - 3.7.3.1. Hospital
  - 3.7.3.2. Skin Care Clinics
  - 3.7.3.3. Home Care Setting
  - 3.7.3.4. Others
3.8. Market Attractiveness Analysis: End User

4. Global Phototherapy Lamps Market Outlook: Region

4.1. Key Highlights
4.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Region, 2018 - 2022
4.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Region, 2023 - 2030
- 4.3.1. North America
- 4.3.2. Europe
- 4.3.3. East Asia
- 4.3.4. South Asia and Oceania
- 4.3.5. Latin America
- 4.3.6. Middle East & Africa (MEA)
4.4. Market Attractiveness Analysis: Region

5. North America Phototherapy Lamps Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

5.1. Key Highlights
5.2. Pricing Analysis
5.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 5.3.1. By Country
- 5.3.2. By Product Type
- 5.3.3. By Application
- 5.3.4. By End User
5.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 5.4.1. U.S.
- 5.4.2. Canada
5.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 5.5.1. LED
- 5.5.2. UV Light
- 5.5.3. Halogen Lamps
5.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 5.6.1. Psoriasis
- 5.6.2. Vitiligo
- 5.6.3. Acne
- 5.6.4. Neonatal Jaundice
- 5.6.5. Others
5.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By End User, 2023 - 2030
- 5.7.1. Hospital
- 5.7.2. Skin Care Clinics
- 5.7.3. Home Care Setting
- 5.7.4. Others
5.8. Market Attractiveness Analysis

6. Europe Phototherapy Lamps Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

6.1. Key Highlights
6.2. Pricing Analysis
6.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 6.3.1. By Country
- 6.3.2. By Product Type
- 6.3.3. By Application
- 6.3.4. By End User
6.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 6.4.1. Germany
- 6.4.2. France
- 6.4.3. U.K.
- 6.4.4. Italy
- 6.4.5. Spain
- 6.4.6. Russia
- 6.4.7. Turkiye
- 6.4.8. Rest of Europe
6.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 6.5.1. LED
- 6.5.2. UV Light
- 6.5.3. Halogen Lamps
6.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 6.6.1. Psoriasis
- 6.6.2. Vitiligo
- 6.6.3. Acne
- 6.6.4. Neonatal Jaundice
- 6.6.5. Others
6.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By End User, 2023 - 2030
- 6.7.1. Hospital
- 6.7.2. Skin Care Clinics
- 6.7.3. Home Care Setting
- 6.7.4. Others
6.8. Market Attractiveness Analysis

7. East Asia Phototherapy Lamps Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 7.3.1. By Country
- 7.3.2. By Product Type
- 7.3.3. By Application
- 7.3.4. By End User
7.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. South Korea
7.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 7.5.1. LED
- 7.5.2. UV Light
- 7.5.3. Halogen Lamps
7.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 7.6.1. Psoriasis
- 7.6.2. Vitiligo
- 7.6.3. Acne
- 7.6.4. Neonatal Jaundice
- 7.6.5. Others
7.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By End User, 2023 - 2030
- 7.7.1. Hospital
- 7.7.2. Skin Care Clinics
- 7.7.3. Home Care Setting
- 7.7.4. Others
7.8. Market Attractiveness Analysis

8. South Asia & Oceania Phototherapy Lamps Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 8.3.1. By Country
- 8.3.2. By Product Type
- 8.3.3. By Application
- 8.3.4. By End User
8.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 8.4.1. India
- 8.4.2. Southeast Asia
- 8.4.3. ANZ
- 8.4.4. Rest of South Asia & Oceania
8.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 8.5.1. LED
- 8.5.2. UV Light
- 8.5.3. Halogen Lamps
8.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 8.6.1. Psoriasis
- 8.6.2. Vitiligo
- 8.6.3. Acne
- 8.6.4. Neonatal Jaundice
- 8.6.5. Others
8.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By End User, 2023 - 2030
- 8.7.1. Hospital
- 8.7.2. Skin Care Clinics
- 8.7.3. Home Care Setting
- 8.7.4. Others
8.8. Market Attractiveness Analysis

9. Latin America Phototherapy Lamps Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 9.3.1. By Country
- 9.3.2. By Product Type
- 9.3.3. By Application
- 9.3.4. By End User
9.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
9.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 9.5.1. LED
- 9.5.2. UV Light
- 9.5.3. Halogen Lamps
9.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 9.6.1. Psoriasis
- 9.6.2. Vitiligo
- 9.6.3. Acne
- 9.6.4. Neonatal Jaundice
- 9.6.5. Others
9.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By End User, 2023 - 2030
- 9.7.1. Hospital
- 9.7.2. Skin Care Clinics
- 9.7.3. Home Care Setting
- 9.7.4. Others
9.8. Market Attractiveness Analysis

10. Middle East & Africa Phototherapy Lamps Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 10.3.1. By Country
- 10.3.2. By Product Type
- 10.3.3. By Application
- 10.3.4. By End User
10.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 10.4.1. GCC
- 10.4.2. Egypt
- 10.4.3. South Africa
- 10.4.4. Northern Africa
- 10.4.5. Rest of Middle East & Africa
10.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2023 - 2030
- 10.5.1. LED
- 10.5.2. UV Light
- 10.5.3. Halogen Lamps
10.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 10.6.1. Psoriasis
- 10.6.2. Vitiligo
- 10.6.3. Acne
- 10.6.4. Neonatal Jaundice
- 10.6.5. Others
10.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By End User, 2023 - 2030
- 10.7.1. Hospital
- 10.7.2. Skin Care Clinics
- 10.7.3. Home Care Setting
- 10.7.4. Others
10.8. Market Attractiveness Analysis

11. Competition Landscape

11.1. Market Share Analysis, 2022
11.2. Market Structure
- 11.2.1. Competition Intensity Mapping By Market
- 11.2.2. Competition UV Light
- 11.2.3. Apparent Product Capacity
11.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 11.3.1. General Electric Company
  - 11.3.1.1. Overview
  - 11.3.1.2. Segments and Product
  - 11.3.1.3. Key Financials
  - 11.3.1.4. Market Developments
  - 11.3.1.5. Market Strategy
- 11.3.2. Koninklijke Philips N.V.
- 11.3.3. Dragerwerk AG & Co. KGaA
- 11.3.4. Natus Medical Incorporated
- 11.3.5. Bistos Co. Ltd.
- 11.3.6. Fanem Ltd.
- 11.3.7. Herbert Waldmann GmbH & Co. KG
- 11.3.8. The Daavlin Distributing Co
- 11.3.9. Schulze & Bohm GmbH
- 11.3.10. TSE spol. S R.O.
- 11.3.11. LightStim.

12. Appendix

12.1. Research Methodology
12.2. Research Assumptions
12.3. Acronyms and Abbreviations