Europe Phototherapy Device Market (2024-2030) | Analysis, Size, Revenue, Trends, Growth, Forecast, Industry, Outlook, Value & Segmentation

Europe Phototherapy Device Market Highlights

Report Name	Europe Phototherapy Device Market
Forecast period	2024-2030
CAGR	6%
Growing Sector	Healthcare

Topics Covered in the Europe Phototherapy Device Market Report

The Europe Phototherapy Device Market report thoroughly covers the market by Countries, Types, End Users, and Applications. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Europe Phototherapy Device Market Synopsis

The Europe phototherapy device market is projected to grow steadily in the coming years. This growth is driven by the increasing prevalence of skin disorders, advancements in technology, and growing awareness about the benefits of phototherapy. However, the market will also face challenges which could hamper the market growth.

According to 6Wresearch, the Europe Phototherapy Device Market size is expected to grow at a significant CAGR of 6% during 2024-2030. One major factor driving this market is the increasing prevalence of skin disorders such as psoriasis and eczema, which require phototherapy treatment. As these conditions become more common, the demand for phototherapy devices is likely to increase. Another driver for the growth of this market is technological advancements in phototherapy devices. Manufacturers are continuously developing new and improved devices with advanced features, making them more efficient and user-friendly. This has resulted in a higher adoption rate among healthcare professionals, further boosting the demand for these devices.

Moreover, the rising awareness among people about the effectiveness of phototherapy for skin disorders is also contributing to market growth. With more patients seeking alternative treatments and a growing preference for non-invasive procedures, there has been a surge in demand for phototherapy devices. However, the Europe phototherapy device market also faces some challenges that could hinder its growth. One major challenge is the high cost associated with these devices, making them less accessible to certain segments of the population. Additionally, strict regulatory requirements and long approval processes for new devices limit the entry of new players into the market, hindering competition and innovation.

Europe Phototherapy Device Industry: Leading Players

Some of the leading players in the phototherapy device market in Europe include Philips Healthcare, GE Healthcare, Natus Medical Incorporated, and Phoenix Medical Systems. Philips Healthcare is a global leader in health technology that offers a range of products for diagnosis and treatment, including phototherapy devices. GE Healthcare is another major player that provides advanced solutions for healthcare professionals, including phototherapy equipment. Natus Medical Incorporated specializes in medical devices and software for newborn care, with their phototherapy devices being one of their key offerings. Phoenix Medical Systems is an Indian-based company that has a presence in the European market, offering phototherapy devices for newborns and infants. These players have a strong presence in Europe and are actively involved in research and development to introduce innovative products to meet the changing needs of the market.

Europe Phototherapy Device Market: Government Regulations

The phototherapy device industry in Europe is subject to various government initiatives aimed at improving healthcare services, promoting technological advancements, and ensuring patient safety. In addition, several regulatory bodies oversee the production, sale, and use of phototherapy devices in Europe. The European Union (EU) sets standards for medical devices through the Medical Device Regulation (MDR), which aims to ensure the safety and performance of medical devices, including phototherapy equipment. The European Medicines Agency (EMA) also plays a role in regulating phototherapy devices by evaluating their quality and effectiveness. Additionally, many countries within Europe have their own specific regulations for medical devices, further ensuring the safety and efficacy of phototherapy devices.

Future Insights of the Market

The phototherapy device market in Europe is expected to witness significant growth in the coming years due to factors such as the increasing prevalence of skin diseases, advancements in technology, and growing demand for non-invasive treatment options. The market is also expected to benefit from the rising geriatric population in Europe, as they are more prone to skin disorders that require phototherapy treatment. Moreover, increasing government initiatives promoting healthcare infrastructure and the adoption of advanced medical devices will further drive the growth of this market. Technologies such as LED-based phototherapy and home-based phototherapy systems are also gaining popularity in Europe, indicating potential opportunities for market growth.

Market Segmentation by Countries

According to Ravi Bhandari, Research Head, 6Wresearch, Germany holds the largest share in the market. This can be attributed to the presence of a large number of hospitals and clinics utilizing phototherapy devices for various treatments.

Market Segmentation by Types

Based on the types, LED phototherapy devices are experiencing a significant increase in demand. This is due to their energy efficiency, portability, and precision in targeting specific areas for treatment. T

Market Segmentation by End Users

In terms of end-users, the homecare segment is expected to witness a rapid growth rate in the coming years. With the rise in awareness about self-care and convenience, more individuals are opting for at-home treatments using phototherapy devices.

Key Attractiveness of the Report

• 10 Years of Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report: 

• Europe Phototherapy Device Market Overview
• Europe Phototherapy Device Market Outlook
• Europe Phototherapy Device Market Forecast
• Historical Data of Phototherapy Device Market Revenues for the Period 2020-2030
• Europe Phototherapy Device Market Size and Forecast of Revenues, Until 2030
• Historical Data of Europe Phototherapy Device Market Revenues, by Product Types, for the Period 2020-2030
• Market Size & Forecast of Europe Phototherapy Device Market Revenues, by Product Types, until 2030
• Historical Data of Europe Phototherapy Device Market Revenues, by Applications, for the Period 2020-2030
• Market Size & Forecast of Europe Phototherapy Device Market Revenues, by Applications, until 2030
• Historical Data of Europe Phototherapy Device Market Revenues, by End Users, for the Period 2020-2030
• Market Size & Forecast of Europe Phototherapy Device Market Revenues, by End Users, until 2030
• Historical Data of United Kingdom Phototherapy Device Market Revenues, for the Period 2020-2030.
• Market Size & Forecast of United Kingdom Phototherapy Device Market Revenues, until 2030.
• Historical Data of Germany Phototherapy Device Market Revenues, for the Period 2020-2030.
• Market Size & Forecast of Germany Phototherapy Device Market Revenues, until 2030.
• Historical Data of France Phototherapy Device Market Revenues, for the Period 2020-2030.
• Market Size & Forecast of France Phototherapy Device Market Revenues, until 2030.
• Historical Data of Italy Phototherapy Device Market Revenues, for the Period 2020-2030.
• Market Size & Forecast of Italy Phototherapy Device Market Revenues, until 2030.
• Historical Data of Rest of Europe Phototherapy Device Market Revenues, for the Period 2020-2030.
• Market Size & Forecast of Rest of Europe Phototherapy Device Market Revenues, until 2030.
• Market Drivers and Restraints
• Europe Phototherapy Device Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Europe Phototherapy Device Market Share, By Regions
• Europe Phototherapy Device Market Share, By Players
• Europe Phototherapy Device Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The report provides a detailed analysis of the following market segments:

By Types

• Conventional Phototherapy Device (Fluorescent Lamps & Compact Fluorescent Lamps)
• Fiber Optic Phototherapy Device
• And LED Phototherapy Device

By Applications

• Skin Disease Treatment (Psoriasis, Eczema, Vitiligo & Others)
• Neonatal Jaundice Management
• Cancers & Pre-Cancers
• And Other Diseases

By End Users

• Hospitals
• Clinics
• And Homecare

By Countries

• Italy
• Germany
• France
• United Kingdom And Rest Of Europe