North America Phototherapy Device Market (2024-2030) | Size, Share, Growth, Analysis, Forecast, Trends, Value & Outlook
Market Forecast 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 (United States, Canada and Rest of North America) and Competitive Landscape.
| Product Code: ETC000860 | Publication Date: Jul 2024 | Updated Date: Jul 2024 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
North America Phototherapy Device Market Highlights
| Report Name | North America Phototherapy Device Market |
| Forecast period | 2024-2030 |
| CAGR | 5% |
| Growing Sector | Healthcare |
Topics Covered in the North America Phototherapy Device Market Report
The North America 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.
North America Phototherapy Device Market Synopsis
The North America phototherapy device market is a rapidly growing sector driven by the high prevalence of skin diseases and increasing awareness about effective treatments. With the projected growth, this market offers significant growth opportunities for electronic and medical devices used to treat conditions such as psoriasis, eczema, and vitiligo.
According to 6Wresearch, the North America Phototherapy Device Market size is expected to grow at a significant CAGR of 5% during 2024-2030. One driving factor is the increasing prevalence of skin disorders, especially among the ageing population in the region. With a rise in psoriasis and vitiligo, there is a growing demand for effective treatment options such as phototherapy devices. Additionally, there has been an increase in awareness about the benefits of phototherapy treatments, leading to more people opting for these devices over traditional medication-based treatments. Furthermore, advancements in technology have resulted in the development of more advanced and efficient phototherapy devices, which also contribute to the market's growth.
However, there are also some challenges that the market faces. One of them is the high cost associated with these devices and treatments, making them unaffordable for some patients. Moreover, the stringent regulations and standards set by regulatory bodies pose a barrier to market growth as manufacturers need to meet strict requirements before their products can be approved for use. Another challenge is the potential side effects and risks associated with phototherapy treatment, such as burns or skin damage. This can deter some individuals from opting for this form of treatment, which in turn affects the demand for phototherapy devices
North America Phototherapy Device Industry Leading Players
The North America Phototherapy Device Market is a highly competitive market with several key players dominating the industry. One of the major players in the market is Philips Healthcare, which offers a range of phototherapy devices for various skin disorders such as psoriasis and eczema. Other significant players include GE Healthcare, Hill-Rom Holdings Inc., Natus Medical Incorporated, Drägerwerk AG & Co. KGaA, Atom Medical Corporation, Phoenix Medical Systems Pvt. Ltd., Solarc Systems Inc., and National Biological Corporation.
North America Phototherapy Device Market Government Regulations
The North America Phototherapy Device Market is influenced by government initiatives aimed at promoting the use of phototherapy devices for various skin disorders. In the United States, the Food and Drug Administration (FDA) regulates medical devices, including phototherapy devices, ensuring their safety and effectiveness. The agency has approved several phototherapy devices for different skin conditions such as psoriasis and vitiligo. Additionally, organizations like the American Academy of Dermatology Association have been advocating for insurance coverage for phototherapy treatment to make it more accessible to patients.
Future Insights of the Market
The North America Phototherapy Device Market is expected to grow significantly in the coming years. The increasing prevalence of skin disorders and the rising demand for non-invasive treatment options are some of the key factors driving market growth. Technological advancements, such as the development of portable and handheld phototherapy devices, are also expected to contribute to market growth. Moreover, with the growing trend towards home-based care and telemedicine, there is likely to be a higher demand for at-home phototherapy devices in the future.
Market Segmentation by Types
According to Ravi Bhandari, Research Head, 6Wresearch, LED phototherapy devices are projected to witness the highest growth due to their advantages such as energy efficiency and targeted treatment capabilities.
Market Segmentation by End Users
Hospitals are currently the largest end-user of phototherapy devices in North America, with a high demand for these devices in both inpatient and outpatient settings
Market Segmentation by Applications
In terms of applications, skin disease treatment holds the largest share of the North America market. This can be attributed to a rising prevalence of skin diseases such as psoriasis and eczema among the population.
Market Segmentation Countries
The United States holds the largest share of the North America phototherapy device market. This can be attributed to the presence of a well-established healthcare infrastructure and technological advancements in this region.
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
- North America Phototherapy Device Market Overview
- North America Phototherapy Device Market Outlook
- North America Phototherapy Device Market Forecast
- Historical Data of Phototherapy Device Market Revenues for the Period 2020-2030
- North America Phototherapy Device Market Size and Forecast of Revenues, Until 2030
- Historical Data of North America Phototherapy Device Market Revenues, by Product Types, for the Period 2020-2030
- Market Size & Forecast of North America Phototherapy Device Market Revenues, by Product Types, until 2030
- Historical Data of North America Phototherapy Device Market Revenues, by Applications, for the Period 2020-2030
- Market Size & Forecast of North America Phototherapy Device Market Revenues, by Applications, until 2030
- Historical Data of North America Phototherapy Device Market Revenues, by End Users, for the Period 2020-2030
- Market Size & Forecast of North America Phototherapy Device Market Revenues, by End Users, until 2030
- Historical Data of United States Phototherapy Device Market Revenues, for the Period 2020-2030.
- Market Size & Forecast of United States Phototherapy Device Market Revenues, until 2030.
- Historical Data of Canada Phototherapy Device Market Revenues, for the Period 2020-2030.
- Market Size & Forecast of Canada Phototherapy Device Market Revenues, until 2030.
- Historical Data of Rest of North America Phototherapy Device Market Revenues, for the Period 2020-2030.
- Market Size & Forecast of Rest of North America Phototherapy Device Market Revenues, until 2030.
- Market Drivers and Restraints
- North America Phototherapy Device Market Trends and Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- North America Phototherapy Device Market Share, By Regions
- North America Phototherapy Device Market Share, By Players
- North America 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
- United States
- Canada And Rest Of North America
North America Phototherapy Device Market (2024-2030); FAQs
Some of the key players in the North America Phototherapy Device Market include Philips Healthcare, GE Healthcare, Hill-Rom Holdings Inc., and Natus Medical Incorporated.
The key factors driving the growth of the market due to ageing population, the increase of awareness among people, and advancements in technology.
The Skin Disease Treatment (Psoriasis, Eczema, Vitiligo & Others) applications hold the highest market share.
The key challenges faced by the market are the high cost of devices and treatment and the side effects of the phototherapy treatment.
| 1. Executive Summary |
| 2. Introduction |
| 2.1 Report Description |
| 2.2 Key Highlights of The Report |
| 2.3 Market Scope & Segmentation |
| 2.4 Research Methodology |
| 2.5 Assumptions |
| 3. North America Phototherapy Device Market Overview |
| 3.1 North America Phototherapy Device Market Revenues, 2020-2030F |
| 3.2 North America Phototherapy Device Market Revenue Share, By Product Types, 2020 & 2030F |
| 3.3 North America Phototherapy Device Market Revenue Share, By Applications, 2020 & 2030F |
| 3.4 North America Phototherapy Device Market Revenue Share, By End Users, 2020 & 2030F |
| 3.5 North America Phototherapy Device Market Revenue Share, By Regions, 2020 & 2030F |
| 3.6 North America Phototherapy Device Market Industry Life Cycle |
| 3.7 North America Phototherapy Device Market- Porter’s Five Forces |
| 4. North America Phototherapy Device Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.3 Market Restraints |
| 5. North America Phototherapy Device Market Trends |
| 6. North America Phototherapy Device Market Overview, By Product Types |
| 6.1 North America Conventional Phototherapy Device Market Revenues, 2020-2030F |
| 6.1.1 North America Conventional Phototherapy Equipment with Fluorescent Lamp Market Revenues, 2020-2030F |
| 6.1.2 North America Conventional Phototherapy Equipment with Compact Fluorescent Lamp Market Revenues, 2020-2030F |
| 6.2 North America LED Phototherapy Device Market Revenues, 2020-2030F |
| 6.3 North America Fiberoptic Phototherapy Device Market Revenues, 2020-2030F |
| 7. North America Phototherapy Device Market Overview, By Applications |
| 7.1 North America Skin Disease Treatment Market Revenues, 2020-2030F |
| 7.1.1 North America Skin Disease Treatment Market Revenues, By Vitiligo, 2020-2030F |
| 7.1.2 North America Skin Disease Treatment Market Revenues, By Eczema, 2020-2030F |
| 7.1.3 North America Skin Disease Treatment Market Revenues, By Psoriasis, 2020-2030F |
| 7.1.4 North America Skin Disease Treatment Market Revenues, By Others, 2020-2030F |
| 7.2 North America Neonatal Jaundice Management Market Revenues, 2020-2030F |
| 7.3 North America Cancer and Pre-cancer Treatment Market Revenues, 2020-2030F |
| 7.4 North America Other Diseases Treatment Market Revenues, 2020-2030F |
| 8. North America Phototherapy Device Market Overview, By End-Users |
| 8.1 North America Phototherapy Device Market Revenues, By Hospitals & Clinics, 2020-2030F |
| 8.2 North America Phototherapy Device Market Revenues, By Homecare, 2020-2030F |
| 8.3 North America Phototherapy Device Market Revenues, By Clinics, 2020-2030F |
| 9. United States Phototherapy Device Market Overview |
| 9.1 United States Phototherapy Device Market Revenues, 2020-2030F |
| 9.2 United States Phototherapy Device Market Revenues, By Product Types, 2020-2030F |
| 9.3 United States Phototherapy Device Market Revenues, By Applications, 2020-2030F |
| 9.4 United States Phototherapy Device Market Revenues, By End Users, 2020-2030F |
| 10. Canada Phototherapy Device Market Overview |
| 10.1 Canada Phototherapy Device Market Revenues, 2020-2030F |
| 10.2 Canada Phototherapy Device Market Revenues, By Product Types, 2020-2030F |
| 10.3 Canada Phototherapy Device Market Revenues, By Applications, 2020-2030F |
| 10.4 Canada Phototherapy Device Market Revenues, By End Users, 2020-2030F |
| 11. Rest of North America Phototherapy Device Market Overview |
| 11.1 Rest of North America Phototherapy Device Market Revenues, 2020-2030F |
| 12. North America Phototherapy Device Market Opportunity Assessment |
| 12.1 North America Phototherapy Device Market Opportunity Assessment, By Product Types, 2030F |
| 12.2 North America Phototherapy Device Market Opportunity Assessment, By Applications, 2030F |
| 12.3 North America Phototherapy Device Market Opportunity Assessment, By End Users, 2030F |
| 12.4 North America Phototherapy Device Market Opportunity Assessment, By Regions, 2030F |
| 13. North America Phototherapy Device Market Competitive Landscape |
| 13.1 North America Phototherapy Device Market Revenue Share, By Companies, 2023 |
| 13.1.1 United States Phototherapy Device Market Revenue Share, By Companies, 2023 |
| 13.1.2 Canada Phototherapy Device Market Revenue Share, By Companies, 2023 |
| 13.2 North America Phototherapy Device Market Competitive Benchmarking, By Operating Parameters |
| 14. Company Profiles |
| 15. Strategic Recommendations |
| 16. Disclaimer |
Market Forecast 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 (United States, Canada and Rest of North America) and Competitive Landscape.
| Product Code: ETC000860 | Publication Date: Jun 2023 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Latest 2023 Developments of the North America Phototherapy Device Market
North America Phototherapy Device Market has seen the latest developments which include the usage of phototherapy devices to treat a number of skin diseases in addition to neonatal jaundice. Currently, there is a growing demand for technologically advanced phototherapy equipment which are not only cost-effective but also efficient and offer features that enhance user safety. Conventional compact fluorescent lamps are among the most commonly used phototherapy sources. They require less space, provide higher irradiances, and consume lower power compared to conventional fluorescent lamps. LED-based phototherapy devices are also getting famous, but the negative effects of high-power LEDs are still under study.
Mergers and Acquisitions:
- On November 27, 2020, GE Healthcare announced the acquisition of Prismatic Sensors.
- In August 2021, SHINE Medical Technologies LLC and Phoenix LLC announced that the companies have completed a merger under which Phoenix has become a wholly owned subsidiary of SHINE.
North America Phototherapy Device Market Synopsis
Growing neonatal jaundice, and various skin diseases amongst individuals such as eczema, vitiligo and others are leading to an increased demand for phototherapy devices in North America. Moreover, rising concerns among individuals to maintain healthy skin are projected to promote the growth of the North America phototherapy market during the forecast period.
According to 6Wresearch, North America Phototherapy Device market size is anticipated to observe healthy growth projections during 2019-2025. The region has a vast cosmetic industry rolling at a sound pace. Furthermore, the United States has been observed as a major player in the cosmetic industry. The market for phototherapy devices in the country would be further assisted as the cosmetic industry marks progression. On the contrary, various substitutes available in the market to cure skin issues, some of which include antibiotics, substitute surgeries for treatment, and low availability of phototherapy devices may offend the North America phototherapy market growth.
Additionally, the North America region is all set to cherish itself as a beauty bird, by way of various skin care innovations paving way of phototherapy device market in the region. Additionally, various innovations taking place in the cosmetic industry would further support the growth of phototherapy device market over the coming years.
In terms of applications, hospitals accounts for majority of the market share of the overall North America phototherapy device market as a result of rising need for surgical operations related to neonatal jaundice treatment and various skin related complications. Additionally, the United States dominates the North America phototherapy device market as a result of huge investment in biotechnology industry and advancement in technology.
The North America phototherapy device market report thoroughly covers the market by product types, applications, end users and countries including the United States, Canada and rest of North America. The Phototherapy device market outlook report provides an unbiased and detailed analysis of the ongoing North America phototherapy device 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.
Key Highlights of the Report:
- North America Phototherapy Device Market Overview
- North America Phototherapy Device Market Outlook
- North America Phototherapy Device Market Forecast
- Historical Data of Phototherapy Device Market Revenues for the Period 2015-2018
- North America Phototherapy Device Market Size and Forecast of Revenues, Until 2025
- Historical Data of North America Phototherapy Device Market Revenues, by Product Types, for the Period 2015-2018
- Market Size & Forecast of North America Phototherapy Device Market Revenues, by Product Types, until 2025
- Historical Data of North America Phototherapy Device Market Revenues, by Applications, for the Period 2015-2018
- Market Size & Forecast of North America Phototherapy Device Market Revenues, by Applications, until 2025
- Historical Data of North America Phototherapy Device Market Revenues, by End Users, for the Period 2015-2018
- Market Size & Forecast of North America Phototherapy Device Market Revenues, by End Users, until 2025
- Historical Data of United States Phototherapy Device Market Revenues, for the Period 2015-2018.
- Market Size & Forecast of United States Phototherapy Device Market Revenues, until 2025.
- Historical Data of Canada Phototherapy Device Market Revenues, for the Period 2015-2018.
- Market Size & Forecast of Canada Phototherapy Device Market Revenues, until 2025.
- Historical Data of Rest of North America Phototherapy Device Market Revenues, for the Period 2015-2018.
- Market Size & Forecast of Rest of North America Phototherapy Device Market Revenues, until 2025.
- Market Drivers and Restraints
- North America Phototherapy Device Market Trends and Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- North America Phototherapy Device Market Share, By Regions
- North America Phototherapy Device Market Share, By Players
- North America Phototherapy Device Market Overview on Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Markets Covered:
The North America phototherapy device market report provides a detailed analysis of the following market segments:
By Types:
-
- Conventional Phototherapy Device
- Fluorescent Lamps,
- Compact Fluorescent Lamps
- Fiber Optic Phototherapy Device
- LED Phototherapy Device
By Applications:
- Skin Disease Treatment
- Psoriasis
- Eczema
- Vitiligo
- Others
- Neonatal Jaundice Management
- Cancers and Pre-cancers
- Other Diseases
- Skin Disease Treatment
- Conventional Phototherapy Device
By End Users:
- Hospitals
- Clinics
- Homecare
By Countries:
- United States
- Canada
- Rest of North America
Latest 2023 Developments of the North America Phototherapy Device Market
North America Phototherapy Device Market has seen the latest developments which include the usage of phototherapy devices to treat a number of skin diseases in addition to neonatal jaundice. Currently, there is a growing demand for technologically advanced phototherapy equipment which are not only cost-effective but also efficient and offer features that enhance user safety. Conventional compact fluorescent lamps are among the most commonly used phototherapy sources. They require less space, provide higher irradiances, and consume lower power compared to conventional fluorescent lamps. LED-based phototherapy devices are also getting famous, but the negative effects of high-power LEDs are still under study.
Mergers and Acquisitions:
- On November 27, 2020, GE Healthcare announced the acquisition of Prismatic Sensors.
- In August 2021, SHINE Medical Technologies LLC and Phoenix LLC announced that the companies have completed a merger under which Phoenix has become a wholly owned subsidiary of SHINE.
North America Phototherapy Device Market Synopsis
Growing neonatal jaundice, and various skin diseases amongst individuals such as eczema, vitiligo and others are leading to an increased demand for phototherapy devices in North America. Moreover, rising concerns among individuals to maintain healthy skin are projected to promote the growth of the North America phototherapy market during the forecast period.
According to 6Wresearch, North America Phototherapy Device market size is anticipated to observe healthy growth projections during 2019-2025. The region has a vast cosmetic industry rolling at a sound pace. Furthermore, the United States has been observed as a major player in the cosmetic industry. The market for phototherapy devices in the country would be further assisted as the cosmetic industry marks progression. On the contrary, various substitutes available in the market to cure skin issues, some of which include antibiotics, substitute surgeries for treatment, and low availability of phototherapy devices may offend the North America phototherapy market growth.
Additionally, the North America region is all set to cherish itself as a beauty bird, by way of various skin care innovations paving way of phototherapy device market in the region. Additionally, various innovations taking place in the cosmetic industry would further support the growth of phototherapy device market over the coming years.
In terms of applications, hospitals accounts for majority of the market share of the overall North America phototherapy device market as a result of rising need for surgical operations related to neonatal jaundice treatment and various skin related complications. Additionally, the United States dominates the North America phototherapy device market as a result of huge investment in biotechnology industry and advancement in technology.
The North America phototherapy device market report thoroughly covers the market by product types, applications, end users and countries including the United States, Canada and rest of North America. The Phototherapy device market outlook report provides an unbiased and detailed analysis of the ongoing North America phototherapy device 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.
Key Highlights of the Report:
- North America Phototherapy Device Market Overview
- North America Phototherapy Device Market Outlook
- North America Phototherapy Device Market Forecast
- Historical Data of Phototherapy Device Market Revenues for the Period 2015-2018
- North America Phototherapy Device Market Size and Forecast of Revenues, Until 2025
- Historical Data of North America Phototherapy Device Market Revenues, by Product Types, for the Period 2015-2018
- Market Size & Forecast of North America Phototherapy Device Market Revenues, by Product Types, until 2025
- Historical Data of North America Phototherapy Device Market Revenues, by Applications, for the Period 2015-2018
- Market Size & Forecast of North America Phototherapy Device Market Revenues, by Applications, until 2025
- Historical Data of North America Phototherapy Device Market Revenues, by End Users, for the Period 2015-2018
- Market Size & Forecast of North America Phototherapy Device Market Revenues, by End Users, until 2025
- Historical Data of United States Phototherapy Device Market Revenues, for the Period 2015-2018.
- Market Size & Forecast of United States Phototherapy Device Market Revenues, until 2025.
- Historical Data of Canada Phototherapy Device Market Revenues, for the Period 2015-2018.
- Market Size & Forecast of Canada Phototherapy Device Market Revenues, until 2025.
- Historical Data of Rest of North America Phototherapy Device Market Revenues, for the Period 2015-2018.
- Market Size & Forecast of Rest of North America Phototherapy Device Market Revenues, until 2025.
- Market Drivers and Restraints
- North America Phototherapy Device Market Trends and Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- North America Phototherapy Device Market Share, By Regions
- North America Phototherapy Device Market Share, By Players
- North America Phototherapy Device Market Overview on Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Markets Covered:
The North America phototherapy device market report provides a detailed analysis of the following market segments:
By Types:
-
- Conventional Phototherapy Device
- Fluorescent Lamps,
- Compact Fluorescent Lamps
- Fiber Optic Phototherapy Device
- LED Phototherapy Device
By Applications:
- Skin Disease Treatment
- Psoriasis
- Eczema
- Vitiligo
- Others
- Neonatal Jaundice Management
- Cancers and Pre-cancers
- Other Diseases
- Skin Disease Treatment
- Conventional Phototherapy Device
By End Users:
- Hospitals
- Clinics
- Homecare
By Countries:
- United States
- Canada
- Rest of North America
North America Phototherapy Device market is expected to register a CAGR of 3.5% over the forecast period (2019-2025). The increasing prevalence of skin related diseases and rising cases of psoriasis can be attributed to the growth of the market.
According to National Psoriasis Foundation, in 2019, around 8 million people are affected by psoriasis in United States alone. This has encouraged several companies operating in dermatology products segment to launch their innovative product for treating psoriatic lesions. In June 2018, Verrica Pharmaceuticals Inc., an American biopharmaceutical company introduced its topical solution called VP-102 which is indicated for treatment of molluscum contagiosum virus lesions in patients aged two years and older with mild or moderate levels. Such initiatives have further led to increased adoption and usage phototherapy devices across North America region thereby driving the market growth
Competitive Landscape:
The North America Phototherapy Device Market is moderately competitive owing to presence of few players competing against each other with their product offerings and business strategies. Some key players operating in this market include Koninklijke Philips N.V., Lumenis Ltd., Solarc Systems Inc., General Medical Merate SPA etc.. Companies are focusing on introducing new technologies such as LED based systems that use lower power consumption but provide higher energy output compared conventional bulbs used for phototherapy treatments thus providing more efficient performance than traditional lamps requiring less time per session as well as low maintenance costs associated with them due which they can penetrate deeper into the medical device industry
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