30 Nov -0001
Rockville, Md. The global phototherapy devices market is set to reach US$ 1.5 Bn by 2031, growing at a 7% CAGR, according to Fact.MR. Phototherapy uses light of a set wavelength to treat chronic conditions, and its devices, from handheld units to walk-in cabinets, span skin disorders and the management of neonatal jaundice.
LED-based systems dominate the product mix, North America leads by region, and jaundice care remains a dependable source of demand. According to the National Center for Biotechnology Information, neonatal jaundice affects 60% to 80% of healthy babies, keeping a steady base of use for these devices.
LED-based devices are the clear leaders, holding more than 55% of revenue and heading toward roughly US$ 800 Mn by 2031, as manufacturers favour their efficiency and portability. Conventional devices grow more slowly at above 4%, while skin disease treatment reaches a valuation of US$ 250 Mn by 2031. North America carries more than 40% of the market, and India grows at a 3% CAGR through the forecast period.
Phototherapy has changed markedly as new peripherals arrive. Smaller, more portable instruments and the effectiveness of light therapy over some alternatives are pulling demand forward, particularly in infant care, and continued advances are expected to keep the market expanding through 2031.
The market spans public and private enterprises engaged in the design, production and distribution of phototherapy devices and accessories. Manufacturers are investing in research and development to improve patient safety and affordability, and recent work has reduced instrument size and improved portability. New entrants are expected to keep the field competitive.
For device makers, growth favours LED platforms and compact, portable designs. Investors get a market with steady clinical demand anchored in jaundice care. Procurement and hospital teams can plan around LED devices leading supply and North America carrying the largest share through 2031.
Fact.MR's study covers the global phototherapy devices market with historical data for 2016 to 2020 and forecasts for 2021 to 2031, segmented by product type, light type, application and end user across seven regions. It sizes each segment, maps the competitive field, and weighs the clinical and technology forces shaping demand. Further detail is available in the phototherapy devices market report.
Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. The firm is known for its syndicated research, custom research and consulting solutions, helping clients make decisions on demand, competition, investment, procurement and future growth.
Phototherapy Devices Market
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Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. We are known for our syndicated research, custom research, and consulting solutions.