The global phototherapy lamps market size is poised to surpass a valuation of USD 6,551.8 million by 2033. Phototherapy lamp manufacturers expect the market to progress at a modest CAGR of 6.8% through 2033. The current valuation for the market is USD 3,381.4 million in 2023.
Key Market Highlights
Market Revenues to Rise at a Slightly Higher CAGR in the Coming Decade
Historically, the phototherapy lamps industry performance has gained traction at an average CAGR of 5.6% from 2018 to 2022, which is likely to increase by 1.2% through 2033. Due to greater attention in the media and within the medical community, awareness of the advantages of phototherapy has progressively expanded over time.
More individuals are becoming aware of the benefits of using light therapy to treat problems, including SAD, depression, and skin issues. As news of its success spreads, more individuals are looking into phototherapy lamps as a possible treatment option.
People are realizing the advantages of phototherapy for non-medical uses as well. Some people use these lights to increase energy levels during exhausting workdays, improve focus and productivity, or just to make their homes and other locations well-lit. The application of phototherapy lights will be expanded into non-medical areas, thereby increasing revenues in the coming years.
Advent of Biohacking Will Act as a Catalyst for Growth
The biohacking and performance optimization movement, which emphasizes cognitive improvement, sleep optimization, mood management, enhanced energy, holistic health, experimentation, and the integration of technology, is promoting the expansion of the phototherapy lamps and unit market.
Phototherapy lamps are appealing tools for anyone looking to improve their physical and mental performance because they coincide with the aims and tenets of biohacking. This development broadens the market's appeal and promotes further research and development in the domain of light therapy.
The Indian phototherapy lamps market will greatly benefit from this trend. Given the country's varied climate and the prevalence of urban life, where people may spend a lot of time indoors, phototherapy lamps might provide a practical approach to make up for decreased exposure to natural light. Indian customers can respond favorably if the lights' help for circadian rhythm control and mood enhancement is highlighted.
| Attributes | Details |
|---|---|
| Phototherapy Lamps Market Size, 2022 | USD 3,176.3 million |
| Phototherapy Lamps Market Size, 2023 | USD 3,381.4 million |
| Phototherapy Lamps Market Size, 2033 | USD 6,551.8 million |
| Value-based CAGR (2023 to 2033) | 6.8% |
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| Attributes | Details |
|---|---|
| Phototherapy Lamps Market Size (2018) | USD 2,422.8 million |
| Phototherapy Lamps Market Size (2022) | USD 3,176.3 million |
| Phototherapy Lamps Market CAGR (2018 to 2022) | 5.6% |
In both the medical community and the general population, there has been an increase in awareness concerning the advantages of phototherapy in recent years. With more people becoming aware of its benefits, phototherapy is now more widely accepted as a treatment option for a variety of illnesses, including skin problems, seasonal affective disorder (SAD), and mental disorders.
A larger audience now finds them more approachable and appealing due to the development of more sophisticated and user-friendly phototherapy lamp technology. These lights nowadays often have features that improve their usefulness and efficiency, such as programmable timers, remote controls, adjustable light intensity, and customized settings.
The medical phototherapy lamps market growth has been aided by the increased awareness of and conversations about mental health. More people are looking for non-pharmacological options to treat mood disorders, including depression and anxiety, and phototherapy is one such non-pharmacological solution.
Consumers now have an easier time comparing, researching, and buying phototherapy lights due to the growth of online retail platforms and e-commerce. By making it easier for customers from numerous regions to obtain these items, the market's accessibility and reach have increased.
Phototherapy lights are anticipated to see more medical applications in the coming decade. Additional therapeutic uses may be discovered via new research, which might result in regulatory authorization for the treatment of further medical diseases. It is anticipated that the wellness and biohacking movements will continue to fuel interest in phototherapy to enhance both physical and mental performance.
This might result in more applications outside of the norm. Consumer education about the correct use of phototherapy lamps, including safety measures and treatment regimens, will become more crucial in the phototherapy market.
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Principal Consultant
In 2022, LEDs were the top product type, acquiring nearly 37.4% of the phototherapy lamps market share.
| Top Product Type | LED |
|---|---|
| Value Share (2022) | 37.4% |
The spectrum of light that is emitted may be precisely controlled with LEDs. This capacity is vital in phototherapy, where particular light wavelengths are necessary for various treatment goals, such as UVB for psoriasis or blue light for acne treatment. Since LEDs produce less heat than conventional bulbs, there is less chance of pain and overheating during lengthy treatment sessions.
This improves the comfort and usability of LED phototherapy lights. Since LED phototherapy lamps are often more portable and compact. They can be used in a variety of locations, including residences, clinical settings, and even wearable technology. These benefits have helped LED technology take the lead in the market for phototherapy lamps.
In 2022, skin care clinics emerged as the leading end-use sector, capturing 38.6% of the phototherapy lamps market share.
| Top End-use Sector | Skin Care Clinics |
|---|---|
| Value Share (2022) | 38.6% |
Skin care clinics treat a wide range of patients with different skin issues such as psoriasis, eczema, vitiligo, and acne. Modern phototherapy equipment such as LED phototherapy lamps with precise wavelength control is typically bought by skin care clinics. Greater effectiveness and efficiency are made possible by this cutting-edge technology.
Skin care clinics frequently focus on both medical and aesthetic aspects of skin health, taking a holistic approach. In addition to treating medical disorders, phototherapy may enhance the general look and quality of the skin. They are key players in the phototherapy devices market due to their capacity to offer specialized treatments for a variety of skin problems and their dedication to patient safety and education.
In 2022, psoriasis was the leading application, capturing 26.6% of the phototherapy lamps market share.
| Top Application | Psoriasis |
|---|---|
| Value Share (2022) | 26.6% |
According to the World Psoriasis Day Consortium, nearly 125 million people or about 2 to 3 percent of the global population have psoriasis. Psoriasis has long been known to respond effectively to phototherapy, especially when UVB (ultraviolet B) radiation is used. It aids in easing psoriasis symptoms such as skin redness, irritation, and scaling.
Being a chronic illness, psoriasis frequently requires long-term care. For individuals who need treatment for a long time, phototherapy provides a viable and well-tolerated choice. Phototherapy is becoming increasingly popular and widely used since many psoriasis sufferers express high levels of satisfaction with their treatments.
| Countries | Value CAGR (2023 to 2033) |
|---|---|
| India | 7.8% |
| Japan | 7.6% |
| China | 7.0% |
| United Kingdom | 4.3% |
| Australia | 4.3% |
The phototherapy lamps market revenue in India will rise at a 7.8% CAGR through 2033. The prevalence of skin disorders, including eczema, vitiligo, and psoriasis, is rising in India. Many of these illnesses respond well to phototherapy, which increases demand for phototherapy lamps.
In India, knowledge of the advantages of phototherapy for various skin problems is spreading among medical experts and the general population. The number of referrals and self-referrals for phototherapy treatments is rising as a result of this heightened awareness.
In India, the trend toward wellness and self-care is picking up steam as more individuals look for natural and holistic methods to maintain their skin's health. This trend is supported by phototherapy, which can reduce skin problems and enhance general well-being.
The phototherapy lamps market size in Japan will develop at a 7.6% CAGR through 2033. In Japan, the idea of 'shinrin-yoku' or 'forest bathing,' which emphasizes the psychological and physical advantages of being in nature, has grown in acceptance.
The adoption of phototherapy lamps resembling natural light is further boosted by the perception that they can provide comparable advantages. In the market for phototherapy lights, Japanese producers have been at the forefront of product innovation, creating small, simple-to-use, and visually beautiful products that respond to consumer tastes.
The phototherapy lamps market size in China will surge at a 7.0% CAGR through 2033. In many metropolitan regions, China is experiencing serious air pollution. Skin diseases like eczema and acne can be made worse by poor air quality, which also raises their prevalence. As a useful tool for treating skin conditions in areas with high pollution levels, phototherapy lamps are now becoming widely accepted.
Phototherapy is one of the non-traditional healthcare options that has seen a rise in popularity in China owing to the growth of online communities and influencers focused on health and wellness. These websites provide a large audience information, reviews, and suggestions, which boosts light therapy market size in the country.
The phototherapy lamps market size in the United Kingdom will surge at a 4.3% CAGR through 2033. Psoriasis and eczema, which can be treated with phototherapy, are quite common skin disorders in the United Kingdom. The need for affordable and efficient therapies fuels the country's market growth.
Active patient organizations in the United Kingdom, including the Psoriasis Association, advocate for better access to treatments like phototherapy. These groups promote and spread knowledge about phototherapy as a useful psoriasis treatment option, thereby accelerating the country’s market development.
The phototherapy lamps market size in Australia will thrive at a 4.3% CAGR through 2033. Australians are highly prone to skin cancer. The demand for phototherapy lamps is further fueled by dermatologists' frequent recommendations for the treatment of precancerous skin conditions like actinic keratosis.
Skin diseases like psoriasis and eczema can worsen due to Australia's diverse environment, which includes places that experience great heat and significant sun exposure. Phototherapy is a solid treatment option regardless of weather conditions. Australia's large and sparsely populated areas frequently lack convenient access to specialized dermatological care.
For remote patients, telehealth services and phototherapy lamps at home or neighborhood medical facilities are increasingly crucial. The trend in the dermatology lasers can significantly boost product sales in the country.
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The phototherapy lights market's competitive landscape comprises both established global players like Philips and young startups focused on innovation. Specialized businesses such as National Biological Corporation cater to specialized medical applications, whereas dermatological equipment suppliers such as Alma Lasers supply phototherapy solutions.
Regional manufacturers, particularly in Asia, tailor products to the needs of local markets. The market is distinguished by ongoing R&D efforts to improve treatment effectiveness, user-friendliness, and energy efficiency. Overall, competition encourages innovation and expands access to phototherapy treatments.
Recent Developments
The phototherapy lamps market size is USD 3,381.4 million in 2023.
The market will rise at a 6.8% CAGR through 2033.
The market will be worth USD 6,551.8 million by 2033.
LEDs are leading the phototherapy lamps market by product type.
The Indian market will rise at a 7.8% CAGR through 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product 5.1. LED 5.2. UV LIGHT 5.3. Halogen Lamps 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Psoriasis 6.2. Vitiligo 6.3. Acne 6.4. Neonatal Jaundice 6.5. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User 7.1. Hospital 7.2. Skin Care Clinics 7.3. Home Care Setting 7.4. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. General Electric Company 18.2. Koninklijke Philips N.V. 18.3. Dragerwerk AG & Co. KGaA 18.4. Natus Medical Incorporated 18.5. Bistos Co. Ltd. 18.6. Fanem Ltda. 18.7. Herbert Waldmann GmbH & Co. KG 18.8. The Daavlin Distributing Co 18.9. Schulze & Bohm GmbH 18.10. TSE spol. S R.O. 18.11. LightStim 19. Assumptions & Acronyms Used 20. Research Methodology
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Phototherapy Lamps Market
