Phototherapy System Market - Global Trend and Outlook to 2030

“According to HTF Market Intelligence, the Global Phototherapy System market is expected to see a growth of 4.66% and may reach market size of USD791.6 Million by 2030, currently valued at USD602.48 Million.”

Phototherapy system refers to a medical treatment method that uses light, specifically ultraviolet (UV) or visible light, to treat certain conditions. It is commonly used in dermatology for treating various skin conditions, such as psoriasis, eczema, vitiligo, and jaundice in newborn babies. The phototherapy system typically consists of a light source that emits the specific type of light needed for treatment. UVB Phototherapy system emits narrowband ultraviolet B (UVB) light, which is effective in treating skin conditions like psoriasis and eczema. It involves exposing the affected skin to UVB light for a specific duration under medical supervision. UVA phototherapy involves the use of long-wave ultraviolet A (UVA) light in combination with a photosensitizing medication called psoralen. This combination is known as PUVA therapy and is used for treating conditions like psoriasis, vitiligo, and certain types of eczema. The competitive landscape of the phototherapy system market involves various companies that manufacture and distribute phototherapy devices and related products. Philips is a prominent player in the phototherapy system market, offering a wide range of UVB and UVA phototherapy devices for the treatment of various skin conditions. Their products include handheld devices, light panels, and full-body cabinets. National Biological Corporation specializes in phototherapy systems for dermatology and neonatal applications. They offer UVB and UVA devices, as well as combination systems like PUVA therapy units. Their products cater to both clinical and home-based treatments. The competitive landscape is characterized by ongoing research and development efforts to introduce advanced technologies, such as narrowband UVB, LED-based systems, and smart features. Companies strive to differentiate their products through innovation, product quality, safety features, ease of use, and customer support. Well-established, as well as emerging players, should take a closer view of their existing organizations and reinvent traditional business and operating models to adapt to the future.