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Premium Report Details
Base Year: 2024
Companies covered: 14
Tables & Figures: 140
Countries covered: 19
Pages: 130
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Phototherapy Equipment Market
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Phototherapy Equipment Market Size
The global phototherapy equipment market was valued at USD 654.3 million in 2024. The market is anticipated to grow from USD 702.3 million in 2025 to USD 1.2 billion in 2034, growing at a CAGR of 6.6% from 2025 to 2034. High market growth is primarily attributed to rise in the number of skin disorders, growing incidence of neonatal jaundice and technological advancement in phototherapy devices among other factors.
The growing prevalence of skin disorders such as psoriasis, eczema, vitiligo and acne is associated with an increased need for phototherapy as a non-invasive treatment. For instance, according to the data published by the National Psoriasis Foundation, there are more than 125 million people suffering from Psoriasis globally. This is due to light-based therapies being integrated into dermatology clinics and home-care settings as a result of environmental pollution, lifestyle changes, and increased stress among other contributing factors.
Further, due to inefficient functioning of the liver, a significant percentage of newborns worldwide suffer from neonatal jaundice, resulting in increased levels of bilirubin. The use of phototherapy equipment for treating this condition in hospitals and NICUs has resulted in developing healthcare infrastructures which bolster the phototherapy market.
Moreover, advancement such as wearable LED devices, LED based systems, and targeted wavelength delivery technologies are some of the recent innovations in phototherapy. These advancements make treatment more effective and safer for the patient by reducing heat emissions. Such enhancements improve the applicability of these devices among both health providers and patients.
Phototherapy equipment are the medical devices developed for treatment using particular regions of the light spectrum for light therapy, mostly for treating skin issues and jaundice in newborns. The devices emit ultraviolet (UV), blue, or red light, which can penetrate the skin and trigger various biological responses such as alleviation of inflammation, disintegration of excess bilirubin in the case of infants, etc.
Phototherapy Equipment Market Trends
Phototherapy Equipment Market Analysis
In 2021, the global market was valued at USD 536.3 million. The following year, it saw a slight increase to USD 571.5 million, and by 2023, the market further climbed to USD 610.9 million. Based on product type, the global market is segmented into LED-based, conventional, and fiberoptic. The LED-based segment accounted for the leading market share and was valued at USD 361.4 million in 2024.
Based on application, the global phototherapy equipment market is categorized into skin disease treatment, neonatal jaundice management, and other applications. The skin disease treatment segment accounted for leading share in the market and was valued at USD 324.9 million in 2024.
Based on modality, the global phototherapy equipment market is categorized into mobile, fixed, and wearable. The mobile segment held leading revenue share in the market in 2024 and is expected to reach USD 748.1 million by 2034.
Based on end use, the global phototherapy equipment market is classified into hospitals and clinics, and homecare. In 2024, the hospitals and clinics segment held highest market share and is expected to showcase significant growth over the analysis period.
The North America phototherapy equipment market accounted for leading share and was valued at USD 219.4 million in 2024. Growing incidence of neonatal jaundice, increasing prevalence of various skin conditions, and favorable government support are expected to fuel the regional market growth.
The U.S. market was valued at USD 171.7 million and USD 181.6 million in 2021 and 2022, respectively. The market size reached USD 204.6 million in 2024, growing from USD 192.5 million in 2023.
Europe phototherapy equipment market accounted for significant revenue share and was valued at USD 192.3 million in 2024 and is anticipated to show lucrative growth over the forecast period.
The UK phototherapy equipment market is expected to witness considerable growth over the analysis period.
The Asia Pacific phototherapy equipment market is anticipated to grow at the highest CAGR of 7.8% during the analysis timeframe.
China phototherapy equipment market is predicted to grow significantly over the forecast period.
Brazil is experiencing significant growth in the Latin America phototherapy equipment market and is anticipated to record robust growth throughout the forecast period.
Saudi Arabia phototherapy equipment market is poised to witness substantial growth in Middle East and Africa market during the forecast period.
Phototherapy Equipment Market Share
Key players operating in the market include GE HealthCare, natus, Neotech, PHILIPS, and Phothera among others contributes around 45% share. Changes in healthcare, patient needs, and technology are now influencing the demand for phototherapy equipment and their systems. Compact, smart-enabled phototherapy systems and other energy-efficient devices are now being offered to hospitals, neonatal intensive care units, and even dermatology clinics.
Moreover, the shift towards treatment at home is supporting the portable or wearable phototherapy device market. Both established firms and startups are enhancing research and development efforts into digital integration features such as remote monitoring and dosage tracking. Companies are increasingly partnering with more hospitals and expanding their distribution networks for greater adoption and access.
Phototherapy Equipment Market Companies
Few of the prominent players operating in the phototherapy equipment industry include:
Phototherapy Equipment Industry News
The phototherapy equipment market research report includes in-depth coverage of the industry with estimates and forecast in terms of revenue in USD Million from 2021 – 2034 for the following segments:
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Market, By Product Type
Market, By Application
Market, By Modality
Market, By End Use
The above information is provided for the following regions and countries: