Phototherapy Equipment Market Size, Share, Segments and Trend Outlook

Future of Executive Summary Phototherapy Equipment Market: Size and Share Dynamics

The global phototherapy equipment market size was valued at USD 672.35 Million in 2024 and is projected to reach USD 983.58 Million by 2032, with a CAGR of 4.87% during the forecast period of 2025 to 2032. 

A DBMR team of experts and professionals from a number of streams and verticals bring along crucial tried-and-tested skills, approaches, and techniques to conduct research and analysis and deliver accurate and reliable forecasts on all global markets. The report analyzes and examines the important industry trends, market size, market share estimates, and sales volume with which businesses can guess the strategies to increase their return on investment (ROI). This Phototherapy Equipment Market report is spread across several pages and provides the most recent industry data and market future trends, allowing identification of the products and end users driving revenue growth and profitability.

By taking into consideration strategic profiling of key players in the Phototherapy Equipment Market industry, comprehensively analyzing their core competencies, and their strategies, such as new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions, the report helps businesses improve their strategies to sell goods and services. As per the predictions cited in this report, the market will grow with a specific CAGR value in the forecast period of 2020 to 2026. The Phototherapy Equipment Market report contains market insights and analysis for Phototherapy Equipment Market industry, which are backed up by SWOT analysis.

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Phototherapy Equipment Market Environment

Segments

- Based on product type, the market is segmented into conventional phototherapy equipment and LED phototherapy equipment. The LED phototherapy equipment segment is expected to witness significant growth due to its advantages such as lower heat emission, longer lifespan, and higher energy efficiency compared to conventional phototherapy equipment.

- On the basis of application, the market is divided into neonatal jaundice, skin disease treatment, and others. The neonatal jaundice segment dominates the market as phototherapy is widely used for treating jaundice in newborn babies, reducing the levels of bilirubin in their blood effectively.

- By end-user, the market is categorized into hospitals, clinics, and homecare settings. The hospitals segment holds the largest market share as hospitals are the primary facilities where phototherapy equipment is extensively utilized for treating various medical conditions.

Market Players

- GE Healthcare
- Philips Lighting Holding B.V.
- Natus Medical Incorporated
- Phoenix Medical Systems Pvt. Ltd.
- Drägerwerk AG
- Atom Medical Corporation
- Nice Neotech Medical Systems Pvt. Ltd.
- United Metal Fabricators
- National Biological Corporation

The global phototherapy equipment market is witnessing significant growth due to the increasing prevalence of neonatal jaundice and skin diseases worldwide. Technological advancements in phototherapy equipment, coupled with rising awareness about the benefits of phototherapy for treating various medical conditions, are driving the market's expansion. North America holds a significant market share due to the presence of key market players, advanced healthcare infrastructure, and high healthcare expenditure in the region. The Asia Pacific region is expected to witness substantial growth due to the rising incidence of neonatal jaundice and skin diseases, coupled with improving healthcare facilities in countries like China and India.

Overall, the global phototherapy equipment market is expected to continue growing at a steady pace, driven by increasing adoption of LED phototherapy equipment, rising prevalence of neonatal jaundice and skin diseases, and expanding applications in homecare settings. Key market players are focusing on strategic collaborations, product launches, and acquisitions to strengthen their market presence and gain a competitive edge in the global market landscape.

DDDDDThe global phototherapy equipment market is poised for substantial growth driven by several key factors. One such factor is the growing trend towards LED phototherapy equipment, which offers superior benefits in terms of lower heat emission, longer lifespan, and higher energy efficiency compared to conventional options. This shift towards LED technology is not only enhancing treatment outcomes but also driving market growth as healthcare facilities seek more efficient and effective solutions. Additionally, the increasing prevalence of neonatal jaundice and skin diseases worldwide is further fueling the demand for phototherapy equipment, particularly in the neonatal jaundice segment, where phototherapy has proven to be an effective treatment for reducing bilirubin levels in newborns.

Moreover, the segmentation of the market based on end-users highlights the significant role of hospitals in driving market growth. Hospitals stand as the primary facilities where phototherapy equipment is extensively utilized for treating various medical conditions, further emphasizing the importance of this segment in the market landscape. This dominance of hospitals is not surprising considering the advanced healthcare infrastructure present in these facilities, allowing for the effective delivery of phototherapy treatments to a wide range of patients.

Furthermore, the competitive landscape of the global phototherapy equipment market is characterized by key players such as GE Healthcare, Philips Lighting Holding B.V., and Natus Medical Incorporated, among others. These market players are actively engaged in strategic initiatives such as collaborations, product launches, and acquisitions to strengthen their market presence and gain a competitive edge. By focusing on innovation and expanding their product offerings, these companies are well-positioned to capitalize on the opportunities presented by the growing demand for phototherapy equipment.

In conclusion, the global phototherapy equipment market is set to continue its growth trajectory, driven by factors such as the increasing adoption of LED technology, rising prevalence of neonatal jaundice and skin diseases, and expanding applications in homecare settings. With regions like North America leading the market due to advanced healthcare infrastructure and key market players, the Asia Pacific region is also poised for substantial growth fueled by the rising incidence of neonatal jaundice and skin diseases. Overall, the market dynamics are conducive to sustained growth, offering opportunities for market players to innovate, collaborate, and capitalize on the evolving healthcare landscape.The global phototherapy equipment market is currently experiencing significant growth driven by various factors that are shaping the market landscape. One key driver is the increasing preference for LED phototherapy equipment over conventional options due to its superior benefits such as lower heat emission, longer lifespan, and higher energy efficiency. This shift towards LED technology is not only revolutionizing treatment outcomes but is also propelling market growth as healthcare facilities seek more advanced and efficient solutions for various medical conditions, especially neonatal jaundice and skin diseases. The neonatal jaundice segment, in particular, is witnessing substantial demand as phototherapy has been proven effective in reducing bilirubin levels in newborns, further boosting the market growth trajectory.

Moreover, the segmentation of the market based on end-users reveals the significant role hospitals play in driving market expansion. Hospitals serve as primary facilities where phototherapy equipment is extensively utilized for treating a wide range of medical conditions, underscoring the importance of this segment in the market dynamics. The dominance of hospitals is expected given the advanced healthcare infrastructure available in these facilities, enabling the effective delivery of phototherapy treatments to patients.

Furthermore, the competitive landscape of the global phototherapy equipment market is characterized by key players such as GE Healthcare, Philips Lighting Holding B.V., and Natus Medical Incorporated, among others, who are actively engaging in strategic initiatives to enhance their market presence. These market players are focused on collaborations, product launches, and acquisitions to strengthen their foothold and gain a competitive advantage in the evolving market scenario. By prioritizing innovation and expanding their product portfolios, these companies are well-positioned to capitalize on the growing demand for phototherapy equipment.

In summary, the global phototherapy equipment market is poised for continued growth driven by factors like the increasing adoption of LED technology, rising prevalence of neonatal jaundice and skin diseases, and expanding applications in homecare settings. While regions like North America lead the market due to advanced healthcare infrastructure and the presence of key market players, the Asia Pacific region is also expected to witness substantial growth fueled by the escalating incidence of neonatal jaundice and skin diseases. Overall, the market dynamics present opportunities for market players to innovate, collaborate, and capitalize on the evolving healthcare landscape for sustained growth and advancement in the phototherapy equipment sector.

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Forecast, Segmentation & Competitive Analysis Questions for Phototherapy Equipment Market

• What’s the estimated market worth of Phototherapy Equipment Market globally?
• How is Phototherapy Equipment Market growth distributed across regions?
• Which segment generates the highest revenue  for Phototherapy Equipment Market?
• What companies are discussed in the strategic landscape for Phototherapy Equipment Market?
• Which countries are experiencing rapid adoption in Phototherapy Equipment Market?
• Who are the globally recognized competitors in Phototherapy Equipment Market?

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