Global Phototherapy Equipment Market Size & Outlook
The phototherapy equipment industry worldwide is expected to reach a projected revenue of US$ 521.1 million by 2030. A compound annual growth rate of 4% is expected of the worldwide phototherapy equipment industry from 2024 to 2030.
Revenue, 2023 (US$M)
$396.5
Forecast, 2030 (US$M)
$521.1
CAGR, 2024 - 2030
4%
Report Coverage
Worldwide
Global phototherapy equipment market, 2018-2030 (US$M)
Related Markets
Global phototherapy equipment market highlights
- The global phototherapy equipment market generated a revenue of USD 396.5 million in 2023 and is expected to reach USD 521.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4% by 2030.
- In terms of segment, led-based phototherapy equipment accounted for a revenue of USD 193.4 million in 2023.
- LED-based Phototherapy Equipment is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 396.5 million |
| Market revenue in 2030 | USD 521.1 million |
| Growth rate | 4% (CAGR from 2023 to 2030) |
| Largest segment | Led-based phototherapy equipment |
| Fastest growing segment | LED-based Phototherapy Equipment |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Conventional Phototherapy Equipment, LED-based Phototherapy Equipment, Fiberoptic Phototherapy Equipment |
Other key industry trends
- In terms of revenue, the North America accounted for 38.7% of the global phototherapy equipment market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 157.3 million by 2030.
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Phototherapy Equipment Market Scope
Phototherapy equipment market segmentation & scope
Fluorescent Lamp
Compact Fluorescent Lamp
LED-based Phototherapy Equipment
Fiberoptic Phototherapy Equipment
Phototherapy Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global phototherapy equipment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to phototherapy equipment market will help companies and investors design strategic landscapes.
led-based phototherapy equipment was the largest segment with a revenue share of 48.78% in 2023. Horizon Databook has segmented the Global phototherapy equipment market based on conventional phototherapy equipment, led-based phototherapy equipment, fiberoptic phototherapy equipment covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Phototherapy Equipment Product Outlook (Revenue, USD Million, 2018-2030)
- Conventional Phototherapy Equipment
- Fluorescent Lamp
- Compact Fluorescent Lamp
- LED-based Phototherapy Equipment
- Fiberoptic Phototherapy Equipment
- Conventional Phototherapy Equipment
- Global Phototherapy Equipment Application Outlook (Revenue, USD Million, 2018-2030)
- Skin Disease
- Vitiligo
- Psoriasis
- Eczema
- Other Skin Diseases
- Neonatal Jaundice
- Skin Disease
- Global Phototherapy Equipment End Use Outlook (Revenue, USD Million, 2018-2030)
- Hospitals & Clinics
- Homecare
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Target buyers of Global phototherapy equipment market databook
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Our clientele includes a mix of phototherapy equipment market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global phototherapy equipment market, including forecasts for subscribers. This global databook contains high-level insights into Global phototherapy equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global phototherapy equipment market statistics, by regions, 2018-2030 (US$M)
Top 10 countries: Phototherapy equipment market size, 2023 (USD Million)
Top 10 countries: Phototherapy equipment market size, 2023 (USD Million)
Global phototherapy equipment market, by region, 2023 (US$M)
Related regional statistics
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