Global Phototherapy Equipment Market Size & Outlook
Global phototherapy equipment market, 2018-2030 (US$M)
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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 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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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 size, by regions, 2018-2030 (US$M)
Top 10 countries: Phototherapy equipment market size, 2023 (US$M)
Global phototherapy equipment market share, by product, 2023 & 2030 (%, US$M)
Phototherapy equipment market: Opportunity assessment by country
Global phototherapy equipment market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 134.0 | 137.5 | 141.1 | 144.9 | 149.0 | 153.3 | 157.7 | 162.4 | 167.3 | 172.5 | 177.9 | 183.6 | 189.6 | 3.1% |
| Europe | 95.2 | 98.2 | 101.3 | 104.5 | 108.0 | 111.7 | 115.6 | 119.7 | 124.0 | 128.5 | 133.3 | 138.3 | 143.6 | 3.7% |
| Asia Pacific | 69.4 | 73.0 | 76.9 | 80.9 | 85.3 | 89.9 | 94.8 | 100.0 | 105.5 | 111.4 | 117.7 | 124.3 | 131.4 | 5.6% |
| Latin America | 19.8 | 20.6 | 21.4 | 22.3 | 23.3 | 24.3 | 25.4 | 26.5 | 27.7 | 29.0 | 30.3 | 31.8 | 33.3 | 4.6% |
| MEA | 14.3 | 14.9 | 15.4 | 16.0 | 16.7 | 17.4 | 18.1 | 18.8 | 19.6 | 20.4 | 21.3 | 22.3 | 23.3 | 4.3% |
| Overall | 332.7 | 344.1 | 356.1 | 368.8 | 382.3 | 396.5 | 411.6 | 427.4 | 444.1 | 461.8 | 480.5 | 500.2 | 521.1 | 4.0% |
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