India Phototherapy Equipment Market Size & Outlook
India phototherapy equipment market, 2018-2030 (US$M)
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India phototherapy equipment market highlights
- The India phototherapy equipment market generated a revenue of USD 14.7 million in 2023 and is expected to reach USD 22.7 million by 2030.
- The India market is expected to grow at a CAGR of 6.4% from 2024 to 2030.
- In terms of segment, led-based phototherapy equipment was the largest revenue generating product in 2023.
- LED-based Phototherapy Equipment is the most lucrative product segment registering the fastest growth during the forecast period.
Phototherapy equipment market data book summary
| Market revenue in 2023 | USD 14.7 million |
| Market revenue in 2030 | USD 22.7 million |
| Growth rate | 6.4% (CAGR from 2023 to 2030) |
| Largest segment | Led-based phototherapy equipment |
| Fastest growing segment | LED-based Phototherapy Equipment |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Conventional Phototherapy Equipment, LED-based Phototherapy Equipment, Fiberoptic Phototherapy Equipment |
| Key market players worldwide | Signify NV, GE HealthCare Technologies Inc Common Stock, Natus Medical, Atom Medical, Phoenix Group Holdings PLC |
Other key industry trends
- In terms of revenue, India accounted for 3.7% of the global phototherapy equipment market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China phototherapy equipment market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 36.7 million by 2030.
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Phototherapy Equipment Market Scope
Phototherapy Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 48.98% in 2023. Horizon Databook has segmented the India 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.
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Target buyers of India 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India phototherapy equipment market, including forecasts for subscribers. This country databook contains high-level insights into India phototherapy equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
India phototherapy equipment market size, by product, 2018-2030 (US$M)
India Phototherapy Equipment Market Share, 2023 & 2030 (US$M)
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