Global Phototherapy Equipment Market to grow with a CAGR of 5.33% through 2030
Increasing
healthcare infrastructure and a supportive regulatory environment are the major
drivers for the Global Phototherapy Equipment Market.
According
to TechSci Research report, “Phototherapy Equipment Market - Global Industry
Size, Share, Trends, Competition, Opportunity and Forecast, 2020-2030”, Global Phototherapy Equipment
Market was valued at USD 474.58 million in 2024 and is anticipated to grow with a CAGR of 5.33% in the forecast period, 2026-2030. This
can be due to collaborations and partnerships among leading companies with a
diverse approach to merge the expertise of individual companies and to
strengthen their position in the market. Environmental considerations play a
role in driving the demand for phototherapy equipment. Many modern phototherapy
devices, particularly LED-based equipment, are energy-efficient. They consume
less power while delivering high-intensity light. This reduces energy
consumption and operational costs, making phototherapy more cost-effective for
healthcare facilities and environmentally friendly. The energy-efficient and
eco-friendly nature of LED-based phototherapy equipment aligns with
sustainability goals. Reducing energy consumption and minimizing environmental
impact are crucial considerations for healthcare facilities and institutions
seeking to minimize their carbon footprint. LED lights in phototherapy devices
produce significantly less heat compared to traditional lamps, such as
fluorescent or incandescent bulbs. This feature reduces the risk of overheating
during treatment, enhances patient comfort, and minimizes the need for cooling
systems, further contributing to energy efficiency. LED bulbs have a longer
lifespan and are more durable than traditional bulbs. This longevity reduces
the frequency of replacements, thereby minimizing waste and the environmental
impact of disposing of used bulbs.
Device maintenance and calibration pose significant challenges in the Global Phototherapy Equipment Market. To ensure the effectiveness and safety of phototherapy, equipment must be properly maintained and calibrated. Regular maintenance is essential to prevent equipment malfunctions that can compromise patient treatment. Healthcare facilities must adhere to regulatory requirements and quality standards. Proper maintenance and calibration are necessary to maintain compliance and prevent potential legal and regulatory issues. Routine maintenance and calibration may require temporary equipment downtime. This can disrupt treatment schedules and impact patient access to phototherapy, potentially affecting the patient's condition. Routine maintenance and calibration can be costly, including expenses related to technician visits, replacement parts, and service contracts. These costs can strain the budgets of healthcare facilities.
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Global Phototherapy Equipment Market is segmented based on Product, Application, End-use, and by region.
Based on the Product, the LED Phototherapy Equipment category is showing the fastest growth in the phototherapy equipment market. This growth is driven by the increasing adoption of LED technology due to its numerous advantages, such as longer lifespan, energy efficiency, and the ability to deliver precise light wavelengths for effective treatment. LED phototherapy devices are widely used in the treatment of skin conditions like acne, psoriasis, and jaundice, as well as in neonatal care. Their non-invasive nature, lower heat emission, and growing preference in both clinical and home care settings are contributing to their rapid market expansion.
Based on Region, the Asia-Pacific region is showing significant growth in the phototherapy equipment market. This growth is driven by factors such as improving healthcare infrastructure, increasing awareness about the benefits of phototherapy, and rising healthcare expenditures in countries like China, India, and Japan. The growing prevalence of skin conditions, neonatal jaundice, and other medical conditions requiring phototherapy, along with a strong demand for advanced medical technologies, is fueling market expansion. Additionally, the region's large population base and increasing adoption of home-based phototherapy devices are contributing to the rapid growth of the market in Asia-Pacific.
Some of the major companies
operating in the Global Phototherapy
Equipment Market include:
- Signify
Holding
- GE
Healthcare
- Natus
Medical Incorporated
- Hebert
Waldmann GmbH & Co. KG
- Nice
Neotech Medical Systems Pvt. Ltd.
- Atom
Medical Corporation
- Phoenix
Medical Systems Pvt. Ltd.
- National
Biological Corp.
- Solarc
Systems Inc.
- The
Daavlin Company
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“Certain areas, particularly in North
America, are projected to exert significant demand for Phototherapy Equipment.
The growth in the competitive landscape and the presence of well-established
companies in the market, committed to enhance the overall wellbeing of people each
year, are expected to contribute to a remarkable growth of the Global Phototherapy
Equipment Market in the forecast period," said Mr. Karan Chechi, Research
Director of TechSci Research, a research-based Global management consulting
firm.
"Phototherapy Equipment Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product (Conventional Phototherapy Equipment, LED Phototherapy Equipment, Fiber Optic Phototherapy Equipment), By Application (Skin Diseases Treatment, Psoriasis, Vitiligo, Eczema, others), By End-use (Hospitals & Clinics, Homecare, Others), By Region & Competition 2020-2030F", has
evaluated the future growth potential of Global Phototherapy Equipment
Market and provides statistics & information on market size, structure, and
future market growth. The report intends to provide innovative market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Phototherapy
Equipment Market.
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