Phototherapy Equipment Market Revenue, Growth Trends, and Forecast 2034

Phototherapy equipment is widely used in medical settings to treat conditions such as neonatal jaundice, psoriasis, eczema, and vitiligo. These devices use specific wavelengths of light to reduce bilirubin levels in infants and manage chronic skin conditions effectively. Increasing healthcare awareness, advancements in medical technology, and growing demand for non-invasive treatment options are key factors boosting the market expansion globally.

The global phototherapy equipment market in 2026 is witnessing steady growth driven by increasing prevalence of neonatal jaundice and skin-related disorders. The global phototherapy equipment market size was valued at USD 259.9 million in 2025. The market is projected to grow from USD 274.5 million in 2026 to USD 407.0 million by 2034, exhibiting a CAGR of 5.0% during the forecast period. North America dominated the global market with a market share of 31.13% in 2025.

Market Drivers & Restraints:

The increasing incidence of neonatal jaundice is one of the primary drivers fueling the demand for phototherapy equipment. A large percentage of newborns worldwide experience some degree of jaundice, necessitating effective and timely treatment solutions. Phototherapy remains the most widely adopted treatment method, thereby supporting market growth.

Another significant driver is the rising prevalence of dermatological disorders such as psoriasis and eczema. The growing adoption of ultraviolet (UV) phototherapy devices in dermatology clinics is further contributing to market expansion. Technological advancements, including portable and home-based phototherapy devices, are also enhancing patient convenience and accessibility.

However, certain restraints may hinder market growth. High costs associated with advanced phototherapy equipment and limited access to healthcare infrastructure in developing regions can restrict adoption. Additionally, potential side effects related to prolonged exposure to UV radiation may pose challenges to market expansion.

Market Competitive Landscape:

The global phototherapy equipment market is moderately fragmented, with several established and emerging players competing to gain market share. Companies are focusing on innovation, product development, and strategic collaborations to expand their global footprint.

Key players are investing in research and development to introduce advanced and efficient phototherapy systems. The introduction of portable and user-friendly devices is becoming a major trend, enabling home-based treatments and improving patient compliance.

Top Companies In The Market:

• GE HealthCare (U.S.)

• Dräger (Germany)

• Natus Medical (U.S.)

• ATOM Medical (Japan)

• Phothera (U.S.)

• Herbert Waldmann (Germany)

• STRATA Skin Sciences (U.S.)

• Shanghai SIGMA High-tech (China)

• Xuzhou Kernel Medical (China)

• Ningbo David Medical Device (China)

Market Segments:

The phototherapy equipment market can be segmented based on product type, application, end-user, and region. By product type, the market includes conventional phototherapy equipment and LED-based phototherapy devices. LED-based devices are gaining popularity due to their energy efficiency, longer lifespan, and enhanced performance.

Based on application, the market is categorized into neonatal jaundice treatment and skin disease treatment. The neonatal segment holds a significant share due to the high incidence of jaundice among newborns. Meanwhile, the dermatology segment is expected to witness steady growth due to increasing awareness and diagnosis of skin disorders.

By end-user, the market is divided into hospitals, clinics, and home care settings. Hospitals account for the largest share due to the availability of advanced healthcare infrastructure and skilled professionals. However, the home care segment is expected to grow at a notable pace owing to the rising demand for convenient treatment options.

Explore the full research report with detailed insights and TOC: https://www.fortunebusinessinsights.com/phototherapy-equipment-market-115417 

Market Regional Insights:

North America dominated the global phototherapy equipment market in 2025, accounting for a significant share of 31.13%. The region's leadership can be attributed to advanced healthcare infrastructure, high awareness levels, and strong presence of key market players.

Europe holds a substantial market share due to increasing healthcare expenditure and rising adoption of advanced medical technologies. Countries in this region are focusing on improving neonatal care services, further boosting demand for phototherapy equipment.

The Asia Pacific region is expected to witness significant growth during the forecast period. Factors such as rising birth rates, increasing prevalence of neonatal jaundice, and improving healthcare facilities are driving market expansion in this region. Additionally, growing investments in healthcare infrastructure and government initiatives are supporting market growth.

Latin America and the Middle East & Africa are also experiencing gradual growth due to increasing awareness and improving access to healthcare services.

Future Market Scope:

The future of the phototherapy equipment market looks promising, driven by continuous technological advancements and increasing healthcare needs. The development of portable, wearable, and home-based phototherapy devices is expected to revolutionize the market.

Integration of advanced technologies such as smart monitoring systems and IoT-enabled devices will further enhance treatment efficiency and patient outcomes. Additionally, growing emphasis on early diagnosis and preventive healthcare is likely to boost demand for phototherapy solutions.

Emerging markets are expected to offer lucrative growth opportunities due to expanding healthcare infrastructure and increasing awareness. Strategic collaborations between healthcare providers and device manufacturers will also play a crucial role in shaping the future market landscape.

Recent Industry Developments:

May 2025: Mennen Medical received FDA clearance for BiliWrap. BiliWrap is the world’s first and only portable, disposable phototherapy system. The BiliWrap system treats unconjugated hyperbilirubinemia in neonates and premature babies.

April 2025: APK Technology received FDA clearance for an Ultraviolet Phototherapy Device.

Conclusion

The phototherapy equipment market is poised for steady growth, supported by increasing prevalence of neonatal and dermatological conditions, technological advancements, and rising healthcare awareness. With continuous innovation and expanding applications, the market is expected to witness sustained demand in the coming years.

As healthcare systems continue to evolve, the adoption of advanced phototherapy solutions will play a crucial role in improving patient outcomes and enhancing quality of care globally.

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