Phototherapy Equipment Market Size, Share, Growth Analysis, By Type (Conventional Phototherapy Equipment, Led-Based Phototherapy Equipment), By Application (Skin Disease Treatment, Neonatal Jaundice Management), By End User (Hospitals & Clinics, Home Users), By Region - Industry Forecast 2024-2031

Geographically, North America dominated the market in the previous years and is expected to lead over the forecast period owing to the availability of superior facilities with better access to the advanced healthcare technologies like advanced phototherapy equipment. Growing cases of dermatological diseases and jaundice infants is significantly propelling the market growth in the region. Moreover, North America is a key center of research in healthcare technologies and innovations, thus impacting the deployment and speedy adoption of improved this equipment. The key players profiled in the region include Philips Healthcare, GE Healthcare, Becton, Dickinson and Company (BD), Radiance Medical Systems, Inc., Medtronic, Thermo Fisher Scientific, and more.

Asia-Pacific is the fastest-growing region in the global phototherapy equipment market due to increasing birth rates, reporting rising cases of neonatal jaundice among infants. This ultimately drives the demand for phototherapy equipment. Moreover, the speedy development and growth of healthcare services in the major nations of Asia-Pacific continue to fuel the demand for this equipment. Furthermore, the increasing incidences of dermatological diseases are also propelling the need for effective phototherapy equipment.