Top Phototherapy Equipment Companies

Phototherapy Equipment Market size was valued at USD 418.1 Million in 2024 and is poised to grow from USD 437.75 Million in 2025 to USD 632.12 Million by 2033, growing at a CAGR of 4.7% during the forecast period (2026–2033).

The global phototherapy equipment market is a highly competitive global market driven by many international competitors. Prominent corporations with cutting-edge AI and ML technology are Google, IBM, Microsoft, and NVIDIA. To support a wide range of applications across industries, these industry experts concentrate on creating cutting-edge algorithms, scalable platforms, and reliable infrastructure. Rapid advances in technology, strategic alliances, and large expenditures on research and development define the competitive environment. 'GE Healthcare (US) ', 'Philips Lighting Holding B.V. (Netherlands) ', 'Phoenix Medical Systems Pvt. Ltd. (India) ', 'Herbert Waldmann GmbH & Co. Kg (Germany) ', 'Atom Medical Corporation (Japan) ', 'Nice Neotech Medical Systems Pvt. Ltd. (India) ', 'The Daavlin Company (US) ', 'Ambu A/S (Denmark) ', 'Teleflex Incorporated (US) ', 'KARL STORZ SE & Co. KG (Germany) ', 'Boston Scientific (US) ', 'Alcon Inc. (Switzerland) ', 'KLS Martin Group (Germany) ', 'Syneron Candela (US) ', 'Sunlight Medical (Israel) ', 'Bausch Health Companies Inc. (Canada) ', 'Cynosure, Inc. (US) ', 'Energist Group (UK) ', 'InMode Ltd. (Israel) ', 'Sientra, Inc. (US)'

Diseases like eczema, psoriasis, vitiligo, and more are growing common, increasing the demand for phototherapy solutions. The rising cases of these skin-associated conditions along with high efficiency of phototherapy in handling different symptoms are fueling the market growth. Rising awareness regarding treating skin ailments is fueling the deployment rates of these equipment.

Improved Light Sources: LED technology has gained popularity owing to its durability, energy efficiency, and ability to generate certain light wavelengths. Recent improvements have emphasized enhancing LED arrays for diverse therapeutic uses like mood disorders, neonatal jaundice, and dermatological diseases. Phototherapy equipment is also actively integrating narrow-band and broad-spectrum UV sources of light for treating eczema and psoriasis and different dermatological treatments.

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.