Phototherapy Treatment Market to Surpass $2.5B by 2030: Path to Effective Healthcare Solutions
The global phototherapy treatment market is expected to reach US$ 2,560.1 million by 2030, with an annual growth rate of more than 4.5%, thriving on the back of the increasing trend of phototherapy in medical applications.
According to RationalStat’s most recent industry analysis, the Global Phototherapy Treatment Market value is estimated at US$ 1,882.4 million in 2023 and is expected to rise at a strong CAGR of over 4.5% over the forecast period of 2023-2030.
Market Definition, Market Scope, and Report
Phototherapy, often known as light therapy, is a medical treatment that employs the use of certain wavelengths of light to treat a variety of illnesses. It is often used to treat skin conditions such as psoriasis, eczema, and vitiligo, as well as certain types of infant jaundice. For therapeutic purposes, the skin is exposed to ultraviolet (UV) radiation or certain wavelengths of visible light.
Phototherapy is a non-invasive treatment option, it is a popular choice for people looking for alternatives to systemic drugs or invasive surgeries. Light therapy technology improvements have resulted in the development of more targeted and efficient phototherapy equipment, improving treatment outcomes.
According to a deep-dive market assessment by RationalStat, the global phototherapy treatment market has been analyzed on the basis of market segments, including type, phototherapy type, application, end-user, and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
Market intelligence for the global phototherapy treatment market covers market sizes on the basis of market value (US$/EUR Million), by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
In addition, the long-term sector and products/services 10-year outlook and its implications on the global phototherapy treatment market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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Global Phototherapy Treatment Market: Segmental and Market Share Analysis
On the basis of phototherapy type, the blue light therapy segment dominated the market for psoriasis and acne and it is expected to be the most lucrative segment over the forecast period.
On the basis of type, the acne segment is anticipated to dominate the market with 60% of the total market share.
Report Synopsis
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Report Metrics |
Details |
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Base Year |
2023 |
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Forecast Period |
2023-2030 |
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Base Year Market Size |
US$ 1,882.4 million |
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Market Size Forecast |
US$ 2,560.1 million |
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Growth Rate |
4.5% |
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Dominant Segment |
Acne |
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Dominant Region |
North America |
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Key Market Drivers |
· Rising incidence of skin disorders · Awareness of the benefits of phototherapy |
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Companies Profiled |
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RationalStat segmentation of the phototherapy treatment market based on type, phototherapy type, application, end-user, and region
Global Phototherapy Treatment Market Value (US$ Million), Volume (Thousand Units), and Market Share (2019-2030) Analysis by Type
o Psoriasis
o Acne
Global Phototherapy Treatment Market Value (US$ Million), Volume (Thousand Units), and Market Share (2019-2030) Analysis by Phototherapy Type
o Blue Light Phototherapy
o Red Light Phototherapy
o Intense Pulsed Light Phototherapy
o Narrowband UVB Phototherapy
o Psoralens + Ultraviolet Light A Phototherapy
Global Phototherapy Treatment Market Value (US$ Million), Volume (Thousand Units), and Market Share (2019-2030) Analysis by Application
o Skin Disease Treatment
o Neonatal Jaundice Management
Global Phototherapy Treatment Market Value (US$ Million), Volume (Thousand Units), and Market Share (2019-2030) Analysis by End User
o Hospitals
o Dermatology Clinics
o Wellness Centers
o Home Care Settings
Global Phototherapy Treatment Market Value (US$ Million), Volume (Thousand Units), and Market Share (2019-2030) Analysis by Region
o North America Phototherapy Treatment Market Value (US$ Million), Volume (Thousand Units), and Market Share (2019-2030) Analysis by Country
§ US
§ Canada
o Latin America Phototherapy Treatment Market Value (US$ Million), Volume (Thousand Units), and Market Share (2019-2030) Analysis by Country
§ Brazil
§ Mexico
§ Rest of Latin America
o Western Europe Phototherapy Treatment Market Value (US$ Million), Volume (Thousand Units), and Market Share (2019-2030) Analysis by Country
§ Germany
§ UK
§ France
§ Spain
§ Italy
§ Benelux
§ Nordic
§ Rest of Western Europe
o Eastern Europe Phototherapy Treatment Market Value (US$ Million), Volume (Thousand Units), and Market Share (2019-2030) Analysis by Country
§ Russia
§ Poland
§ Hungary
§ Other CIS Countries
§ Rest of Eastern Europe
o Asia Pacific Phototherapy Treatment Market Value (US$ Million), Volume (Thousand Units), and Market Share (2019-2030) Analysis by Country
§ China
§ Japan
§ India
§ South Korea
§ Australia
§ ASEAN
· Indonesia
· Thailand
· Philippines
· Vietnam
· Malaysia
· Rest of ASEAN
§ Rest of Asia Pacific
o Middle East & Africa Phototherapy Treatment Market Value (US$ Million), Volume (Thousand Units), and Market Share (2019-2030) Analysis by Country
§ GCC
· Saudi Arabia (KSA)
· United Arab Emirates (UAE)
· Rest of the GCC
§ South Africa
§ Nigeria
§ Turkey
§ Rest of the Middle East & Africa
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