The consistent growth of the phototherapy treatment market in the United States can be attributed to factors such as the rising incidence of skin conditions such as psoriasis and eczema.
NEWARK, Del, Nov. 08, 2023 (GLOBE NEWSWIRE) — The phototherapy treatment market is estimated to be worth US$ 1,948.90 million in 2023 and is projected to be valued at US$ 3,230.90 million by 2033. Between 2023 and 2033, the industry is expected to register a CAGR of 5.20%.
The increasing prevalence of skin ailments such as psoriasis and eczema across the globe and the advancement of phototherapy technology are expected to influence the global market for phototherapy treatment over the forecast period. The aging population is more prone to skin disorders, and this demographic trend has boosted the demand for phototherapy services. With a larger aging population, there is a higher need for phototherapy treatment options.
Request a Sample copy of this Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-na-4297
The increasing incidence of skin disorders such as psoriasis, eczema, vitiligo, and atopic dermatitis has been a significant driver. Phototherapy is a well-established and effective treatment for many of these conditions. Ongoing advancements in phototherapy technology have led to the development of more efficient and patient-friendly devices.
As awareness of the effectiveness of phototherapy as a treatment option for various skin disorders increases, more patients and healthcare providers are opting for this non-invasive treatment. The growing acceptance of phototherapy is contributing to market growth.
Increased healthcare spending by both governments and individuals has allowed for greater access to phototherapy treatments. Health insurance coverage for phototherapy services has also made the treatment more accessible to patients.
The phototherapy treatment market is expanding in emerging economies as healthcare infrastructure improves and more people seek treatment for skin disorders. The market is growing not only in developed countries but also in regions with a rising middle-class population.
Key Takeaways:
“The increasing number of people suffering from acne and psoriasis and growing technological advances in healthcare are anticipated to drive the market growth during the forecast period,” opines Sabyasachi Ghosh Associate Vice President at Future Market Insights (FMI) analyst.
Phototherapy Treatment Market Report Scope:
| Attributes | Details | |
| Estimated Market Size in 2023 | US$ 1,948.90 million | |
| Projected Market Valuation in 2033 | US$ 3,230.90 million | |
| Value-based CAGR 2023 to 2033 | 5.20 | % |
| Forecast Period | 2023 to 2033 | |
| Historical Data Available for | 2018 to 2022 | |
| Market Analysis | Value in US$ million | |
| Key Regions Covered |
| |
| Key Market Segments Covered |
| |
| Key Countries Profiled |
| |
| Key Companies Profiled |
| |
Get Ahead of the Competition in the Phototherapy Treatment Market with Our Discounted Intelligence Report: https://www.futuremarketinsights.com/checkout/4297
Competitive Landscape:
The global phototherapy treatment market depicts a fragmented competitive landscape due to numerous players in the market. The key players in the market have adopted innovative strategies like mergers, partnerships, and acquisitions to enhance their market presence and strengthen their market hold.
Phototherapy Treatment Market – Key Segments:
By Disease Type:
By Phototherapy Type:
By End User:
By Region:
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
Explore FMI’s related ongoing Coverage in the Healthcare Market Insights Domain:
Phototherapy Equipment Market Size: Global market sales were valued at around US$ 571.8 Million at the end of 2021. The market is projected to register a 5.8% CAGR and top a valuation of US$ 1109.6 Million by 2032.
Phototherapy Lamps Market Share: The global market size is poised to surpass a valuation of US$ 6,551.8 million by 2033. Phototherapy lamp manufacturers expect the market to progress at a modest CAGR of 6.8% through 2033. The current valuation for the market is US$ 3,381.4 million in 2023.
Disposable Negative Pressure Wound Therapy Devices Market Demand: Global market size is set to experience significant growth of 10.7% CAGR from 2022 to 2028, with an estimated market value of around US$ 461.3 Million in 2028.
Single Dose Radiotherapy Services Market Growth: The global market is expected to attain a valuation of US$ 7.88 billion in 2023 and is projected to reach US$ 16 billion by 2033, expanding at a CAGR of 7.3% during the forecast period.
Wound Debridement Products Market Outlook: The market is anticipated to flourish at a healthy CAGR of 5.2% between 2023 and 2033. The market is expected to hold a share of US$ 7.52 billion by 2033, while the market is likely to reach a value of US$ 4.54 billion in 2023.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
First 20 vehicles will be delivered in May to Cashflow on Wheels for FedEx routes…
The Tryst Fire Island The Tryst Fire Island is set to redefine the Fire Island…
Moderated discussion with Stephen Strickland, MD, MSCI, internationally respected leukemia researcher, Director of Leukemia Research…
Delray Beach, FL, April 21, 2025 (GLOBE NEWSWIRE) -- The report "Industry 5.0 Market by…
Warwick, RI, April 21, 2025 (GLOBE NEWSWIRE) -- With airlines adjusting schedules and cutting back…
Compound Growth at 15.72% Signals a New Phase of Application Lifecycle Management Market ExpansionMiddleton, Massachusetts,…
This website uses cookies.