Light Targeted Therapies Market: By Type, By Indication, and Region Forecast 2020-2031

Light Targeted Therapies Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Photodynamic Therapy, Photoimmunotherapy, and Photothermal Therapy), By Indication (Head & Neck Cancer, Actinic Keratosis, Macular Degeneration, Polypoidal Choroidal Vasculopathy, Cervical Intraepithelial Neoplasia, Bladder Cancer, Esophageal Cancer, Gastric Cancer, Lung Cancer, Port Wine Stain, and Others), and Region Forecast 2020-2031

Report ID: 62223 | Published Date: Apr 2023 | No. of Pages: 210 | Format: Report available in PDF format Report available in Excel Format

Light Targeted Therapies Market size was valued at US$ 937.7 million in 2024 and is projected to reach US$ 1,328.3 million in 2031, growing at a 5.1% CAGR from 2025 to 2031. Light-targeted therapies, a rapidly evolving field in medicine, utilize light to activate therapeutic agents or directly target diseased cells.  The market is experiencing a surge in interest due to its minimally invasive and potentially precise approach to treating various medical conditions. The growing global aging population creates a rising need for treatments for age-related conditions like macular degeneration and arthritis. Light-targeted therapies are being explored for potential applications in treating these conditions.

The market is driven by a confluence of factors that prioritize patient outcomes, technological advancements, and a growing demand for innovative treatment options. Moreover, advancements in light source technology, including lasers and LEDs, are enabling more precise and powerful light delivery for targeted therapies. These advancements allow for deeper tissue penetration and improved treatment efficacy. The integration of image-guided technologies like ultrasound or MRI with light-targeted therapies ensures accurate targeting of treatment areas, further enhancing treatment effectiveness and safety.

light targeted therapies market

Furthermore, the development of light-sensitive nanoparticles holds immense potential for light-targeted therapies. These nanoparticles can be designed to accumulate in specific tissues and be activated by light to deliver localized drug delivery or induce cell death. However, developing and conducting clinical trials for light-targeted therapies can be expensive. These high development costs can translate to high treatment costs for patients, potentially limiting accessibility.

Key  Developments:

  • In August 2023, Australian Therapeutic Goods Administration (TGA) issued approval to Eyerising International Pty Ltd. for its myopia management device, which can be used at home with the help of red light therapy.
  • In March 2023, Australian company SYMBYX declared positive results from its trial for a light therapy helmet for patients with Parkinson’s disease.

Light Targeted Therapies Market Summary

Study Period

2025-2031

Base Year

2024

CAGR

5.1%

Largest Market

North-America

Fastest Growing Market

Asia-Pacific

Light Targeted Therapies Market Dynamics

Light-targeted therapies often offer minimally invasive procedures compared to traditional treatments like surgery. This attributes to quicker recovery times, reduced post-operative pain, and fewer potential complications for patients. The light-targeted therapies can potentially target specific diseased cells or tissues while leaving healthy tissue unharmed. This improved specificity can lead to fewer side effects and more favourable outcomes for patients.

In addition, some light-targeted therapies offer a potential advantage over traditional therapies by reducing the risk of developing resistance. This is particularly beneficial for treating chronic conditions. Moreover, the increasing prevalence of chronic diseases like cancer, diabetes, and neurodegenerative diseases is driving the demand for novel and effective treatment options. Light-targeted therapies offer a promising approach for treating these conditions. Also, the limitations associated with traditional treatments, such as surgery, chemotherapy, and radiation therapy, are propelling the search for alternative approaches. Light-targeted therapies offer a potential solution with their minimally invasive nature and improved specificity.

Light Targeted Therapies Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2025-2031

Market Size in 2024

US$ 937.7 million

Market Size in 2031

US$ 1,328.3 million

Market CAGR

5.1%

By Type

  • Photodynamic Therapy
  • Photoimmunotherapy
  • Photothermal Therapy

By Indication

  • Head & Neck Cancer
  • Actinic Keratosis
  • Macular Degeneration
  • Polypoidal Choroidal Vasculopathy
  • Cervical Intraepithelial Neoplasia
  • Bladder Cancer
  • Esophageal Cancer
  • Gastric Cancer
  • Lung Cancer
  • Port Wine Stain
  • Others

By Region

  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • MEA

Key Features of the Report

  • The light targeted therapies market  report provides granular-level information about the market size, regional market share, historic market (2020-2024), and forecast (2025-2031)
  • The report covers in-depth insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, the regulatory framework, and the reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter's Five Force Analysis

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Frequently Asked Questions

Light Targeted Therapies Market size was valued at US$ 937.7 million in 2024 and is projected to reach US$ 1,328.3 million in 2031 growing at a 5.1% CAGR from 2025 to 2031.

The Asia Pacific is the fastest-growing region

The leading players in the Light Targeted Therapies Market are Rakuten Medical, Novartis, Galderma, ADVANZ PHARMA, Biofrontera, Sun Pharma, Modulight Corporation, biolitec Pharma, Luzitin, Nanospectra Biosciences, Photoatomic, Steba biotech, and Theralase.

Content Updated Date: Aug 2025

Author image

Author

Muni Kumar Meravath

Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....

1. Executive Summary
2. Global Light-Targeted Therapies Market Introduction
2.1. Global Light Targeted Therapies Market Taxonomy
2.2. Global Light Targeted Therapies Market Definitions
2.2.1. By Type
2.2.2. By Indication
2.2.3. By Region
3. Global Light Targeted Therapies Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. R&D Trends
3.5. Pipeline Drugs
3.6. List of Developers
3.7. Clinical Developmental Status (End Points, Dose Regimen, and Others)
3.8. Disease Landscape
3.9. Global Light Targeted Therapies Market Dynamic Factors - Impact Analysis
3.10. Three Forecast Scenarios - Pessimistic, Conservative and Opportunistic
3.11. Mapping Market Players Activities
3.12. Recent Key Developments
3.13. Financial Status of the Market Players
3.14. Recent Acquisitions, Collaborations and Mergers
4. Global Light Targeted Therapies Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031
4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, US$ Million)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Light Targeted Therapies Market Forecast, By Type, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, US$ Million)
5.1. Photodynamic Therapy
5.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, US$ Million)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Photoimmunotherapy
5.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, US$ Million)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Photothermal Therapy
5.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, US$ Million)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
6. Global Light Targeted Therapies Market Forecast, By Indication, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, US$ Million)
6.1. Head and Neck Cancer
6.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, US$ Million)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Actinic Keratosis
6.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, US$ Million)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Macular Degeneration
6.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, US$ Million)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Polypoidal Choroidal Vasculopathy
6.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, US$ Million)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
6.5. Cervical Intraepithelial Neoplasia
6.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, US$ Million)
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.5.3. Market Opportunity Analysis
6.6. Bladder Cancer
6.6.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, US$ Million)
6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.6.3. Market Opportunity Analysis
6.7. Esophageal Cancer
6.7.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, US$ Million)
6.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.7.3. Market Opportunity Analysis
6.8. Gastric Cancer
6.8.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, US$ Million)
6.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.8.3. Market Opportunity Analysis
6.9. Lung Cancer
6.9.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, US$ Million)
6.9.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.9.3. Market Opportunity Analysis
6.10. Port-Wine Stain
6.10.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, US$ Million)
6.10.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.10.3. Market Opportunity Analysis
6.11. Others
6.11.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, US$ Million)
6.11.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.11.3. Market Opportunity Analysis
7. Global Light Targeted Therapies Market Forecast, By Region, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, US$ Million)
7.1. North America
7.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, US$ Million)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Europe
7.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, US$ Million)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Asia-Pacific
7.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, US$ Million)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Latin America
7.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, US$ Million)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Middle East and Africa
7.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, US$ Million)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Global Light Targeted Therapies Market - Opportunity Analysis Index, By Type, by Indication, and Region, 2025 - 2031
8. North America Light Targeted Therapies Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, US$ Million)
8.1. Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (US$ Million), Y-o-Y Growth (%) and Market Share (%)
8.1.1. Photodynamic Therapy
8.1.2. Photoimmunotherapy
8.1.3. Photothermal Therapy
8.2. Pressure Range Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (US$ Million), Y-o-Y Growth (%) and Market Share (%)
8.2.1. Head and Neck Cancer
8.2.2. Actinic Keratosis
8.2.3. Macular Degeneration
8.2.4. Polypoidal Choroidal Vasculopathy
8.2.5. Cervical Intraepithelial Neoplasia
8.2.6. Bladder Cancer
8.2.7. Barretts Esophagus
8.2.8. Gastric Cancer
8.2.9. Lung Cancer
8.2.10. Port-Wine Stain
8.2.11. Others
8.3. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (US$ Million) Y-o-Y Growth (%) and Market Share (%)
8.3.1. U.S.
8.3.2. Canada
8.4. North America Light Targeted Therapies Market - Opportunity Analysis Index, By Type, Indication, and Country, 2025 - 2031
8.5. North America Light Targeted Therapies Market Dynamics Trends
9. Europe Light Targeted Therapies Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, US$ Million)
9.1. Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (US$ Million), Y-o-Y Growth (%) and Market Share (%)
9.1.1. Photodynamic Therapy
9.1.2. Photoimmunotherapy
9.1.3. Photothermal Therapy
9.2. Pressure Range Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (US$ Million), Y-o-Y Growth (%) and Market Share (%)
9.2.1. Head and Neck Cancer
9.2.2. Actinic Keratosis
9.2.3. Macular Degeneration
9.2.4. Polypoidal Choroidal Vasculopathy
9.2.5. Cervical Intraepithelial Neoplasia
9.2.6. Bladder Cancer
9.2.7. Esophageal Cancer
9.2.8. Gastric Cancer
9.2.9. Lung Cancer
9.2.10. Port-Wine Stain
9.2.11. Others
9.3. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (US$ Million) Y-o-Y Growth (%) and Market Share (%)
9.3.1. Germany
9.3.2. UK
9.3.3. France
9.3.4. Italy
9.3.5. Spain
9.3.6. Rest of Europe
9.4. Europe Light Targeted Therapies Market - Opportunity Analysis Index, By Type, Indication, and Country, 2025 - 2031
9.5. Europe Light Targeted Therapies Market Dynamics Trends
10. Asia-Pacific Light Targeted Therapies Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, US$ Million)
10.1. Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (US$ Million), Y-o-Y Growth (%) and Market Share (%)
10.1.1. Photodynamic Therapy
10.1.2. Photoimmunotherapy
10.1.3. Photothermal Therapy
10.2. Pressure Range Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (US$ Million), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Head and Neck Cancer
10.2.2. Actinic Keratosis
10.2.3. Macular Degeneration
10.2.4. Polypoidal Choroidal Vasculopathy
10.2.5. Cervical Intraepithelial Neoplasia
10.2.6. Bladder Cancer
10.2.7. Esophageal Cancer
10.2.8. Gastric Cancer
10.2.9. Lung Cancer
10.2.10. Port-Wine Stain
10.2.11. Others
10.3. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (US$ Million) Y-o-Y Growth (%) and Market Share (%)
10.3.1. Japan
10.3.2. China
10.3.3. India
10.3.4. ASEAN
10.3.5. Rest of Asia-Pacific
10.4. Asia-Pacific Light Targeted Therapies Market - Opportunity Analysis Index, By Type, Indication, and Country, 2025 - 2031
10.5. Asia-Pacific Light Targeted Therapies Market Dynamics Trends
11. Latin America Light Targeted Therapies Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, US$ Million)
11.1. Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (US$ Million), Y-o-Y Growth (%) and Market Share (%)
11.1.1. Photodynamic Therapy
11.1.2. Photoimmunotherapy
11.1.3. Photothermal Therapy
11.2. Pressure Range Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (US$ Million), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Head and Neck Cancer
11.2.2. Actinic Keratosis
11.2.3. Macular Degeneration
11.2.4. Polypoidal Choroidal Vasculopathy
11.2.5. Cervical Intraepithelial Neoplasia
11.2.6. Bladder Cancer
11.2.7. Esophageal Cancer
11.2.8. Gastric Cancer
11.2.9. Lung Cancer
11.2.10. Port-Wine Stain
11.2.11. Others
11.3. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (US$ Million) Y-o-Y Growth (%) and Market Share (%)
11.3.1. Brazil
11.3.2. Argentina
11.3.3. Rest of Latin America
11.4. Latin America Light Targeted Therapies Market - Opportunity Analysis Index, By Type, Indication, and Country, 2025 - 2031
11.5. Latin America Light Targeted Therapies Market Dynamics Trends
12. Middle East and Africa Light Targeted Therapies Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031 (Revenue, US$ Million)
12.1. Type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (US$ Million), Y-o-Y Growth (%) and Market Share (%)
12.1.1. Photodynamic Therapy
12.1.2. Photoimmunotherapy
12.1.3. Photothermal Therapy
12.2. Pressure Range Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (US$ Million), Y-o-Y Growth (%) and Market Share (%)
12.2.1. Head and Neck Cancer
12.2.2. Actinic Keratosis
12.2.3. Macular Degeneration
12.2.4. Polypoidal Choroidal Vasculopathy
12.2.5. Cervical Intraepithelial Neoplasia
12.2.6. Bladder Cancer
12.2.7. Esophageal Cancer
12.2.8. Gastric Cancer
12.2.9. Lung Cancer
12.2.10. Port-Wine Stain
12.2.11. Others
12.3. Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Revenue (US$ Million) Y-o-Y Growth (%) and Market Share (%)
12.3.1. Saudi Arabia
12.3.2. GCC Countries
12.3.3. South Africa
12.3.4. Rest of MEA
12.4. MEA Light Targeted Therapies Market - Opportunity Analysis Index, By Type, Indication, and Country, 2025 - 2031
12.5. MEA Light Targeted Therapies Market Dynamics Trends
13. Competition Landscape
13.1. Strategic Dashboard of Top Market Players
13.2. Company Profiles (Introduction, Financial Analysis, Type Offerings, Key Developments, Strategies, and SWOT Analysis)
13.2.1. Rakuten Medical
13.2.2. Novartis
13.2.3. Galderma
13.2.4. ADVANZ PHARMA
13.2.5. Biofrontera
13.2.6. Sun Pharma
13.2.7. Modulight Corporation
13.2.8. biolitec Pharma
13.2.9. Luzitin
13.2.10. Nanospectra Biosciences
13.2.11. Photoatomic
13.2.12. Steba biotech
13.2.13. Theralase
14. Research Methodology
15. Key Assumptions and Acronyms

Key Market Players

  • Rakuten Medical
  • Novartis
  • Galderma
  • ADVANZ PHARMA
  • Biofrontera
  • Sun Pharma
  • Modulight Corporation
  • biolitec Pharma
  • Luzitin
  • Nanospectra Biosciences
  • Photoatomic
  • Steba biotech
  • Theralase

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