Light Therapy Market Size By Product (Light Box, Floor & Desk Lamps, Light Visor, Handheld Devices For Skin Treatment [HDST], Dawn Simulator, Light Therapy Bulbs), By Application (Psoriasis, Vitiligo, Eczema, Acne vulgaris, Winter Blues, Sleeping Disorders, Seasonal Affective Disorder [SAD]), By Light Type (Blue, Red, White), By End-use (Home care settings, Dermatology clinics) Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2019 – 2025

Published Date: Jun 2019  |  Report ID: GMI740  |  Authors: Sumant Ugalmugle

Report Format: PDF   |   Pages: 175   |   Base Year: 2018

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Light Therapy Market size was valued at USD 811.8 million in 2018 and is expected to witness 4.6% CAGR from 2019 to 2025.

U.S. Light Therapy Market, By Product, 2018 & 2025 (USD Million)  

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Growing burden of dermatological disorders such as wrinkles, acne vulgaris and psoriasis in developed as well as developing countries will drive light therapy market during the forecast period. Extensive use of broad band (UVB) and narrow band ultraviolet (UVB) phototherapy for treating skin disorders will propel industry growth. Moreover, rising adoption of handheld devices and light boxes to treat specific skin disorders will accelerate the demand for light therapy devices. Benefits offered by light therapy such as improved blood circulation and cellular rejuvenation should further accelerate light therapy business growth.

Favourable reimbursement scenario in the developed economies will further enhance light therapy industry growth. Reimbursement policies for cancer, psoriasis, neonatal jaundice and eczema in developed countries will increase the demand for light therapy. Furthermore, rising R&D investments by industry players for developing technologically advanced light therapy devices will significantly upsurge revenue size during the analysis timeline. Various insurance policies offering easy, accessible and affordable light therapies will propel business growth. However, side effects of light therapy including nausea and headache may impede light therapy business growth over the coming years.

Light Therapy Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: 811.8 Million (USD)
Historical Data for: 2014 to 2018 Forecast Period: 2019 to 2025
Forecast Period 2019 to 2025 CAGR: 4.6% 2025 Value Projection: 1 Billion (USD)
Pages: 175 Tables, Charts & Figures: 269
Geographies covered (19): U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Japan, China, India, Australia, South Korea, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE
Segments covered: Product, End-use and Region
Companies covered (14): Aura Daylight, Beurer, BioPhotas, Chal-Tec, Koninklijke Philips, Lucimed, Lumie, Northern Light Technology, Nature Bright, Neutrogena, Photomedex, Sphere Gadget Technologies, Verilux, Zepter International
Growth Drivers:
  • Growing patient preference towards noninvasive procedures
  • Favourable reimbursement scenario in developed economies
  • Technological advancement in light therapy
  • Rising adoption of blue light therapy for skin diseases
Pitfalls & Challenges:
  • Risk of side effects
  • Lack of awareness in underdeveloped economies

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Light Therapy Market, By Product

Handheld devices for skin treatment (HDST) segment held over 16.5% revenue share in 2018 and is projected to grow significantly by 2025. Ability of handheld devices to avoid cell disruption during light therapy device placement will upsurge its adoption in noninvasive interventions. Wide adoption of handheld devices in homecare settings will thus spur segment size.

Light visor segment is projected to witness robust CAGR of more than 4% over the forthcoming years. Adoption of portable lightening units such as light visors for effective patient management will accelerate segment growth over the coming years.

Light Therapy Market, By Application

Sleeping disorder segment was valued over USD 110 million in 2018 and is estimated to witness similar trend during the forecast period. Rising prevalence of sleep disorders such as depression, insomnia and jet lag will boost the segment growth. Growing demand for light therapy for patients suffering from circadian rhythm will upsurge its adoption in the foreseeable future.

Psoriasis segment held considerable revenue share in 2018 and is anticipated to witness around 4.4% CAGR over the analysis period. Segment growth is attributed to increasing prevalence of psoriasis worldwide. Psoriasis patients that are highly susceptible to chronic, inflammatory arthritis resulting in joint deformations will thus augment business growth.

Light Therapy Market, By Light Type

Blue light segment accounted for more than 26% revenue share in 2018 and will exhibit substantial growth over the coming years. Extensive adoption of blue light in the treatment of sun damage as well as premalignant or malignant skin cancer should propel segment growth.

Red light segment is anticipated to witness around 4.5% CAGR over the forthcoming years. Wide application of red-light therapy in the treatment of orthopedic conditions such as joint pain, inflammation and arthritis will surge its adoption over the coming years.

Germany Light Therapy Market Size, By Light Type, 2018 (USD Million)

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Light Therapy Market, By End-use

Dermatology clinics held more than 26% revenue share in 2018 and will exhibit momentous growth over the forecast timeline. Rising incidence of skin disorders coupled with increasing demand for non-invasive procedures will foster segment growth during the forthcoming years.

Homecare settings segment was valued around USD 495 million in 2018 due to increasing patient preference towards homecare. Benefits offered by homecare settings such as quality treatment at affordable prices and reduced risk of dermatological clinics acquired infections will fuel the business growth.

Light Therapy Market, By Region

North America light therapy market will witness over 4% CAGR over the analysis timeline. Rising prevalence of skin disorders including eczema and skin cancer in North America is key factor driving light therapy business growth. Strong foothold of key industry players in the region will positively impact industry growth.

Asia Pacific light therapy market was valued more than USD 175 million revenue in 2018. Urbanization, changing lifestyle and increasing prevalence of depression and hypertension in the region will favor regional business growth. Increasing healthcare reforms in countries such as China will further drive Asia Pacific light therapy industry growth in the coming years.

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Competitive Market Share

Some of the eminent industry players operating in light therapy market include Beurer, Northern Light Technology, Koninklijke Philips, Aura Daylight, Lumie, BioPhotas, Chal-Tec, Sphere Gadget Technologies, Lucimed, Nature Bright, Neutrogena, Zepter International, Photomedex and Verilux. These business players implement various strategies such as partnership, acquisition and novel product launch to capitalize on market opportunities and sustain market competition. For instance, in January 2018, BioPhotas commercially introduced Celluma HOME, a fourth model in the Celluma Series of light therapy devices, for treatment of arthritis, muscle spasms, muscle & joint pain, full face wrinkles as well as poor blood circulation. This product launch helped company to enhance its light therapy product portfolio and gain more market share.

Light Therapy Industry Background

History of light therapy can be dated back in 1903, when Niels Ryberg Finsen, developed a device that produced synthesized light and was awarded Nobel Prize in Medicine for the discovery. In 1938, a hospital in Massachusetts performed effective testing on patients with coloured lights, revealing that red light had a stimulating effect whereas blue had a soothing effect. Later, Vanessa Cisneros at the Healing Elephant Clinic in 2016, studied light and sound therapy that can transform the mind and deeply heal the body. Light therapy is now considered as the standard of care for the treatment of various diseases by most of the healthcare professionals. Focus of business players on development of advanced technologies have led to introduction of various light therapy devices over the recent years. Increasing adoption of non-invasive interventions as well as potential of light therapy to treat skin cancer and other skin diseases will eventually enhance light therapy business growth during the forthcoming years.

Frequently Asked Questions (FAQ) :

The deployment of blue light therapy to cure malignant or premalignant skin cancer coupled with its growing popularity in sun damage treatment will push its demand. As per a study by GMI, the segment procured 26% of the revenue in 2018.
HDST stands for handheld devices for skin treatment. The approach has gained widespread popularity in homecare settings and non-invasive procedures. As per the study, the segment procured 16.5% of the global share in 2018.
North America market for light therapy is poised to witness a y-o-y growth rate of 4% over 2018-2024. Rising prevalence of skin cancer along with the presence of renowned industry players will favor the regional trends.

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