Light Therapy Market Size By Product (Light Box, Floor and Desk Lamp, 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 Light, Red Light, White Light), By End-use (Homecare Settings, Dermatology Clinics), Industry Analysis Report, Regional Outlook, Competitive Market Share & Forecast, 2021 – 2027

Published Date: Jan 2021  |  Report ID: GMI740  |  Authors: Sumant Ugalmugle, Rupali Swain

Report Format: PDF   |   Pages: 175   |   Base Year: 2020




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Light Therapy Market size valued at over USD 1 billion in 2020 and is expected to witness 5.1% CAGR from 2021 to 2027.
 

Light Therapy Market

Get more details on this report - Request Free Sample PDF
 

Rising incidence of skin-related disorder and growing awareness about personal care are the factors driving the light therapy market growth. Light therapy is used for various skin-related diseases such as psoriasis, vitiligo and eczema. Moreover, increasing preference for non-invasive treatments and increasing awareness about light therapy will also considerably contribute to the market revenue.
 

Technological advancements in the field of light therapy coupled with rising inclination towards light therapy treatment are positively impacting the industry growth. Furthermore, increasing number of product launches and continuous improvements in clinical benefit of light therapy are augmenting the market demand. For instance, in October 2020, Lumerie Skyn launched HyperGlo Skin Rejuvenation Therapy System. The company is harnessing the benefits of low-level light therapy for skin care devices, thereby fortifying their customer base.
 

Growing concern about mental health and rising demand for various depression therapies

Rising incidence of depression globally is one of the major factors fostering the light therapy market size. According to the National Institute of Mental Health, approximately more than 51 million people were living with mental illness in the U.S. in 2019. In addition, more than 264 million people were suffering from depression globally in 2020, as per the World Health Organization (WHO). Light therapy products help in seasonal affective disorder (SAD) by potentially improving the serotonin levels. Also, increasing cases of sleeping disorders are creating demand for various light therapy products. Insufficient sleep is a pervasive and permanent problem globally. Light therapy assists with circadian rhythm, thereby aiding in proper sleep.
 

Increasing number of product launches and favourable reimbursement policies

Light Therapy Market By Product

Get more details on this report - Request Free Sample PDF

Light box segment revenue was over USD 210 million in 2020 due to its growing usage and adoption. Light therapy box offers an effective treatment option for seasonal affective disorder. Features include favourable light intensity, low cost, safety, and style, that assist in driving the light therapy market demand.
 

Light boxes emit light that mimics natural outdoor light to treat seasonal affective disorder. During the light therapy, the patient needs to sit or work near light box to receive the artificial outdoor day light. Thus, light therapy box is used to treat various types of depression, sleep disorders, and other mental illnesses. In addition, light therapy has also been recommended for some COVID-19 patients.
 

Rising incidence of skin-related disorders and growing awareness about personal care

Psoriasis segment held more than 21% light therapy market share in 2020. Growing pervasiveness of various skin conditions due to allergies, faltering environment, lifestyle and other factors is creating demand for wide range of dermatological therapies.
 

Psoriasis affects people of all ages and in all countries. It is a chronic non-communicable skin disease. It can have a negative impact on patient’s emotional, psychosocial, and physical wellbeing. According to the National Psoriasis Foundation, 8 million American have psoriasis. Light therapy products lowers the inflammation and itching sensation caused in this skin condition and thus is gaining popularity.
 

Increasing use of blue light in addressing dermatological disorders

The blue light segment in the light therapy market is predicted to expand at 5.6% CAGR during the forecast period. Increasing preference for non-invasive treatment for acne that uses light to kill bacteria on the skin is impelling the market growth. Moreover, continuous improvement in use of blue light in various clinical applications will also impact the adoption of blue light therapy.
 

The demand for blue light also increased substantially in COVID-19 pandemic. According to the healthcare researchers, blue light can act as an antimicrobial against numerous microorganisms. It inactivates several viruses, including coronavirus and the common flu virus.
 

Increasing preference for light therapy in dermatology clinics

Dermatology clinics segment is poised to exhibit fastest growth rate in the light therapy market through 2026. Increasing awareness about skin care and increasing impact of social media will propel the segment growth. Also, rising preference for non-invasive treatment for skin disorders and procedures in dermatology clinics will boost the segment demand.
 

The use of light therapy in dermatology clinics is gaining traction worldwide. Number of patient visits in dermatology clinics for the treatment of acne, inflammation reduction, collagen production, and improved circulation with the use of red, white, and blue light is also increasing.
 

Presence of key players in the North American region

North America light therapy market size crossed USD 350 million in 2020 owing to technological advancements coupled with growing applications of light therapy. Moreover, presence of major market players and product availability will strengthen the regional market revenue growth.
 

Key players in the U.S. are gaining speedy approvals from the FDA for new products.  Thus, with introduction and availability of innovative products, rising awareness and favourable reimbursement policies will play crucial role for the overall growth in North America industry.
 

Major companies are continuous innovating their products to cater to the rising demand in the market

Some of the eminent players operating in the light therapy market are Beurer, Koninklijke Philips, Aura Daylight, Biophotas, Lucimed, Zepter International, Verilux, and Northern Light Technologies. The industry players are undertaking various strategic initiatives such as mergers & acquisitions, partnership, and innovative product launches to strengthen their market share.
 

The light therapy market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2016 to 2027 for the following segments:
 

Market, By Product                   

  • Light Box
  • Floor and Desk Lamps
  • Light Visor
  • HDST
  • Dawn Simulator
  • Light Therapy Bulbs
  • Others

Market, By Application

  • Psoriasis
  • Vitiligo
  • Eczema
  • Acne Vulgaris
  • Winter Blues
  • Sleeping Disorders
  • SAD
  • Others

Market, By Light Type

  • Blue light
  • Red light
  • White light
  • Others

Market, By End-use

  • Homecare settings
  • Dermatology clinics
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Russia
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • UAE
       

Frequently Asked Questions (FAQ) :

The market size of light therapy attained over USD 1 billion in 2020 and is likely to rise at a 5.1% CAGR through 2027.
The market share from the light box segment had reached USD 210 million in 2020 owing to their increasing adoption in treating seasonal affective disorder.
The psoriasis application contributed to 21% of the total market share in 2020 and will expand with the prevalence of various skin conditions on account of allergies, as well as changing environment and lifestyles.
The blue light therapy segment size is slated to rise at a 5.6% CAGR up to 2027 driven by the growing preference for non-invasive treatment methods for acne.
North America industry size was valued at USD 350 million in 2020 and will grow owing to technological advancements as well as growing applications of the technology.

Premium Report Details

  • Published Date: Jan 2021
  • Pages: 175
  • Tables: 130
  • Charts / Figures: 9
  • Companies covered: 13
  • Countries covered: 20

Get a report that explains COVID-19 impact on this market

Buy Now

Need a Discount? Get in touch with us for special pricing

Request Discount

 Connect with our sales team

Chat with us
We use cookies to enhance user experience. (Privacy Policy) X