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Industry Statistics
Light Therapy Market size was worth USD 997 million in 2022. Driven by continuous R&D initiatives to enhance treatment reliability, the industry is projected to grow at more than 6% CAGR from 2023 to 2032.
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Technological advancements in light therapy techniques are forecast to fuel market outreach. The development of light therapy for the treatment of various skin illnesses and sleep disorders has resulted in the introduction of improved solutions.
Report Coverage | Details |
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Base Year: | 2022 |
Market Size in 2022: | USD 997 Million |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 6% |
2032 Value Projection: | USD 1.5 Billion |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 150 |
Tables, Charts & Figures: | 150 |
Segments covered: | Product, Application, Light, End-use, and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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High risks of side effects may restrain industry progression
The risk of side effects is a major factor hindering the light therapy market growth. Patients with systemic lupus erythematosus and skin cancer should avoid therapy since it causes skin lesions, irritation, redness, and rashes. However, the negative effects can be minimized, and the outcome can be improved with the use of appropriate light intensity and a regulated therapy duration in combination with expanding research and innovations. Thus, ongoing R&D initiatives to enhance the results of light therapy may aid in combatting this issue.
Availability of wide range of desk lights to push floor and desk lamps segment progress
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In terms of product, the light therapy market is categorized into floor and desk lamp, light box, light visor, dawn simulator, handheld devices for skin treatment (HDST), light therapy bulbs, and others. The floor and desk lamps segment is projected to exceed USD 300 million in by 2032. The availability of a wide range of desk lamps that can produce bright light is anticipated to boost segment size. In addition, the advantages of floor and desk lamps over light boxes, such as wide-angle adjustments and brilliant light emission, are likely to promote product adoption.
Upsurge in seasonal disabilities to help white light therapy gain traction
Global Light Therapy Market Share, By End-use, 2022 (%) |
|
Segment |
Global market share (%), 2022 |
Blue light |
26.70% |
Red light |
16.90% |
White light |
45.10% |
Others |
11.30% |
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With respect to light, the light therapy market is divided into red light, blue light, white light, and others. The white light segment is speculated to progress at over 5.5% CAGR from 2023 to 2032. The use of white light in various therapies and the treatment of depression is principally responsible for the segment's expansion. White light aids patients with seasonal disabilities disorder to feel better while reducing irritability, which is set to foster the demand for white light therapy.
Positive efforts by key players to accelerate light therapy usage in homecare settings
Based on end-use, the light therapy market is classified into dermatology clinics, homecare settings, and others. The homecare settings segment was valued at over USD 595 million in 2022 on account of substantial efforts by key industry players focusing on the development of advanced light therapy devices to treat health-related conditions at home with simplified use and improved patient management.
Soaring cases of acne vulgaris among adults to define the light therapy industry landscape
In terms of application, the light therapy market is segregated into psoriasis, eczema, vitiligo, acne vulgaris, winter blues, seasonal affective disorder {SAD}, sleeping disorders, and others. The acne vulgaris segment is foreseen to surpass USD 150.5 million by 2032. Soaring incidences of acne vulgaris among adults and teenagers are bolstering segment progress. Blue light therapy is a frequently used non-invasive treatment for acne to eliminate certain bacteria on the skin. Meanwhile, red light treatment helps in deep skin repair.
Strong presence of business players to aid North America emerge as a prominent revenue pocket
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North America light therapy market held more than 34.5% business share in 2022. The region is primed to witness notable growth backed by the surging awareness regarding light therapy and technological advancements in healthcare for efficient patient care. Furthermore, the strong presence of business players, as well as diverse product offerings in the region, is poised to spur regional industry forecasts.
Strategic partnerships to strengthen the light therapy industry outlook
Aura Daylight, BioPhotas, Beurer, Carex Health Brands (Compass Health Brands Corp.), Koninklijke Philips N.V, PhotoMedex, The Daavlin Company, Verilux, Lucimed, Medisana GmbH, Lumie, Northern Light Technologies, Niraxx, and Zepter International are few participants in the market. These companies primarily engage in strategic partnerships and acquisitions to remain ahead in the competitive landscape.
Impact of COVID-19 on the light therapy market trends
The COVID-19 outbreak adversely influenced the light therapy business in 2020. However, the snowballing prevalence of various sleep disorders and seasonal affective disorder (SAD) among people has aided the industry's expansion in 2021. For instance, critically ill COVID-19 patients exposed to antimicrobial blue or ultraviolet A (UVA) light can reduce viral load. In the coming years, the development of such therapies to address the rising cases in specific areas is anticipated to enhance the market expansion.
The light therapy market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments:
By Product
- Light Box
- Floor and Desk Lamps
- Light Visor
- HDST
- Dawn Simulator
- Light Therapy Bulbs
- Others
By Application
- Psoriasis
- Vitiligo
- Eczema
- Acne Vulgaris
- Winter Blues
- Sleeping Disorders
- SAD
- Others
By Light
- Blue Light
- Red Light
- White Light
- Others
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
- Italy
- Spain
- Russia
- Others
- Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Others
- Latin America
- Brazil
- Mexico
- Argentina
- Others
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
- Others
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