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Light Therapy Market Size

  • Report ID: GMI740
  • Published Date: Apr 2023
  • Report Format: PDF

Light Therapy Market Size

Light Therapy Market size was valued at more than USD 997 million in 2022 and will progress tremendously to reach over USD 1.5 billion by 2032 at 6.3% CAGR. Rising number of patients with dermatological disorders and seasonal affective disorders will drive industry demand.

 

 

Light therapy, also referred as phototherapy, refers to exposure to daylight or any equivalent form of light to treat several diseases including skin and mood disorders. The LED light therapy can be effective for wound healing and other types of skin damages. The scope of report includes various light-based devices that are intended to treat desired health conditions. Rising incidence of skin-related disease and growing awareness about personal care are the factors driving the market growth. Light therapy is used to treat skin conditions such as psoriasis, vitiligo, and eczema.

Light therapy involves the use of specific wavelengths of light to treat a variety of medical conditions. Globally, increasing patient preference for non-invasive procedures will boost the market size. Non-invasive light therapies are now highly preferred by many medical facilities due to their benefits such as reduced pain and better patient care. Furthermore, red light therapy is widely used in the treatment of inflammation, arthritis, joint pain, and bone injuries. This therapy is a drug-free natural treatment with few risks and side effects that has many applications in orthopaedic conditions.
 

 

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Global market size for light therapy was valued at USD 997 million in 2022 and is set to progress at more than 6% CAGR over the next 10 years owing to favorable reimbursement scenarios, especially in developed economies.

Acne vulgaris segment is foreseen to surpass USD 150.5 million by the end of 2032 due to soaring incidences of acne vulgaris among adults and teenagers and increasing awareness regarding light treatment.

Floor and desk lamps segment is projected to exceed USD 300 million by 2032 as a result of the advantages of floor and desk lamps over light boxes such as wide-angle adjustments and brilliant light emission.

North America light therapy market held more than 34.5% business share in 2022 on account of technological advancements in healthcare for economical patient care and surging awareness regarding light therapy in the region.

Light Therapy Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 14
  • Tables & Figures: 150
  • Countries covered: 18
  • Pages: 150
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