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Light Therapy Market Trends

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

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Light Therapy Market Trends

Technological advancements towards development of novel light therapy are anticipated to stimulate the light therapy market growth. Advent of advanced technology has led to developments in light therapy for treatment of various skin diseases as well as sleep disorders. Use of laser technology for treating skin disorders involves high cost and some skin damage. The therapy is currently being used as an alternative to the laser system or drug treatment. Growing demand for advanced dermatology treatment such as the red light (600-950nm) and green light (532-595nm) for treatment of acne, wrinkles, facial redness, rosacea, and others will upsurge its adoption during the forthcoming years.

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.