The global light therapy market size was USD 1.10 Billion in 2021 and is expected to register a revenue CAGR of 5.1% during the forecast period, according to the latest analysis by Emergen Research. Technological advancements in light therapy and launch of innovative products, such as handheld light therapy devices, are factors projected to support market revenue growth between 2021 and 2030. For example, Body Balance System, a Las Vegas-based company makes zero-gravity beds filled with small red lights or diodes due to its health and skin benefits such as fat loss, pain relief, muscle recovery after a workout, and others. In addition, researchers in Brazil have been studying about effects of low-level laser therapy on thyroid gland and found that patients who received therapy were able to reduce their levothyroxine dose, while 47% were able to discontinue levothyroxine and have normal thyroid function during the nine-month follow-up.
However, risks and side effects associated with light therapy procedures are expected to hamper market revenue growth. Light therapy is not best suited to all individuals and can cause side effects including sunburn and skin tenderness, photosensitive skin eruptions, skin cancer, and premature skin aging, among others.
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The Global Light Therapy Market research study is an extensive collection of insightful information about the Light Therapy industry. The report covers the Light Therapy Market segmentation along with a detailed outline of the Light Therapy market size with regards to volume and valuation. The report provides comprehensive coverage of the Light Therapy market scenario for the current period and forecast timeline of 2022-2030. The Light Therapy market report contains an in-depth analysis of the historical, current, and projected revenues for every industry vertical, segment, end-use industries, applications, and regions.
The leading market contenders listed in the report are as follows:
Koninklijke Philips N.V., Chal-Tec GmbH, Alexion Pharmaceuticals, Inc., Lucimed, Soligenix, Lumos, Gleam, Northern Light Technologies, Zepter International, SPHERE Technology Solutions, Photomedex.com, Lumie, and Joovv, Inc.
Some Key Highlights From the Report
The psoriasis segment is expected to register a steady revenue CAGR during the forecast period. Psoriasis causes scaling patches on skin surface, which has no cure, so managing symptoms is of utmost importance. Exposure to UV rays and blue light therapy are often used for the treatment of psoriasis.
The Handheld Skin Treatment Devices (HSTDs) segment is expected to register a rapid revenue CAGR due to increasing skin disorders. HSTDs are portable, available in all sizes and various designs and used to treat multiple areas of body including spot treatment wands, slim panels, and others. According to the American Academy of Dermatology Association, acne affects over 50 million people living in the U.S. annually. To tackle this problem, various companies are launching innovative products to suit users’ skin conditions, such as Solowave, red and blue mini handheld light therapy wands, that can treat acne and acne scars in just three minutes.
The Asia Pacific market is expected to register fastest revenue growth rate during the forecast period. Rising demand for light therapy for treating acne vulgaris and psoriasis are factors expected to drive market revenue growth. In addition, increasing awareness about personal health and wellness is expected to drive market revenue growth.
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Light Therapy Market Segmentation by Regions:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Emergen Research has segmented the global light therapy market based on product, light type, application, end-use, and region:
Product Outlook (Revenue, USD Billion; 2019–2030)
Light Visor
Light Box
Floor and Desk Lamp
Dawn Simulator
Bulbs
Handheld Skin Treatment Devices (HSTDs)
Others
Light Type Outlook (Revenue, USD Billion; 2019–2030)
Blue
White
Red
Others
Application Outlook (Revenue, USD Billion; 2019–2030)
Acne Vulgaris
Sleeping Disorders
Eczema
Psoriasis
Winter Blues
Vitiligo
Others
End-use Outlook (Revenue, USD Billion; 2019–2030)
Dermatology Clinics
Homecare Settings
Others
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What Questions Should You Ask before Buying a Market Research Report?
How is the Light Therapy market evolving?
What is driving and restraining the Light Therapy market?
How will each Light Therapy submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2030?
How will the market shares for each Light Therapy submarket develop from 2022 to 2030?
What will be the main driver for the overall market from 2022 to 2030?
Will leading Light Therapy markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
How will the market shares of the national markets change by 2030 and which geographical region will lead the market in 2030?
Who are the leading players and what are their prospects over the forecast period?
What are the Light Therapy projects for these leading companies?
How will the industry evolve during the period between 2020 and 2030? What are the implications of Light Therapy projects taking place now and over the next 10 years?
Is there a greater need for product commercialization to further scale the Light Therapy market?
Where is the Light Therapy market heading and how can you ensure you are at the forefront of the market?
What are the best investment options for new product and service lines?
What are the key prospects for moving companies into a new growth path and C-suite?
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