Light Therapy Market By Product (Light Box, Floor and Desk Lamps, Light Visor, Handheld Devices for Skin Treatment (HDST), Others), By Application (Skin conditions, Mood and sleep conditions, Others), By Light Type (Blue light, Red light, White light, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global light therapy market was valued at $521.09 million in 2021, and is projected to reach $802.74 million by 2031, registering a CAGR of 4.4% from 2022 to 2031.
Light therapy is also called as heliotherapy. This therapy involves use of natural light or form of equivalent light for treatment of certain skin disorders such as psoriasis, skin cancer, vitiligo, and acne. In addition, it is also used to treat psychological conditions such as depression, anxiety, mood disorders, and insomnia; jaundice in newborns; and others. Light therapy treatments are non-invasive procedures in which affected skin is exposed to ultraviolet radiations to treat skin diseases. Light therapy treatment is advantageous as it is a non-invasive procedure, therefore, it provides faster recovery rate and is safer than conventional open surgeries.
Growth of the global light therapy market is majorly driven by alarming increase in prevalence of skin disorders such as acne, psoriasis, and skin cancers; increase in preference of patients toward non-invasive treatments; increase in prevalence of neurological disorders such as anxiety, seasonal affective disorders, and insomnia; technological advancements in light therapy; and increase in number of dermatological clinics offering light therapy treatments. The light therapy is a non-invasive therapy used to treat various skin diseases. In recent times, the patients are shifting their preference towards non-invasive procedures for various diseases. The benefits of non-invasive procedures are no pain, no incisions, cuts, or scars and low risk of complications. In addition, it is safer than traditional open surgeries as it provides faster recovery. Furthermore, light therapy is a non-invasive procedure used for wound healing, psoriasis, and skin cancer. Thus, shift of preference of patients toward non-invasive light therapies propels growth of the market.
However, high cost of light therapy treatments and increase in side-effects from light therapy hinders growth of the market. In addition, people with light complexion are more vulnerable to burning and can lead to skin damage. Hence, these factors negatively impact growth of the market.
The global light therapy market is segmented into product, application, light type, and region. By product, the market is categorized into light box, floor and desk lamps, light visor, handheld devices for skin treatments, and others. On the basis of application, it is segregated into skin conditions (psoriasis, vitiligo, eczema, and others), mood & sleep conditions (major depressive disorders, and sleeping disorders), and others. By light type, it is classified into blue light, red light, white light, and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Major key players that operate in the global light therapy market are Beurer GmbH, Biophostas Inc. (Celluma), Johnson and Johnson, Koninklijke Philips N.V., Lucimed S.A., Lumie, Nature Bright, Northern Light Technologies, Photomedex Inc, TheraLight Llc, Verilux Inc., and Zepter International.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the light therapy market analysis from 2021 to 2031 to identify the prevailing light therapy market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the light therapy market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global light therapy market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product
Light Box
Floor and Desk Lamps
Light Visor
Handheld Devices for Skin Treatment (HDST)
Others
By Application
Skin conditions
Type
Psoriasis
Vitiligo
Eczema
Others
Mood and sleep conditions
Type
Major Depressive Disorders and Sleeping Disorders
Seasonal Aaffective Disorders (SAD)
Others
By Light Type
Blue light
Red light
White light
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest Of Europe
Asia-Pacific
South Korea
Rest Of Asia-Pacific
Japan
China
Australia
India
LAMEA
Brazil
Saudi Arabia
South Africa
Rest Of LAMEA
Key Market Players
BEURER GMBH
BIOPHOSTAS INC. (CELLUMA)
JOHNSON AND JONSON
Koninklijke Philips N.V.
LUCIMED S.A.
LUMIE
N.VVERILUX
NATURE BRIGHT
NORTHERN LIGHT TECHNOLOGIES
PHOTOMEDEX.INC
TheraLight, LLC
Verilux, Inc.
ZEPTER INTERNATIONAL
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