June 13, 2024

Light Therapy Market Size to Worth USD 1.52 Billion by 2033

The global light therapy market size accounted for US$1.06 billion in 2023 and is projected to reach around USD 1.52 billion by 2033, growing at a CAGR of 3.67% from 2024 to 2033.

Key Points

  • North America has accounted highest revenue share of around 37% in 2023
  • Asia Pacific is projected to experience the fastest growth during the forecast period.
  • By product, the handheld devices segment has accounted revenue share of 26.8% in 2023.
  • By-product, the light visor segment is anticipated to grow at a rate during the forecast period.
  • By application, the sleeping disorder segment has captured revenue share of around 23.5% in 2023.
  • By application, the SAD/winter blues segment is projected to experience the highest growth rate during the forecast period.
  • By light type, the blue light segment has held revenue share of around 43% in 2023.
  • By end-use, the home healthcare segment held the largest market share of around 55% in 2023.
  • By end-use, the dermatology clinics segment is expected to experience the rapid growth rate during the forecast period.

Light Therapy Market Size 2024 to 2033

Report Summary

The global light therapy market report provides a Point-by-Point and In-Depth analysis of global market size, regional and country-level market size, market share, segmentation market growth, competitive landscape, sales analysis, opportunities analysis, strategic market growth analysis, the impact of domestic and global market key players, value chain optimization, trade regulations, recent developments, product launches, area marketplace expanding, and technological innovations.

The study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the light therapy market across the globe.

A comprehensive estimate on the light therapy market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of light therapy during the forecast period. Price point comparison by region with global average price is also considered in the study.

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Light Therapy Market Scope

Report Coverage Details
Global Market Size in 2023 USD 1.06 Billion
Global Market Size by 2033 USD 1.52 Billion
U.S. Market Size in 2023 USD 290 Million
U.S. Market Size by 2033 USD 420 Million
Base Year 2023
Forecast Period 2024 to 2033
Segments Covered By Product, By Application, By Light Type, and By End User
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Key Highlights:

Reports Coverage: It incorporates key market sections, key makers secured, the extent of items offered in the years considered, worldwide containerized light therapy market and study goals. Moreover, it contacts the division study gave in the report based on the sort of item and applications.

Market Outline: This area stresses the key investigations, market development rate, serious scene, market drivers, patterns, and issues notwithstanding the naturally visible pointers.

Market Production by Region: The report conveys information identified with import and fare, income, creation, and key players of every single local market contemplated are canvassed right now.

Also Read: Sleep Tech Devices Market Size to Grow USD 113.16 Bn by 2033

Market Players

The report includes the profiles of key light therapy market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information, key development in past five years.

Recent Developments

  • In January 2024, LumiThera initiated a European registry study investigating light therapy for age-related macular degeneration (AMD). This study follows a set of clinical trials known as the LIGHT SIDE studies, demonstrating that the treatment was well-tolerated by patients with dry AMD.
  • In February 2022, STRATA Skin Sciences, Inc. launched its new excimer laser system, XTRAC Momentum 1.0, designed for precise UVB light therapy in treating inflammatory skin conditions like psoriasis, atopic dermatitis, and vitiligo.
  • In January 2022, Bilihome secured funding from Health Innovations and Oost NL to launch an innovative, wearable light therapy device for jaundice affecting 10% of newborns.
  • In February 2022, UFC Performance Institute and GameDay Ready Recovery Zone joined forces to offer red light therapy to all UFC athletes. This partnership aims to improve athlete performance as red light therapy facilitates the body’s recovery at a cellular level.

Light Therapy Market Companies

  • Koninklijke Philips N.V.
  • Beurer GmbH
  • BioPhotas.
  • Northern Light Technologies
  • Lumie
  • Verilux, Inc
  • Zepter International
  • The Daylight Company
  • Zerigo Health
  • Naturebright

Segments Covered in the Report

By Product

  • Light Box
  • Floor and Desk Lamps
  • Handheld Devices
  • Light Visor
  • Dawn Simulator
  • Light Therapy Lamps

By Application

  • Psoriasis
  • Vitiligo
  • Eczema
  • Acne Vulgaris
  • SAD/Winter Blues
  • Sleeping Disorders

By Light Type

  • Blue Light
  • Red Light
  • White Light

By End User

  • Dermatology Clinics
  • Home Healthcare

Regional Segmentation

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

Secondary Research

It involves company databases such as Hoover’s: This assists us to recognize financial information, the structure of the market participants and industry’s competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to-face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire-based research etc.
  • In order to validate our research findings and analysis, we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Light Therapy Market 

5.1. COVID-19 Landscape: Light Therapy Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Light Therapy Market, By Product

8.1. Light Therapy Market, by Product, 2024-2033

8.1.1. Light Box

8.1.1.1. Market Revenue and Forecast (2021-2033)

8.1.2. Floor and Desk Lamps

8.1.2.1. Market Revenue and Forecast (2021-2033)

8.1.3. Handheld Devices

8.1.3.1. Market Revenue and Forecast (2021-2033)

8.1.4. Light Visor

8.1.4.1. Market Revenue and Forecast (2021-2033)

8.1.5. Dawn Simulator

8.1.5.1. Market Revenue and Forecast (2021-2033)

8.1.6. Light Therapy Lamps

8.1.6.1. Market Revenue and Forecast (2021-2033)

Chapter 9. Global Light Therapy Market, By Application

9.1. Light Therapy Market, by Application, 2024-2033

9.1.1. Psoriasis

9.1.1.1. Market Revenue and Forecast (2021-2033)

9.1.2. Vitiligo

9.1.2.1. Market Revenue and Forecast (2021-2033)

9.1.3. Eczema

9.1.3.1. Market Revenue and Forecast (2021-2033)

9.1.4. Acne Vulgaris

9.1.4.1. Market Revenue and Forecast (2021-2033)

9.1.5. SAD/Winter Blues

9.1.5.1. Market Revenue and Forecast (2021-2033)

9.1.6. Sleeping Disorders

9.1.6.1. Market Revenue and Forecast (2021-2033)

Chapter 10. Global Light Therapy Market, By Light Type 

10.1. Light Therapy Market, by Light Type, 2024-2033

10.1.1. Blue Light

10.1.1.1. Market Revenue and Forecast (2021-2033)

10.1.2. Red Light

10.1.2.1. Market Revenue and Forecast (2021-2033)

10.1.3. White Light

10.1.3.1. Market Revenue and Forecast (2021-2033)

Chapter 11. Global Light Therapy Market, By End User 

11.1. Light Therapy Market, by End User, 2024-2033

11.1.1. Dermatology Clinics

11.1.1.1. Market Revenue and Forecast (2021-2033)

11.1.2. Home Healthcare

11.1.2.1. Market Revenue and Forecast (2021-2033)

Chapter 12. Global Light Therapy Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Forecast, by Product (2021-2033)

12.1.2. Market Revenue and Forecast, by Application (2021-2033)

12.1.3. Market Revenue and Forecast, by Light Type (2021-2033)

12.1.4. Market Revenue and Forecast, by End User (2021-2033)

12.1.5. U.S.

12.1.5.1. Market Revenue and Forecast, by Product (2021-2033)

12.1.5.2. Market Revenue and Forecast, by Application (2021-2033)

12.1.5.3. Market Revenue and Forecast, by Light Type (2021-2033)

12.1.5.4. Market Revenue and Forecast, by End User (2021-2033)

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Forecast, by Product (2021-2033)

12.1.6.2. Market Revenue and Forecast, by Application (2021-2033)

12.1.6.3. Market Revenue and Forecast, by Light Type (2021-2033)

12.1.6.4. Market Revenue and Forecast, by End User (2021-2033)

12.2. Europe

12.2.1. Market Revenue and Forecast, by Product (2021-2033)

12.2.2. Market Revenue and Forecast, by Application (2021-2033)

12.2.3. Market Revenue and Forecast, by Light Type (2021-2033)

12.2.4. Market Revenue and Forecast, by End User (2021-2033)

12.2.5. UK

12.2.5.1. Market Revenue and Forecast, by Product (2021-2033)

12.2.5.2. Market Revenue and Forecast, by Application (2021-2033)

12.2.5.3. Market Revenue and Forecast, by Light Type (2021-2033)

12.2.5.4. Market Revenue and Forecast, by End User (2021-2033)

12.2.6. Germany

12.2.6.1. Market Revenue and Forecast, by Product (2021-2033)

12.2.6.2. Market Revenue and Forecast, by Application (2021-2033)

12.2.6.3. Market Revenue and Forecast, by Light Type (2021-2033)

12.2.6.4. Market Revenue and Forecast, by End User (2021-2033)

12.2.7. France

12.2.7.1. Market Revenue and Forecast, by Product (2021-2033)

12.2.7.2. Market Revenue and Forecast, by Application (2021-2033)

12.2.7.3. Market Revenue and Forecast, by Light Type (2021-2033)

12.2.7.4. Market Revenue and Forecast, by End User (2021-2033)

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Forecast, by Product (2021-2033)

12.2.8.2. Market Revenue and Forecast, by Application (2021-2033)

12.2.8.3. Market Revenue and Forecast, by Light Type (2021-2033)

12.2.8.4. Market Revenue and Forecast, by End User (2021-2033)

12.3. APAC

12.3.1. Market Revenue and Forecast, by Product (2021-2033)

12.3.2. Market Revenue and Forecast, by Application (2021-2033)

12.3.3. Market Revenue and Forecast, by Light Type (2021-2033)

12.3.4. Market Revenue and Forecast, by End User (2021-2033)

12.3.5. India

12.3.5.1. Market Revenue and Forecast, by Product (2021-2033)

12.3.5.2. Market Revenue and Forecast, by Application (2021-2033)

12.3.5.3. Market Revenue and Forecast, by Light Type (2021-2033)

12.3.5.4. Market Revenue and Forecast, by End User (2021-2033)

12.3.6. China

12.3.6.1. Market Revenue and Forecast, by Product (2021-2033)

12.3.6.2. Market Revenue and Forecast, by Application (2021-2033)

12.3.6.3. Market Revenue and Forecast, by Light Type (2021-2033)

12.3.6.4. Market Revenue and Forecast, by End User (2021-2033)

12.3.7. Japan

12.3.7.1. Market Revenue and Forecast, by Product (2021-2033)

12.3.7.2. Market Revenue and Forecast, by Application (2021-2033)

12.3.7.3. Market Revenue and Forecast, by Light Type (2021-2033)

12.3.7.4. Market Revenue and Forecast, by End User (2021-2033)

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Forecast, by Product (2021-2033)

12.3.8.2. Market Revenue and Forecast, by Application (2021-2033)

12.3.8.3. Market Revenue and Forecast, by Light Type (2021-2033)

12.3.8.4. Market Revenue and Forecast, by End User (2021-2033)

12.4. MEA

12.4.1. Market Revenue and Forecast, by Product (2021-2033)

12.4.2. Market Revenue and Forecast, by Application (2021-2033)

12.4.3. Market Revenue and Forecast, by Light Type (2021-2033)

12.4.4. Market Revenue and Forecast, by End User (2021-2033)

12.4.5. GCC

12.4.5.1. Market Revenue and Forecast, by Product (2021-2033)

12.4.5.2. Market Revenue and Forecast, by Application (2021-2033)

12.4.5.3. Market Revenue and Forecast, by Light Type (2021-2033)

12.4.5.4. Market Revenue and Forecast, by End User (2021-2033)

12.4.6. North Africa

12.4.6.1. Market Revenue and Forecast, by Product (2021-2033)

12.4.6.2. Market Revenue and Forecast, by Application (2021-2033)

12.4.6.3. Market Revenue and Forecast, by Light Type (2021-2033)

12.4.6.4. Market Revenue and Forecast, by End User (2021-2033)

12.4.7. South Africa

12.4.7.1. Market Revenue and Forecast, by Product (2021-2033)

12.4.7.2. Market Revenue and Forecast, by Application (2021-2033)

12.4.7.3. Market Revenue and Forecast, by Light Type (2021-2033)

12.4.7.4. Market Revenue and Forecast, by End User (2021-2033)

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Forecast, by Product (2021-2033)

12.4.8.2. Market Revenue and Forecast, by Application (2021-2033)

12.4.8.3. Market Revenue and Forecast, by Light Type (2021-2033)

12.4.8.4. Market Revenue and Forecast, by End User (2021-2033)

12.5. Latin America

12.5.1. Market Revenue and Forecast, by Product (2021-2033)

12.5.2. Market Revenue and Forecast, by Application (2021-2033)

12.5.3. Market Revenue and Forecast, by Light Type (2021-2033)

12.5.4. Market Revenue and Forecast, by End User (2021-2033)

12.5.5. Brazil

12.5.5.1. Market Revenue and Forecast, by Product (2021-2033)

12.5.5.2. Market Revenue and Forecast, by Application (2021-2033)

12.5.5.3. Market Revenue and Forecast, by Light Type (2021-2033)

12.5.5.4. Market Revenue and Forecast, by End User (2021-2033)

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Forecast, by Product (2021-2033)

12.5.6.2. Market Revenue and Forecast, by Application (2021-2033)

12.5.6.3. Market Revenue and Forecast, by Light Type (2021-2033)

12.5.6.4. Market Revenue and Forecast, by End User (2021-2033)

Chapter 13. Company Profiles

13.1. Koninklijke Philips N.V.

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. Beurer GmbH

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. BioPhotas

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. Northern Light Technologies

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

13.5. Lumie

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial Performance

13.5.4. Recent Initiatives

13.6. Verilux, Inc

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial Performance

13.6.4. Recent Initiatives

13.7. Zepter International

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial Performance

13.7.4. Recent Initiatives

13.8. The Daylight Company

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial Performance

13.8.4. Recent Initiatives

13.9. Zerigo Health

13.9.1. Company Overview

13.9.2. Product Offerings

13.9.3. Financial Performance

13.9.4. Recent Initiatives

13.10. Naturebright

13.10.1. Company Overview

13.10.2. Product Offerings

13.10.3. Financial Performance

13.10.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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