How Has The Light Therapy Market Size Evolved Historically?
The light therapy market has seen considerable growth due to a variety of factors.
•In recent times, the size of the light therapy market has experienced constant expansion. It is expected to increase from $1.24 billion in 2024 to $1.3 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 4.7%.
The previous growth can be traced back to advancements in medical research, clinical validation, healthcare sector acceptance, heightened consumer awareness, and market adoption.
What Will Be The Light Therapy Market Size In The Future?
The light therapy market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for the light therapy market as strong expansion is anticipated over the coming years. The market is projected to reach a value of "$1.66 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.2%.
The key drivers for this forecasted growth include the inclinations towards personalization and customization, enhanced awareness about mental health, the rise of telehealth and remote care options, and supportive regulatory measures. Moreover, the market will be influenced by several trends over this period including an expansion in clinical applications, the popularity of home-use devices, advancements in research and development, professional endorsements, and increased accessibility and awareness.
What Are The Primary Growth Drivers In The Light Therapy Market?
The escalation in skin ailments prevalence is anticipated to stimulate the expansion of the light therapy market. Skin diseases encompass a broad array of conditions that impact the skin, which could be triggered by an array of infections such as bacterial, viral, fungal, allergic, or parasitic, as well as by the skin itself. Through the exposure of skin to ultraviolet (UV) light for a specific duration alongside particular medication, light therapy employs light waves in treating specific skin issues like psoriasis, eczema, mycosis, vitiligo, among others. This approach fosters the skin's immunity and aids in naturally addressing skin conditions, thus curbing the proliferation of cells and inflammation that result in skin disorders. For instance, Cancer Australia, the premier cancer control agency for the Australian Government, stated in January 2024 that melanoma of the skin caused 1,455 deaths in 2021, with a projected decrease to 1,314 deaths in 2023. Moreover, as per the National Psoriasis Foundation in December 2022, a nonprofit organization based in the US serving those with psoriasis and psoriatic arthritis, 125 million people worldwide are affected by Psoriasis, contributing to 2 to 3% of the total population. Its prevalence is approximately 1.5 percent among African Americans, in contrast with 3.6 percent among Caucasians. Therefore, the rising prevalence of skin diseases is pushing the light therapy market's growth.
What Is The Segmentation Of The Global Light Therapy Market?
The light therapy market covered in this report is segmented –
1) By Product: Light Box, Floor And Desk Lamps, Handheld Devices For Skin Treatment, Light Visor, Dawn Simulator, Light Therapy Lamps, Other Products
2) By Light Type: White Light, Blue Light, Red Light, Other Light Types
3) By Application: Psoriasis, Vitiligo, Eczema, Acne Vulgaris, SAD/Winter Blues, Sleeping Disorders, Other Applications
4) By End User: Homecare Setting, Hospital, Dermatology Clinics, Other End Users
Subsegments:
1) By Light Box: Compact Light Boxes, Full-Spectrum Light Boxes, Adjustable Light Boxes
2) By Floor and Desk Lamps: Floor Lamps, Desk Lamps, Adjustable Angle Lamps
3) By Handheld Devices for Skin Treatment: LED Handheld Devices, Infrared Handheld Devices, Ultraviolet Handheld Devices
4) By Light Visor: Wearable Light Visors, Adjustable Light Visors
5) By Dawn Simulator: Programmable Dawn Simulators, Natural Light Mimicking Dawn Simulators
6) By Light Therapy Lamps: Portable Light Therapy Lamps, Stationary Light Therapy Lamps
7) By Other Products: Phototherapy Masks, Light Therapy Glasses, Combined Light Therapy Devices
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What Emerging Trends Are Shaping The Light Therapy Market Landscape?
The emergence of advanced technologies is an emerging trend within the light therapy industry. Leading companies in the market are turning their focus towards superior technology to maintain their market standing. For instance, LightStim, a US-based producer of LED-based gadgets, announced the launch of its innovative HydraFacial system called Elipsa in June 2022 for addressing issues like wrinkles, pain, and acne. Elipsa is the pioneer LightStim device that offers dual treatment modes for wrinkles and acne, therefore enabling highly efficient and result-oriented therapy. This system uses LightStim MultiWave patented technology and premium-grade LEDs to offer a soothing and relaxing experience that delivers genuine benefits. This device includes more than twice the amount of LEDs connected wirelessly to the HydraFacial Syndeo to provide comprehensive treatment analytics to cater to customer demands more effectively.
Who Are the Key Players in the Light Therapy Market?
Major companies operating in the light therapy market include:
• Verilux Inc.
• Koninklijke Philips NV
• Zepter International Switzerland AG
• Beurer GmbH
• Nature Bright Co.
• Lucimed SA
• Aura Daylight LLC
• Northern Lights Inc.
• PhotoMedex Inc.
• Sphere Gadget Technologies
• Compass Health Brands
• TheraLight LLC
• BioPhotas Inc.
• The Daylight Company
• Zerigo Health
• Northern Light Technology
• Chal-Tec GmbH
• Nanoscope Therapeutics Inc.
• Vicentra BV
• Odin Medical Ltd.
• Lumeda Inc.
• Ray Therapeutics Inc.
• InGel Therapeutics Inc.
• NeoLight LLC
• GelMEDIX Inc.
• Johnson and Johnson Services Inc.
• Lumos Products Ltd.
• Carex Health Brands Inc.
• Revian Inc.
What are the Regional Insights into the Light Therapy Market?
North America was the largest region in the light therapy market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global light therapy market report during the forecast period. The regions covered in the light therapy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
