Light Therapy Market Size Worth $1.61 Billion By 2032 | CAGR: 4.5%

Light Therapy Market Size Worth $1.61 Billion By 2032 | CAGR: 4.5%

The light therapy market size is expected to reach USD 1.61 billion by 2032, according to a new study by Polaris Market Research. The report “Light Therapy Market Size, Share & Trends Analysis Report, By Product (Lightbox, Floor & Desk Lamp, Light Visor, Dawn Simulator, Light Therapy Bulbs, and Handheld Devices); By Application; By Light Type; By End-use; By Region, And Segment Forecasts, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Market is experiencing significant growth, driven by a range of factors such as an increasing incidence of skin-related diseases, seasonal affective disorder, and depression, along with rapid technological advancements in healthcare. Light therapy has emerged as a popular approach to treating these conditions, and ability to correct an individual’s circadian rhythm. The market is expected to grow rapidly in the coming years, fueled by rising demand in the healthcare field.

For instance, in June 2022, BioPhotas,  partnered with Ulta Beauty to bring its FDA-cleared Celluma PRO and Celluma ELITE models to 55 different Ulta Beauty locations across the country. The Celluma models are designed to treat various skin conditions, including acne, wrinkles, and joint pains. This partnership is expected to provide effective skincare solutions to customers seeking advanced skincare treatments at conveniently located Ulta Beauty stores.

In addition, the growing preference among patients is driving demand for minimally invasive light therapy techniques such as LED therapy and low-level laser therapy. As the light therapy market continues to expand, it is likely that we will see a continued shift towards this procedure among patients seeking effective and convenient treatment options. Overall, the light therapy market presents a unique opportunity for growth and innovation in the healthcare industry, with tremendous potential for addressing a wide range of medical conditions.

Light Therapy Market Report Highlights

  • Sleeping disorder segment accounted for high share in 2022 due to its various conditions like hypersomnia, insomnia, and sleep apnea
  • Hand-held segment held the significant market revenue share on account of its increasing use due to its wide range of properties such as portability, efficient technology, and user-friendliness.
  • Blue light segment is projected to grow fastest at a high CAGR during the study period, which is driven by its variety of features including non-invasive and safe treatment option that does not cause damage to the skin or surrounding tissues
  • The home healthcare segment dominated the global market in 2022 and accounted for a healthy share owing to its ability to convenience home treatments and advancements in portable light therapy devices.
  • North America region dominated the global market in 2022 on account of increasing expansion of light visor and blue light sector in many countries as they are boosting the market growth.
  • The global key market players include Koninklijke Philips, Beurer, BioPhotas, Northern Light Technologies, and Lumie.

Polaris Market Research has segmented the light therapy market report based on product, application, light type, end-use, and region:

Light Therapy, Therapy Product Outlook (Revenue - USD Billion, 2019 - 2032)

  • Light Box
  • Floor and Desk Lamps
  • Handheld Devices for Skin Treatment
  • Light Visor
  • Dawn Simulator
  • Light Therapy Lamps
  • Others

Light therapy, Application Outlook (Revenue - USD Billion, 2019 - 2032)

  • Vitiligo
  • Skin Disorders
  • Eczema
  • Acne Vulgaris
  • SAD/Winter Blues
  • Sleeping Disorders
  • Others

Light therapy, Light Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • White Light
  • Red Light
  • Blue Light
  • Other (Green, Yellow, Etc)

Light Therapy, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)

  • Dermatology Clinics
  • Home Healthcare
  • Others

Light therapy, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Australia
  • Latin America
  • Argentina
  • Brazil
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
  • Qatar