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.
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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Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: LIGHT THERAPY MARKET, BY PRODUCT
4.1 Overview
4.1.1 Market size and forecast
4.2 Light Box
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Floor and Desk Lamps
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Light Visor
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Handheld Devices for Skin Treatment (HDST)
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
4.6 Others
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market analysis by country
CHAPTER 5: LIGHT THERAPY MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2 Skin conditions
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.2.4 Skin conditions Light Therapy Market by Type
5.2.4.1 Psoriasis Market size and forecast, by region
5.2.4.2 Vitiligo Market size and forecast, by region
5.2.4.3 Eczema Market size and forecast, by region
5.2.4.4 Others Market size and forecast, by region
5.3 Mood and sleep conditions
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.3.4 Mood and sleep conditions Light Therapy Market by Type
5.3.4.1 Major Depressive Disorders and Sleeping Disorders Market size and forecast, by region
5.3.4.2 Seasonal Aaffective Disorders (SAD) Market size and forecast, by region
5.4 Others
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
CHAPTER 6: LIGHT THERAPY MARKET, BY LIGHT TYPE
6.1 Overview
6.1.1 Market size and forecast
6.2 Blue light
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Red light
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 White light
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
6.5 Others
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market analysis by country
CHAPTER 7: LIGHT THERAPY MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Product
7.2.3 North America Market size and forecast, by Application
7.2.3.1 North America Skin conditions Light Therapy Market by Type
7.2.3.2 North America Mood and sleep conditions Light Therapy Market by Type
7.2.4 North America Market size and forecast, by Light Type
7.2.5 North America Market size and forecast, by country
7.2.5.1 U. S.
7.2.5.1.1 Market size and forecast, by Product
7.2.5.1.2 Market size and forecast, by Application
7.2.5.1.3 Market size and forecast, by Light Type
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Product
7.2.5.2.2 Market size and forecast, by Application
7.2.5.2.3 Market size and forecast, by Light Type
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Product
7.2.5.3.2 Market size and forecast, by Application
7.2.5.3.3 Market size and forecast, by Light Type
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Product
7.3.3 Europe Market size and forecast, by Application
7.3.3.1 Europe Skin conditions Light Therapy Market by Type
7.3.3.2 Europe Mood and sleep conditions Light Therapy Market by Type
7.3.4 Europe Market size and forecast, by Light Type
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Market size and forecast, by Product
7.3.5.1.2 Market size and forecast, by Application
7.3.5.1.3 Market size and forecast, by Light Type
7.3.5.2 France
7.3.5.2.1 Market size and forecast, by Product
7.3.5.2.2 Market size and forecast, by Application
7.3.5.2.3 Market size and forecast, by Light Type
7.3.5.3 UK
7.3.5.3.1 Market size and forecast, by Product
7.3.5.3.2 Market size and forecast, by Application
7.3.5.3.3 Market size and forecast, by Light Type
7.3.5.4 Italy
7.3.5.4.1 Market size and forecast, by Product
7.3.5.4.2 Market size and forecast, by Application
7.3.5.4.3 Market size and forecast, by Light Type
7.3.5.5 Spain
7.3.5.5.1 Market size and forecast, by Product
7.3.5.5.2 Market size and forecast, by Application
7.3.5.5.3 Market size and forecast, by Light Type
7.3.5.6 Rest of Europe
7.3.5.6.1 Market size and forecast, by Product
7.3.5.6.2 Market size and forecast, by Application
7.3.5.6.3 Market size and forecast, by Light Type
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Product
7.4.3 Asia-Pacific Market size and forecast, by Application
7.4.3.1 Asia-Pacific Skin conditions Light Therapy Market by Type
7.4.3.2 Asia-Pacific Mood and sleep conditions Light Therapy Market by Type
7.4.4 Asia-Pacific Market size and forecast, by Light Type
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 Japan
7.4.5.1.1 Market size and forecast, by Product
7.4.5.1.2 Market size and forecast, by Application
7.4.5.1.3 Market size and forecast, by Light Type
7.4.5.2 China
7.4.5.2.1 Market size and forecast, by Product
7.4.5.2.2 Market size and forecast, by Application
7.4.5.2.3 Market size and forecast, by Light Type
7.4.5.3 Australia
7.4.5.3.1 Market size and forecast, by Product
7.4.5.3.2 Market size and forecast, by Application
7.4.5.3.3 Market size and forecast, by Light Type
7.4.5.4 India
7.4.5.4.1 Market size and forecast, by Product
7.4.5.4.2 Market size and forecast, by Application
7.4.5.4.3 Market size and forecast, by Light Type
7.4.5.5 South Korea
7.4.5.5.1 Market size and forecast, by Product
7.4.5.5.2 Market size and forecast, by Application
7.4.5.5.3 Market size and forecast, by Light Type
7.4.5.6 Rest of Asia-Pacific
7.4.5.6.1 Market size and forecast, by Product
7.4.5.6.2 Market size and forecast, by Application
7.4.5.6.3 Market size and forecast, by Light Type
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Product
7.5.3 LAMEA Market size and forecast, by Application
7.5.3.1 LAMEA Skin conditions Light Therapy Market by Type
7.5.3.2 LAMEA Mood and sleep conditions Light Therapy Market by Type
7.5.4 LAMEA Market size and forecast, by Light Type
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Brazil
7.5.5.1.1 Market size and forecast, by Product
7.5.5.1.2 Market size and forecast, by Application
7.5.5.1.3 Market size and forecast, by Light Type
7.5.5.2 Saudi Arabia
7.5.5.2.1 Market size and forecast, by Product
7.5.5.2.2 Market size and forecast, by Application
7.5.5.2.3 Market size and forecast, by Light Type
7.5.5.3 South Africa
7.5.5.3.1 Market size and forecast, by Product
7.5.5.3.2 Market size and forecast, by Application
7.5.5.3.3 Market size and forecast, by Light Type
7.5.5.4 Rest of LAMEA
7.5.5.4.1 Market size and forecast, by Product
7.5.5.4.2 Market size and forecast, by Application
7.5.5.4.3 Market size and forecast, by Light Type
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 BEURER GMBH
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 BIOPHOSTAS INC. (CELLUMA)
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 JOHNSON AND JONSON
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Koninklijke Philips N. V.
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 LUCIMED S. A.
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 LUMIE
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 N. VVERILUX
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 NATURE BRIGHT
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 NORTHERN LIGHT TECHNOLOGIES
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 PHOTOMEDEX. INC
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
9.11 TheraLight, LLC
9.11.1 Company overview
9.11.2 Company snapshot
9.11.3 Operating business segments
9.11.4 Product portfolio
9.11.5 Business performance
9.11.6 Key strategic moves and developments
9.12 Verilux, Inc.
9.12.1 Company overview
9.12.2 Company snapshot
9.12.3 Operating business segments
9.12.4 Product portfolio
9.12.5 Business performance
9.12.6 Key strategic moves and developments
9.13 ZEPTER INTERNATIONAL
9.13.1 Company overview
9.13.2 Company snapshot
9.13.3 Operating business segments
9.13.4 Product portfolio
9.13.5 Business performance
9.13.6 Key strategic moves and developments
Executive Summary
According to this report, titled, 'Light Therapy Market,' the light therapy market was valued at $521.09 million in 2021, and is estimated to reach $802.7 million by 2031, growing at a CAGR of 4.4% from 2022 to 2031.Light therapy is also known as phototherapy, which is a treatment in which a patient is exposed to a light source such as ultraviolet radiations. This therapy is often used in the treatment of various diseases, including depression, skin disorders, sleep disorders, and jaundice. Furthermore, light therapy is also used to treat seasonal affective disorder (SAD).
Light therapy market trends include increasing burden of dermatological disorders, favorable reimbursement policies in developed and developing countries and increase in awareness regarding personal care. In addition, increase in prevalence of psychological disorders such as depression, anxiety, and insomnia contributes toward the global market growth. Increase in acquisition and collaboration strategies by key market players and increase in research and development activities provide opportunities for the light therapy market forecast growth.
Depending on product, the floor and desk lamps segment exhibited highest growth in light therapy market size in 2021, owing to increase in demand for floor and desk lamps as these are more convenient to use. However, handheld devices for skin treatment (HDST) is expected to register highest CAGR of 5.5% from 2022 to 2031 in the light therapy industry, owing to increased use of handheld laser devices for skin treatments by dermatologists.
On the basis of application, skin conditions segment was the major revenue contributor in the light therapy industry and fastest growing segment, owing to rise in prevalence of various skin diseases such as acne, psoriasis, vitiligo, and eczema and rise in demand of non-invasive light therapies.
On the basis of light type, the blue light segment dominated the light therapy market size in 2021, and is expected to remain dominant during the forecast period. The market growth for this segment is driven by increase in use of blue light therapy devices such as handheld lasers and LED to treat various skin conditions and mood disorders in the U.S. However, the red light segment is expected to register highest CAGR of 5.3% from 2022 to 2031, owing to increase in prevalence of dementia and other skin conditions and increase in patients seeking red light therapy treatments.
Region wise, North America has the highest light therapy market share in 2021, and is expected to maintain its lead during the forecast period, owing to rise in prevalence of acne and availability of reimbursement policies in the region. However, Asia-Pacific is expected to register highest CAGR of 6.2% from 2022 to 2031 in light therapy market analysis, owing to rise in awareness about skin diseases and treatments for skin diseases and surge in healthcare expenditure.
Key findings of the study
- Based on product, the floor and desk lamps segment was highest contributor to the market in 2021.
- On the basis of application, skin conditions segment dominated the market in 2021, and is expected to continue this trend during the forecast period.
- By light type, the blue light segment dominated the market in 2021, and is expected to grow at a CAGR of 4.5%
- Region wise, North America generated the largest revenue share in 2021, however, Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.
Companies Mentioned
- Beurer GmbH
- Biophostas Inc. (Celluma)
- Johnson and Jonson
- Koninklijke Philips N.V.
- Lucimed SA
- Lumie
- N.Vverilux
- Nature Bright
- Northern Light Technologies
- Photomedex.Inc.
- Theralight, LLC
- Verilux, Inc.
- Zepter International
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 303 |
| Published | October 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 521.09 million |
| Forecasted Market Value ( USD | $ 802.74 million |
| Compound Annual Growth Rate | 4.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 13 |
