Global Light Therapy Market Insights Forecasts to 2030

• The Light Therapy Market was valued at USD 1.50 Billion in 2021.
• The Market is Growing at a CAGR of 5.3% from 2022 to 2030
• The Global Light Therapy Market is expected to reach USD 2.10 Billion by 2030
• Asia Pacific is expected to grow the fastest during the forecast period

The global Light Therapy Market is expected to reach USD 2.10 billion by 2030, at a CAGR of 5.3% during the forecast period 2022 to 2030.

Light therapy, also known as phototherapy is basically a treatment which involves exposure to an artificial source of light or type of equivalent light. The therapy is mainly used to treat major seasonal affective disorder, depressive disorders, and different skin conditions. Light therapy treatment highlights immense results in the skin disorder treatments like psoriasis, vulgaris, eczema, and vitiligo. There are various types of light therapies based on the light type like red light therapy, blue light therapy, and white light therapy.

Impact of COVID 19 On Global Light Therapy Market

Recently, many countries have faced major threats of COVID 19 pandemic. The pandemic has resulted to a moderate impact on the global market owing to the strict lockdown rules, strain on hospitals, and disruption in supply chain which has led to the availability and reduced production of light therapy devices. This happened due to the decrease in the demand for such products due to cuts in consumer spendings, lockdowns, and avoidance of visiting clinics and hospitals for non emergency cases. Moreover, the economic slowdown happened due to the onset of pandemic have also resulted into the decrease in consumer spending.

Key Driving Factors

Increasing cases of skin problems are propelling the market

The rise in the cases of skin issues, depressive disorders like winter blues, and seasonal affective disorders, and rapid advancements in the field of technology in healthcare are anticipated to drive the market over the forecast period. Clinical depression is also one of the common health issues which is faced by many people. The issue is characterized by the persistent feelings of loss of interest in doing daily activities and sadness. Clinical depression also causes certain physical symptoms like changes in appetite, fatigue, lack of focus, and sleep disorder. The depression is faced due to the combination of biological, genetic, psychological, and environmental factors. According to the reports presented by WHO in 2021, around 264 million people across the world were affected by depression.

Increasing awareness among consumers to drive the market

The rise in the consumer awareness related to the benefits of light therapy devices is anticipated to drive the market. Furthermore, home held devices are also contributing towards the growth of the market due to their properties like wireless communication, portability, and dosage regulation.

Key Market Challenges

The rise in the side effects related to the light therapy as well as product recalls are anticipated to hamper the growth of the market over the forecast period.

Market Segmentation

Product Insights

The handheld devices segment dominates the market with the largest market share over the forecast period

On the basis of product, the global light therapy devices market is segmented into floor desk lamps, lightbox, handheld devices, light therapy lamps, light visors, and dawn simulators. Among these, the handheld devices segment is dominating the market with the largest market share over the forecast period. The main reason behind the segmental growth is attributed due to the wide range of properties like efficiency, portability, and user friendliness. They are used to treat skin conditions and use technologies like microcurrents, ultrasonic waves for improving the skin appearance.

Application Insights

The sleeping disorder segment holds the largest market share over the forecast period

Based on the application, the global light therapy market is segmented into eczema, vitiligo, SAD/ winter blues, and sleeping disorder. Among these, the sleeping disorder segment is dominating the market with the largest market share over the forecast period. There are different conditions associated to the sleep disorder such as hypersomnia, insomnia, as well as sleep disordered breathing which are caused due to the unhealthy lifestyles like consumption of alcohol, smoking, and more screen time.

Light Type Insights

The blue light segment is dominating the market with the largest market share over the forecast period

On the basis of light type, the global light therapy market is segmented into white light, red light, and blue light. Among these, the blue light segment is dominating the market with the largest market share over the forecast period. Blue light therapy is used for the treatment of different problems like skin issues, acne, seasonal affective disorders, and clinical depression. The treatment session depends on the condition and treatment area which vary from 15 to 90 minutes.

End Use Insights

The home healthcare segment is dominating the market with the largest market share over the forecast period

Based on the end use, the global light therapy market is segmented into home healthcare and dermatology clinics. Among these, the home healthcare segment is dominating the market with the largest market share over the forecast period owing to the rising awareness of consumer and technological advancements like remote monitoring of patients which are driving the market. Dermatology clinics segment, on the other hand is estimated to witness the fastest market growth owing to the increasing expenditures in different healthcare needs after pandemic.

Regional Insights

North America is dominating the market with the largest market share over the forecast period.

North America is dominating the market with the largest market share over the forecast period due to the increasing cases of winter blues or SAD and psoriasis condition. Light therapy consists of skin exposure to ultraviolet light from artificial sources under medical supervision.  UBA and UVB light  are being used to treat inflammation, improve symptoms. According to the estimation of Canadian Dermatology Association, around 1 million people suffer from psoriasis which is driving the market.

Asia Pacific, on the other hand is anticipated to witness the fastest market growth owing to the increasing awareness about the advantages of light therapy and rising investments in telemedicine. Moreover, the rising adoption of light therapy devices in clinics, hospitals and homecare settings are also propelling the market.

Recent Developments

• In June 2022, BioPhotas, Inc has made an announcement about the development of a new battery powered  devices which treat different joint, skin, and muscle conditions.

List of Key Companies

• Beurer GmbH
• Biophostas Inc. (Celluma)
• Johnson and Johnson
• Koninklijke Philips
• Lucimed S.A.
• Lumie
• Nature Bright
• Northern Light Technologies
• Photomedex Inc
• TheraLight Llc
• Verilux Inc.
• Zepter International

Market Segment

This study forecasts revenue at global, regional, and country levels from 2019 to 2030. Spherical Insights has segmented the global Light Therapy Market based on the below-mentioned segments:

Light Therapy Market, Product Insights

• Floor desk lamps
• Lightbox
• Handheld devices
• Light therapy lamps
• Light visors
• Dawn simulators

Light Therapy Market, Application Insights

• Eczema
• Vitiligo
• SAD/ winter blues
• Sleeping disorder

Light Therapy Market, Light Type Insights

• Red Light
• White Light
• Blue Light

Light Therapy Market, End Use Insights

• Healthcare
• Dermatology Clinics

Light Therapy Market, Regional Insights

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa.