Light Therapy Market
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Light Therapy Market size was valued at more than USD 997 million in 2022 and will progress tremendously to reach over USD 1.5 billion by 2032 at 6.3% CAGR. Rising number of patients with dermatological disorders and seasonal affective disorders will drive industry demand.
Light therapy, also referred as phototherapy, refers to exposure to daylight or any equivalent form of light to treat several diseases including skin and mood disorders. The LED light therapy can be effective for wound healing and other types of skin damages. The scope of report includes various light-based devices that are intended to treat desired health conditions. Rising incidence of skin-related disease and growing awareness about personal care are the factors driving the market growth. Light therapy is used to treat skin conditions such as psoriasis, vitiligo, and eczema.
Light therapy involves the use of specific wavelengths of light to treat a variety of medical conditions. Globally, increasing patient preference for non-invasive procedures will boost the market size. Non-invasive light therapies are now highly preferred by many medical facilities due to their benefits such as reduced pain and better patient care. Furthermore, red light therapy is widely used in the treatment of inflammation, arthritis, joint pain, and bone injuries. This therapy is a drug-free natural treatment with few risks and side effects that has many applications in orthopaedic conditions.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Light Therapy Market Size in 2022: | USD 997 Million |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 - 2032 CAGR: | 6 |
| 2023 Value Projection: | USD 1.5 Billion |
| Historical Data for: | 2018 to 2022 |
| No of Pages: | 150 |
| Tables, Charts & Figures: | 150 |
| Segments Covered: | Product, Application, Light, End-use, and Region |
| Growth Drivers: |
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| Pitfalls Challenges: |
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Technological advancements towards development of novel light therapy are anticipated to stimulate the light therapy market growth. Advent of advanced technology has led to developments in light therapy for treatment of various skin diseases as well as sleep disorders. Use of laser technology for treating skin disorders involves high cost and some skin damage. The therapy is currently being used as an alternative to the laser system or drug treatment. Growing demand for advanced dermatology treatment such as the red light (600-950nm) and green light (532-595nm) for treatment of acne, wrinkles, facial redness, rosacea, and others will upsurge its adoption during the forthcoming years.
Light therapy market from light box segment held more than USD 198 million revenue in 2022 and is anticipated to reach over USD 352 million by 2032. The high segment size is primarily driven by its increasing usage and adoption. Seasonal affective disorder can be effectively treated with a light therapy box. Segment growth is primarily driven due to its growing usage and adoption. Light therapy box offers an effective treatment option for seasonal affective disorder.
Light therapy market from psoriasis segment held more than USD 210 million revenue in 2022 and is anticipated to reach over USD 382 million by 2032. Psoriasis is becoming more prevalent, particularly in developed countries where lifestyles have become more sedentary and stressful. As a result, the number of patients seeking treatment is growing, which is driving the market outlook.
Growing pervasiveness of various skin conditions due to allergies, faltering environment, lifestyle and other factors is creating demand for wide range of dermatological therapies. According to the National Psoriasis Foundation, 8 million American have psoriasis. Light therapy products lower the inflammation and itching sensation caused in this skin condition and thus is gaining popularity.
Light therapy market from blue light segment will proceed at 6.9% CAGR during the forecast period. Blue light therapy has gained popularity in recent years as an effective treatment for various skin diseases, including psoriasis, eczema, acne, and other conditions. Blue light therapy works by exposing the skin to a specific wavelength of light that is able to penetrate the skin's layers, targeting the bacteria and inflammation that cause skin problems. Moreover, blue light is widely used in the treatment of numerous medical conditions and disorders such as acne vulgaris, seasonal effective disorder (SAD) and others is projected to accelerate the segment trends.
Homecare settings segment dominated the global light therapy market accounting for more than 59% business share in 2022 and is estimated to reach over 1,150 million by 2032. Rising awareness and demand for homecare devices and availability of handheld and user-friendly devices will foster the segment value. Moreover, key industry players are focusing on development of advanced light therapy devices that treat health related conditions at home with ease-of-use and improved patient management.
North America light therapy market accounted for more than 33% in 2022. The regional market growth is primarily due to rising awareness about light therapy and technological advancements in healthcare for efficient patient care. Furthermore, strong presence of business players in the region as well as wide product availability will propel the overall industry progression. Further, rising disposable income of the population base and rapid urbanization will accelerate the market share.
The light therapy industry consists of several players including:
By Product
By Application
By Light Type
By End-use
The above information is provided for the following regions and countries:
Global market size for light therapy was valued at USD 997 million in 2022 and is set to progress at more than 6% CAGR over the next 10 years owing to favorable reimbursement scenarios, especially in developed economies.
Acne vulgaris segment is foreseen to surpass USD 150.5 million by the end of 2032 due to soaring incidences of acne vulgaris among adults and teenagers and increasing awareness regarding light treatment.
North America light therapy market held more than 34.5% business share in 2022 on account of technological advancements in healthcare for economical patient care and surging awareness regarding light therapy in the region.
Floor and desk lamps segment is projected to exceed USD 300 million by 2032 as a result of the advantages of floor and desk lamps over light boxes such as wide-angle adjustments and brilliant light emission.