Light Therapy Market Analysis

Light Therapy Market Analysis

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.