Global Light Therapy Market

Light Therapy Market Size, Share, Growth Analysis, By Product Type (Light Box, Floor and Desk Lamps), By Light Type (Blue Light, Red Light), By Application (Psoriasis, Vitiligo), By End User, By Region - Industry Forecast 2025-2032

Report ID: SQMIG35J2120 | Region: Global | Published Date: November, 2024
Pages: 157 | Tables: 127 | Figures: 72

Light Therapy Market Insights

Light Therapy Market size was valued at USD 1.05 Billion in 2023 and is poised to grow from USD 1.1 Billion in 2024 to USD 1.57 Billion by 2032, growing at a CAGR of 4.6% during the forecast period (2025-2032).

As the name suggests, light therapy comprises the use of dedicated light sources to cure different conditions like sleep disorders, seasonal affective disorder, and specific skin conditions. The light therapy market is a highly progressing sector in the healthcare and wellness industries, with a large population increasingly gaining awareness regarding better mental health and the advantages of light therapy treatments. The market is significantly driven by the increased focus on non-pharmacological treatments, awareness of mental health, and improvements in technologies. However, the market is negatively impacted by variability and effectiveness of performance and quality and safety concerns among consumers. Yet, the market is opportune to the growing number of portable and wearables and the growing focus on preventive healthcare.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global Light Therapy Market size was valued at USD 1 billion in 2022 and is poised to grow from USD 1.05 billion in 2023 to USD 1.5 billion by 2031, growing at a CAGR of 4.6% in the forecast period (2024-2031).

The global light therapy market is a highly competitive global market driven by many international competitors. Prominent corporations with cutting-edge AI and ML technology are Google, IBM, Microsoft, and NVIDIA. To support a wide range of applications across industries, these industry experts concentrate on creating cutting-edge algorithms, scalable platforms, and reliable infrastructure. Rapid advances in technology, strategic alliances, and large expenditures on research and development define the competitive environment. 'Koninklijke Philips N.V. (Netherlands) ', 'Verilux, Inc. (US) ', 'Northern Light Technologies (Canada) ', 'TheraLight, LLC (US) ', 'Zepter International (Switzerland) ', 'PhotoMedex, Inc. (US) ', 'Beurer GmbH (Germany) ', 'Nature Bright (Taiwan) ', 'Lucimed SA (Belgium) ', 'PhotonMD, Inc. (US) ', 'BioPhotas (US) ', 'Johnson & Johnson (US) ', 'Carex Health Brands Inc. (US) ', 'Aura Daylight (US) ', 'The Daavlin Company (US) ', 'Medisana GmbH (Germany) ', 'Niraxx (US)'

Improvements in light therapy technology like the introduction of user-friendly and highly effective devices like portable light boxes and wearable light visors have notable prominence and importance in the market and in the minds of consumers, thus driving the market. Moreover, improved features like programmable settings and adjustable light intensities enable users for more customization treatments at home of professional settings.

Introduction of Personalized Light Therapy: Improvements in technology have enabled the introduction of highly personalized solutions for light therapy. The modern devices today provide adaptable or adjustable light intensity, color temperature, and duration to satisfy individual conditions and requirements. Moreover, with the incorporation of machine learning and AI, a few products are effectively studying consumer data and enhance settings and schedules for better results.

Geographically, North America dominated the market in the previous years and is expected to lead over the forecast period owing to the increased awareness and demand for light therapy solutions. The leading countries in the region like the United States and Canada are well-aware of these solutions and their benefits. Moreover, the well-developed healthcare infrastructure of North America along with the presence of a large number of players is contributing to the market growth. The region holds technologically advanced healthcare systems and access to improved healthcare technologies, thus boosting the demand and development of light therapy devices. The key players profiled in the region include Philips Healthcare, Verilux, Inc., Carex Health Brands, Lumie, Sunbox Company, and more.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

Click here right-arrow
logo-images

Feedback From Our Clients

Global Light Therapy Market

Report ID: SQMIG35J2120

$5,300
BUY NOW GET FREE SAMPLE