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How Significant is the Anticipated Growth Rate of the Light Therapy Market from 2025 to 2034?

In the past few years, the size of the light therapy market has been consistently expanding. The market is expected to enlarge from $1.24 billion in 2024 to $1.3 billion in 2025, showing a compound annual growth rate (CAGR) of 4.7%. Factors like advancements in medical research, clinical validation, acceptance in healthcare, growing consumer awareness, and market adoption have driven growth during the historic period.

Expect strong expansion in the light therapy market in the coming years, with projections estimating it to reach “$1.66 billion in 2029, growing at a compound annual growth rate (CAGR) of 6.2%. Factors such as customization and personalization, increased awareness of mental health, telehealth and remote care, as well as regulatory support contribute to this growth. The anticipated period is also set to witness major trends including wider clinical applications, the popularity of home-use devices, advancement in research and development, professionals’ endorsement, and growing accessibility and awareness.

What Strategic Factors Are Influencing the Accelerated Growth of the light therapy Market?

The growing occurrence of diverse skin conditions is expected to drive the expansion of the light therapy market. Skin conditions encompass a broad range of illnesses that can be provoked by bacteria, virus, fungi, allergies, parasites, and even the skin itself. Light therapy employs the use of light waves in addressing specific skin conditions like psoriasis, eczema, mycosis, vitiligo, among others. This is done by exposing the skin to an ultraviolet (UV) light for a specified duration in conjunction with a medication that enhances the skin’s immune response, helps treat skin conditions naturally, and manages cell growth and inflammation that lead to skin disorders. For example, Cancer Australia, the principal cancer control agency of the Australian Government, reported in January 2024 that in 2021, there were 1,455 melanoma-related deaths (958 men and 497 women). However, this number is estimated to decline to 1,314 fatalities in 2023, with 853 men and 461 women. Further, the National Psoriasis Foundation, a US nonprofit organization dedicated to aiding individuals with psoriasis and psoriatic arthritis, revealed in December 2022 that Psoriasis afflicts 125 million individuals worldwide, accounting for 2 to 3 percent of the global population. The condition affects around 1.5 percent of African Americans as opposed to 3.6 percent of Caucasians. In conclusion, the rising incidence of skin conditions is fueling the growth of the light therapy market.

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Who Are the Dominant Players Pushing the Boundaries of the Light Therapy Market?

Major companies operating in the light therapy market include:

• Verilux Inc._x000D_

• Koninklijke Philips NV_x000D_

• Zepter International Switzerland AG_x000D_

• Beurer GmbH_x000D_

• Nature Bright Co._x000D_

How Are Market Trends Revolutionizing the Light Therapy Industry in Recent Times?

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What Are the Major Segments of the Light Therapy Market and Their Role in Driving Growth?

The light therapy market covered in this report is segmented –

1) By Product: Light Box, Floor And Desk Lamps, Handheld Devices For Skin Treatment, Light Visor, Dawn Simulator, Light Therapy Lamps, Other Products

2) By Light Type: White Light, Blue Light, Red Light, Other Light Types

3) By Application: Psoriasis, Vitiligo, Eczema, Acne Vulgaris, SAD/Winter Blues, Sleeping Disorders, Other Applications

4) By End User: Homecare Setting, Hospital, Dermatology Clinics, Other End Users

Subsegments:

1) By Light Box: Compact Light Boxes, Full-Spectrum Light Boxes, Adjustable Light Boxes

2) By Floor and Desk Lamps: Floor Lamps, Desk Lamps, Adjustable Angle Lamps

3) By Handheld Devices for Skin Treatment: LED Handheld Devices, Infrared Handheld Devices, Ultraviolet Handheld Devices

4) By Light Visor: Wearable Light Visors, Adjustable Light Visors

5) By Dawn Simulator: Programmable Dawn Simulators, Natural Light Mimicking Dawn Simulators

6) By Light Therapy Lamps: Portable Light Therapy Lamps, Stationary Light Therapy Lamps

7) By Other Products: Phototherapy Masks, Light Therapy Glasses, Combined Light Therapy Devices

Which Geographic Areas Are Influencing the Growth of the Light Therapy Market?

North America was the largest region in the light therapy market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global light therapy market report during the forecast period. The regions covered in the light therapy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

What Are the Core Features That Define the Light Therapy Market?

Light therapy, commonly known as phototherapy, is a non-invasive medical treatment that treats various skin diseases by using different wavelengths of light for a set period of time to specific wavelengths of light to stimulate cellular activity and improve healing. It is used in treating autoimmune diseases, bacterial infections and fungal infections on the skin, psychiatric conditions, retinal diseases, and tumors.

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