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What Is the Forecast for the Light Therapy Market Growth in 2025?

In recent times, there has been a steady increase in the size of the light therapy market. Projected growth from $1.24 billion in 2024 to $1.3 billion in 2025, with a compound annual growth rate (CAGR) of 4.7%, has been anticipated. The upward trend in the past can be linked to progress in medical research, clinical validation, acceptance in the healthcare sector, consumer awareness, and market adoption.

What Is the Forecast for the Light Therapy Market Size Through 2029?

In the coming years, the market size of light therapy is predicted to experience robust growth, poised to reach “$1.66 billion by 2029, with a compound annual growth rate (CAGR) of 6.2%. The projected growth in the given forecast period is due to factors such as personalization and customization, increased awareness of mental health, telehealth and remote care, and regulatory support. Some of the significant trends in the forecast period encompass broader clinical applications, devices for home use, research and development initiatives, professional recognition, and improved accessibility and awareness.

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What are the Key Market Players in Light Therapy Market and How They’re Evolving?

Major companies operating in the light therapy market include Verilux Inc., Koninklijke Philips NV, Zepter International Switzerland AG, Beurer GmbH, Nature Bright Co., Lucimed SA, Aura Daylight LLC, Northern Lights Inc., PhotoMedex Inc., Sphere Gadget Technologies, Compass Health Brands, TheraLight LLC, BioPhotas Inc., The Daylight Company, Zerigo Health, Northern Light Technology, Chal-Tec GmbH, Nanoscope Therapeutics Inc., Vicentra BV, Odin Medical Ltd., Lumeda Inc., Ray Therapeutics Inc., InGel Therapeutics Inc., NeoLight LLC, GelMEDIX Inc., Johnson and Johnson Services Inc., Lumos Products Ltd., Carex Health Brands Inc., Revian Inc.

What Are the Primary Growth Drivers in the Light Therapy Market?

The escalation in the incidence of skin disorders is projected to fuel the expansion of the light therapy market. Skin disorders encompass an extensive variety of diseases impacting the skin, caused by bacteria, viruses, fungi, allergies, parasites, and even by skin’s innate factors. Light therapy harnesses light waves to address specific skin conditions like psoriasis, eczema, mycosis, vitiligo and more. This is done by subjecting the skin to a predefined duration of ultraviolet (UV) light, coupled with a medicine that stimulates the skin’s immunity. This treatment method helps manage skin conditions in a natural manner and curbs cell growth and inflammation that result in skin problems. For example, Cancer Australia, the primary cancer control body for the Australian government, reported in January 2024, that there were 1,455 melanoma deaths in 2021 (958 males and 497 females). This figure is forecasted to decline to 1,314 in 2023 (853 males and 461 females). Furthermore, in December 2022, as per the National Psoriasis Foundation, a US-based nonprofit dedicated to helping those with psoriasis and psoriatic arthritis, psoriasis affects 125 million individuals globally, representing 2-3% of the population. It is found in roughly 1.5% of African Americans as compared to 3.6% of Caucasians. Thus, the rising occurrence of skin diseases is propelling the growth of the light therapy market.

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What Are the Leading Segments in the Global Light Therapy Industry?

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

What Are the Key Market Trends in the Light Therapy Industry?

The uptake of technological enhancements is a leading trend in the light therapy market. Major players in this market are focusing on cutting-edge technologies to secure their market positions. For instance, in June 2022, LightStim, a LED device manufacturing company based in the US, rolled out Elipsa, a revolutionary HydraFacial system aimed at wrinkles, pain, and acne treatment. Elipsa, the first from LightStim, offers dual treatment functions for wrinkles and acne, ensuring the most efficient treatment using LightStim MultiWave patented technology. With medical-grade LEDs, Elipsa provides a serene and relaxing experience with visible benefits. The device, with its superior number of LEDs, is wirelessly connected to the HydraFacial Syndeo, enabling better treatment analytics to cater to customer needs more effectively.

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What Is the Regional Outlook for 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

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This Report Delivers Insight On:

1. How big is the light therapy market, and how is it changing globally?

2. Who are the major companies in the light therapy market, and how are they performing?

3. What are the key opportunities and risks in the light therapy market right now?

4. Which products or customer segments are growing the most in the light therapy market?

5. What factors are helping or slowing down the growth of the light therapy market?

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