Light Therapy Market Revenue, Growth, Restraints, Trends, Company Profiles, Analysis & Forecast Till 2027

The light Therapy Market will increase at a CAGR of 5.10% to reach USD 1,112,16 Million by 2027.

Natural light or any form of equivalent light is used in the treatment of certain conditions such as skin disorders (psoriasis and vitiligo), neurological disorders (anxiety, depression, seasonal affective disorder (SAD), mood and sleep disorders), some cancer, and precancerous conditions Fhyperbilirubinemia, newborn jaundice, and others.

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The increasing prevalence of skin conditions that require light therapy treatment, such as wrinkles, psoriasis, acne vulgaris, and other dermatological conditions, will lead to the market's significant expansion over the forecast period. In the medium term, growing usage of narrow and broad band UV phototherapy to treat skin-related illnesses will boost the market growth. The growing number of benefits offered by this therapy, such as cellular regeneration and improved blood circulation, is expected to fuel market growth.

Because of the increasing incidence of anxiety, sadness, and sleeplessness among COVID-19 patients, the COVID-19 pandemic is likely to fuel growth in the light therapy market over the forecast period. According to a Lancet Psychiatry study, on November 12, 2020, 57,476 COVID-19-positive patients displayed symptoms of anxiety, despair, and insomnia. The number of patients is shown in the table below.

Market Segmentation

By Product

The Light Therapy Industry has been divided into various segments such as Floor and Desk Lamps, LightBox, Handheld Devices for Skin Treatment (HDST), Light visors, Dawn simulators, Light Therapy Bulbs, and others. Among these, the increased use of light boxes for SAD treatment is expected to boost market segment growth throughout the research period.

By Application

The Light Therapy Market has been segmented into Vitiligo, Psoriasis, Acne Vulgaris, Eczema, Sleeping Disorders, Seasonal Affective Disorder (SAD), and others. Other sections cover joint discomfort and bone damage. Because of the increasing prevalence of psoriasis, the psoriasis application category is growing the fastest. Psoriasis affects around 25%-30% of the global population, with symptoms of arthritis and joint inflammation driving segment expansion.

By Light Type

The Light Therapy Industry has been categorized into Red Light, Blue Light, White Light, and others based on the light type segment.

The blue light sector is the largest among these, owing to the increasing use of blue light for skin cancer treatment and sun damage treatment. Furthermore, the white light sector is advantageous because it alleviates symptoms associated with depression and SAD, contributing to the growth of the global Light Therapy Industry.

By End User

The global Light Therapy Market has been divided into three end-user segments: Dermatology Clinics, Homecare Settings, and Others.

Because of the rising prevalence of dermatological disorders, the dermatology clinics segment is driving the global market's expansion.

Regional Classification

The Light Therapy Market has been divided into regions around the world, including Asia-Pacific, Europe, North America, the Middle East, and Africa.

Due to the increasing prevalence of dermatological illnesses and the need for non-invasive procedures, the American market is expected to generate the highest Light Therapy Industry Share throughout the projection period.

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Key Players

Northern Light Technology (Canada)
Chal-Tec GmbH (Germany)
Beurer (Germany)
BioPhotas (US)
Lucimed SA (Belgium)
Verilux (US)
Koninklijke Philips (Netherlands)
Nature Bright (Taiwan)
Zepter International (Switzerland)
Lumie (UK)

Industry News

The rise in ailments and diseases that require light therapy as a component of treatment will help the light therapy business quickly obtain the largest market share. A report from the National Psoriasis Foundation estimates there are more than 8 million Americans with psoriasis.

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