Light Therapy Market [2023-2032] - Digital Connectivity, Imperative for Safety, Industry Segments, Top Companies & Market Exploration | The Brainy Insights

The report published by The Brainy Insights shows that the global light therapy market is expected to grow from USD 1.2 billion in 2022 to USD 2.0 billion by 2032, at a CAGR of 5.5% during the forecast period 2023-2032. North America emerged as the largest market for global light therapy, with a 36.7% market revenue share in 2022. Introducing the region's light treatment products and services will significantly impact the market. For example, Vital Red Light will debut a new range of at-home, professional-grade red, and near-infrared light therapy equipment in November 2021, giving patients access to light therapy treatments from the comfort of their homes. In addition, Oralucent introduced its multi-patented, blue, and red-light-emitting phototherapy toothbrush in February 2022 to treat whitening and other common dental issues safely and effectively.

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Light Therapy Market Size By Product (Light Therapy Lamps, Light Box, Handheld Devices for Skin Treatment, Floor & Desk Lamps, Dawn Stimulator, and Light Visor), By Application (Sleeping Disorders, Psoriasis, Acne Vulgaris, SAD/Winter Blues, Eczema and Vitiligo), Regions, Global Industry Analysis, Share, Growth, and Trends. Forecast 2023 to 2032

Leading companies in the industry include Koninklijke Philips N.V.; Northern Light Technologies; Verilux, Inc.; Beurer GmbH; Lumie; Naturebright BioPhotas; Zepter International; The Daylight Company; Zerigo Health; among others, offer more significant opportunities and continuously focus on new product developments and venture capital investments to obtain market share.

The product segment is divided into light therapy lamps, light boxes, handheld devices for skin treatment, floor & desk lamps, dawn stimulators, and light visors. The handheld devices for skin treatment segment dominated the market, with a market share of around 45.67% in 2022. The segment is becoming more popular due to the numerous benefits of the products, including portability, efficient technology, and user-friendliness. The application segment is divided into sleeping disorders, psoriasis, acne vulgaris, SAD/winter blues, eczema and vitiligo. The sleeping disorders segment dominated, with a market share of around 43.45% in 2022. Sleep disorders are related to insomnia, hypersomnia, and sleep-disordered breathing. The abovementioned issues are linked to unhealthy lifestyle choices such as smoking, drinking, and excessive screen time.

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The rising prevalence of skin illnesses, depressive disorders such as the winter blues and seasonal affective disorder, and rapid technology breakthroughs in healthcare propel the industry forward. Clinical depression is a prevalent mental health disease marked by chronic sorrow and loss of interest in activities. It also produces bodily symptoms such as weariness, hunger changes, sleep disturbances, and a loss of attention. A mix of genetic, biochemical, environmental, and psychological variables contribute to depression. According to WHO predictions, depression will affect around 264 million people worldwide in 2021. According to the International Labor Organization, COVID-19 and the lockout affected approximately 50% of youth, increasing the demand for light therapy devices.

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