Light Therapy Market by End-user, Type and Geographic Landscape - Forecast and Analysis 2023-2027

Light Therapy Market Forecast 2023-2027

The global light therapy market size is estimated to grow by USD 246.87 million at a CAGR of 4.72% between 2022 and 2027. 

The growing demand for light therapy among domestic, commercial, and healthcare end-users is encouraging vendors to enhance their capabilities. In view of the value-added features, online sales demand is growing such as home-based shopping, comparison between products, price, packaging, and flexibility of payment options. The demand for light therapy products also increases at an exponential rate during the winter season to aid people living in European and North American countries to overcome the winter blues. Domestic consumers are helping to select the correct products because of an increasing acceptance of Internet sales in advanced countries, thanks to increased Internet penetration, which is increasing sales. The adoption of online purchasing allows end-users to choose the products that they require. 

What will be the Size of the Market During the Forecast Period?

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Market Segmentation

This market report extensively covers market segmentation by End-user (commercial, domestic, and healthcare), Type (blue light, red light, white light, and others), and Geography (North America, Europe, Asia, and Rest of World (ROW)). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

Market Segmentation by  End-user, Type, and Geography Analysis

The market is influenced by various factors, including technological advancements in healthcare and increasing consumer awareness regarding its benefits. It addresses a wide range of conditions, from skin-related diseases like vitiligo and eczema to mental health conditions such as depressive disorders and seasonal affective disorder. With portable and wireless devices available, users can regulate the dosage and receive treatment conveniently. Light therapy encompasses various devices like lightboxes, hand-held devices, and dawn simulators, catering to different needs such as insomnia relief, eye fatigue reduction, and regulation of circadian rhythms. This market segment also caters to specific demographics like aircraft travelers combating jet lag and individuals seeking relief from sleeping disorders.

End-user analysis

Commercial

The market share growth by the commercial segment will be significant during the forecast period. Commercial end-users include corporate offices, hotels, and spas. These end-users use light therapy products such as floor and desk lamps as a source of artificial sunlight. Spa and beauty centers use portable devices that use LED light as a source.

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The commercial segment was valued at USD 361.09 million in 2017.  A number of skin care services are also provided in spas and beauty salons, requiring such products, such as handheld LED lights. The increase in the number of spas and salons is increasing the use of various such products, which is expected to fuel the growth of the market in focus during the forecast period.

Type analysis

Blue light

Blue light is a type of visible light with a relatively short wavelength and high energy. It is often used in light therapy, a treatment approach that involves exposure to specific wavelengths of light to address various health and wellness issues. Owing to the popularity of blue used in several areas such as skin conditions treatments, psoriasis, and mood disorders treatment, the popularity of the segment has grown in recent times. To help people adjust to changing work schedules or overcome jet lag, blue light therapy may be used that promote alertness while adjusting the body's internal clock toward a new time zone. Vast and wide usage of the treatment of it is expected to grow in the upcoming years, fueling the growth of the market during the forecast period.

Red Light

Red light therapy is a form of therapy that uses red or near-infrared light to treat a variety of health and wellness issues. Red light therapy is also known as low-level light therapy (LLLT) or photobiomodulation. It involves exposing the body to specific wavelengths of red or near-infrared light to stimulate cellular activity and promote healing. More and more people are seeking holistic health and well-being in support of their overall well-being, which is accompanied by the growing need to find alternative or complementary therapies. It aligns with this trend by offering a non-pharmaceutical approach to various health concerns, which contributes to the growth market in focus during the forecast period.

Regional Analysis

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North America is estimated to contribute 43% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that will shape the market during the forecast period. Due to the cold climate in North America, the demand is increasing. States such as Alaska, North Dakota, and Minnesota in the US experience extreme cold, which increases the prevalence of winter blues and SAD. To avoid these conditions, light therapy is preferred by domestic and commercial end-users. 

Moreover, domestic end users commonly use such products, such as light therapy boxes, as a substitute for sunlight. The increasing use of light therapy products provides opportunities for vendors to increase their sales. The increase in disposable income and the purchasing power of people in developed countries such as the US and Canada also increase the demand for light therapy products. The above factors will increase the market growth in this region during the forecast period.

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Key Market Players 

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

Aura Medical LLC- The company offers light therapy products such as Aura Daylight Lamp and Aura EnergyUp Wake-up Light with 1000 LUX.

• Acupressure Health Care International
• Aura Medical LLC
• Beurer GmbH
• Biophotas Inc.
• Compass Health Brands
• Demyk Lightmod Products Inc.
• Johari Digital India Ltd.
• Johnson and Johnson
• Light Sources Inc.
• Lucimed SA
• Lumie
• Nature Bright
• Northern Light Technologies Inc.
• Photomedex Inc.
• Red Light Man Ltd.
• Skrip Electronics
• Ultrasun International B.V.
• Verilux Inc.
• Zepter International
• Koninklijke Philips N.V.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Dynamics and Customer Landscape

The market is driven by various factors, including technological advancements in healthcare and increasing consumer awareness regarding its benefits in treating skin-related diseases and mental health conditions like depressive disorders and seasonal affective disorder. Product launches of innovative light therapy devices, such as handheld devices for skin treatment and therapy lamps, further contribute to market growth. However, challenges such as dosage regulation and addressing specific conditions like insomnia and eye fatigue remain, requiring ongoing research and development to enhance efficacy and broaden applicability in addressing diverse health issues. There are multiple factors influencing market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. 

Key Market Drivers

The growing prevalence of skin disorders is driving growth in the market.  Skin diseases are sometimes treated with less attention than infectious conditions when assigning priorities for health, like pneumonia and tuberculosis. The demand for various aesthetic treatments, such as laser surgery, is growing due to the increasing number of people who are conscious of their appearance. 

Moreover, light therapy products, such as handheld devices, are used in these settings during the post-treatment phase and for home-based patient care services. In order to prevent various skin problems, dermatologists advise the use of small LED lamps such as blue and red lights. Hence, the growing prevalence of skin disorders drives the growth of the market during the forecast period.

Significant Market Trends

The growing use of lightboxes to avoid winter blues is a key trend in the market. In the colder countries of Western Europe and North America, a light box is installed in order to limit the occurrence of winter blues. During winter, these countries have limited exposure to natural sunlight. Hence, people living in these countries are vulnerable to various medical conditions such as SAD. 

In addition, light therapy products such as light therapy boxes are used by consumers to provide bright white light, which mimics sunlight. The light boxes help to maintain a proper level of vitamin D in the body. In addition, they're adjusting and maintaining the night cycle of people, which helps prevent sleep apnea and SAD. The growing adoption of light therapy boxes in countries in Western Europe and North America is driving the growth of the market during the forecast period.

Major Market Challenges

The low demand for light therapy products is a major challenge in the market. The demand for these products is affected by product availability, service providers, and skilled professionals. The low number of dermatology treatments such as acne care, scars, and wrinkles in developing countries is limiting the use of various products such as handheld light therapy devices. 

However, the lack of skilled professionals affects the growth of the market. Market growth is also hampered by the limited availability of products and a lack of knowledge regarding their use in light therapy. The limited availability of products through online platforms is limiting their use in clinical applications. In developing countries, the low demand for products such as in Asia and MEA is a major challenge for the growth of the market, which will negatively impact the growth market in focus during the forecast period.

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Key Market Customer Landscape

The market report includes the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.

Customer Landscape

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

• End-user Outlook 
  • Commercial
  • Domestic
  • Healthcare

• Type Outlook 
  • Blue light
  • Red light
  • White light
  • Others

• Region Outlook 
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia
    • China
    • India
  • ROW
    • Antarctica
    • Australia
    • Rest of the World

Market Analyst Overview

The market experiences significant trends driven by advancements in laser technology and phototherapy, offering non-invasive therapies for various conditions like acne vulgaris and chronic insomnia. With a focus on portability and wireless communication, innovative devices like light visors and microcurrents cater to home healthcare needs, addressing concerns such as sleep disorders and joint inflammation. Regulatory approvals such as 510(k) applications ensure safety and efficacy in treating depression and skin conditions like sun damage. However, challenges persist, including addressing genetic, biological, and environmental factors influencing conditions like Parkinson's disease and mental health disorders. Investments in research aim to harness light therapy's potential in mitigating pain, inflammation, and neurological disorders like Parkinson's.

Market Scope
Report Coverage	Details
Page number	161
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 4.72%
Market growth 2023-2027	USD 246.87 million
Market structure	Fragmented
YoY growth 2022-2023(%)	4.12
Regional analysis	North America, Europe, Asia, and the Rest of the World (ROW)
Performing market contribution	North America at 43%
Key countries	US, Germany, UK, Japan, and China
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	Acupressure Health Care International, Aura Medical LLC, Beurer GmbH, Biophotas Inc., Compass Health Brands, Demyk Lightmod Products Inc., Johari Digital India Ltd., Johnson and Johnson, Light Sources Inc., Lucimed SA, Lumie, Nature Bright, Northern Light Technologies Inc., Photomedex Inc., Red Light Man Ltd., Skrip Electronics,  Ultrasun International B.V., Verilux Inc., Zepter International, and Koninklijke Philips N.V.
Market dynamics	Parent market growth analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the market between 2023 and 2027
• Precise estimation of the size of the market size and its contribution to the market in focus on the parent market
• Detailed analysis of customer landscape covering Diver of price sensitivity, Adoption of the lifecycle, and key purchase criteria 
• Companies landscape comparing criticality of inputs and factors of differentiation
• Exclusive Matrix on companies' position and classification
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market across North America, Europe, Asia, and the Rest of the World (ROW)
• A thorough analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

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