Light Therapy Market Size, Share, Growth, Trends, and Global Industry Analysis: Size, Share, Growth, Trends, and Industry Analysis By Light Type (Blue Light, Red Light, White Light, Green Light), By Product Type (Light Boxes, Lamps, Light Visors, Handheld Devices, Dawn Simulators & Others), By Application (Skin Conditions, Sleep Disorders & Others), By End Users (Dermatology Clinics, Home Care Settings & Others), and Region Forecast 2019-2030

Light therapy market size was valued at US$ 1,241.9 million in 2023 and is projected to reach value of US$ 1,735.9 million by 2030, at a CAGR of 4.9% from 2024-2030.

Light therapy, also known as phototherapy, is a treatment that involves exposure to artificial light sources at controlled wavelengths. It is primarily used to treat various conditions, including seasonal affective disorder (SAD), skin issues, and certain sleep disorders by influencing bodily mechanisms through light exposure.

The market is driven by several factors, including the rising prevalence of skin-related diseases and mood disorders, which have increased the demand for non-invasive treatment options, technological advancements have also played a significant role, with new and improved light therapy devices being developed to treat various conditions more effectively. However, the market faces restraints such as the potential side effects of light therapy and a lack of awareness in underdeveloped regions. Opportunities in the market include the growing acceptance of light therapy in cosmetic and wellness industries, as well as the potential for expanding its applications in treating chronic pain and improving cognitive function. The key trends in the market show a shift towards personalized and home-use devices, as well as increased investment in research and development to enhance the efficacy and accessibility of light therapy treatments.

 Key Players

The leading companies highlighted in the light therapy market report include such as Northern Light Technology, BioPhotas, Chal-Tec GmbH, Lucimed SA, Lumie, Verilux, Nature Bright, Zepter International and others. Also, a comprehensive analysis of industry verticals and market participants that provides a clear overview of the competitive landscape in relation to the sectors served by the company’s products and services, market share, service offerings, financial reports, significant developments, market strategy, competitive position, and geographic reach.

Key Takeaways

• North America market is the dominant market in 2023 of light therapy industry.
• The Asia pacific market is expected to expand at highest CAGR from 2024 to 2030.
• Based on light type, the blue light segment dominated the market in 2023.
• Based on product type, the handheld devices is expected dominate the market in 2024.
• Based on application, the sleep disorders segment has expected to dominate the market in coming forecast years.
• Based on end users, the dermatology clinics has captured the largest market share.

Facts & Figures 

• In December 2020, Med Technologies launched a home use product ‘Omnilux Contour’. Additionally, the company launched a new online store for all its products, which was expected to help the company gain some market share during and after the COVID-19 pandemic.
• In June 2022, BioPhotas, Inc. announced a partnership with Ulta Beauty. This partnership is expected to meet the skincare need of customers across the U.S.
• In February 2024, Koninklijke Philips N.V. launched a groundbreaking innovation in healthcare imaging. LumiGuide, a light-based alternative to X-rays, enables doctors to navigate blood vessels without the use of X-rays.

Key Developments

• In June 2022, LightStim introduced its latest LED light therapy called Elipsa, a device that can be seamlessly used with BeautyHealth’s advanced HydraFacial system, Syndeo. LightStim Elipsa enhances the experience as well as treatment results.

Light Therapy Market Segmentation

By Light Type: Among all the light types, the blue light segment dominated the market, capturing a revenue share of around 42.8%. This dominance is attributed to blue light's effectiveness in treating various skin conditions, such as acne vulgaris, due to its anti-inflammatory properties and ability to kill bacteria. Additionally, technological advancements and the introduction of innovative products have made blue light therapy more accessible and popular, solidifying its leading position in the market.

By product type: Among all the product types, handheld devices segment is most widely used due to their increasing popularity and convenience. These portable devices offer users the flexibility to administer light therapy treatments at home or on the go, making them highly accessible and user-friendly. The growing demand for non-invasive and self-administered treatments for conditions such as skin disorders, sleep issues, and mood disorders is driving the adoption of handheld light therapy devices. Additionally, advancements in technology and design have made these devices more effective and efficient, further contributing to their dominance in the market.

By Application: Among all the applications, the sleep disorders segment held the largest market share in 2023. There are various conditions related to sleep disorders such as insomnia, hypersomnia, and sleep-disordered breathing. The aforesaid conditions are attributed to unhealthy lifestyles such as smoking, alcohol consumption, and more screen time.

By End User: The dermatology clinics is dominant as, the light therapy treatments are preferred by dermatologists because they offer patients a safe alternative to traditional methods, with minimal side effects and quick recovery times. The growing demand for cosmetic and therapeutic skin treatments has led to the widespread adoption of light therapy in dermatology clinics, making it a popular choice for both practitioners and patients.