Light Therapy Market 2023 – Size, Industry Growth Rate, Top Trends, Major Players And Forecast To 2032 | Verilux Inc., Koninklijke Philips N.V, Zepter International, Beurer GmbH, NATUREBRIGHT

The Light Therapy Global Market Report 2023, provides comprehensive information on the light therapy market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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According to The Business Research Company’s enlightening Light Therapy Global Market Report for 2023, an anticipated expansion is forecasted in the market dimensions. It is projected to ascend from a noteworthy $1.12 billion in 2022 to an estimated $1.18 billion in 2023, reflecting a commendable compound annual growth rate (CAGR) of 4.86%. However, the specter of the Russia-Ukraine conflict looms large, disrupting the trajectory of global economic recuperation post the COVID-19 pandemic, particularly in the immediate future.

The ongoing war has spawned economic sanctions on various nations, an upsurge in commodity prices, and consequential supply chain disruptions. These cascading effects have led to inflationary pressures impacting diverse sectors worldwide. Despite these challenges, the light therapy market is resilient, and its global size is anticipated to burgeon to a substantial $1.43 billion by 2027, demonstrating a robust CAGR of 5.09%. This augurs well for the industry’s sustained growth amid a dynamically evolving global landscape.

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The surge of technological advancements stands as a predominant trend within the burgeoning light therapy market. Esteemed market players are strategically channeling their resources towards the integration of cutting-edge technologies to fortify their market standing. A compelling illustration of this forward momentum is evident in the activities of LightStim®, a distinguished US-based manufacturer specializing in LED-based devices.

In a noteworthy development in June 2022, LightStim® unveiled Elipsa™, a paradigm-shifting HydraFacial system designed to address wrinkles, pain, and acne. Positioned as the maiden LightStim® device to offer dual treatment modes targeting both wrinkles and acne, Elipsa™ exemplifies a pinnacle of efficacy and results-driven therapy. Leveraging the innovative LightStim MultiWave® patented technology alongside medical-grade LEDs, Elipsa™ provides a serene and rejuvenating experience, fostering tangible benefits.

This groundbreaking device is meticulously crafted, boasting more than double the number of LEDs intricately connected to the HydraFacial Syndeo. This wireless linkage not only enhances treatment analytics but also ensures a tailored approach to cater to the diverse needs of customers. Elipsa™ represents a convergence of technological prowess and customer-centric design, epitomizing the commitment of market leaders to advancing therapeutic solutions in the dynamic landscape of light therapy.

The light therapy market is segmented:

1) Light Therapy Market By Product: Light Box, Floor And Desk Lamps, Handheld Devices For Skin Treatment, Light Visor, Dawn Simulator, Light Therapy Lamps, Other Products

2) Light Therapy Market By Light Type: White Light, Blue Light, Red Light, Other Light Types

3) Light Therapy Market By Application: Psoriasis, Vitiligo, Eczema, Acne Vulgaris, SAD/Winter Blues, Sleeping Disorders, Other Applications

4) Light Therapy Market By End User: Homecare Setting, Hospital, Dermatology Clinics, Other End Users

Top Major Players

Verilux Inc.

Koninklijke Philips N.V

Zepter International

Beurer GmbH

NATUREBRIGHT

North America was the largest region in the light therapy market in 2022.

The table of contents in TBRC’s light therapy market report includes:

1. Executive Summary

2. Light Therapy Market Characteristics

3. Light Therapy Market Trends And Strategies

4. Light Therapy Market – Macro Economic Scenario

5. Light Therapy Market Size And Growth

……

26. Africa Light Therapy Market

27. Light Therapy Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Light Therapy Market

29. Light Therapy Market Future Outlook and Potential Analysis

30. Appendix

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List Of Tables

Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Light Therapy Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Light Therapy Market, Segmentation By Light Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Light Therapy Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

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Table 47: Verilux Inc. Financial Performance
Table 48: Koninklijke Philips N.V Financial Performance
Table 49: Zepter International Financial Performance
Table 50: Beurer GmbH Financial Performance
Table 51: NATUREBRIGHT Financial Performance

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