Market Size (2018)
2018
$824.95M
Vertical: HealthcareBase Year: 202112 Sections
Market Size (2018)
2018
$824.95M
Projected (2030)
2030
$1.40B
CAGR (2018–2030)
4.5%
4.5%Key Players
102+
The growth of the global light therapy market is attributed to the growing preference of patients toward non-invasive procedures, growing concern about mental health and rising demand for various depression therapies, and a rising number of strategic initiatives. However, side effects and risk associated with light therapy and lack of awareness among people is anticipated to hamper the market growth.
The Light Therapy Market market is projected to grow at a CAGR of 4.5% from 2018 to 2030.
Historical performance and future projections (2020–2030, USD Billion)
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View Subscription PlansLight therapy, often known as phototherapy, is a method of medical care that uses artificial lighting. It is primarily used to treat seasonal affective disorder, a form of seasonal depression. This treatment compensates for the patient's lack of sun exposure, which is a leading cause of the disease. The light source simulates natural sunlight to assist with rehabilitation. Additionally, many different types of depression and sleep disorders are treated by light therapy. The amount of light utilized in treatment is determined using lux gauges, a unit of measurement.
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View Subscription PlansThis report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.
Base Year
2021
Historical Period
2018 – 2021
Forecast Period
2021 – 2030
Primary Interviews
150+
Historical data (2018–2021) and forecast period (2021–2030)
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
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View Subscription PlansThreat of New Entrants
The threat of new entrants in the light therapy market is moderate throughout the forecast period. Any light therapy company trying to enter the market is required to accept the mandatory regulatory standards. Moreover, the market is also characterized by a reasonable degree of brand loyalty, where establishing a brand name is difficult for newcomers. Therefore, the cost involved in the R&D of a product is comparatively high, which does not allow new players to enter the market easily.
Bargaining Power of Suppliers
The bargaining power of suppliers in the light therapy market is moderate. Suppliers in this market are mainly photodynamic therapy companies who invest in artificial intelligence therapies. However, the bargaining power of suppliers is a crucial factor in the light therapy market that determines the industry's strength. Major market players have large R&D budgets and are fully capable of producing each component in-house, which creates a competitive edge on pricing. Also, another factor that affects the bargaining power of suppliers is the number of raw material suppliers.
Threat of Substitutes
The threat of substitutes in the light therapy market is low during the forecast period. The market is facing substantial barriers such as a lack of insurance coverage for light-delivery devices, a smaller number of alternative products, concern regarding side effects, and a lack of awareness. Additionally, many large and medium-scale companies manufacture various types of equipment for light therapy. Some companies even provide their products at low prices to sustain themselves in this highly competitive market.
Bargaining Power of Buyers
The bargaining power of buyers is moderate in the light therapy market. The major buyers in the market are pharmaceutical companies, hospitals & clinics, and dermatology clinics. Moreover, these buyers have various choices due to the presence of many producers and suppliers in the market. Therefore, the high concentration of buyers and the significant presence of suppliers increase the bargaining power of buyers to some extent.
Intensity of Rivalry
The degree of competition in the light therapy market is high. Many private and public companies compete and put pressure on one another, ultimately minimizing profit. To overcome the competition, players engage in partnerships, collaborations, and acquisitions with start-ups to expand their offerings, and reduce competition to capture a high customer base. In addition, many players increasingly investing in brand marketing to differentiate their brands from competitors. This, in turn, presents opportunities for the market players to expand their regional presence and increase market share.
Market estimates by geography (2030)
InsightNorth America leads with $521.27M by 2030, while Asia Pacific is projected to grow fastest at a 6.4% CAGR.
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View Subscription Plans| REGION | 2018 | 2021 | 2030 | CAGR | SHARE |
|---|---|---|---|---|---|
| North America | $299.62M | $373.34M | $521.27M | 4.7% | 37% |
| Europe | $238.83M | $279.85M | $366.78M | 3.6% | 26% |
| Asia Pacific | $155.70M | $214.99M | $329.41M | 6.4% | 24% |
| Rest of the World | $130.81M | $146.77M | $181.92M | 2.8% | 13% |
| Total | $824.96M | $1.01B | $1.40B | 4.5% | 100% |
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View Subscription PlansTotal Market Size
$1.40B
| APPLICATION | REVENUE ($B) | GROWTH RATE | MARKET PENETRATION |
|---|---|---|---|
| Handheld Devices for Skin Treatment (HDST) | $400.19M | 4.5% | 85% |
| Floor & Desk Lamps | $367.11M | 4.5% | 77% |
| Light Box | $322.96M | 4.5% | 60% |
| Light Therapy Bulbs | $112.40M | 4.5% | 47% |
| Light Visor | $81.38M | 4.5% | 89% |
| Dawn Simulator | $58.25M | 4.5% | 89% |
* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.
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Analytical insights on Light Therapy Market covering market dynamics, competitive landscape, and strategic outlook.
The Light Therapy Market market is projected to reach $1.40B by 2030, growing at 4.5% CAGR. The Handheld Devices for Skin Treatment (HDST) segment holds the largest share.
Light therapy or phototherapy is a treatment type where the patient is exposed to an artificial light source. It mainly affects brain chemicals linked to mood and sleep, and also helps to reset the circadian rhythms, which control the sleep-wake cycle. This therapy is used in the treatment of various disorders, including depression, sleep disorders, jet lag, and Seasonal Affective Disorder (SAD). Factors such as the growing preference of patients toward non-invasive procedures are one of the major factors driving the growth of the light therapy market. Likewise, the rising number of strategic initiatives is further fueling the growth of the market during the review period. However, side effects and risk associated with light therapy is expected to hamper the growth of the light therapy market. Nevertheless, technological advancement in light therapy is anticipated to create lucrative opportunities for the players operating in the light therapy market.
Increasing preference for non-invasive treatment for acne that uses blue light to kill bacteria on the skin is driving the light therapy market growth. Blue LED light has a shorter wavelength and is used for impeding the growth of acne-causing bacteria. It is also used for sun damage, premalignant or malignant skin cancer prevention, and removing cancerous skin lesions. Therefore, more and more patients are shifting their preference toward non-invasive procedures for the treatment of different diseases.
Additionally, minimally invasive or non-invasive procedures enable surgeons to use techniques that help to limit the size and number of cuts or incisions they need to make. Also, it is safer than conventional open surgery as it provides faster recovery and less time in the hospital. Hence, light therapy is a non-invasive procedure used for cancer, acne vulgaris, wound healing, skin conditions, psoriasis, vitiligo, and seasonal affective disorder.
Technological advancements in the field of light therapy coupled with rising inclination towards light therapy treatment are positively impacting the industry's growth. With the applications to treat seasonal affective disorder, light therapy has become more and more advanced in the recent past. It has improved seasonal affective disorder and depression and also has helped to prevent wrinkles and stop hair loss. Fast-moving research in the field decodes the healing effects of light on the human body. Medical-grade LED technology is the most efficient use of energy, and the highest quality of light delivered for broad coverage applications with no patient compromises.
Side effects and risks associated with light therapy have a detrimental influence on the growth of the light therapy industry. Even though most of light therapy treatments are safe with no side effects, such as red-light therapy and white light therapy, some of the applications have side effects. For instance, the use of blue light to treat skin conditions can lead to side effects like infection, skin redness, severe skin burning, blistering, and pain, or development of new symptoms. According to NYU Langone Health, side effects of phototherapy happen frequently but go away quickly. Similarly, according to the National Centre for Biotechnology Information, the use of high-intensity light for the treatment of neurological disorders such as bipolar and multiple sclerosis can lead to post-treatment side effects such as headache, irritability, eye strain, nausea, cough, dizziness. Moreover, the usage of light therapy in people with drug-resistant non-seasonal depression can result in a hyperactive state called mania. Additionally, there are limitations of patients having macular degeneration and sensitive skin for undergoing light therapy. This is further restrained by the high costs of undergoing complete treatments and lack of consistent results. Therefore, such factors contribute to restraining the growth of the light therapy market over the forecast period.
As the coronavirus emergency directed a lockdown of strictly following the social distancing rules, the result was a significant increase in demand for light therapy across many sectors, mainly to the healthcare sector. The main factor responsible for the growing demand for light therapies is the increase in cases of depression since the lockdown period. For instance, according to World Health Organization (WHO) in 2021, the prevalence of depression grew by 25% across the globe. As a result, the COVID-19 outbreak is anticipated to accelerate the light therapy market growth, which will have a positive effect on the market.
Impact on Value Chain
The COVID-19 pandemic has positively impacted the growth of the light therapy market as the visits to hospitals for medical consultation increased due to the increasing cases of depression, anxiety, and insomnia, among COVID-19 patients. For instance, according to the article published in Lancet Psychiatry, in November 2020, around 57,476 COVID-19 patients showed symptoms of anxiety, depression, and insomnia. The COVID-19 pandemic also increased the demand for home care settings to reduce potentially infected individuals and it made it easier to consult healthcare providers. Thus, COVID-19 has had a positive impact on the light therapy market.
Impact on Supply Chain
The pandemic has impacted the business environment for several organizations. The supply chain in the light therapy market is the key to fulfilling customer demands. In addition, due to the pandemic, the imposed import and export limitations. This has affected the healthcare industry as many countries are dependent on the US and other countries for raw material supply and technology. Raw materials required for manufacturing products and other raw materials had a shortage due to trade barriers that hampered the market. COVID-19 significantly disrupted the light therapy industry in 2020, as the production and supply chain of light therapy products have been restricted due to the lockdowns.
Impact on Market Growth
The COVID-19 pandemic has created growth possibilities for companies that operate in the light therapy market. They are engaged in conducting clinical trials for determining the safety and efficacy of light therapy on the recovery of COVID-19 patients. For instance, in October 2020, Vielight Inc. initiated clinical trials for testing whether photobiomodulation, that is a combination of intranasally-delivered LED-based red light and LED-based near-infrared (NIR) light to the body, accelerated the recovery of COVID-19 patients. However, this research is based on the finding that photobiomodulation leads to the activation of the immune system and reduces inflammation. Thus, photobiomodulation is effective in inhibiting the replication of coronaviruses. Such research and development activities are expected to support the growth of the market in the upcoming period.
Profiles of 102 companies operating in the Light Therapy Market market, including revenue, employee count, and market positioning where available.
Showing 102 of 102 companies
Nushape
Company Headquarters: Williston, Vermont Founded: 2015 Workforce: ~ 50 Company Working: Nushape is a leading company for light therapy and offers state-of-the-art body care for reducing pain, and skin rejuvenation. Nushape's lipo-alternative technology uses FDA-approved red-light therapy to release toxins and shrink fat cells. Moreover, Nushape also has modes that promote skin cellular repair and healing for pain relief and inflammation. LED light therapy delivers light energy to tissues and cells in the same way that plants absorb sunlight. UV-free, beneficial light rays energize cells and stimulate the body's natural process of protein synthesis and cell regeneration to relieve arthritic, muscle, and joint pain, reduce inflammation and stiffness, increase blood circulation, healing time, and can even help with mood disorders and cognitive function.
BioPhotas
Company Headquarters: California, US Founded: 2007 Workforce: 50 Company Working: BioPhotas is a medical device company registered with the FDA, is the manufacturer of the Celluma range of light therapy devices and is the global market leader in therapeutic LED light therapy. The company offers light energy products that treat conditions of the skin, muscles, and joints using specialized photo-modulation technology. The Celluma, its primary device, was released in July 2012 and has seven FDA-approved applications. It offers a risk-free, non-invasive 30-minute therapy that aids in skin care. Moreover, The Celluma series of light therapy devices has won more than 40 international awards and now has more regulatory credentials than any other LED device in the world. It is legally registered for sale in 78 countries around the globe.
Lumie
Company Headquarters: California, US Founded: 1991 Workforce: 50 Company Working: Lumie has been designing and developing light therapy lamps for over 30 years. The company's products are masterfully crafted to regulate the body's natural circadian cycles, offering the best user experience and prompt results. The Lumie lamps produce observable advantages right away and for many years to come since they are based on decades of scientific research into circadian health, SAD, sleep, light design, and technology. With the help of Lumie light therapy lamps, such as wake-up lights and daylight lamps, people's brains can be trained to the 24-hour light-dark cycle, especially when they are confined to their homes and receive little natural light or when the mornings are dark and the days are short, as in the fall and winter. It has business operations across Europe and US.
MEDISANA GMBH
Company Headquarters: Neuss, Germany Founded: 1981 Workforce: 200 Company Working: MEDISANA GMBH manufactures home healthcare products for over 40 years. The company offers blood pressure, heart, pulse, and temperature monitors, inhalation devices, water massage devices, orthopedic pillows, air and mineral water baths, electrical acupuncture pain therapy equipment, hand, and foot maintenance devices. Additionally, the organization is committed to providing products to improve people's health and has a motto of "Your health in good hands." to garner confidence among its customers. Medisana is a leader in the movement toward mobile health management and provides products with a focus on the future for people living in today's increasingly networked society. It has business operations across Europe, the Middle East & Africa, and Asia.
Nature Bright
Company Headquarters: California, US Founded: 2001 Workforce: 50 Company Working: Nature Bright is an online store that sells a wide range of mood-boosting light therapy and dawn simulation products. The majority of Nature Bright's operations are located in the US. Nature Bright is listed as the key player for medical wellness devices among many fortune 500 companies by the global banking and finance review. Nature Bright has been helping carry people through challenging times and toward a brighter future. In addition, the company partnered with Harvard University researchers to develop this truly human-centric lighting fixture. The company distributes its therapy products across the US.
PhotoMedex
Company Headquarters: Pennsylvania, US Founded: 1987 Workforce: ~ 200 Company Working: PhotoMedex is a global skin health company providing integrated disease management and aesthetic solutions to dermatologists, professional aestheticians, and consumers. The company provides proprietary products and services that address skin diseases and conditions including psoriasis, vitiligo, acne, actinic keratosis (a precursor to certain types of skin cancer), and photo damage. It also offers the first excimer laser system that has been approved by the FDA for the treatment of skin disorders like vitiligo and psoriasis, and leukoderma.
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Light Therapy Market