GITNUX MARKETDATA REPORT 2024

Light Therapy Industry Statistics

The light therapy industry is expected to experience steady growth due to increasing awareness of its benefits for mental health, skincare, and sleep disorders.

With sources from: grandviewresearch.com, fortunebusinessinsights.com, gminsights.com, marketresearchfuture.com and many more

Statistic 1

The global Light Therapy Market size was valued at USD 811.8 million in 2020.

Statistic 2

It is expected to expand at a compound annual growth rate (CAGR) of 5.1% from 2021 to 2028.

Statistic 3

The North America dominated the light therapy market with a share of 37.6%in 2020.

Statistic 4

By product, the light box segment accounted for the largest revenue share of more than 32.0% in 2020.

Statistic 5

The seasonal affective disorder segment accounted for the largest revenue share of 56.0% in 2020.

Statistic 6

Europe recorded the second-largest market share in 2019, which was over 30%.

Statistic 7

The light therapy market in Asia Pacific is expected to grow at the highest CAGR of 5.9% from 2021 to 2027.

Statistic 8

Home-use segment is anticipated to witness the fastest CAGR of 5.8% during the forecast period.

Statistic 9

The offline distribution channel dominated the market and accounted for more than 77.0% share of the global revenue in 2020.

Statistic 10

The online distribution channel is projected to witness the fastest growth over the forecast period.

Statistic 11

The Blue light segment is anticipated to reach USD 375.5 million by 2027.

Statistic 12

The Red Light segment held the highest market share of about 39.6% in 2020.

Statistic 13

Full body light therapy devices market accounted for over 48% revenue share in 2019.

Statistic 14

Hand-held devices for light therapy accounted for 20.2% market share in 2020.

Statistic 15

The skincare problems segment is expected to expand at the highest CAGR of 5.7% over the forecast period.

Statistic 16

In 2020, the dermatology clinics segment accounted for the largest revenue share of over 33.3%.

Statistic 17

Psoriasis treatment is expected to register the highest CAGR of 5.5% from 2021 to 2028.

Statistic 18

The Light Therapy market in Middle East & Africa was valued at USD 47.1 million in 2020.

Statistic 19

The global light therapy market size is projected to surpass US$ 1 billion by 2026.

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In this post, we explore key statistics outlining the global landscape of the light therapy industry. From market size and growth rates to regional dominance and product segments, these figures provide a comprehensive overview of the evolving trends and projections shaping the industry’s trajectory.

Statistic 1

"The global Light Therapy Market size was valued at USD 811.8 million in 2020."

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Statistic 2

"It is expected to expand at a compound annual growth rate (CAGR) of 5.1% from 2021 to 2028."

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Statistic 3

"The North America dominated the light therapy market with a share of 37.6%in 2020."

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Statistic 4

"By product, the light box segment accounted for the largest revenue share of more than 32.0% in 2020."

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Statistic 5

"The seasonal affective disorder segment accounted for the largest revenue share of 56.0% in 2020."

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Statistic 6

"Europe recorded the second-largest market share in 2019, which was over 30%."

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Statistic 7

"The light therapy market in Asia Pacific is expected to grow at the highest CAGR of 5.9% from 2021 to 2027."

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Statistic 8

"Home-use segment is anticipated to witness the fastest CAGR of 5.8% during the forecast period."

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Statistic 9

"The offline distribution channel dominated the market and accounted for more than 77.0% share of the global revenue in 2020."

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Statistic 10

"The online distribution channel is projected to witness the fastest growth over the forecast period."

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Statistic 11

"The Blue light segment is anticipated to reach USD 375.5 million by 2027."

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Statistic 12

"The Red Light segment held the highest market share of about 39.6% in 2020."

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Statistic 13

"Full body light therapy devices market accounted for over 48% revenue share in 2019."

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Statistic 14

"Hand-held devices for light therapy accounted for 20.2% market share in 2020."

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Statistic 15

"The skincare problems segment is expected to expand at the highest CAGR of 5.7% over the forecast period."

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Statistic 16

"In 2020, the dermatology clinics segment accounted for the largest revenue share of over 33.3%."

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Statistic 17

"Psoriasis treatment is expected to register the highest CAGR of 5.5% from 2021 to 2028."

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Statistic 18

"The Light Therapy market in Middle East & Africa was valued at USD 47.1 million in 2020."

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Statistic 19

"The global light therapy market size is projected to surpass US$ 1 billion by 2026."

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Interpretation

In conclusion, the global light therapy market is on a steady growth trajectory, with significant market size and projected expansion in the coming years. North America currently leads the market, with a notable presence in segments such as light boxes and seasonal affective disorder treatments. However, regions like Asia Pacific show promising growth potential, especially in the home-use segment. The market is witnessing advancements in product offerings such as blue and red light therapy devices, as well as a shift towards online distribution channels. With increasing focus on skincare and dermatology applications, along with anticipated growth in segments like psoriasis treatment, the light therapy industry is poised for significant developments and a potential market value surpassing US$ 1 billion by 2026.

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