Light Therapy Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Light Therapy Market is Segmented by Product Type (Light Box, Floor and Desk Lamps, Light Visor, Dawn Simulator, Light Therapy Bulbs, and Handheld Devices), Light Type (White Light, Blue Light, Red Light, and Others (Green and Yellow Light)), Application (Vitamin D Deficiency, Mental Health Disorders, Skin Disorders, and Neonatal Jaundice), End User (Dermatology Clinics, Home Care Settings, and Others (Workplace, Salons, etc.)) and Geography (North America, Europe, Asia-Pacific, Middle East and Arica and South America). The report offers the value (in USD million) for the above segments.

Market Snapshot

Light Therapy Market Size
Study Period: 2019-2027
Base Year: 2021
Fastest Growing Market: Asia-Pacific
Largest Market: North America
CAGR: 4.5 %

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Market Overview

The Light Therapy Market is expected to grow at a significant CAGR of 4.5% during the study period (2022-2027).

In recent times, countries have faced a huge threat of COVID-19. COVID-19 has a considerable effect on all major organ systems. According to the article “The Power of Blue Light – Phototherapy for Recovering From COVID-19,” published in April 2021, blue light therapy had a significant influence on the increase of β-endorphin levels, reduction of systolic blood pressure, improving endothelial function and arterial stiffness and hence, blue light therapy could be beneficial for a range of these persistent symptoms. With research studies depicting the advantages of blue light therapy in treating patients with COVID-19 applications, it was readily adopted, boosting the demand for light therapy products and services. With light therapy’s expanding benefits and applications, the market is expected to grow post-COVID-19.

The factors propelling the studied market growth are the growing burden of skin-related disorders, mental health disorders, rising investments, increasing product launches, growing research and development activities, and the adoption of key strategies by major market players.

The growing burden of mental health disorders such as depression, anxiety disorders, Alzheimer’s diseases, and others is increasing the demand for its therapeutics, and light therapy is used to treat such disorders. For instance, as per the article published by World Health Organization (WHO) in September 2021, depression is a common mental disorder, and it is estimated that 5.0% of adults suffer from depression globally. It is one of the leading causes of disability worldwide. Increasing usage of light therapy in treating depression and a high prevalence of these diseases will propel the market.

The key strategies adopted by major players, such as mergers, acquisitions, partnerships, investments, and technological innovation, will lead to lucrative market growth. For instance, in March 2022, 10X Health System partnered with DaVinci Medical to bring the Superhuman Protocol to the market. The Superhuman Protocol allows the clients to experience a whole-body 360 solution to restore a lifetime of neglect and naturally boost health and performance. This protocol is designed in three steps, including the Thera Light therapy bed to accelerate the production of Adenosine Triphosphate (ATP). Thus, partnerships boosting product innovation will lead the market towards growth.

Additionally, in November 2021, PHLECS received EUR 50,000 grant from Metropoolregio Eindhoven to initiate the development project of a new generation of phototherapy blue light – UV-free medical device: the Full Body Home Connected. This device can capture patient biomedical data for personalized treatment and enable future artificial intelligence-based services. Thus, huge investments in the studied market indicate that market has huge potential for innovation and growth, thus driving the market during the study period.

Therefore, owing to the aforementioned factors, the studied market is expected to grow significantly during the study period. However, increasing side effects associated with light therapy and product recalls are expected to hinder the market growth during the study period.

Scope of the Report

As per the report's scope, light therapy or phototherapy is a method recognized by scientific medicine to treat various diseases. It includes exposure to outdoor daylight or specific indoor artificial light sources. The Light Therapy Market is Segmented by Product Type (Light Box, Floor, and Desk Lamps, Light Visor, Dawn Simulator, Light Therapy Bulbs, and Handheld Devices), by Light Type (White Light, Blue Light, Red Light, and Others (Green and Yellow Light)), by Application (Vitamin D Deficiency, Mental Health Disorders, Skin Disorders, and Neonatal Jaundice), by End User (Dermatology Clinics, Home Care Settings, and Others (Workplace, Salons, etc.)) and Geography (North America, Europe, Asia-Pacific, Middle East and Arica and South America). The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (USD million) for the above segments.

By Product Type
Light Box
Floor and Desk Lamps
Light Visor
Dawn Simulator
Light Therapy Bulbs
Handheld Devices
By Light Type
White Light
Blue Light
Red Light
Others (Green and Yellow Light)
By Application
Vitamin D Deficiency
Mental Health Disorders
Skin Disorders
Neonatal Jaundice
By End User
Dermatology Clinics
Home Care Settings
Others (Workplace, Salons, etc.)
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Red Light Segment is Expected to Account for the Largest Market Share During the Forecast Period

Red light therapy (RLT) or photobiomodulation is an emerging treatment showing promise in treating wrinkles, redness, acne, scars, and other signs of aging. This therapy is not toxic, not invasive, and not as harsh as some topical skin treatments. Red light therapy (RLT) is a treatment that uses low wavelength red light to reportedly improve the skin’s appearance and treat other medical conditions.

Launching new red light therapy products and services, increased adoption of RLT, huge investments, adoption of key strategies by major players, and rising research and development studies are expected to boost the studied market.

In October 2021, Lifepro launched its Red Light Therapy line to provide access to non-invasive wellness care at a competitive price. Each product targets different points on the body to provide a full suite of support for various ailments and wellness goals. Such launches of therapies by market players increase accessibility and thus boosts the market's growth.

Adopting key strategies such as partnerships and collaborations, investments, and others by major players will boost the studied segment. For instance, in February 2022, UFC Performance Institute and GameDay Ready Recovery Zone entered into a partnership to provide red light therapy to all UFC athletes, which will help in enhancing their performance. Red light helps return the body to optimal performance at a cellular level by Increasing adenosine triphosphate (ATP) production and reducing oxidative stress following challenging workouts.

In February 2022, the Arizona Coyotes partnered with Mito Red Light Inc., an Arizona-based company that develops red light therapy products to support recovery, performance, and overall health and wellness. Thus, the ready adoption of red-light therapy in various areas will drive the market growth significantly.

Additionally, rising research and development studies proving the efficacies of red light therapy in various diseases will boost the market studies. For instance, as per clinicaltrials.gov, a study was initiated by Zhongshan Ophthalmic Center, Sun Yat-sen University, in March 2021 to evaluate the adjunctive effect of repeated low-level red-light therapy (RLRL) and orthokeratology (ortho-k) on myopia control in ortho-k non-responders who have undergone ortho-k treatment but were still experiencing fast myopia progression. Thus, results from such research studies will increase its adaptability, leading to lucrative market growth.

Thus, due to the above-mentioned factors, the studied segment is expected to contribute to the significant growth of the market.

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North America is Expected to Hold a Significant Share in the Market and Expected to do Same Over the Forecast Period

The primary driving factors for the growth of the North American light therapy market are the growing burden of mental health and skin-related disorders, growing research and development activities, increasing investments, rising product launches, and key initiatives taken by the key market players.

The rising burden of skin-related disorders such as acne vulgaris, psoriasis, vitiligo, and others is expected to boost the light therapy market as they treat these disorders. According to a Medscape article published in August 2021 titled "How common is acne vulgaris in the United States?" acne is the most common skin condition in the United States, affecting 50 million people each year. Acne vulgaris affects 80% of people in the United States at some point. Severe acne affects 20% of people, causing long-term physical and mental scarring. Thus, the high prevalence of acne vulgaris is expected to boost the market growth in the country.

Launching the region's light therapy products and services will also drive the market significantly. For instance, in November 2021, Vital Red Light launched a new collection of at-home, professional-grade red and near-infrared light therapy devices, which will provide patients the accessibility to light therapy treatments from the comfort of their zone. Additionally, in February 2022, Oralucent launched its multi-patented, blue, and red-light emitting phototherapy toothbrush to address whitening and other common dental concerns safely and effectively.

Moreover, strategies such as rising partnerships and increasing investments by major players in the market will also boost innovation in the region, thereby boosting the market in the region. For instance, in October 2021, Zerigo Health received USD 43 million in the funding round led by 7wireVentures. This will help Zerigo in scaling up the availability of its phototherapy system and allow it to reach an even greater percentage of people living with chronic skin conditions in the United States.

The positive results from the research activities in the region will also drive the market significantly. For instance, as per Clinicaltrials.gov, a study was initiated by Portland VA Medical Center and Oregon Health and Science University in April 2022 and is estimated to be completed by August 2026. This study aimed to assess the feasibility and preliminary efficacy of morning bright light therapy to improve sleep in Veterans with traumatic brain injury.

Therefore, the studied market is expected to lead to lucrative growth in North America due to the above-mentioned factors.

Light Therapy Market Share

Competitive Landscape

The studied market is fragmented and moderately competitive. Key strategies such as collaborations, mergers and acquisitions, partnerships, and investments, among others, are readily adopted by key market players, boosting the market. The major players in the market include Koninklijke Philips N.V., Verilux, Inc., Northern, Light Technologies, Beurer, and Zepter International, among others.

Recent Development

  • In February 2022, STRATA Skin Sciences, Inc. announced the commercial launch of its next-generation excimer laser system, XTRAC Momentum 1.0. The XTRAC excimer laser technology allows for the precise delivery of targeted UVB light therapy to specific treatment areas of the skin for both adult and pediatric patients suffering from inflammatory skin conditions such as psoriasis, atopic dermatitis, and vitiligo.
  • In January 2022, Bilihome closed the new funding round led by Health Innovations and Oost NL, which aimed to support the market launch of a smart, wearable light therapy device for jaundice, a condition that affects 10% of all newborns.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Growing Burden of Skin and Mental Health Disorders

      2. 4.2.2 Increasing Research and Development Activities

    3. 4.3 Market Restraints

      1. 4.3.1 Increasing Side Effects Due to Light Therapy and Product Recalls

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size by Value - in USD Million)

    1. 5.1 By Product Type

      1. 5.1.1 Light Box

      2. 5.1.2 Floor and Desk Lamps

      3. 5.1.3 Light Visor

      4. 5.1.4 Dawn Simulator

      5. 5.1.5 Light Therapy Bulbs

      6. 5.1.6 Handheld Devices

    2. 5.2 By Light Type

      1. 5.2.1 White Light

      2. 5.2.2 Blue Light

      3. 5.2.3 Red Light

      4. 5.2.4 Others (Green and Yellow Light)

    3. 5.3 By Application

      1. 5.3.1 Vitamin D Deficiency

      2. 5.3.2 Mental Health Disorders

      3. 5.3.3 Skin Disorders

      4. 5.3.4 Neonatal Jaundice

    4. 5.4 By End User

      1. 5.4.1 Dermatology Clinics

      2. 5.4.2 Home Care Settings

      3. 5.4.3 Others (Workplace, Salons, etc.)

    5. 5.5 Geography

      1. 5.5.1 North America

        1. 5.5.1.1 United States

        2. 5.5.1.2 Canada

        3. 5.5.1.3 Mexico

      2. 5.5.2 Europe

        1. 5.5.2.1 Germany

        2. 5.5.2.2 United Kingdom

        3. 5.5.2.3 France

        4. 5.5.2.4 Italy

        5. 5.5.2.5 Spain

        6. 5.5.2.6 Rest of Europe

      3. 5.5.3 Asia-Pacific

        1. 5.5.3.1 China

        2. 5.5.3.2 Japan

        3. 5.5.3.3 India

        4. 5.5.3.4 Australia

        5. 5.5.3.5 South Korea

        6. 5.5.3.6 Rest of Asia-Pacific

      4. 5.5.4 Middle-East and Africa

        1. 5.5.4.1 GCC

        2. 5.5.4.2 South Africa

        3. 5.5.4.3 Rest of Middle-East and Africa

      5. 5.5.5 South America

        1. 5.5.5.1 Brazil

        2. 5.5.5.2 Argentina

        3. 5.5.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Koninklijke Philips N.V.

      2. 6.1.2 Verilux, Inc.

      3. 6.1.3 Northern Light Technologies

      4. 6.1.4 Beurer

      5. 6.1.5 Zepter International

      6. 6.1.6 PhotoMedex, Inc.

      7. 6.1.7 Nature Bright

      8. 6.1.8 Lucimed SA

      9. 6.1.9 Carex

      10. 6.1.10 Lumie

      11. 6.1.11 Revian, Inc.

      12. 6.1.12 BioPhotas

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape Covers - Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Global Light Therapy Market market is studied from 2019 - 2027.

The Global Light Therapy Market is growing at a CAGR of 4.5% over the next 5 years.

Asia-Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

Koninklijke Philips N.V., Verilux, Inc., Northern Light Technologies, Beurer, Zepter International are the major companies operating in Global Light Therapy Market.

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