Light Therapy Devices: Global Markets

Report Highlights

The global market for light therapy devices should reach $841 million by the end of 2022 and should reach more than $1.4 billion by 2027, with a compound annual growth rate (CAGR) of 4.3% during the forecast period of 2022-2027.

Report Includes

• 15 data tables and 13 additional tables
• An updated overview of the global market for light therapy devices
• Analyses of the global market trends, with market revenue (sales data) from 2020 and 2021, estimates for 2022, and projections of compound annual growth rates (CAGRs) through 2027
• Highlights of the current and future market potential for light therapy devices, and areas of focus to forecast this market into various segments and sub-segments
• Evaluation and forecast the global light therapy devices market size, projected growth trends, and corresponding market share analysis by product category, light type, and geographic region
• Discussion of technological advancements in this innovation driven market, regulatory concerns, and increasing applications of light therapy in the treatment of seasonal affective disorder (SAD) and sleep-related disorders
• Review of patent grants for innovations in light therapy devices and applications
• In-depth information on increasing investments on R&D activities, key technology issues, industry specific challenges, major types of end-user markets, and COVID-19 impact on this market
• Identification of the major stakeholders and analysis of the competitive landscape based on recent developments and segmental revenues
• Updated information on key merger and acquisition deals, agreements, collaborations, product launches, achievements and partnerships within the marketplace
• Company profiles of major players within the industry, including Beurer, GlobalMed Technologies (GMT), Koninklijke Philips N.V., Lucimed and Verilux

Report Scope

This report examines the current and forecast market for light therapy devices. It discusses the market background, technological advances, competitive landscape, drivers and restraints and market growth trends. This report includes market projections through 2027, detailing the market share for light therapy devices by product and type of light.

By product, the market for light therapy devices is segmented into light boxes, lamps, light visors, dawn simulators, light bulbs, handheld light therapy devices, full-body light therapy devices and others. By light type, the market is segmented into white light, red light, blue light and others.

By geography, the market has been segmented into Europe, North America, Asia-Pacific (APAC) and Rest of the World (RoW). markets of major countries such as the U.S., Germany, Canada, the U.K., Spain, Italy, France, Japan, India and China are analyzed. For market estimates, data is provided for 2021 as the base year, 2022 and forecast through year-end 2027. Estimated values used are based on manufacturers’ total revenues. Projected and forecast revenue values are in constant U.S. dollars that have not been adjusted for inflation.

Analyst Credentials

BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.