Argentina Light Therapy Market Size & Outlook, 2023-2030
Argentina light therapy market, 2018-2030 (US$M)
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Argentina light therapy market highlights
- The Argentina light therapy market generated a revenue of USD 15.9 million in 2023 and is expected to reach USD 20.7 million by 2030.
- The Argentina market is expected to grow at a CAGR of 3.9% from 2024 to 2030.
- In terms of segment, handheld devices for skin treatment was the largest revenue generating product in 2023.
- Handheld Devices for Skin Treatment is the most lucrative product segment registering the fastest growth during the forecast period.
Light therapy market data book summary
| Market revenue in 2023 | USD 15.9 million |
| Market revenue in 2030 | USD 20.7 million |
| Growth rate | 3.9% (CAGR from 2023 to 2030) |
| Largest segment | Handheld devices for skin treatment |
| Fastest growing segment | Handheld Devices for Skin Treatment |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Light Box, Floor and Desk Lamps, Light Therapy Lamps, Handheld Devices for Skin Treatment, Light Visor, Dawn Simulator |
| Key market players worldwide | Koninklijke Philips NV, Beurer |
Other key industry trends
- In terms of revenue, Argentina accounted for 1.5% of the global light therapy market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil light therapy market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 55.8 million by 2030.
Handheld devices for skin treatment was the largest segment with a revenue share of 27.04% in 2023. Horizon Databook has segmented the Argentina light therapy market based on light box, floor and desk lamps, light therapy lamps, handheld devices for skin treatment, light visor, dawn simulator covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing prevalence of skin-related disorders is expected to drive the market in this region. The market is in early stages of development, and the use of light therapy is not as common as in other developed countries, with a limited number of specialized clinics and retail outlets offering light therapy products & services.
However, with an increase in awareness about the benefits of light therapy, the market is expected to grow over the forecast period.
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Light Therapy Market Scope
Light Therapy Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina light therapy market report size, by product, 2018-2030 (US$M)
Argentina Light Therapy Market Share, 2023 & 2030 (US$M)
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