Asia Pacific Light Therapy Market Size & Outlook, 2023-2030
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Asia Pacific light therapy market highlights
- The Asia Pacific light therapy market generated a revenue of USD 255.0 million in 2023.
- The market is expected to grow at a CAGR of 5.7% 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.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 255.0 million |
| Market revenue in 2030 | USD 375.4 million |
| Growth rate | 5.7% (CAGR from 2023 to 2030) |
| Largest segment | Handheld devices for skin treatment |
| Fastest growing segment | Handheld Devices for Skin Treatment |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Asia Pacific region accounted for 24.3% of the global light therapy market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 375.4 million by 2030.
Handheld devices for skin treatment was the largest segment with a revenue share of 26.9% in 2023. Horizon Databook has segmented the Asia Pacific 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 Asia Pacific region is a growing market for light therapy. Factors such as increased awareness about the benefits of light therapy and disposable income are driving the growth of the market in the region. According to the United Nations, the proportion of older people in the Asia Pacific region is expected to increase from 12% in 2019 to 27% in 2050.
In addition, the increasing adoption of light therapy devices in hospitals, clinics, and the home care segment is also driving the market. The market is expected to continue growing in the coming years with the increasing prevalence of sleep disorders and the rising adoption of light therapy devices in the treatment of skin conditions such as acne, psoriasis, and eczema.
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Light Therapy Market Scope
Light Therapy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Beurer | View profile | 501-1000 | Ulm, Baden-Wurttemberg, Germany, Europe | https://www.beurer.com/web/us/ |
| Koninklijke Philips NV | View profile | 73712 | Philips Center, Amstelplein 2, Amsterdam, Netherlands, 1096 BC | https://www.philips.com |
Asia Pacific light therapy market report size, by country, 2018-2030 (US$M)
Asia Pacific Light Therapy Market Share, 2023 & 2030 (US$M)
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