Australia Light Therapy Market Size & Outlook, 2023-2030
Australia light therapy market, 2018-2030 (US$M)
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Australia light therapy market highlights
- The Australia light therapy market generated a revenue of USD 7.2 million in 2023 and is expected to reach USD 8.4 million by 2030.
- The Australia market is expected to grow at a CAGR of 2.3% 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 7.2 million |
| Market revenue in 2030 | USD 8.4 million |
| Growth rate | 2.3% (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, Australia accounted for 0.7% 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 Asia Pacific, Japan light therapy market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 63.8 million by 2030.
Handheld devices for skin treatment was the largest segment with a revenue share of 27.78% in 2023. Horizon Databook has segmented the Australia 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.
Major market players such as Leredd, SYMBYX, and Philips are driving the market demand in the region. The manufacturers are investing in strategic initiatives like new product launches and R&D, which is anticipated to drive the market.
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Light Therapy Market Scope
Light Therapy Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia light therapy market report size, by product, 2018-2030 (US$M)
Australia Light Therapy Market Share, 2023 & 2030 (US$M)
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