Canada Light Therapy Market Size & Outlook, 2023-2030
Canada light therapy market, 2018-2030 (US$M)
Related Markets
Canada light therapy market highlights
- The Canada light therapy market generated a revenue of USD 41.5 million in 2023 and is expected to reach USD 59.7 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.4% 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 41.5 million |
| Market revenue in 2030 | USD 59.7 million |
| Growth rate | 5.4% (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, Canada accounted for 4.0% 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 North America, U.S. light therapy market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 59.7 million by 2030.
Handheld devices for skin treatment was the largest segment with a revenue share of 26.99% in 2023. Horizon Databook has segmented the Canada 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 presence of market players like Northern light technologies and other global players is expected to drive the market. According to the Canadian Dermatology Association, 20% of Canadians have acne, and approximately 1 million of the population have psoriasis.
These factors are expected to drive the market. In addition, strategic initiatives, such as mergers & acquisitions and new product launches, are expected to further drive the market. For instance, Northern light technologies have an alliance with Lumie and Physician Engineered Products.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Light Therapy Market Scope
Light Therapy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada light therapy market report size, by product, 2018-2030 (US$M)
Canada Light Therapy Market Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
