India Light Therapy Market Size & Outlook, 2023-2030
India light therapy market, 2018-2030 (US$M)
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India light therapy market highlights
- The India light therapy market generated a revenue of USD 40.6 million in 2023 and is expected to reach USD 63.8 million by 2030.
- The India market is expected to grow at a CAGR of 6.7% 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.
Light therapy market data book summary
| Market revenue in 2023 | USD 40.6 million |
| Market revenue in 2030 | USD 63.8 million |
| Growth rate | 6.7% (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, India accounted for 3.9% 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 26.11% in 2023. Horizon Databook has segmented the India 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 cases of various skin conditions in the region are expected to drive the market in the region. According to the Indian Journal of Dermatology, Venereology and Leprology, there was an increase of 53.7% in skin-related disorders from 1990 to 2017.
This is anticipated to increase the imports and manufacturing of light therapy devices in the region. The increasing prevalence of mental health disorders, such as depression, SAD, and insomnia, is one of the major factors driving the growth of the market.
In addition, increasing awareness about the benefits of light therapy and the growing number of people suffering from sleep disorders are also expected to contribute to the growth of the market. However, the high cost of light therapy equipment and lack of reimbursement policies in India are expected to impede the growth of the market.
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Light Therapy Market Scope
Light Therapy Market Companies
| Name | Profile | # Employees | HQ | Website |
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India light therapy market report size, by product, 2018-2030 (US$M)
India Light Therapy Market Share, 2023 & 2030 (US$M)
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