Market revenue in 2023 | USD 26.7 million |
Market revenue in 2030 | USD 36.0 million |
Growth rate | 4.3% (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 |
Handheld devices for skin treatment was the largest segment with a revenue share of 26.22% in 2023. Horizon Databook has segmented the Italy 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 regional market players is expected to drive the demand over the forecast period. The companies are engaging in new product launches and strategic initiatives to strengthen their presence. For instance, In November 2022, GlobalMed Technologies launched a LED mask for men.
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