Latin America Light Therapy Market Size & Outlook
Latin America light therapy market, 2018-2030 (US$M)
Related Markets
Latin America light therapy market highlights
- The Latin America light therapy market generated a revenue of USD 130.6 million in 2023.
- The market is expected to grow at a CAGR of 4.1% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 130.6 million |
| Market revenue in 2030 | USD 173.3 million |
| Growth rate | 4.1% (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, Latin America region accounted for 12.5% 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 26.72% in 2023. Horizon Databook has segmented the Latin America 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 Latin America light therapy market is rapidly growing due to increasing awareness about the benefits of light therapy for various conditions, such as SAD, skin disorders, and sleep disorders. Factors such as rising healthcare expenditure and growing awareness about the benefits of light therapy are driving the market growth in the region.
In addition, the rising demand for noninvasive treatment options and the growing adoption of home-use devices are also contributing to the market growth.
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Light Therapy Market Scope
Light Therapy Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America light therapy market report size, by country, 2018-2030 (US$M)
Latin America Light Therapy Market Share, 2023 & 2030 (US$M)
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