Market revenue in 2023 | USD 21.9 million |
Market revenue in 2030 | USD 27.4 million |
Growth rate | 3.3% (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 |
Handheld devices for skin treatment was the largest segment with a revenue share of 26.48% in 2023. Horizon Databook has segmented the Middle East & Africa 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 Middle East and Africa light therapy market is expected to have significant growth due to increasing awareness of the benefits of light therapy and the growing number of people suffering from conditions like SAD, sleep disorders, and skin diseases.
The market is expected to witness significant growth over the forecast period driven by factors such as increasing healthcare expenditure and the growing number of people suffering from mental health conditions. In addition, the market is being driven by the increasing adoption of light therapy devices by hospitals, clinics, and other healthcare facilities, as well as by the growing popularity of home-use light therapy devices.
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