Mexico Light Therapy Market Size & Outlook, 2023-2030
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Mexico light therapy market highlights
- The Mexico light therapy market generated a revenue of USD 23.9 million in 2023 and is expected to reach USD 32.7 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.6% 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 23.9 million |
| Market revenue in 2030 | USD 32.7 million |
| Growth rate | 4.6% (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, Mexico accounted for 2.3% 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 Latin America, Brazil light therapy market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 55.8 million by 2030.
Handheld devices for skin treatment was the largest segment with a revenue share of 26.78% in 2023. Horizon Databook has segmented the Mexico 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 local players and the increasing prevalence of skin-related conditions, such as psoriasis, eczema, and vitiligo, are expected to drive the market. The market for light therapy in Mexico is a growing industry. The use of light therapy for various conditions, including SAD, skin disorders, and sleep disorders, is becoming popular in Mexico.
The market is driven by factors such as the increasing awareness of the benefits of light therapy, the availability of a wide range of light therapy devices, and the growing number of people seeking alternative forms of treatment.
However, the market is still in early stages of development in comparison with other countries, with a limited number of specialized clinics and retail outlets offering light therapy products and services. In addition, the high cost of light therapy devices also be a barrier to market growth in Mexico.
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Light Therapy Market Scope
Light Therapy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Beurer | View profile | 501-1000 | Ulm, Baden-Wurttemberg, Germany, Europe | https://www.beurer.com/web/us/ |
| Koninklijke Philips NV | View profile | 73712 | Philips Center, Amstelplein 2, Amsterdam, Netherlands, 1096 BC | https://www.philips.com |
Mexico light therapy market report size, by product, 2018-2030 (US$M)
Mexico Light Therapy Market Share, 2023 & 2030 (US$M)
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