North America Light Therapy Market Size & Outlook
North America light therapy market, 2018-2030 (US$M)
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North America light therapy market highlights
- The North America light therapy market generated a revenue of USD 378.5 million in 2023.
- The market is expected to grow at a CAGR of 4.3% 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 378.5 million |
| Market revenue in 2030 | USD 508.3 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 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, North America region accounted for 36.1% 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.
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Light Therapy Market Scope
Light Therapy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America light therapy market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to light therapy market will help companies and investors design strategic landscapes.
Handheld devices for skin treatment was the largest segment with a revenue share of 27.16% in 2023. Horizon Databook has segmented the North 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 North America light therapy market is expected to grow due to increasing symptoms of Seasonal Affective Disorder (SAD) and winter blues conditions. According to the American Heart Association, approximately 9.7% of the population is expected to get affected by SAD.
In addition, according to World Bank report, approximately 50.5% of the female population tends to be affected by SAD, which in turn, influences the demand. Furthermore, consumer awareness about drug-free treatment is also expected to drive this segment.
Factors driving the growth of the market include the increasing prevalence of these conditions, as well as the availability of new and advanced light therapy products. The market is segmented into devices, lamps, and others. Companies such as Northern Light Technologies and Verilux are among the key players in the market.
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Our clientele includes a mix of light therapy market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America light therapy market, including forecasts for subscribers. This continent databook contains high-level insights into North America light therapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America light therapy market report size, by country, 2018-2030 (US$M)
North America Light Therapy Market Share, 2023 & 2030 (US$M)
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