Norway Light Therapy Market Size & Outlook, 2023-2030
Related Markets
Norway light therapy market highlights
- The Norway light therapy market generated a revenue of USD 14.5 million in 2023 and is expected to reach USD 18.0 million by 2030.
- The Norway market is expected to grow at a CAGR of 3.1% 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.
Light therapy market data book summary
| Market revenue in 2023 | USD 14.5 million |
| Market revenue in 2030 | USD 18.0 million |
| Growth rate | 3.1% (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, Norway accounted for 1.4% 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 Europe, Germany light therapy market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 79.1 million by 2030.
Handheld devices for skin treatment was the largest segment with a revenue share of 26.9% in 2023. Horizon Databook has segmented the Norway 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 Global market players, such as Koninklijke Philips N.V., coupled with consumer awareness about light therapy, is driving the market. The players are engaging in partnerships and product developments to strengthen their market presence. Moreover, the rising prevalence of SAD and winter blues are expected to increase the demand for light therapy devices in the region.
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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 |
Norway light therapy market report size, by end use, 2018-2030 (US$M)
Norway Light Therapy Market Share, 2023 & 2030 (US$M)
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