Market revenue in 2023 | USD 4.6 million |
Market revenue in 2030 | USD 6.0 million |
Growth rate | 3.8% (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 |
Handheld devices for skin treatment was the largest segment with a revenue share of 26.09% in 2023. Horizon Databook has segmented the South 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 presence of players like Bioproton, Philips, and Beurer in the form of subsidiaries is expected to drive the market. In addition, the increasing prevalence of various skin conditions, such as eczema and acne, is expected to drive the market. According to NCBI, more than 32% of the population is affected by eczema in the region.
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