South Korea Light Therapy Market Size & Outlook, 2023-2030
South Korea light therapy market, 2018-2030 (US$M)
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South Korea light therapy market highlights
- The South Korea light therapy market generated a revenue of USD 9.8 million in 2023 and is expected to reach USD 15.0 million by 2030.
- The South Korea market is expected to grow at a CAGR of 6.3% 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.
Light therapy market data book summary
| Market revenue in 2023 | USD 9.8 million |
| Market revenue in 2030 | USD 15.0 million |
| Growth rate | 6.3% (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, South Korea accounted for 0.9% 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 Asia Pacific, Japan light therapy market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 63.8 million by 2030.
Handheld devices for skin treatment was the largest segment with a revenue share of 26.53% in 2023. Horizon Databook has segmented the South Korea 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 market players and global players is expected to drive the market. In addition, increase in consumer awareness about skincare is anticipated to further drive the market. The region has a well-developed healthcare system and a high level of investment in medical research & technology.
This may provide a favorable environment for the growth of the light therapy market. However, the market may face some challenges such as limited awareness of the treatment among healthcare professionals and the general population, as well as competition with other treatment options, such as medicine & other therapeutic devices.
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Light Therapy Market Scope
Light Therapy Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea light therapy market report size, by product, 2018-2030 (US$M)
South Korea Light Therapy Market Share, 2023 & 2030 (US$M)
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