Spain Light Therapy Market Size & Outlook, 2023-2030
Spain light therapy market, 2018-2030 (US$M)
Related Markets
Spain light therapy market highlights
- The Spain light therapy market generated a revenue of USD 20.9 million in 2023 and is expected to reach USD 25.2 million by 2030.
- The Spain market is expected to grow at a CAGR of 2.7% 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 20.9 million |
| Market revenue in 2030 | USD 25.2 million |
| Growth rate | 2.7% (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, Spain accounted for 2.0% 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 27.27% in 2023. Horizon Databook has segmented the Spain 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 Spanish Medicine Agency or European Medicines Agency provides authorization for the marketing of medical devices. The former is responsible for the evaluation of pharmaceutical products and new devices. All medical devices manufactured and marketed in the region must be CE-certified.
The reimbursement for healthcare services is covered under National Health Service (NHS). The government and the Ministry of Health and Consumer Affairs (MSC) supervise the NHS. The funding for healthcare reimbursements is pooled from the tax paid by the citizens.
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Light Therapy Market Scope
Light Therapy Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain light therapy market report size, by product, 2018-2030 (US$M)
Spain Light Therapy Market Share, 2023 & 2030 (US$M)
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