Sweden Light Therapy Market Size & Outlook, 2023-2030
Sweden light therapy market, 2018-2030 (US$M)
Related Markets
Sweden light therapy market highlights
- The Sweden light therapy market generated a revenue of USD 21.3 million in 2023 and is expected to reach USD 28.1 million by 2030.
- The Sweden market is expected to grow at a CAGR of 4% 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 21.3 million |
| Market revenue in 2030 | USD 28.1 million |
| Growth rate | 4% (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, Sweden 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 26.76% in 2023. Horizon Databook has segmented the Sweden 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 Medical Products Agency (MPA) is the regulatory body responsible for the surveillance of manufacturing, development, and marketing of medical devices in the region. The role of the agency is to ensure safe access to healthcare professionals and patients. The MPA classified medical devices based on associated risk levels.
The classes include Class I, Class IIa, Class IIb, and Class III, with risk levels ranging from low to high risk. According to Section 18 of the Pharmaceutical Benefits Act, some medical devices are eligible for reimbursement.
Such devices are called consumables and differentiated into three types: stoma consumables, devices for inducing pharmaceuticals in the body, and devices for self-monitoring. A copay component and general reimbursement scheme cover the stoma consumables, while the self monitoring devices are reimbursed entirely.
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Light Therapy Market Scope
Light Therapy Market Companies
| Name | Profile | # Employees | HQ | Website |
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Sweden light therapy market report size, by product, 2018-2030 (US$M)
Sweden Light Therapy Market Share, 2023 & 2030 (US$M)
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