Thailand Light Therapy Market Size & Outlook, 2023-2030
Thailand light therapy market, 2018-2030 (US$M)
Related Markets
Thailand light therapy market highlights
- The Thailand light therapy market generated a revenue of USD 2.9 million in 2023 and is expected to reach USD 4.1 million by 2030.
- The Thailand market is expected to grow at a CAGR of 5.1% 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 2.9 million |
| Market revenue in 2030 | USD 4.1 million |
| Growth rate | 5.1% (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, Thailand accounted for 0.3% 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 27.59% in 2023. Horizon Databook has segmented the Thailand 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 players such as Form Physio and Rehab is expected to drive the demand for light therapy devices in the region. In addition, affordable and efficient medical treatment is expected to drive the market.
According to Medical Tourism Corporation, medical expenses in Thailand potentially result in saving 50% to 90% of expenses. This can be attributed to easy tourism, efficient technologies, and well-trained medical staff.
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Light Therapy Market Scope
Light Therapy Market Companies
| Name | Profile | # Employees | HQ | Website |
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Thailand light therapy market report size, by product, 2018-2030 (US$M)
Thailand Light Therapy Market Share, 2023 & 2030 (US$M)
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