U.S. Light Therapy Market Size & Outlook, 2023-2030
U.S. light therapy market, 2018-2030 (US$M)
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U.S. light therapy market highlights
- The U.S. light therapy market generated a revenue of USD 337.1 million in 2023 and is expected to reach USD 448.5 million by 2030.
- The U.S. market is expected to grow at a CAGR of 4.2% 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 337.1 million |
| Market revenue in 2030 | USD 448.5 million |
| Growth rate | 4.2% (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, U.S. accounted for 32.2% 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 North America, U.S. light therapy market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 59.7 million by 2030.
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Light Therapy Market Scope
Light Therapy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. light therapy market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to light therapy market will help companies and investors design strategic landscapes.
Handheld devices for skin treatment was the largest segment with a revenue share of 27.17% in 2023. Horizon Databook has segmented the U.S. 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 major players, such as Biophotas, Northern light technologies, and Verilux, is influencing the market growth positively. This can be attributed to various skin conditions and seasonal affective disorder (SAD).
As per CDC, in 2020, approximately 11.5% of the U.S. population was affected by SAD and winter blue disorder. For instance, Biophotas launched a battery-powered device in 2020. These factors are expected to drive the market for light therapy devices.
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Target buyers of U.S. light therapy market databook
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Our clientele includes a mix of light therapy market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. light therapy market, including forecasts for subscribers. This country databook contains high-level insights into U.S. light therapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. light therapy market report size, by product, 2018-2030 (US$M)
U.S. Light Therapy Market Share, 2023 & 2030 (US$M)
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