Europe Light Therapy Market, 2023-2030
- MedTech
- Aesthetic Devices
- light therapy market report
- Aesthetic Devices
Europe Light Therapy Market, 2018-2030 (US$M)
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Europe light therapy market highlights
- The Europe light therapy market generated a revenue of USD 261.7 million in 2023.
- The market is expected to grow at a CAGR of 4.6% 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.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 261.7 million |
| Market revenue in 2030 | USD 359.6 million |
| Growth rate | 4.6% (CAGR from 2023 to 2030) |
| Largest segment | Handheld devices for skin treatment |
| Fastest growing segment | Handheld Devices for Skin Treatment |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 25.0% of the global light therapy market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 375.4 million by 2030.
The Europe light therapy market is a rapidly growing market driven by increasing awareness about the benefits of light therapy in treating SAD and other mood disorders. In addition, the rising adoption of light therapy devices in the homecare segment and the growing number of people suffering from SAD and other mood disorders are also driving the market growth.
However, the market is also facing challenges like a lack of reimbursement for light therapy devices and lack of awareness about light therapy among the general population. In terms of product, the light therapy market is segmented into various sub-segments. Among these, the handheld devices segment is expected to hold the largest share of the market, as these are portable and can be easily used at home.
In terms of application, the market is segmented into SAD, psoriasis, sleep disorders, and others. Sleep disorders is the largest application segment of the light therapy market due to the growing awareness about benefits of light therapy in treating this disorder.
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Publish Date: Jun 25, 2024
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Light Therapy Market Report
Light Therapy Market Report Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Koninklijke Philips NV | View profile | 73,712 | Philips Center, Amstelplein 2, Amsterdam, Netherlands, 1096 BC | www.philips.com |
| Beurer | View profile | 501-1000 | Ulm, Baden-Wurttemberg, Germany, Europe | www.beurer.com/web/us/ |
Europe light therapy market report
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 26.67% in 2023.
Horizon Databook has segmented the Europe 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 Europe light therapy market is a rapidly growing market driven by increasing awareness about the benefits of light therapy in treating SAD and other mood disorders. In addition, the rising adoption of light therapy devices in the homecare segment and the growing number of people suffering from SAD and other mood disorders are also driving the market growth.
However, the market is also facing challenges like a lack of reimbursement for light therapy devices and lack of awareness about light therapy among the general population. In terms of product, the light therapy market is segmented into various sub-segments. Among these, the handheld devices segment is expected to hold the largest share of the market, as these are portable and can be easily used at home.
In terms of application, the market is segmented into SAD, psoriasis, sleep disorders, and others. Sleep disorders is the largest application segment of the light therapy market due to the growing awareness about benefits of light therapy in treating this disorder.
- Europe Light Therapy Market Product Outlook (Revenue, USD Million , 2018-2030)
- Light Box
- Floor and Desk Lamps
- Light Therapy Lamps
- Handheld Devices for Skin Treatment
- Light Visor
- Dawn Simulator
- Europe Light Therapy Market Application Outlook (Revenue, USD Million , 2018-2030)
- Psoriasis
- Vitiligo
- Eczema
- Acne Vulgaris
- SAD/Winter Blues
- Sleeping Disorders
- Europe Light Therapy Market Type Outlook (Revenue, USD Million , 2018-2030)
- Blue Light
- Red Light
- White Light
- Europe Light Therapy Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Dermatology Clinics
- Home Healthcare
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe light therapy market report, including forecasts for subscribers. This continent databook contains high-level insights into Europe light therapy market report from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Europe Light Therapy Market, 2018-2030 (US$M)
Europe light therapy market report statistics, by product, 2018-2030 (US$M)
