Europe Light Therapy Market Size & Outlook, 2023-2030
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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.
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.
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Light Therapy Market Scope
Light Therapy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Beurer | View profile | 501-1000 | Ulm, Baden-Wurttemberg, Germany, Europe | https://www.beurer.com/web/us/ |
| Koninklijke Philips NV | View profile | 73712 | Philips Center, Amstelplein 2, Amsterdam, Netherlands, 1096 BC | https://www.philips.com |
Europe light therapy market report size, by country, 2018-2030 (US$M)
Europe Light Therapy Market Share, 2023 & 2030 (US$M)
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