Mental Health Momentum: Light Therapy Market to Near $1.3 Billion by 2028

By Jemima McEvoy | Thursday, November 25, 2021 | Tech, Health & Wellness

Mental health is becoming an increasingly prominent part of the public conversation. As a result, related industries are benefiting from the ongoing momentum. Among them is the light therapy market, which according to a new report is projected to grow to nearly $1.3 billion by 2028.

Woman using light therapy.

Light Therapy Market Profile

Light therapy — otherwise named “phototherapy” or “heliotherapy” — involves the use of bright, artificial light to treat illnesses. It is by no means a new form of treatment and, in fact, has been traced back thousands of years to Ancient Egypt, where there were purportedly special temples built for healing with sunlight and colorful light. Sunlight was also used for therapeutic purposes over 3,000 years ago in India, according to Hindu texts. 

This type of treatment resurfaced in the late 19th and early 20th centuries as modern scientists started to find light to be effective in treating a variety of diseases, including lupus and skin tuberculosis. 

Today, light therapy is relatively mainstream, with numerous companies now making products specifically geared toward light therapy treatment. A market analysis report released earlier this year valued the industry at roughly $1 billion as of 2020. Key segments included red light therapy, which involves low levels of red light used to treat skin issues like wrinkles and scars; light therapies used for sleeping disorders; and handheld devices used for skin treatment. 

Growth Projections

A separate report released by Coherent Market Insights suggests the global light therapy market will see significant growth in coming years. The report predicts the market will grow to almost $1.3 billion by 2028. That’s a 28.7% increase from its current value. 

What’s causing this growth? The report highlights a number of “market drivers,” including technological advancements in light therapy. One example is the August 2021 release of a red light therapy muscle roller by Australian-based Solbasium. Other key factors include a growing awareness of light therapy products and their benefits, and consumer preferences shifting toward non-invasive procedures. 

“Generally, it is safer than conventional open surgery as it provides faster recovery and less time in the hospital,” explains the report. “Light therapy is a non-invasive procedure used for cancer, acne vulgaris, wound healing, skin conditions, psoriasis, vitiligo and seasonal affective disorder.” 

Furthermore, there is a general trend toward mental health awareness and a growing number of people being identified as suffering from mental health disorders, which is boosting the popularity of treatments like light therapy. 

Major Players

As the light therapy market is still gaining popularity, there is ample room for entrepreneurs scoping opportunities. According to the report, the global market is currently dominated by companies like the German-based Beurer; Dutch conglomerate Koninklijke Philips; US companies Aura Daylight, Celluma, Verilux, and Northern Light Technologies; and Swiss company Zepter International.

A show of how widespread these treatments are: Walmart sells therapy lights made by both Aura Daylight and Verilux. Startups are also launching left and right to corner this growing market, such as SOLIUS, which has in recent years gotten ample press for its at-home light therapy treatment booth.

About the Author

Headshot for author Jemima McEvoy

Jemima is a journalist who enjoys reporting on business, particularly small business and entrepreneurship.

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