Light Therapy Market to grow by USD 246.87 million from 2022 to 2027

The light therapy market is expected to grow by USD 246.87 million from 2022 to 2027.

In addition, the momentum of the market will progress at a CAGR of 4.72% during the forecast period, according to Technavio Research. The market has been segmented by end-user (commercial, domestic, and healthcare), type (blue light, red light, white light, and others), and geography (North America, Europe, Asia, and the Rest of the World (ROW)).

North America is estimated to contribute 43% to the growth of the global market during the forecast period.

The demand for light therapy is increasing due to the region's cold climate. States such as Alaska, North Dakota, and Minnesota in the US experience extremely cold weather, which increases the incidence of winter blues and SAD. Light therapy is chosen by both domestic and business customers for the purpose of avoiding these conditions.

Moreover, light therapy products, such as light therapy boxes, are often used by domestic end users as a substitute for sunlight. The growing use of light therapy products offers sellers the opportunity to increase sales. Demand for light therapy products also increases as people in developed countries, such as the US and Canada, gain more disposable income and purchasing power. Hence, these factors are expected to drive market growth in the region during the forecast period.