Leading Light Therapy Application Markets Databank

Leading Light Therapy Application Markets Databank

The Light Therapy market was valued at $1,185.0 Million in 2019, and is projected to reach $1,541.7 Million by 2028 growing at a CAGR of 4.04% from 2020 to 2028. Psoriasis segment is expected to be the highest contributor to this market, with $266.0 Million in 2019, and is anticipated to reach $342.1 Million by 2028, registering a CAGR of 3.90%. Vitiligo segment is anticipated to reach $90.7 Million by 2028 with the highest CAGR of 4.12%. Psoriasis and Acne Vulgaris segments collectively expected to account for about 42.8% share of the Light Therapy market in 2019, with the former constituting around 22.5% share. Vitiligo and Acne Vulgaris segments are expected to witness significant growth rates at a CAGR of 4.12% and 4.10% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 26.2% in the overall Light Therapy market in 2019, and is anticipated to reach 26.3% by 2028.