Light Therapy Market size to exceed $1bn by 2025

Light Therapy Market size is set to exceed USD 1 billion by 2025; according to a new research report by Global Market Insights.
 

Increasing adoption of light therapy coupled with technological advancements will drive light therapy industry growth during the forecast period. Industry players such as Koninklijke Philips, Zepter International, Northern Light Technology, Aura Daylight and others focus on novel product launch and product enhancement that will surge demand for light therapy. For instance, in April 2019, Philips introduced VitalMinds, a key technology in the personalized light therapy system, that improves sleep quality in critical care patients and helps to reduce delirium in the ICU. Availability of such technologically advanced products will increase adoption of light therapy devices thereby, fostering industry growth over the analysis timeframe.

 

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Increasing patient preference towards non-invasive procedures across the globe will positively impact light therapy market growth. Various medical facilities now prefer non-invasive light therapies owing to its advantages including reduced pain and better patient care. Moreover, red light therapy is extensively used to treat inflammation, arthritis, joint pain and bone injuries. This therapy is a natural drug-free treatment with minimum risks and side effects that has wide applications in orthopedic conditions. Furthermore, numerous clinical trials for light therapy have gained effectiveness in improving various health conditions with reduced hospital stays. Aforementioned factors should boost the light therapy business growth. However, lack of awareness in underdeveloped economies may impede light therapy market growth during the forthcoming years.
 

U.S. Light Therapy Market, By Product, 2018 & 2025 (USD Million)
Light Therapy Market

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Floor and desk lamp segment was valued more than USD 140 million in 2018 and will witness similar growth trend in the foreseeable future. Wide variety of desk lamps for delivering bright light are available that will spur segment size over the analysis period. Benefits of floor and desk lamps over light box including wide angle adjustments and bright light emission will propel segmental growth. Additionally, large reflector in the floor and desk lamps that diffuses bright light for accurate visualization will increase its demand over the coming years.
 

Seasonal affective disorder (SAD) segment held considerable revenue in 2018 and is anticipated to witness around 4.7% CAGR over the coming years. SAD is a type of depression that is linked to changes in seasons. Patients with SAD often experience mood disturbance accompanied by weight gain, day-time fatigue and loss of concentration. Light therapy causes a chemical change in the brain that revives mood and eases other symptoms of SAD. Adoption of light therapy in treatment of melancholic depression will further accelerate segment growth.
 

Blue light segment accounted for over 25% revenue share in 2018. Wide adoption of blue light in the treatment of numerous medical conditions and disorders such as seasonal effective disorder (SAD), acne vulgaris and others should boost the segmental growth. Increasing demand for blue light therapy in treatment of various skin disorders will further spur segment revenue.
 

Homecare settings segment accounted for more than USD 490 million revenue in 2018 and will exhibit similar trend during the forecast timeline. Rising demand for homecare and availability of handheld and user-friendly devices will augment segmental growth. Focus of manufacturers on developing light therapy devices that specifically solves health related issues at home by providing easy access and improved patient management will upsurge revenue size over the forecast period.
 

Browse key industry insights spread across 175 pages with 260 market data tables & 9 figures & charts from the report, “Light Therapy Market Size By Product (Light Box, Floor & Desk Lamps, Light Visors, Handheld Devices For Skin Treatment [HDST], Dawn Simulator, Light Therapy Bulbs), By Application (Psoriasis, Vitiligo, Eczema, Acne Vulgaris, Winter Blues, Sleeping Disorders, Seasonal Affective Disorder [SAD]), By Light Type (Blue, Red, White), By End-use (Homecare Settings, Dermatology Clinics), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Japan, China, India, Australia, South Korea, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE), Application Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/light-therapy-market
 

North America light therapy market accounted for around 34% revenue share in 2018 and is estimated to witness momentous growth over the analysis period. Technological advancements in healthcare for efficient patient care is the key factor driving light therapy regional market growth. Increasing prevalence of dermatological diseases in the region coupled with rising demand for non-invasiveness treatment will augment the North America light therapy industry growth.
 

Some of the prominent business players operating in light therapy market include Aura Daylight, Beurer, BioPhotas, Chal-Tec, Koninklijke Philips, Lucimed, Lumie, Northern Light Technology, Nature Bright, Neutrogena, Photomedex, Sphere Gadget Technologies, Verilux and Zepter International. Major industry players undertake various inorganic strategies and aim towards initiating new product launch to maintain their financial stability. For instance, in October 2016, Neutrogena launched LED facial mask for treating acne. This mask emits blue and red LEDs that are specially used to cure acne vulgaris. The new product launch enabled company to strengthen existing product portfolio and broaden its customer base.
 

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Light therapy market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2014 to 2025, for the following segments:

Light Therapy Market, By Product, 2014-2025 (USD Million)

  • Light box
  • Floor and desk lamps
  • Light visors
  • Handheld devices for skin treatment (HDST)
  • Dawn simulator
  • Light therapy bulbs
  • Others

Light Therapy Market, By Application, 2014-2025 (USD Million)

  • Psoriasis
  • Vitiligo
  • Eczema
  • Acne vulgaris
  • Winter blues
  • Sleeping disorders
  • Seasonal affective disorder (SAD)
  • Others

Light Therapy Market, By Light Type, 2014-2025 (USD Million)

  • Blue
  • Red
  • White
  • Others

Light Therapy Market, By End-use, 2014-2025 (USD Million)

  • Homecare settings
  • Dermatology clinics
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE

 

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