Global Light Therapy Market to Exhibit a CAGR of 5.1% By 2025 | Market Research Future
Global
Light Therapy Market Research Report: By Product (Light Box, Floor and Desk
Lamps, Light Visor, HDST, Others), By Application (Psoriasis, Vitiligo, Eczema,
Acne Vulgaris, Others), By Light Type (Blue Light, Red Light, White Light,
Others) and By End-User (Homecare Settings, Dermatology Clinics, Others) –
Forecast to 2027
Light Therapy Market Highlights
The global light therapy market has an
opportunity to scale a growth valuation of USD 1,112.16 Million by 2025 with a
moderate CAGR of 5.1% in the forecast period that covers 2019 to 2025. Market
Research Future (MRFR) considers the rising number of dermatological disorders
as the major reason behind the market growth of the light therapy market. Among
other major reasons, growing demand for non-invasive methods, treatment for
psychological disorders, and better funding for research and development
projects are deemed to play crucial roles in taking the market forward.
However, side-effects like eye pain,
nausea, headache, itching, burning sensation, and agitation can deter the
market from having a smooth run. Its lack of awareness in several countries can
also hold back the growth.
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Segmentation
The global market for light therapy has
been segmented in the report on the basis of product, application, light type,
and end user.
By product, the market for light therapy
can be segmented into lightbox, floor & desk lamp, light visor, dawn
simulator, handheld devices for skin treatment (HDST), light therapy bulbs, and
others. The ‘others’ segment would include Bluewave technology and light on a
timer. The HDST segment has the largest market share as patients prefer this
for its ability to cope up with the home care setting. The light visor setting
is the fastest-growing segment and its portability is playing in favor of the
market.
By application, the global market report on
the light therapy can be segmented into psoriasis, vitiligo, eczema, acne
vulgaris, sleeping disorders, seasonal affective disorder (SAD), and others
that include bone injuries and joint pain. The sleeping disorder segment has
the widest market coverage and psoriasis has the opportunity to register the
fastest growth rate for the foreseeable future.
By light type, the market report focusing
on the study of light therapy segments the market into blue light, white light,
red light, and others. The blue light segment covers the widest portion of the
market as its takers are growing to treat sun damage and skin cancer. The red
light has the fastest growth rate and its application to treat joint pain and
arthritis is growing. The ‘others’ include purple light and yellow light.
By end user, the report segments the market
into homecare settings, dermatology clinics, and others. The home care setting
covers the maximum ground as it is cost affordable. The ‘others’ segment
includes workplace and salons.
Regional
Analysis:
The Americas is showing great progress
owing to the huge demand it is getting from the rising demand for non-invasive
procedures. In addition, the regional market has a great opportunity in getting
the market horizon expanded by increasing the number of treatments done for
dermatological problems with light therapy. In Europe, the growth of this
segment would be substantial as several countries like France, Germany, the UK,
and others would show growth in their reception of the light therapy. This
would happen mostly due to increasing awareness and spending capacity.
The Asia Pacific region would benefit from
the number of people seeking therapy with this to counter their psychological
issues. Growth in a number of people having trouble with depression and anxiety
can increase the chance for the light therapy market growth. In the Middle East
& Africa, the market would suffer from a lack of awareness regarding both
dermatological and psychological issues and poor investment capacity.
Competitive
Landscape:
The market for light therapy is witnessing
a surge in strategic moves that ensure market growth. This would depend much on
the performance of the market players like BioPhotas (US), Beurer (Germany),
Northern Light Technology (Canada), Koninklijke Philips (Netherlands), Verilux
(US), Nature Bright (Taiwan), Chal-Tec GmbH (Germany), Lumie (UK), Lucimed SA
(Belgium), Zepter International (Switzerland), and others. These companies have
their recent moves profiled by MRFR to understand the market movements in a
proper way.
Recently, the FDA approved Revian Red
dual-wavelength LED light therapy (PhotonMD) for the treatment of hair loss,
which can boost the market considerably.
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Analysis at:
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