Light Therapy Market By Product (Light Box, Floor and Desk Lamps, Light Visor, HDST, Others), Application (Psoriasis, Vitiligo, Eczema, Acne Vulgaris, Others),Light Type (Blue Light, Red Light, White Light, Others) and End-User, Forecast to 2027
New York, United States - February 10, 2022 /MarketersMedia/ —
Light Therapy Market Overview
According to the MRFR reports, global light therapy market is likely to attain a size of over USD 1,112.16 million during the forecast period. The report further suggests that the market is projected to exhibit a healthy CAGR of over 5.10% during the review timeframe.
Light therapy is also known as phototherapy or luminotherapy. The global light therapy market has witnessed massive growth in recent years. The market's growth is primarily being driven by the growing number of dermatological disorders cases and the increasing psychological conditions. Furthermore, the growing adoption of non-invasive methods and the effectiveness of light therapy for skin cancer treatment and other diseases are likely to enhance the growth rate of the light therapy market over the assessment era.
Moreover, the factors such as the increasing awareness about the benefits of light therapy devices, growing investment in research & development by various market players, rising adoption of blue light therapy procedures, and the growing prevalence of psychological conditions are also projected to impact the growth of the light therapy market positively. On the other hand, the lack of awareness about light therapy across different developing regions and the side effects of light therapy devices might adversely impact market growth.
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Light Therapy Market Segment Analysis
The global light therapy market has been split into several segments based on product, application, light type, end-users, and region.
Based on product, the light therapy market is fragmented into light therapy bulbs, light visors, LightBox, dawn simulator, handheld devices for skin treatment (HDST), floor and desk lamps, and others.
Based on application, the global market for light therapy is segmented into seasonal affective disorder (SAD), eczema, psoriasis, sleeping disorders, acne vulgaris, vitiligo, and others.
The global light therapy market is divided into white light, blue light, red light, and others based on light type.
The light therapy market is classified into dermatology clinics, home care settings, and others based on end-users.
Light Therapy Market Regional Analysis
The light therapy market is studied across four major regions, including the Middle East & Africa, America, Europe, and Asia-Pacific.
The MRFR report suggests that the American region will likely lead the global light therapy market over the coming years. The growing prevalence of dermatological disorders is driving the regional market's growth. Moreover, the rising demand for non-invasive procedures is anticipated to boost the growth of the regional light therapy market.
Light Therapy Market Competitive Analysis
The global light therapy market has an intensely competitive landscape. The players in the global market are adopting several new strategies such as partnerships, mergers, partnerships, and acquisitions. The players across the market are making heavy investments in R&D activities to launch innovative products and services into the market. The list of leading players in the light therapy market includes Chal-Tec GmbH (Germany), Nature Bright (Taiwan), Lucimed SA (Belgium), Northern Light Technology (Canada), Beurer (Germany), Verilux (US), Lumie (UK), BioPhotas (US), Zepter International (Switzerland), Koninklijke Philips (Netherlands), and several others.
Recent Developments
January 2022- Aldi has introduced an LED face mask that offers the same skin-enhancing benefits as light therapy. The mask will be available for over £50, which is much cheaper than any other version. The mask is available in three different low-level wavelengths of light- blue, green, and red. The mask comes with carrying bags, a controller, and a USB cable to keep everything stored away neatly.
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November 2021- A red light therapy company established by Dr. Mike Belkowski, BioLight, pursues to fulfill the mark with its production of easy-to-use, advanced red light therapy devices, including its ReStore+ and ReCharge+. These devices bring alternate therapy to consumers' homes rather than needing them to visit a medical office or spa for treatment. The devices assure to offer convenience to the consumers alongside several health benefits associated with them.
November 2021 – The global market leader in therapeutic LED light therapy and a manufacturer of the Celluma SERIES of Light Therapy devices, BioPhotas Inc., announced a partnership agreement with Ulta Beauty. The partnership will primarily include the Company's Celluma ELITE models or Celluma PRO in 55 Ulta Beauty locations across the United States.
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