Light Therapy Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.
With rising cases clinical depression, mental illnesses, and sleep disorders, the light therapy market is estimated to record substantial gains over the forthcoming time period. Several prominent firms that are active in the industry have been concentrating on improving their market position by using different strategies, including new product launches, which is also expected to stimulate market growth. With ongoing technological advancements, it is possible for individuals to use light therapy devices from the comfort of their homes. For instance, recently in July 2020, Sula Health, an Irish consumer tech business, reportedly unveiled the new Sula Glasses along with a novel sleep app. The glasses are equipped with in-built light therapy electronics that effectively reset the wearer’s circadian rhythm. The glasses are also fitted with artificial light-filtering lenses which helps the user adjust to jet lag or night shift work.
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As per a research report by GMI., light therapy market is estimated to surpass a $1 billion valuation by 2025.
Light therapy procedures involve exposing patients to artificial lights in an effort to treat conditions such as depression, jet lag, and sleep disorders. This therapy is widely preferred among patients who are suffering from depression since it resets their circadian rhythm by effectively controlling the wake and sleep cycles.
Below are some of the key trends that are likely to influence light therapy industry size by 2025:
Growing adoption of light visors
In 2018, light visors segment was valued at approximately $79 million. Light visors are known to be portable lightening units which are designed to increase flexibility and convenience. Widespread adoption of light visors in new applications like in-flight treatment will further foster the segmental growth over the coming years.
Additionally, these devices are generally utilized in clinical efficacy for effective patient management, which is likely to surge the market growth.
Increasing demand for cosmetic treatments in dermatology clinics
The dermatology clinics segment, in 2018, held a valuation of approximately $210 million and is likely to exhibit considerable growth over the forthcoming years. The demand for both personalized as well as customized cosmetic treatments offered at dermatology clinics is increasing tremendously, which is further booting segment growth.
Moreover, the rising patient preference towards non-surgical acne, anti-aging, and other dermatological procedures across dermatology clinics will further spur market growth.
Growing demand for red & blue light therapy
Red light segment is likely to witness a 4.5% CAGR through the forecast time period. This therapy is extensively used for treating sleep disorders. The therapy effectively enhances sleep efficiency by enabling the patients to get maximum amount of sleep, which is increasing its demand among people with insomnia.
In addition, red fluorescent products are also widely used for the treatment of arthritis, bone injuries, inflammation, and joint pain.
Meanwhile, increasing adoption of non-invasive dermatological procedures such as blue light therapy for treating a plethora of skin disorders like acne vulgaris is likely to foster industry share over the coming years. The therapy is known for its powerful antibacterial properties which are helpful for treating acne without causing any sort of irritation, it also decreases oil production and also stops any future breakouts.
Moreover, this therapy offers a UV-free alternative for the treatment of psoriasis and eczema. The above-mentioned factors are further expected to stimulate the demand for blue light therapy in the coming years, fostering revenue growth.
Rising adoption of light therapy in APAC
The light therapy market in Asia-Pacific is projected to surpass a valuation of $250 million by the end of the analysis timeline. Increasing demand for aesthetic procedures owing to the rising prevalence of dermatological diseases in the region is expected to positively influence the industry expansion. Furthermore, increasing healthcare expenditure in countries like Japan, China, and India coupled with the region’s sustainable economic growth will further fuel the light therapy industry size.
Notable industry players operating in the market include Lucimed, Zepter International, Koninklijke Philips, Photomedex, Beurer, Nature Bright, Verilux, Chal-Tec, Aura Daylight, Sphere Gadget Technologies, Northern Light Technology, BioPhotas, Lumie, and Neutrogena among others.
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Partial Chapter of the Table of Content
Chapter 4. Light Therapy Market, By Product
4.1. Key segment trends
4.2. Light box
4.2.1. Market size, by region, 2014 – 2025 (USD Million)
4.3. Floor and desk lamps
4.3.1. Market size, by region, 2014-2025 (USD Million)
4.4. Light visor
4.4.1. Market size, by region, 2014-2025 (USD Million)
4.5. Handheld devices for skin treatment (HDST)
4.5.1. Market size, by region, 2014-2025 (USD Million)
4.6. Dawn simulator
4.6.1. Market size, by region, 2014-2025 (USD Million)
4.7. Light therapy bulbs
4.7.1. Market size, by region, 2014-2025 (USD Million)
4.8.1. Market size, by region, 2014-2025 (USD Million)
Chapter 5. Light Therapy Market, By Application
5.1. Key segment trends
5.2.1. Market size, by region, 2014-2025 (USD Million)
5.3.1. Market size, by region, 2014-2025 (USD Million)
5.4.1. Market size, by region, 2014-2025 (USD Million)
5.5. Acne vulgaris
5.5.1. Market size, by region, 2014-2025 (USD Million)
5.6. Winter blues
5.6.1. Market size, by region, 2014-2025 (USD Million)
5.7. Sleeping disorders
5.7.1. Market size, by region, 2014-2025 (USD Million)
5.8. Seasonal affective disorder (SAD)
5.8.1. Market size, by region, 2014-2025 (USD Million)
5.9.1.Market size, by region, 2014-2025 (USD Million)