Asia Pacific light therapy market is projected to expand at 5.7% CAGR in the upcoming years. The low cost and various advantages associated with the therapy is encouraging its high adoption rate in developed countries. Phototherapy is quite popular among people owing to its ability to stimulate cells, plump, whiten, and repair the skin. Growing patient pool, increased per capita income, the high influence of social media are some of the prime factors augmenting the regional industry growth.
The growing prevalence of depression and sleep-related disorders across the globe has created tremendous demand for light therapy. As per the National Alliance on Mental Health, about 1 in 20 adults in the U.S. were found suffering from mental illness in 2019. Whereas, suicide is considered the second leading cause of death among people aged between 10-34 years in the region.
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According to research conducted by the University of Arizona Health Sciences; people diagnosed with migraine can be treated with green light therapy. This research has shown that green light reduces the intensity and frequency of headaches. The number of monthly headache days is reduced by an average of over 60%. This has significantly improved the life quality of patients without getting any side effects.
Based on the application, the winter blues segment is anticipated to showcase a CAGR of over 5.1% throughout the forecasted timeframe. Winter blues is a disorder that is mainly observed in Nordic countries and locations in the northern latitude. Light therapy helps in suppressing the rising melatonin that is generally observed on darker days. Such factors primarily contribute to the light therapy market growth.
In case of light type, the market is fragmented into blue light, red light, white light and others. The white light segment held the largest revenue share of around USD 460 million in 2020. There has been a significant rise in the usage of light therapies for treating mental illnesses like depression. White light lets patients improve their concentration, fight anxiety and boost their morale. These aforementioned factors will stimulate the insistence for white light therapy over the projected timeframe.
The end use segment is subjugated by the homecare settings, which held a market share of around 60% in 2020 and is projected to proliferate at a blistering pace through 2027. Increased usage of light therapy devices in home settings will propel the market growth. In addition, increased demand for homecare devices has further boosted the demand for light therapy market.
Prominent companies in the global light therapy industry are developing advanced solutions for skin treatment. Based on various skin types, the manufacturers are designing customized solutions. With the presence of robust regulatory infrastructure regulating the quality of these therapies and product launches, the demand for such procedures will escalate in the coming years.
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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, 2016 – 2027 (USD Million)
4.3 Floor and desk lamp
4.3.1 Market size, by region, 2016 – 2027 (USD Million)
4.4 Light visor
4.4.1 Market size, by region, 2016 – 2027 (USD Million)
4.5.1 Light Therapy Market size, by region, 2016 – 2027 (USD Million)
4.6 Dawn simulator
4.6.1 Market size, by region, 2016 – 2027 (USD Million)
4.7 Light therapy bulbs
4.7.1 Market size, by region, 2016 – 2027 (USD Million)
4.8.1 Market size, by region, 2016 – 2027 (USD Million)
Chapter 5 Light Therapy Market, By Application
5.1 Key segment trends
5.2.1 Market size, by region, 2016 – 2027 (USD Million)
5.3.1 Market size, by region, 2016 – 2027 (USD Million)
5.4.1 Light Therapy Market size, by region, 2016 – 2027 (USD Million)
5.5 Acne vulgaris
5.5.1 Market size, by region, 2016 – 2027 (USD Million)
5.6 Winter blues
5.6.1 Market size, by region, 2016 – 2027 (USD Million)
5.7 Sleeping disorder
5.7.1 Light Therapy Market size, by region, 2016 – 2027 (USD Million)
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