The global light therapy market size was USD 1.10 Billion in 2021 and is expected to register a revenue CAGR of 5.1% during the forecast period, according to the latest analysis by Emergen Research.
Technological advancements in light therapy and launch of innovative products, such as handheld light therapy devices, are factors projected to support market revenue growth between 2021 and 2030. For example, Body Balance System, a Las Vegas-based company makes zero-gravity beds filled with small red lights or diodes due to its health and skin benefits such as fat loss, pain relief, muscle recovery after a workout, and others. In addition, researchers in Brazil have been studying about effects of low-level laser therapy on thyroid gland and found that patients who received therapy were able to reduce their levothyroxine dose, while 47% were able to discontinue levothyroxine and have normal thyroid function during the nine-month follow-up.
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However, risks and side effects associated with light therapy procedures are expected to hamper market revenue growth. Light therapy is not best suited to all individuals and can cause side effects including sunburn and skin tenderness, photosensitive skin eruptions, skin cancer, and premature skin aging, among others.
Competitive Terrain:
The Global Light Therapy Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length. The report scrutinizes the strategic approach of key market players towards expanding their product offerings and fortifying their market foothold.
The leading market contenders listed in the report are as follows:
Koninklijke Philips N.V., Chal-Tec GmbH, Alexion Pharmaceuticals, Inc., Lucimed, Soligenix, Lumos, Gleam, Northern Light Technologies, Zepter International, SPHERE Technology Solutions, Photomedex.com, Lumie, and Joovv, Inc.
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Key insights presented in the report:
Market revenue shares by major business players, by type, by application, and market scope of global Light Therapy market
Sales revenue by key players and new entrants
Competitive analysis of the key players including aspects such as company overview, product or services specification, vendors, and buyers.
Recent mergers, acquisitions, product launches, recent investments, and joint ventures
Regional analysis to provide insight to recent trends and opportunities
Key Highlights From the Report
The psoriasis segment is expected to register a steady revenue CAGR during the forecast period. Psoriasis causes scaling patches on skin surface, which has no cure, so managing symptoms is of utmost importance. Exposure to UV rays and blue light therapy are often used for the treatment of psoriasis.
The Handheld Skin Treatment Devices (HSTDs) segment is expected to register a rapid revenue CAGR due to increasing skin disorders. HSTDs are portable, available in all sizes and various designs and used to treat multiple areas of body including spot treatment wands, slim panels, and others.
According to the American Academy of Dermatology Association, acne affects over 50 million people living in the U.S. annually. To tackle this problem, various companies are launching innovative products to suit users’ skin conditions, such as Solowave, red and blue mini handheld light therapy wands, that can treat acne and acne scars in just three minutes.
The Asia Pacific market is expected to register fastest revenue growth rate during the forecast period. Rising demand for light therapy for treating acne vulgaris and psoriasis are factors expected to drive market revenue growth. In addition, increasing awareness about personal health and wellness is expected to drive market revenue growth.
The global Light Therapy market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the Light Therapy market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the Light Therapy market.
Emergen Research has segmented the global light therapy market based on product, light type, application, end-use, and region:
Product Outlook (Revenue, USD Billion; 2019–2030)
Light Visor
Light Box
Floor and Desk Lamp
Dawn Simulator
Bulbs
Handheld Skin Treatment Devices (HSTDs)
Others
Light Type Outlook (Revenue, USD Billion; 2019–2030)
Blue
White
Red
Others
Application Outlook (Revenue, USD Billion; 2019–2030)
Acne Vulgaris
Sleeping Disorders
Eczema
Psoriasis
Winter Blues
Vitiligo
Others
End-use Outlook (Revenue, USD Billion; 2019–2030)
Dermatology Clinics
Homecare Settings
Others
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Regional Analysis:
The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
Key regions in the market include:
North America
U.S.
Canada
Europe
U.K.
Italy
Germany
France
Rest of EU
Asia Pacific
India
Japan
China
South Korea
Australia
Rest of APAC
Latin America
Chile
Brazil
Argentina
Rest of Latin America
Middle East & Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
The report aims to provide a complete analysis of the global Light Therapy market with important details about the key market players from insightful primary and secondary research data. The report also aims to benefit the user by providing constructive data to gain insight into market growth, size, and investment approaches. Additionally, the report provides an extensive analysis of the Light Therapy market, including key data, such as factors influencing the growth of the market, buyers and vendors, production and consumption, and revenue.
Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Light Therapy market?
What are the key product types and applications of the Light Therapy industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
How is the competitive landscape of the Light Therapy market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the Light Therapy Market by 2030?
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About Us:
At Emergen Research, we believe in advancing with technology. We are growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
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