Light Therapy Market: Industry Analysis and Forecast 2021-2027: By Product, Light Type, Application, End-User, and Region.

Light Therapy Market is anticipated to reach US$ 2.71 Bn. by 2027 from US$ 2 Bn. in 2020 at a CAGR of 5.2 % during a forecast period. A treatment in which the patient is exposed to an artificial light source is known as light therapy. Major depressive disorder with seasonal patterns, generally known as SAD, is the primary target of the therapy. This sort of depression is more common in the winter. Other medical diseases that are treated with light include sleep disturbances and various forms of depression In the report, 2020 is considered a base year however 2020’s numbers are on the real output of the companies in the market. Special attention is given to 2020 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report. Light Therapy Market To know about the Research Methodology :- Request Free Sample Report

Light Therapy Market Dynamics

The growth of the light therapy market is being fuelled by an increase in the frequency of skin-related disorders and a growing awareness of personal care. Psoriasis, vitiligo, and eczema are just a few of the skin illnesses that may be treated with light therapy. The increase in global occurrences of skin illnesses that need light therapy for treatment, such as wrinkles, psoriasis, acne vulgaris, and other dermatological disorders, is expected to drive the market's growth throughout the forecast period. In the beginning period, the increased usage of narrowband ultraviolet and broadband ultraviolet phototherapy for the treatment of skin problems would stimulate industrial growth. The market is expected to rise because of an increase in the advantages given by this therapy, such as cellular regeneration and increased blood circulation. Also, the rising demand for non-invasive treatments and increased awareness of light therapy is expected to significantly boost market revenue. The growth of the market is being aided by technological improvements in the field of light therapy, as well as a growing preference for light therapy treatment. Furthermore, the market demand is being fuelled by a rising number of product releases and continuing advances in the clinical value of light therapy. Lumerie Skyn, for example, launched the HyperGlo Skin Rejuvenation Therapy System in October 2020. The firm is utilizing the advantages of low-level light therapy for skincare equipment in order to expand its consumer base. In addition, one of the primary factors driving the growth of the light therapy market is the rising incidence of depression throughout the world. According to the National Institute of Mental Health, more than 51 million individuals in the United States suffered from mental illness in 2019. Furthermore, the World Health Organization estimates that more than 264 million people worldwide are expected to be depressed by 2022. (WHO). Light therapy products may aid in the treatment of seasonal affective disorder (SAD) by increasing serotonin levels. In addition, as the number of people suffering from sleep problems rises, so does the need for various light treatment goods. Light treatment helps to regulate the circadian cycle, which aids in getting a good night's sleep. Light Therapy Market Segmentation Analysis By Product, Because of its growing popularity and adoption, the lightbox segment generated over USD 210 million in sales in 2020. The seasonal affective disorder can be treated well using a light therapy box. Light therapy market demand is aided by features such as favourable light intensity, cheap cost, safety, and style. To treat the seasonal affective disorder, lightboxes release light that simulates natural outside light. The patient must sit or work near the light box during light treatment to obtain the artificial outside daylight. As a result, light therapy boxes are used to treat a variety of mental ailments, including depression, sleep difficulties, and other mental illnesses. In addition, for some COVID-19 patients, light treatment has been advised. By Light Type, during the forecast period, the blue light segment of the light therapy market is expected to grow at a CAGR of 5.6 percent. The market is growing because of a growing desire for non-invasive acne treatments that employ light to eliminate microorganisms on the skin. Furthermore, as the usage of blue light in many therapeutic applications improves, so will the use of blue light treatment. During the COVID-19 epidemic, there was a significant surge in the need for blue light. Blue light, according to the researchers, can serve as an antibiotic against a variety of microbes. Several viruses, including coronavirus and the common flu virus, are rendered inactive by it. Light Therapy MarketBy Application, in 2020, the psoriasis segment had a market share of more than 21% for light therapy. Because of the increasing prevalence of numerous skin disorders caused by allergies, deteriorating environments, changing lifestyles, and other reasons, there is a demand for a wide spectrum of dermatological therapy. People of all ages and from all walks of life are affected by psoriasis. It's a non-communicable skin illness that's been there for a long time. It has the potential to harm a patient's emotional, psychological, and physical health. According to the National Psoriasis Foundation, psoriasis affects 8 million Americans. Light therapy treatments are gaining popularity because they reduce the inflammation and irritation produced by this skin ailment. By End-User, through 2027, the dermatology clinics segment is expected to grow at the quickest rate in the light therapy market. The segment's growth is expected to be fuelled by rising skincare knowledge and the growing influence of social media. In addition, the need for non-invasive treatments for skin problems and procedures in dermatology clinics is expected to grow. The use of light therapy in dermatological clinics is becoming more popular across the world. The use of red, white, and blue light in dermatological clinics for the treatment of acne, inflammation reduction, collagen formation, and enhanced circulation is also on the rise.

Light Therapy Market Regional Insight

Because of technical improvements and rising uses of light treatment, the North American light therapy market was USD 350 million in 2020. Furthermore, the presence of significant industry competitors and product availability would boost revenue growth in the regional market. Seasonal affective disorder (SAD) affects 5% of all individuals and normally lasts for 40% of the year, according to the American Psychiatric Association. Shorter daylight hours and less sunshine in the winter have been related to a metabolic imbalance in the brain. While it can start at any age, the most common onset age is between the ages of 18 and 30. Furthermore, 10 to 20% of the population suffers from a lesser type of depression, with a tenth of them experiencing symptoms since the beginning of the summer. It's especially problematic given the widespread disruption of sleep routines. According to studies, 16 percent of patients experience recurrent nightmares, while a quarter of them have sleeplessness. In the following years, the Asia Pacific light therapy market is expected to grow at a CAGR of 5.7 percent. The therapy's low cost and multiple benefits are driving its widespread acceptance in developed countries. Because of its capacity to stimulate cells, plump, whiten, and heal the skin, phototherapy is quite popular among people. Growing patient pools, rising per capita income, and the widespread use of social media are all contributing to regional market growth. Report Objectives: • Landscape analysis of the Light Therapy Market • competitive benchmarking • Past and current status of the industry with the forecasted market size and trends • Evaluation of potential key players that include market leaders, followers, and new entrants • Technology trends • Potential impact of micro-economic factors of the market • External and Internal factors affecting market have been analysed The report also helps in understanding the Light Therapy Market dynamics, structure by analysing the market segments and project the Light Therapy Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Light Therapy Market make the report investor’s guide.

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Light Therapy Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 2  Bn
Forecast Period 2021 to 2027 CAGR: 5.2  % Market Size in 2027: US $ 2.71 Bn.
Segments Covered: by Product • Light box • Floor and desk lamps • Light visor • Handheld devices for skin treatment (HDST) • Others (Dawn simulator, Light therapy bulbs) • Light therapy bulbs • Others
by Light Type • Blue light • Red light • White light • Others
by Application • Psoriasis • Vitiligo • Eczema • Acne vulgaris • Others (Winter blues, Sleeping disorders, Seasonal affective disorder (SAD)) • Sleeping disorders •  Seasonal affective disorder (SAD) • Others
by End-User • Homecare settings • Dermatology clinics • Others

Light Therapy Market by Region

• North America • Asia pacific • Europe • Middle East and Africa • South America

Light Therapy Market: Key Players

• Aura Daylight • Beurre • Bio Photas • ChalTec • Koninklijke Philips • Lumie • Northern Light Technology • Nature Bright • Neutrogena • Photo medex • Sphere Gadget Technologies • Verilux • Zepter International • Johnson & Johnson Services, Inc. • Philips • Zepter • Bewer • Carex • Lucimed S.A Frequently Asked Questions 1. What is the projected market size & growth rate of Light Therapy Market? Ans- Light Therapy Market was valued at USD 2.71 billion in 2020 and is projected to reach USD 2 billion by 2027, growing at a CAGR of 5.2 % during the forecast period. 2. What is the key driving factor for the growth of Light Therapy Market? Ans- The growth of the light therapy market is being fuelled by an increase in the frequency of skin-related disorders and a growing awareness of personal care. 3. Which Region accounted for the largest Light Therapy Market share? Ans- Because of technical improvements and rising uses of light treatment, the North American light therapy market was USD 350 million in 2020. 4. What makes Asia Pacific a Lucrative Market for Light Therapy Market? Ans- The therapy's low cost and multiple benefits are driving its widespread acceptance in developed countries. Because of its capacity to stimulate cells, plump, whiten, and heal the skin, phototherapy is quite popular among people. 5. What are the top players operating in Light Therapy Market? Ans- Aura Daylight, Beurre, BioPhotas, ChalTec, Koninklijke Philips, Lumie, and Northern Light Technology.
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About This Report

Report ID 73384
Category Healthcare
Published Date October 2020
Updated Date Dec 2021
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