Light Therapy Market value to hit $1 billion by 2025: Global Market Insights, Inc.

The Asia Pacific light therapy market revenue surpassed USD 175 million in 2018 and is expected to achieve significant CAGR from 2019 to 2025 owing to increasing prevalence of depression and hypertension in the region.

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North America light therapy market accounted for around 34% revenue share in 2018 and is estimated to witness momentous growth over the analysis period. Technological advancements in healthcare for efficient patient care is the key factor driving light therapy regional market growth. Increasing prevalence of dermatological diseases in the region coupled with rising demand for non-invasiveness treatment will augment the North America light therapy industry growth.

Floor and desk lamp segment of light therapy market was valued more than USD 140 million in 2018 and will witness similar growth trend in the foreseeable future. Wide variety of desk lamps for delivering bright light are available that will spur segment size over the analysis period. Benefits of floor and desk lamps over light box including wide angle adjustments and bright light emission will propel segmental growth. Additionally, large reflector in the floor and desk lamps that diffuses bright light for accurate visualization will increase its demand over the coming years.

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Seasonal affective disorder (SAD) segment held considerable revenue in 2018 and is anticipated to witness around 4.7% CAGR over the coming years. SAD is a type of depression that is linked to changes in seasons. Patients with SAD often experience mood disturbance accompanied by weight gain, day-time fatigue and loss of concentration. Light therapy causes a chemical change in the brain that revives mood and eases other symptoms of SAD. Adoption of light therapy in treatment of melancholic depression will further accelerate segment growth.

Global Light Therapy Market is poised to surpass USD 1 billion by 2025; according to a new research report by Global Market Insights, Inc. Increasing adoption of light therapy coupled with technological advancements will drive light therapy industry growth during the forecast period. Industry players such as Koninklijke Philips, Zepter International, Northern Light Technology, Aura Daylight and others focus on novel product launch and product enhancement that will surge demand for light therapy. For instance, in April 2019, Philips introduced VitalMinds, a key technology in the personalized light therapy system, that improves sleep quality in critical care patients and helps to reduce delirium in the ICU. Availability of such technologically advanced products will increase adoption of light therapy devices thereby, fostering industry growth over the analysis timeframe.

Increasing patient preference towards non-invasive procedures across the globe will positively impact light therapy market growth. Various medical facilities now prefer non-invasive light therapies owing to its advantages including reduced pain and better patient care. Moreover, red light therapy is extensively used to treat inflammation, arthritis, joint pain and bone injuries. This therapy is a natural drug-free treatment with minimum risks and side effects that has wide applications in orthopedic conditions. Furthermore, numerous clinical trials for light therapy have gained effectiveness in improving various health conditions with reduced hospital stays. Aforementioned factors should boost the light therapy business growth. However, lack of awareness in underdeveloped economies may impede light therapy market growth during the forthcoming years.

Browse key industry insights spread across 175 pages with 260 market data tables & 9 figures & charts from the report, “Light Therapy Market Size By Product (Light Box, Floor & Desk Lamps, Light Visors, Handheld Devices For Skin Treatment [HDST], Dawn Simulator, Light Therapy Bulbs), By Application (Psoriasis, Vitiligo, Eczema, Acne Vulgaris, Winter Blues, Sleeping Disorders, Seasonal Affective Disorder [SAD]), By Light Type (Blue, Red, White), By End-use (Homecare Settings, Dermatology Clinics), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Japan, China, India, Australia, South Korea, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE), Application Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:

Blue light segment of light therapy market accounted for over 25% revenue share in 2018. Wide adoption of blue light in the treatment of numerous medical conditions and disorders such as seasonal effective disorder (SAD), acne vulgaris and others should boost the segmental growth. Increasing demand for blue light therapy in treatment of various skin disorders will further spur segment revenue.

Homecare settings segment accounted for more than USD 490 million revenue in 2018 and will exhibit similar trend during the forecast timeline. Rising demand for homecare and availability of handheld and user-friendly devices will augment segmental growth. Focus of manufacturers on developing light therapy devices that specifically solves health related issues at home by providing easy access and improved patient management will upsurge revenue size over the forecast period.

Some of the prominent business players operating in light therapy market include Aura Daylight, Beurer, BioPhotas, Chal-Tec, Koninklijke Philips, Lucimed, Lumie, Northern Light Technology, Nature Bright, Neutrogena, Photomedex, Sphere Gadget Technologies, Verilux and Zepter International. Major industry players undertake various inorganic strategies and aim towards initiating new product launch to maintain their financial stability. For instance, in October 2016, Neutrogena launched LED facial mask for treating acne. This mask emits blue and red LEDs that are specially used to cure acne vulgaris. The new product launch enabled company to strengthen existing product portfolio and broaden its customer base.

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