Light Therapy Market Set to Reach $802.7 Million by 2031, Growing at 4.4% CAGR
Allied Market Research has recently published its latest research study titled ‘Global Light Therapy Market Outlook and Forecast 2021-2031.’ This comprehensive report conducts a thorough analysis of market risks, identifies promising opportunities, and offers valuable insights to support strategic and tactical decision-making from 2021 to 2031. The study divides the market into key regions that are driving its growth. Within the report, you’ll find information on market research and development, factors contributing to growth, and the evolving investment landscape of the Global Light Therapy Market. Notable players featured in the study include Merck Koninklijke Philips N.V., ZEPTER INTERNATIONAL, N.VVERILUX, BIOPHOSTAS INC. (CELLUMA), BEURER GMBH, TheraLight, LLC,
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Light Therapy Market Statistics: The global light therapy market was valued at $521.1 million in 2021, and is projected to reach $802.7 million by 2031, growing at a CAGR of 4.4% from 2022 to 2031.
Light Therapy Market Growth Drivers:
- Increasing Prevalence of Skin Disorders: The rising incidence of skin conditions such as psoriasis, eczema, acne, and vitiligo is a significant driver. Light therapy, particularly phototherapy, is widely used to treat these conditions, leading to increased demand for light therapy devices.
- Growing Awareness and Acceptance: There is a growing awareness and acceptance of light therapy among both patients and healthcare providers. As more clinical studies validate the efficacy and safety of light therapy for various conditions, its adoption is expanding.
- Rise in Seasonal Affective Disorder (SAD) Cases: Seasonal Affective Disorder, a type of depression related to changes in seasons, particularly during the winter months, is treated effectively with light therapy. The increasing diagnosis of SAD is propelling the demand for light therapy lamps.
- Advancements in Technology: Technological advancements have led to the development of more efficient, portable, and user-friendly light therapy devices. Innovations such as LED light therapy, wearable devices, and home-use products are making light therapy more accessible and convenient.
- Increasing Application in Dermatology and Aesthetic Treatments: Light therapy is not only used for medical conditions but also for aesthetic purposes such as anti-aging treatments, skin rejuvenation, and hair growth. This broad application base is expanding the market.
- Growing Mental Health Awareness: With increasing recognition of mental health issues and their impact on overall well-being, light therapy is gaining traction as a non-invasive treatment for conditions like depression and anxiety. This is further supported by the rising adoption of holistic and alternative treatment approaches.
- Supportive Government Initiatives and Funding: Government initiatives to promote mental health and well-being, along with funding for research on alternative treatments, are boosting the light therapy market. Public health campaigns and subsidies for treatment devices are also contributing to market growth.
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The segments and sub-section of Light Therapy Markets shown below:
By Product:
- Light Box
- Floor and Desk Lamps
- Light Visor
- Handheld Devices for Skin Treatment (HDST)
- Others
By Application:
- Skin conditions
- Mood and sleep conditions
By Light Type:
- Blue light
- Red light
- White light
- Others
Some of the key players involved in the Market are: Koninklijke Philips N.V., ZEPTER INTERNATIONAL, N.VVERILUX, BIOPHOSTAS INC. (CELLUMA), BEURER GMBH, TheraLight, LLC, NORTHERN LIGHT TECHNOLOGIES, LUCIMED S.A., LUMIE, JOHNSON AND JONSON, Verilux, Inc., NATURE BRIGHT, PHOTOMEDEX.INC
If opting for the Global version of Light Therapy Market; then below country analysis would be included:
– North America (USA, Canada and Mexico)
– Europe (Germany, France, the United Kingdom, Netherlands, Italy, Nordic Nations, Spain, Switzerland and Rest of Europe)
– Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India, Southeast Asia and Rest of APAC)
– South America (Brazil, Argentina, Chile, Colombia, Rest of countries etc.)
– Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Turkey, Nigeria, South Africa, Rest of MEA)
Key Questions Answered with this Study:
1) What makes Light Therapy Market feasible for long term investment?
2) How influencing factors influencing the demand of Light Therapy in the next few years?
3) Territory that may see steep rise in CAGR & Y-O-Y growth?
4) What geographic region would have better demand for products/services?
5) What opportunity emerging territory would offer to established and new entrants in Light Therapy Market?
6) What strategies of big players help them acquire share in mature market?
7) Know value chain areas where players can create value?
8) What is the impact analysis of various factors in the Global Light Therapy Market growth?
9) Risk side analysis connected with service providers?
Introduction about Light Therapy Market
Light Therapy Market Size (Sales) Market Share by Type (Product Category)
Light Therapy Market by Application/End Users
Light Therapy (Volume) and Market Share Comparison by Applications
Global Light Therapy and Growth Rate (2021-2031)
Light Therapy Competition by Players/Suppliers, Region, Type, and Application
Light Therapy (Volume, Value, and Sales Price) table defined for each geographic region defined.
Light Therapy Players/Suppliers Profiles and Sales Data
Key Raw Materials Analysis & Price Trends
Supply Chain, Sourcing Strategy and Downstream Buyers, Industrial Chain Analysis
……..and view more in complete table of Contents
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Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, LATAM, Europe, or Southeast Asia.
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