The latest research report by Emergen Research, named ‘Global Light Therapy Market - Forecast to 2032 The report is updated with the latest economic scenario and market scope with regard to the ongoing COVID-19 pandemic. The report covers growth prospects as well as current and futuristic revenue estimations in a post COVID scenario. The report also covers changing trends and market dynamics due to the pandemic and provides an accurate impact analysis of the crisis on the overall market.
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.
Key participants include
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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Drivers:
Several factors drive the growth of the Light Therapy market. One primary driver is the growing recognition of the efficacy and safety of light therapy as a non-invasive and drug-free treatment modality for various medical and psychological conditions. Clinical research and evidence-based studies have demonstrated the therapeutic effects of light therapy in alleviating symptoms of seasonal affective disorder (SAD), depression, insomnia, and other circadian rhythm disorders, driving its adoption by healthcare professionals and patients alike. Additionally, the increasing prevalence of skin conditions such as psoriasis, acne, and eczema has fueled demand for phototherapy devices as effective treatment options with minimal side effects.
Research Methodology
Emergen Research follows a cohesive methodology to reduce the residual errors to a minimum level by refining the scope, validating through primary insights, and nurturing the in-house database on a regular basis. A dynamic model is formulated to capture the regular fluctuations in the market and thereby, being updated with any shifts in the market dynamics. The parameters and variables involved in the research vary depending on individual markets and most importantly, both demand and supply side information is included in the model to identify the market gap.
Key Objectives of the Global Light Therapy Market Report:
- An all-inclusive analysis and forecast estimation of the market have been included in this report.
- The report offers valuable insights into the major drivers, limitations, opportunities, and challenges faced by the global Light Therapy Market
- and its leading players.
- The report sheds light on the prominent market contenders, as well as their business strategies and long-term expansion plans.
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Restraints:
Despite its growth potential, the Light Therapy market faces certain restraints. One challenge is the limited awareness and understanding of light therapy among healthcare providers and consumers, which may hinder its widespread adoption and integration into clinical practice. Education and training initiatives are needed to ensure that healthcare professionals are knowledgeable about the indications, contraindications, and proper administration of light therapy treatments. Moreover, cost constraints and reimbursement limitations may pose barriers to access for patients seeking light therapy services, particularly in regions with limited healthcare coverage or insurance support for alternative therapies.
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
Regional Overview:
The global Light Therapy Market market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Light Therapy Market market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements
The report considers the following timeline for market estimation:
- Historical Years: 2017-2018
- Base Year: 2019
- Estimated Year: 2027
- Forecast Years: 2020-2027
Global Light Therapy Market Report – Table of Contents:
- Chapter 1 includes the global Light Therapy Market market introduction, followed by the market scope, product offerings, growth opportunities, market risks, driving forces, and others.
- Chapter 2 broadly categorizes the Light Therapy Market market on the basis of geography, and determines the sales, revenue, and market shares of each region over the estimated period.
- Chapter 3 elaborates on the competitive outlook of the Light Therapy Market market, focusing on the major manufacturers and vendor landscape.
- Chapter 4 exhaustively studies the key manufacturers of the Light Therapy Market industry, along with their anticipated sales and revenue shares.
- Chapters 5 includes market segmentation based on product type, application range, and market players.
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About Emergen Research
Emergen Research is a Market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
