Light Therapy Market
Description
Light Therapy Market, By Product Type (Light Box, Lamps, Light Visor, Dawn Simulator, Light Therapy Bulbs, Handheld Devices), By Light Type (White Light, Blue Light, Red Light, Others (Yellow and Green Light, etc)), By End User (Dermatology Clinics, Home Care Settings, Others ( Workplace, Salons)), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
Light therapy, also called phototherapy or heliotherapy, uses fluorescent light bulbs, sunlight, light-emitting diodes (LEDs), and other sources of light for the treatment of medical conditions such as neurological disorders, skin disorders, jaundice, and others. The therapy uses visible light of various wavelengths that produce positive effects on the human body, for example, red and near-infrared light, blue light, and green light. The red and near-infrared light targets the mitochondria of the cells to boost cellular energy production, which provides healing effects throughout the body. Blue light provides an antimicrobial effect, so it is used for the treatment of skin disorders such as acne and others, and green light has been found beneficial for reducing the frequency and intensity of migraines.Market Dynamics
Market players indulge in inorganic activities such as partnerships with distributors, which may increase the customer base, and this in turn is expected to drive growth of the market over the forecast period. For instance, on January 2, 2020, LightStim, a manufacturer of handheld LED therapy devices, entered into a partnership with AestheticSource, a distributor of aesthetic products. This agreement is expected to increase patient access to light therapy products.
Key players are also engaged in launching new and innovative products, which is expected to support growth of the market over the forecast period. For instance, on December 3, 2020, GlobalMed Technologies launched Omnilux Contour, a line of home-use LED light therapy products based on Omnilux Medical technology. Moreover, GlobalMed Technologies also launched its new store online, where all the light products are available for sale.
Key features of the study:
- This report provides an in-depth analysis of the global light therapy market and provides market size (US$ Million) and compound annual growth rate (CAGR) for the forecast period (2023–2030), considering 2022 as the base year It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global light therapy market based on the following parameters– company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this study include Koninklijke Philips N.V., Verilux, Inc., Northern Light Technology, TheraLight, LLC, Zepter International, Photomedex Inc., Beurer GmbH, Nature Bright, Lucimed SA, Lumie, PhotonMD, Inc., Aura Daylight, Sphere Gadget Technologies, BioPhotas, Chal-Tec, Johnson and Johnson, and Carex Health Brands Inc.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- Global light therapy market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global light therapy market.
- By Product Type:
- Light Box
- Lamps
- Light Visor
- Dawn Simulator
- Light Therapy Bulbs
- Handheld Devices
- By Light Type:
- White Light
- Blue Light
- Red Light
- Others (Green and Yellow Light)
- By End User:
- Dermatology Clinics
- Home Care Settings
- Others (Salons, etc.)
- By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
- Company Profiles
- Koninklijke Philips N.V.
- Verilux, Inc.
- Northern Light Technology
- TheraLight, LLC
- Zepter International
- Photomedex Inc.
- Beurer GmbH
- Nature Bright
- Lucimed SA
- PhotonMD, Inc.
- BioPhotas
- Chal-Tec GmbH
- Johnson and Johnson
- Carex Health Brands Inc.
Table of Contents
154 Pages
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