United States – March 28, 2022 —
Light Therapy Market Overview
MRFR (Market Research Future) believes that the light therapy market can surpass USD 1,112.16 Million at a rate of 5.1% during the forecast period. The drastic rise in dermatological cases like psoriasis, acne vulgaris and wrinkles in not only developed but developing countries as well, has raised the demand for light therapy. Widespread deployment of broad band (UVB) as well as narrow band ultraviolet (UVB) phototherapy for the treatment of various skin disorders will be a significant business opportunity for the light therapy market brands. Another growth rendering factor can be the heightened use of handheld devices as well as light boxes for treating certain skin issues. Light therapy helps accelerate cellular rejuvenation along with blood circulation, and the soaring awareness about these benefits among the mass should augment the market position in the years to come.
Some of the key UV light therapy methods include UVB phototherapy, psoralen, and ultraviolet A, which are enjoying significant demand to cut down symptoms associated with psoriasis. In certain cases, light therapy, coupled with topical tablets, brings down inflammation and curbs the generation of skin cells. Several vendors are focused on developing new advanced devices and equipment while emphasizing on product innovation to boost their profit margins.
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Light Therapy Market Segmentation
The light therapy industry has been divided with respect to product, application, light type, and end user.
The key products discussed in the MRFR study include dawn simulator, light therapy bulbs, handheld devices for skin treatment (HDST), floor and desk lamps, light visor, lightbox, and more. Light visors note heavy demand in the market and can anticipate the fastest growth in subsequent years. these products experience massive demand owing to their portability. They are mostly used to cut down the effects of jet lag, fatigue and SAD. However, the lead will be secured by the handheld devices segment, since these have extensive use in the treatment of several skin disorders and their surging deployment in homecare settings.
Light therapy has primary applications in seasonal affective disorder (SAD), eczema, vitiligo, psoriasis, acne vulgaris, and more.
The light types covered in the report include white light, blue light, red light, and more. The highest portion of the worldwide market belongs to the blue light segment, given its major use in the treatment of skin cancer as well as sun damage.
The end-users include dermatology clinics, home care settings, and others.
Light Therapy Market Regional Study
The Americas is set to rule the worldwide market from 2020 to 2027, most likely owing to the escalating preference for non-invasive procedures along with the huge burden of numerous dermatological disorders. With renowned brands in the region mostly focused on rigorous research & development activities, in conjunction with the heightened incidences of skin cancer and eczema, the United States market will fare well in the years ahead.
The light therapy market in Asia Pacific will chart the fastest growth pattern in the years ahead, given the rise in psychological issues such as anxiety & depression brought on by dermatological conditions. Global brands’ surging interest in establishing their business in countries in the region and the constant up-gradation of the healthcare infrastructure will further guarantee relentless business growth.
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Light Therapy Market Top Companies
Some of the renowned players active in the light therapy industry are
- Chal-Tec GmbH (Germany)
- Verilux (US)
- Zepter International (Switzerland)
- Koninklijke Philips (Netherlands)
- Lucimed SA (Belgium)
- BioPhotas (US)
- Northern Light Technology (Canada)
- Beurer (Germany)
- Nature Bright (Taiwan)
- Lumie (UK), and more.
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