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.
For example, Body Balance System, a Las Vegas-based company makes zero-gravity beds filled with small red lights or diodes due to its health and skin benefits such as fat loss, pain relief, muscle recovery after a workout, and others. In addition, researchers in Brazil have been studying about effects of low-level laser therapy on thyroid gland and found that patients who received therapy were able to reduce their levothyroxine dose, while 47% were able to discontinue levothyroxine and have normal thyroid function during the nine-month follow-up.
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Global Light Therapy Market research report describes in detail the vital aspects of the Light Therapy Market on a global and regional level. The report offers a comprehensive assessment of recent technological developments, product advancements, current and emerging trends, key statistical data, forecast estimation, and major companies operating in the market. The report covers the impact of the pandemic on the Light Therapy Market industry with a special focus on the affected key segments of the industry.
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
End-use Outlook (Revenue, USD Billion; 2019–2030)
Dermatology Clinics
Homecare Settings
Others
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The report also studies the key companies of the Light Therapy market along with analysis of their business strategies, M&A activities, investment plans, product portfolio, financial standing, gross profit margin, and production and manufacturing capacities.
The leading market contenders listed in the report are as follows:
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.
Regional Segmentation
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Light Therapy market?
What are the key product types and applications of the Light Therapy industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
How is the competitive landscape of the Light Therapy market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the Light Therapy Market by 2030?
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