February 21, 2020
According to a recent study titled ‘Light Therapy Market Size By Product (Light Box, Floor & Desk Lamps, Light Visor, Handheld Devices For Skin Treatment [HDST], Dawn Simulator, Light Therapy Bulbs), By Application (Psoriasis, Vitiligo, Eczema, Acne vulgaris, Winter Blues, Sleeping Disorders, Seasonal Affective Disorder [SAD]), By Light Type (Blue, Red, White), By End-use (Home care settings, Dermatology clinics) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Japan, China, India, Australia, South Korea, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE), Application Potential, Competitive Market Share & Forecast, 2019 – 2025’ available with Market Study Report LLC, the global light therapy market is anticipated to cross USD 1 billion by the year 2025.
Rising cases of mental illness like depression are expected to proliferate light therapy market size. Usually, light therapy includes exposure to artificial light and is prominently used for treating jet lag, depression, and sleep disorders. It is highly beneficial for patients with depression as it helps to reset the circadian rhythm by adjusting the sleep-wake cycle. Therefore, increasing usage of light therapy for the treatment of numerous medical conditions will expedite light therapy industry growth over the forthcoming years.
Light visors are compact lightening items which offer flexibility and convenience. Earlier in 2018, the segment had accounted for USD 79 million and is expected to record noteworthy gains in the coming years. Rising adoption of these products in novel applications like in-flight treatment will fuel the demand for light visors over the predicted timeframe.
Psoriasis is often defined as a chronic skin disorder caused due to overactive immune system leading to inflammation, flaking, and red patches. As per the report, in 2018, psoriasis application segment held over 20% revenue share of light therapy market and is projected to observe substantial growth by 2025. The presence of a large patient pool suffering from psoriasis in developing and developed nations is anticipated to expand the business outlook.
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Growing occurrence of dermatological disorders along with mounting demand for aesthetic procedures in Asia Pacific will drive the regional business growth in the forthcoming years. Estimates predict that APAC light therapy industry will cross USD 250 million by 2025. Meanwhile, increasing healthcare expenditure in China, Japan, and India is supplementing the light therapy market growth in Asia Pacific.
The prominent companies functioning in light therapy market are Zepter International, Verilux, Sphere Gadget Technologies, Photomedex, Neutrogena, Nature Bright, Northern Light Technology, Lumie, Lucimed, Koninklijke Philips, Chal-Tec, BioPhotas, Beurer, and Aura Daylight among others.
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