Light Therapy Market Size Is Projected To Reach USD 1,112.16 million, Enlisting a CAGR Of 5.10% By 2030

Market Overview:

The market research made on light therapy shows a potential growth of USD 1,112.16 million during the forecast timeline which is till 2030 with a CAGR of 5.10%.

Light therapy market also called phototherapy is a type of medical care in which artificial lighting is used. It is basically used for treating a depression condition called Seasonal Affective Disorder that comes with seasonal variation. The focus of this treatment is to ensure the patients are made up with enough sunshine which eventually they would have needed to survive and deal with the illness. The source of the light is well employed for simulating the natural sunshine which helps in the therapy. There are also many health-related issues that are treated with light which consists of other depression forms and sleeping disturbances. The light amount which is used in the treatment is quantified with a unit of measurement called lux gauges. The increased skin conditions prevalence that needs light therapy for treatment like acne, psoriasis, and wrinkles shall further contribute to the growth of this market during the forecast timeline. The increased narrow and bored band use of UV photography also helps in treating the skin-based disorder and thus would pace up industrial growth in a short time.

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The expansion of the market is driven by the increased number of benefits such therapy offers like the better circulation of the blood and cellular regeneration to name a few. There has also been an increase in the desire of the patient for some minor invasive process and also a surge in light therapy. Technology advancement shall further contribute to the expansion of the market in the years to come. The market further is anticipated to grow in a short time because of the reimbursement conditions in the developing nations along with a better increase in the blue light use for treating the skin condition. There are some common adverse effects from direct contact using the light source which may impede the expansion of the market in coming years.

There are some key market players, increased blue light therapy process and better investment in the development and research which are light therapy devices benefits.

The impact of Covid-19 on countries across the globe was quite negative and so was on the light therapy industry as well. There had been a shutdown and lockdown all over the world in different regions. The period of lockdown was imposed with some restrictions that further caused the light therapy restriction among the people.

Market Segmentation:

As per the Product:

• Light therapy bulbs
• Light visor
• LightBox
• Floor and desk lamps
• Handheld devices for skin treatment
• Dawn simulator

As per the Application:

• Psoriasis
• Eczema
• Seasonal Affective Disorder (SAD)
• Vitiligo
• Acne Vulgaris
• Sleeping Disorders

As per the Light Type:

• Blue light
• White light
• Red light

As per the End-users:

• Homecare settings
• Dermatology clinics
• Workplace
• Salons

Regional Classification:

The regional analysis made on the light therapy market states its bifurcation is done into Asia- Pacific, Europe, America, and the Middle East & Africa. Presently, North America is dominating the market with a good share because of the increased number of dermatological disorders.

Competitive Landscape Analysis

BioPhotas (US),Lucimed SA (Belgium),Lumie (UK),Chal-Tec GmbH (Germany),Koninklijke Philips (Netherlands),Verilux (US),Zepter International (Switzerland),Beurer (Germany),Nature Bright (Taiwan),Northern Light Technology (Canada)

Industry News:

The increase in illness and disorders need light therapy as a treatment component that can help the industry of light therapy get a better boost.

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