Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Light Therapy Market – Insights

Light therapy is used for the treatment of seasonal affective disorder (SAD) and certain other conditions such as circadian rhythm sleep disorders and skin diseases by exposure to artificial light.

Statistics:

The global light therapy market is estimated to account for US$ 832.6 Mn in terms of value in 2019 and is estimated to reach US$ 1,217.7 Mn by the end of 2027.

Global Light Therapy Market: Drivers

Increasing prevalence of SAD is expected to boost growth of the global light therapy market over the forecast period. For instance, according to an article published by the University of Utah in September 2018, in 2016, 10 million people in the U.S. suffered from SAD, which increased to 19 million in 2018.

Moreover, increasing use of light therapy devices for the treatment of musculoskeletal injuries is also expected to propel growth of the market. Light therapy offers various advantages such as reduction of discomfort of pain and inflammation while promoting blood flow and the body’s own tissue repair mechanisms.

North America region held dominant position in the global light therapy market in 2018, accounting for 43.1% share in terms of value, followed by Europe.

Light Therapy  | Coherent Market Insights

Global Light Therapy Market: Restraints

Use of high intensity light for the treatment of neurological disorders such as bipolar and multiple sclerosis may lead to post treatment side effects such as nausea, cough, and dizziness. This in turn is expected to hinder growth of the global light therapy market

Moreover, use of light therapy for people with drug resistant non-seasonal depression can result in a hyperactive state called mania, which is also expected to hamper growth of the market.

Global Light Therapy Market: Opportunities

Ultraviolet (UV) light therapy approaches such as UVB phototherapy and psoralen plus ultraviolet A (PUVA) can be used in decreasing the symptoms of psoriasis. The therapy can also be used in combination with topical medication or tablets to reduce inflammation and slow the production of skin cells. Therefore, key players in the market can focus on new product development for the treatment of psoriasis to enhance their market share.

Light therapy can also be used with plant-derived substance called psoralen for the treatment of vitiligo. The approach is effective especially for widespread lesions occurring in adults.

Therefore, extended use of light therapy for the treatment of various diseases is also expected to aid in growth of the market.

Light Therapy  | Coherent Market Insights

Light Box sub segment in product type segment in the global light therapy market was valued at US$ 352.0 Mn in 2018 and is expected to reach US$ 516.5 Mn by 2027 at a CAGR of 4.3% during the forecast period.

Market Trends/Key Takeaways

The market is witnessing increasing demand for blue light therapy for sun damage and skin cancer prevention. Moreover, blue light therapy can also be used as a treatment for depression. The light used in the therapy is a natural violet or blue light and it is considered a pain-free procedure. Therefore, the demand for blue light therapy is expected to increase in the near future.

The use of LED light boxes for the treatment of SAD has proven to be as effective as conventional tube bulb SAD light devices, which has significantly increased their demand in the recent past.

Global Light Therapy Market: Competitive Landscape

Major players operating in the global light therapy market include, Koninklijke Philips N.V., Verilux, Inc., Northern Light Technology, TheraLight, LLC, Zepter International, Photomedex Inc., Beurer, Nature Bright, Lucimed SA, Lumie, PhotonMD, Inc., Aura Daylight, and Sphere Gadget Technologies.

Global Light Therapy Market: Key Developments

Key players in the market are focused on launching new products to expand their product portfolio. For instance, in November 2019, TheraLight, LLC launched its TheraLight FIT – an advanced light therapy technology that used LED with both Red and IR wavelengths – for total body Photobiomodulation (TBP) system.

Key players in the market are also focused on conducting clinical trials to expand their product portfolio. For instance, in September 2019, PhotonMD, Inc., a technology company specializing in the advancement of precise light-based medical treatments, announced that its pivotal clinical trial that assessed a series of hair growth devices, including REVIAN RED, an all-LED cap for the treatment of androgenetic alopecia, offered positive topline results.

Light therapy, also referred to as phototherapy, and is a type of therapy that involves exposure to light that is brighter than indoor light though not as bright as direct sunlight. This therapy is often used in the treatment of conditions such as depression, jet lag, and sleep disorders. Light therapy employs light with wavelengths ranging from 390 nm – 1,100 nm that uses LED, fluorescent lamps, polychromatic polarized or full-spectrum to administer a certain amount of time during a specific time of the day. Light therapy is also used to treat seasonal affective disorder (SAD), as it helps reset the circadian rhythms, which controls the sleep-wake cycle. Light therapy causes photo-oxidation and thus a primary treatment method for neonatal jaundice, eczema, and psoriasis. Narrow band ultraviolet (UVB) and broad band UVB phototherapy are issued for treatment of skin disorders.

Restraints of the Global Light Therapy Market

Growth of the light therapy market is expected to be hampered due to shortage of funding for light therapy research and post treatment side effects.

Key features of the study:

  • This report provides 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 (2019–2027), considering 2018, as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global light therapy market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, strategies, and future plans
  • 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, Nature Bright, Lucimed SA, Lumie, PhotonMD, Inc., Aura Daylight, and Sphere Gadget Technologies.
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
  • The 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 market.

Detailed Segmentation

  •  Global Light Therapy Market, By Product Type:
    • Light Box
    • Lamps
    • Light Visor
    • Dawn Simulator
    • Light Therapy Bulbs
    • Handheld Devices – Skin Treatment
  • Global Light Therapy Market, By Light Type:
    • White Light
    • Blue Light
    • Red Light
    • Others
  • Global Light Therapy Market, By End User:
    • Dermatology Clinics
    • Home Care Settings
    • Others (Workplace, Salons)
  • Global Light Therapy Market, By Geography:
    • North America
      • By Product Type
        • Light Box
        • Lamps
        • Light Visor
        • Dawn Simulator
        • Light Therapy Bulbs
        • Handheld Devices – Skin Treatment
      • By Light Type:
        • White Light
        • Blue Light
        • Red Light
        • Others
      • By End User
        • Dermatology Clinics
        • Home Care Settings
        • Others (Workplace, Salons)
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Product Type
        • Light Box
        • Lamps
        • Light Visor
        • Dawn Simulator
        • Light Therapy Bulbs
        • Handheld Devices – Skin Treatment
      • By Light Type:
        • White Light
        • Blue Light
        • Red Light
        • Others
      • By End User
        • Dermatology Clinics
        • Home Care Settings
        • Others (Workplace, Salons)
      • By Country:
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type
        • Light Box
        • Lamps
        • Light Visor
        • Dawn Simulator
        • Light Therapy Bulbs
        • Handheld Devices – Skin Treatment
      • By Light Type:
        • White Light
        • Blue Light
        • Red Light
        • Others
      • By End User
        • Dermatology Clinics
        • Home Care Settings
        • Others (Workplace, Salons)
      • By Country:
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • By Product Type
        • Light Box
        • Lamps
        • Light Visor
        • Dawn Simulator
        • Light Therapy Bulbs
        • Handheld Devices – Skin Treatment
      • By Light Type:
        • White Light
        • Blue Light
        • Red Light
        • Others
      • By End User
        • Dermatology Clinics
        • Home Care Settings
        • Others (Workplace, Salons)
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East:
      • By Product Type
        • Light Box
        • Lamps
        • Light Visor
        • Dawn Simulator
        • Light Therapy Bulbs
        • Handheld Devices – Skin Treatment
      • By Light Type:
        • White Light
        • Blue Light
        • Red Light
        • Others
      • By End User
        • Dermatology Clinics
        • Home Care Settings
        • Others (Workplace, Salons)
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type
        • Light Box
        • Lamps
        • Light Visor
        • Dawn Simulator
        • Light Therapy Bulbs
        • Handheld Devices – Skin Treatment
      • By Light Type:
        • White Light
        • Blue Light
        • Red Light
        • Others
      • By End User
        • Dermatology Clinics
        • Home Care Settings
        • Others (Workplace, Salons)
      • By Country/Region:
        • Central Africa
        • South Africa
        • North Africa
  • Company Profiles
    • Koninklijke Philips N.V.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
    • Verilux, Inc.
    • Northern Light Technology
    • TheraLight, LLC
    • Zepter International
    • Photomedex Inc.
    • Beurer
    • Nature Bright
    • Lucimed SA
    • Lumie
    • PhotonMD, Inc.
    • Aura Daylight
    • Sphere Gadget Technologies

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Light Type
      • Market Snippet, By End User
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Developments
    • Technological Advancement
    • Regulatory Scenario
  4. Global Light Therapy Market, By Product Type, 2017 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019–2027
      • Segment Trends
    • Light Box
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
      • Segment Trends
    • Lamps
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
      • Segment Trends
    • Light Visor
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
      • Segment Trends
    • Dawn Simulator
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
      • Segment Trends
    • Light Therpay Bulbs
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
      • Segment Trends
    • Handheld Devices - Skin Treatment
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
      • Segment Trends
  5. Global Light Therapy Market, By Light Type, 2017 – 2027 (US$ Mn)
    •  Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019–2027
      • Segment Trends
    • White Light
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
    • Blue Light
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
    • Red Light
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
  6. Global Light Therapy Market, By End User, 2017 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019–2027
      • Segment Trends
    • Dermatology Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
    • Home Care Settings
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
    • Others (Workplace, Salons)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
  7. Global Light Therapy Market, By Regions, 2017 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019–2027
      • Segment Trends
    • North America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Europe
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
        • North Africa
        • Central Africa
        • South Africa
  8. Competitive Landscape
    • Company Profiles
      • Koninklijke Philips N.V.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Verilux, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Northern Light Technology
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • TheraLight, LLC
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Zepter International
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Photomedex Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Beurer
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Nature Bright
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Lucimed SA
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Lumie
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • PhotonMD, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Aura Daylight
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Sphere Gadget Technologies
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 34 market data tables and 24 figures on “Light Therapy Market – Global forecast to 2027.

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