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The light therapy market size is estimated to grow by USD 236.10 million at a CAGR of 4.36% between 2023 and 2028. The growing demand for light therapy among domestic, commercial, and healthcare end-users is encouraging companies to enhance their capabilities. Given the value-added features, online sales demand is growing such as home-based shopping, comparison between products, price, packaging, and flexibility of payment options. The light therapy market is rapidly growing due to rising awareness of its benefits in treating various conditions. Light therapy uses different wavelengths to treat skin disorders, seasonal affective disorder (SAD), depression, and sleep-related issues. Major applications include dermatology (acne, psoriasis), mood disorders, sleep disorders, and wound care, making it a versatile tool in health and wellness. The demand for light therapy products also increases at an exponential rate during the winter season to aid people living in European and North American countries to overcome the winter blues. Domestic consumers are helping to select the correct products because of an increasing acceptance of internet sales in advanced countries, due to increased internet penetration, which is increasing sales. The adoption of online purchasing allows end-users to choose the products that they require.
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The global light therapy market is experiencing a period of rapid evolution, driven by a combination of factors, including changing consumer preferences, advancements in technology, and growing awareness of the benefits of light therapy. Key trends shaping the industry include a shift towards personalized light therapy devices, the increasing popularity of blue light therapy for sleep disorders and mood disorders, and a growing focus on the efficacy and safety of light therapy treatments. As consumers become more health-conscious and seek natural and effective solutions for various health conditions, there is a rising demand for light therapy devices. Additionally, advancements in technology have led to the development of more compact, portable, and affordable light therapy devices, making them more accessible to a wider range of consumers. The light therapy market is also witnessing a shift towards personalized devices that can be customized to meet individual needs and preferences. Overall, the global light therapy market presents both challenges and opportunities for businesses, as they navigate the evolving landscape and strive to meet the changing needs of consumers.
The light therapy market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments
The market share growth by the commercial segment will be significant during the forecast period. Commercial end-users include corporate offices, hotels, and spas. These end-users use light therapy products such as floor and desk lamps as a source of artificial sunlight. Spa and beauty centers use portable devices that use LED light as a source.
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The commercial segment was valued at USD 371.70 million in 2018. A number of skin care services are also provided in spas and beauty salons, requiring such products, such as handheld LED lights. The increase in the number of spas and salons is increasing the use of various such products, which is expected to fuel the growth of wellness tourism during the forecast period.
Blue light
Blue light is a type of visible light with a relatively short wavelength and high energy. It is often used in light therapy, a treatment approach that involves exposure to specific wavelengths of light to address various health and wellness issues. Owing to the popularity of blue used in several areas such as skin conditions treatments, psoriasis, and mood disorders treatment, the popularity of the segment has grown in recent times. To help people adjust to changing work schedules or overcome jet lag, blue light therapy may be used that promote alertness while adjusting the body's internal clock toward a new time zone. Vast and wide usage of the treatment of it is expected to grow in the upcoming years, fueling the growth of the market during the forecast period.
Red Light
Red light therapy is a form of therapy that uses red or near-infrared light to treat a variety of health and wellness issues. Red light therapy is also known as low-level light therapy (LLLT) or photobiomodulation. It involves exposing the body to specific wavelengths of red or near-infrared light to stimulate cellular activity and promote healing. More and more people are seeking holistic health and well-being in support of their overall well-being, which is accompanied by the growing need to find alternative or complementary therapies such as compression therapy or light therapy. It aligns with this trend by offering a non-pharmaceutical approach to various health concerns, which contributes to light therapy market growth during the forecast period.
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North America is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that will shape the market during the forecast period. Due to the cold climate in North America, the demand is increasing. States such as Alaska, North Dakota, and Minnesota in the US experience extreme cold, which increases the prevalence of winter blues and SAD. To avoid these conditions, light therapy is preferred by domestic and commercial end-users.
Moreover, domestic end users commonly use such products, such as light therapy boxes, as a substitute for sunlight. The increasing use of light therapy products provides opportunities for companies to increase their sales. The increase in disposable income and the purchasing power of people in developed countries such as the US and Canada also increase the demand for light therapy products. The above factors will fuel light therapy market growth in this region during the forecast period.
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The market addresses various mental health conditions like clinical depression, considering genetic, biological, and psychological factors. Utilizing devices such as lightbox and light therapy lamps, it aims to regulate circadian rhythms and mitigate symptoms. Innovations like dawn simulators and light visor segments offer tailored solutions. Additionally, for specific needs, ultrasonic waves play a role, particularly for aircraft travelers combating jet lag. Light therapy also impacts melatonin hormones, crucial for sleep regulation. Beyond mental health, it extends to conditions like vitiligo, eczema, and sleeping disorders, where light therapy's influence on biological processes is leveraged as part of insomnia therapeutics. As research progresses and awareness grows, the market continues to expand, offering hope for those seeking non-invasive solutions to manage mental health and other related conditions. There are multiple factors influencing market growth. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges.
The global light therapy market is undergoing a period of significant transformation, driven by a confluence of factors, including changing consumer preferences, advancements in technology, and growing awareness of the benefits of light therapy. Key trends shaping the industry include a shift towards personalized light therapy devices, the increasing popularity of blue light therapy for sleep disorders and mood disorders, and a growing focus on the efficacy and safety of light therapy treatments. As consumers become more health-conscious and seek natural and effective solutions for various health conditions, there is a rising demand for light therapy devices. Additionally, advancements in technology have led to the development of more compact, portable, and affordable light therapy devices, making them more accessible to a wider range of consumers. The light therapy market is also witnessing a shift towards personalized devices that can be customized to meet individual needs and preferences. Overall, the global light therapy market presents both challenges and opportunities for businesses, as they navigate the evolving landscape and strive to meet the changing needs of consumers.
The growing prevalence of skin disorders is driving growth in the market. Skin diseases are sometimes treated with less attention than infectious conditions when assigning priorities for health, like pneumonia and tuberculosis. The demand for various aesthetic treatments, such as laser surgery, is growing due to the increasing number of people who are conscious of their appearance.
Moreover, light therapy products, such as handheld devices, are used in these settings during the post-treatment phase and for home-based patient care services. In order to prevent various skin problems, dermatologists advise the use of small LED lamps such as blue and red lights. Hence, the growing prevalence of skin disorders drives light therapy market growth during the forecast period.
The growing use of lightboxes to avoid winter blues is a key trend in the market. In the colder countries of Western Europe and North America, a light box is installed in order to limit the occurrence of winter blues. During winter, these countries have limited exposure to natural sunlight. Hence, people living in these countries are vulnerable to various medical conditions such as SAD.
In addition, light therapy products such as light therapy boxes are used by consumers to provide bright white light, which mimics sunlight. The light boxes help to maintain a proper level of vitamin D in the body. In addition, they're adjusting and maintaining the night cycle of people, which helps prevent sleep apnea and SAD. The growing adoption of light therapy boxes in countries in Western Europe and North America is driving light therapy market growth during the forecast period.
The low demand for light therapy products is a major challenge in the market. The demand for these products is affected by product availability, service providers, and skilled professionals. The low number of dermatology treatments such as acne care, scars, and wrinkles in developing countries is limiting the use of various products such as handheld light therapy devices.
However, the lack of skilled professionals affects the growth of the market. Market growth is also hampered by the limited availability of products and a lack of knowledge regarding their use in light therapy. The limited availability of products through online platforms is limiting their use in clinical applications. In developing countries, the low demand for products such as in Asia and MEA is a major challenge for the growth of the market, which will negatively impact light therapy market growth during the forecast period.
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The light therapy market report includes the adoption lifecycle of the market research and growth, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the light therapy market forecasting report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Aura Medical LLC- The company offers light therapy products such as Aura Daylight Lamp and Aura EnergyUp Wake-up Light with 1000 LUX.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The light therapy market experiences significant trends driven by advancements in laser technology and phototherapy, offering non-invasive therapies for various conditions like acne vulgaris and chronic insomnia. With a focus on portability and wireless communication, innovative devices like light visors and microcurrents cater to home healthcare needs, addressing concerns such as sleep disorders and joint inflammation. Regulatory approvals such as 510(k) applications ensure safety and efficacy in treating depression and skin conditions like sun damage. However, challenges persist, including addressing genetic, biological, and environmental factors influencing conditions like Parkinson's disease and mental health disorders. Investments in research aim to harness light therapy's potential in mitigating pain, inflammation, and neurological disorders like Parkinson's.
In addition, leveraging technological advancements in healthcare addresses mental health conditions influenced by genetic and biological factors. Dosage regulation is key, with innovations like hand-held devices for skin treatment offering precise control. Beyond mental health, light therapy alleviates issues like eye fatigue, sleeping disorders, and SAD/Winter blues, exacerbated by unhealthy lifestyles. Dermatology clinics utilize therapies like heliotherapy and white light therapy to combat redness, aging indicators, and conditions like cold sores. Regulated medical devices ensure safety, while ongoing research explores the benefits for conditions such as arthritic symptoms, skin cancer, and neurodegenerative disorders. As awareness grows and adoption increases, the market continues to evolve, offering promising solutions for various health concerns.
The light therapy market is gaining momentum due to rising healthcare expenditure and technological advancements in healthcare. It addresses skin-related diseases like acne and psoriasis, depressive disorders such as clinical depression, and seasonal affective disorder (SAD), commonly known as winter blues. Light radiation, particularly low-wavelength red light, plays a crucial role in treatments. Factors such as genetic factors, biological factors, psychological factors, and environmental factors contribute to mental health conditions, neurodegenerative disorders, and sleeping disorders, which are further influenced by circadian rhythm disruption. Sedentary lifestyles, lack of physical activities, and unhealthy diet exacerbate these issues. Light therapy enhances dopamine production, targets mitochondria and nerves, and is emerging as an alternative to topical skin treatments. It offers promising solutions for individuals affected by these complex conditions.
Market Scope |
|
Report Coverage |
Details |
Page number |
169 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.36% |
Market Growth 2024-2028 |
USD 236.1 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.11 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 39% |
Key countries |
US, Germany, Japan, China, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Acupressure Health Care International, Aura Medical LLC, Beurer GmbH, Biophotas, Compass Health Brands, Demyk Lightmod Products Inc., Johari Digital India Ltd., Johnson and Johnson Services Inc., Koninklijke Philips N.V., Light Sources Inc., Lucimed SA, Lumie, Nature Bright, Northern Light Technologies Inc., Photomedex Inc., Red Light Man Ltd., Skrip Electronics, Ultrasun International B.V., Verilux Inc., and Zepter International |
Market dynamics |
Parent market growth analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the market forecast period. |
Customization purview |
If our light therapy market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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