Light Therapy Market Share, Trends and Forecast 2032
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.
Some of the key factors driving the growth of the global Light Therapy market include expanding R&D efforts to develop novel Light Therapy products for a variety of applications and rising demand for mercury control technology for industrial air purification. The most recent data on the COVID-19 pandemic market condition is provided in the research. The investigation indicates that COVID-19 plays a vital role in the market's dynamically altered environment. The study carefully investigates how the pandemic has altered market dynamics and trends while also precisely analysing how the crisis has impacted the market as a whole.
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Effect of COVID-19 on the global market for Light Therapy
The COVID-19 pandemic had a significant negative influence on the market for Light Therapy in 2020, significantly decreasing its CAGR. In 2020, manufacturers and suppliers of Light Therapy were significantly impacted by federal and national safety and legal orders. The majority of businesses have been impacted by the COVID-19 pandemic. Mandates for business closures, restricted municipal and state government office activities, and social conventions of distance had an impact on the production of Light Therapy in 2020. Additionally, demand for Light Therapy decreased across a range of end-use sectors. The pandemic epidemic also resulted in a decline in global investments in the water sector.
Light Therapy market : Competitive Landscape
The prominent players operating in the Light Therapy market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the Light Therapy market .
Some of the prominent players operating in the market are:
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
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The research study examines historic data from 2018 and 2020 to draw forecasts until 2028. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.
Key questions answered in the report:
What will be the development pace of Light Therapy market ?
What are the key factors driving the Global Light Therapy market ?
Who are the key manufacturers in the market space?
What are the openings, hazards, and outline of the market?
What is sales, revenue, and price analysis of top manufacturers of Light Therapy market ?
Who are the distributors, traders, and dealers of Light Therapy market ?
What are the Light Therapy market opportunities and threats faced by the vendors in the Global Light Therapy industries?
What are deals, incomes, and value examinations by types and utilizations of the market?
What are deals, income, and value examinations by areas of enterprises?
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Segments Covered in this report are:
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
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Regional Bifurcation of the Light Therapy market Includes:
- 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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About Emergen Research
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