About Light Therapy Lamp
Light therapy lamps are medical devices that emit artificial light to help people feel better. They're commonly used to treat seasonal affective disorder (SAD), depression, dementia, and jet lag, among other things. Although the precise cause of SAD is unknown, evidence suggests that it is related to changes in circadian rhythm, serotonin levels, and light sensitivity in the eyes. The use of a light therapy lamp (or a sun lamp) is thought to help reset the sleep-wake cycle by influencing the body's regulation of melatonin and other critical brain chemicals.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.1% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Light Therapy Lamp market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Philips (Netherlands), Beurer (Germany), Lumie (United Kingdom), LloydsPharmacy (United Kingdom), Compass Health Brands (United States), Duronic (United Kingdom), Circadian Optics (United States), Northern Light Technologies (Canada), LightSources (United States) and Verilux, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are AuraDayLight (United States) and LifePro Fitness (United States).
Segmentation Overview
AMA Research has segmented the market of Global Light Therapy Lamp market by Type (Desk Lamps, Wall-mounted Fixtures and Portable), Application (Seasonal Affective Disorder (SAD) Treatment and Skin Disorder Treatment) and Region.
On the basis of geography, the market of Light Therapy Lamp has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Light , the sub-segment i.e. Fluorescent will boost the Light Therapy Lamp market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Light Therapy Lamp market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Home Care will boost the Light Therapy Lamp market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advancement In The Medical Healthcare System and Technological Innovation In Lighting Of Therapy Lamps
Market Growth Drivers:
Rising Incidences Of Skin Related Disorders and Growing Awareness About Personal Care
Challenges:
High Cost Associated With Light Therapy Lamps and lack Durability of Light Therapy Lamps
Restraints:
Presence Of Alternative Product At Low Price In Market and Harmful Side Effects Of Lighting Of Therapy Lamps
Opportunities:
Growing The Sales Of Light Therapy Lamp Online Platform and Growing Concerns Related To Mental Health And For Various Depression Therapies Rising Demand Of Light Therapy
Market Leaders and their expansionary development strategies
In May 2023, Moodozi is a new and innovative technology that uses light therapy to help users fall asleep, uplift their moods, and promote positive mental health. It is not your usual SAD lamp. The manufacturers have created this unique product with incredible features that makes it stand out in the market.
On 14 October 2021, Lifepro, industry leader in wellness and recovery equipment, announced its Red Light Therapy line, aimed at providing access to non-invasive wellness care at a competitive price. Each product targets different points on the body to provide a full suite of support for a variety of ailments and wellness goals.
Key Target Audience
Light Therapy Lamp Manufacturers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.