What is Red Light Therapy?
Red light therapy (RLT) is a treatment that allegedly improves the appearance of skin by reducing wrinkles, scars, redness, and acne by using low wavelength red light. It's also said to help with a variety of other ailments. The expansion of the light therapy market is being fueled by an increase in the frequency of skin-related disorders and a growing awareness of personal care. Psoriasis, vitiligo, and eczema are just a few of the skin illnesses that can be treated with light therapy. Additionally, rising demand for non-invasive treatments and increased awareness of light therapy would significantly boost market revenue.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Koninklijke Philips N.V. (Netherlands), Verilux, Inc. (United States), Northern Light Technology (Canada), TheraLight, LLC (United States), Zepter International (Switzerland), Photomedex Inc. (United States), Beurer GmbH (Germany), Lucimed SA (Europe), BioPhotas (United States) and Chal-Tec GmbH (Germany) |
CAGR | % |
The market study is broken down, by Application (Psoriasis, Cancer, Acne Vulgaris, Seasonal Affective Disorder, Neonatal Jaundice, Vitiligo, Sleeping Disorders, Mood Disorders and Others) and major geographies with country level break-up.
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Red Light Therapy market throughout the predicted 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.
Koninklijke Philips N.V. (Netherlands), Verilux, Inc. (United States), Northern Light Technology (Canada), TheraLight, LLC (United States), Zepter International (Switzerland), Photomedex Inc. (United States), Beurer GmbH (Germany), Lucimed SA (Europe), BioPhotas (United States) and Chal-Tec GmbH (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Johnson & Johnson (United States) and Carex Health Brands Inc. (United States).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Red Light Therapy market by Type, Application and Region.
On the basis of geography, the market of Red Light Therapy 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 Product Type, the sub-segment i.e. LightBox will boost the Red Light Therapy 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. Homecare Settings will boost the Red Light Therapy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In August 2021- Solbasium, a global leader in red light treatment, has unveiled a world-first muscle roller based on this cutting-edge technology. The Quantum Roller has been specifically created to aid boost physical recovery, lessen muscular discomfort, and relax tight knots at an unequaled level, with 256 strong LEDs over the body and three-speed vibration intensity.
Market Trend
- Rising number of product launches and product approvals
- Increasing research and development activities
Market Drivers
- Favorable reimbursement policies in developed countries
- The rise in the prevalence rate of skin disorders
Opportunities
- Increase in the burden of dermatological disorders
- Rising demand for a safe and painless treatment for skin
Restraints
- Side effects of Red Light Therapy
Challenges
Key Target Audience
Red Light Therapy Devices Manufacturers, Red Light Therapy Devices Traders/Distributors, Red Light Therapy Devices Importer/Exporter, Regulatory & Government Bodies, Research Companies 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 the 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 purpose to understand companys positioning regarding 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 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, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.