About Light Therapy
Light therapy is defined as a way to treat the seasonal affective disorder (SAD) and other conditions by exposure to artificial light. SAD is a type of depression that occurs at a certain time each year. Light therapy involves daily, scheduled exposure to intense levels of artificial light which helps to regulate seasonal mood swings, improve sleeping patterns, and produce a general sense of wellbeing. Light therapy causes photo-oxidation; and is used as a primary treatment method for neonatal jaundice, eczema, and psoriasis.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
There are various companies are exploring the market in new geographical regions by adopting various market growth strategies such as mergers & acquisitions, expansions, investments, new product launches and many others. The market leading players are exploring new opportunity areas through expansions and acquisitions across the globe to avail competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Light Therapy 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.
Beurer (Germany), BioPhotas (US), Koninklijke Philips (Netherlands), Lumie (United Kingdom), Aura Medical (United States), Chal-Tec GmbH (Germany), Verilux (United States), Compass Health Brands (United States), Demyk Lightmod Products (Canada), Lucimed (Belgium), Northern Light Technology (United States) and Zepter International (Switzerland) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Photomedex, Red Light Man, Sphere Gadget Technologies and Nature Bright.
Segmentation Overview
AMA Research has segmented the market of Global Light Therapy market by Type (Light Box, Floor & Desk Lamps, Light Visor, Handheld Devices For Skin Treatment [HDST], Dawn Simulator and Light Therapy Bulbs), Application (Psoriasis, Vitiligo, Eczema, Acne vulgaris, Winter Blues, Sleeping Disorders and Seasonal Affective Disorder [SAD]) and Region.
On the basis of geography, the market of 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 Light Type, the sub-segment i.e. Blue will boost the 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-use, the sub-segment i.e. Home will boost the Light Therapy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advancement and Innovation in Led Light Therapy Devices
Market Growth Drivers:
Growing Burden of Dermatological Disorders such as Wrinkles, Acne Vulgaris and Psoriasis in Developed as well as Developing Countries and Rising Adoption of Handheld Devices and Lightboxes to Treat Specific Skin Disorders
Challenges:
Lack of Skilled Professionals
Restraints:
Lack of Awareness About Light Therapy and Low Funds Investment and Side Effects from LED Light Therapy
Opportunities:
Higher Healthcare Spending in Emerging Countries
Market Leaders and their expansionary development strategies
In March 2020, TheraLight, LLC, an FDA-registered manufacturer and distributor of cutting-edge light therapy products, announced it has acquired the assets from Theralight, Inc., a manufacturer of phototherapy devices. The assets acquisition includes a portfolio of products, trademarks, and FDA 510k clearances. Theralight, Inc. was privately owned and founded in July 2000 with operations from facilities located in Carlsbad, California. The company created the first hands-free, light therapy system and had the single worldwide license from Osram Sylvania to Icetron lamp technology for the treatment of skin disorders.
In 2018, Lumie, the light therapy specialist, has launched two sleep/wakeup lights named Spark 100 and Glow 150. Spark 100 offers benefits of sleeping and waking with light, and Glow150 offers the same function but with adjustable sunrise and sunset duration
According to the American Academy of Dermatology (AAD), psoriasis is a common skin disorder that affected around 7.5 million people in 2013 in the United States. The most common form of psoriasis, affecting about 80 to 90 percent of psoriasis patients, is plaque psoriasis. It is characterized by patches of raised, reddish skin covered with silvery-white scale.-
Key Target Audience
Led Light Therapy DevicesManufacturers, Led Light Therapy Devices Traders/Distributors, Led 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 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.