Market Overview:
The global Far Infrared Therapy Device market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for Far Infrared Therapy Devices for basic care, senior care, rehabilitation care, and other applications. Additionally, the growing awareness about the benefits of Far Infrared Therapy Devices is also contributing to the growth of this market. On the basis of type, high power far infrared therapy devices are expected to account for a larger share of this market than low power far infrared therapy devices during the forecast period. On the basis of application, basic care is expected to account for a larger share of this market than senior care and rehabilitation care during the forecast period.
Product Definition:
A Far Infrared Therapy Device is a device that emits far infrared radiation. This radiation is said to be beneficial for the body, as it can help to improve circulation, reduce inflammation, and promote detoxification.
High Power Far Infrared Therapy Device:
High Power Far Infrared (HP-FAR) therapy device is a new innovative technology that uses concentrated light in the far infrared region for various medical applications. The conventional forms of far infrared radiation such as thermal and non-thermal are not sufficient to meet the requirements for therapeutic application, which is leading to R&D activities in this field.
Low Power Far Infrared Therapy Device:
Low power far infrared (LIFIR) therapy device is a new non-invasive technology that uses near infrared light to treat chronic pain, arthritis, and other conditions. The LIFIR device produces low levels of heat (40-80°C) which are absorbed by the body tissues and then released to provide relief from pain. This treatment has shown great results in patients suffering from back pain, neck pain, headache as well as many other diseases related to joints & muscles.
Application Insights:
The others segment held the largest share of the global market in 2017. This is due to a high demand for far infrared saunas from several applications including cosmetic surgery, pain management, and medical procedures. The basic care segment is expected to be the fastest-growing application over the forecast period owing to an increase in health consciousness among consumers around the world.
The senior care segment is also expected to grow rapidly owing to an increase in demand for anti-aging treatments and products that help improve skin tone and reduce wrinkles among older people living at home by providing them with social services such as assistance with daily activities, cooking classes, personal hygiene training programs, nutritious food preparation lessons coupled with aftercare support.
Regional Analysis:
Europe dominated the global market in 2017 owing to growing geriatric population and increasing cases of chronic diseases. According to WHO, approximately 30% of the European population will be aged 65 years and above by 2035. In addition, an increase in awareness regarding health benefits offered by far infrared sauna therapy is expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period due to rising disposable income coupled with improving healthcare infrastructure in emerging countries such as China and India.
North America accounted for a significant share owing to high adoption rates of advanced therapies among patients suffering from musculoskeletal disorders or other chronic conditions such as diabetes & cardiovascular diseases etc.
Growth Factors:
- Increasing demand for non-invasive and painless treatment methods
- Growing awareness about the benefits of Far Infrared Therapy Device among consumers
- Rising number of research studies supporting the use of Far Infrared Therapy Device for various health conditions
- Technological advancements in Far Infrared Therapy Device design and functionality
- Availability of affordable devices across different price points
Scope Of The Report
Report Attributes
Report Details
Report Title
Far Infrared Therapy Device Market Research Report
By Type
High Power Far Infrared Therapy Device, Low Power Far Infrared Therapy Device
By Application
Basic Care, Senior Care, Rehabilitation Care, Others
By Companies
Lifescan, Medtronic, A&D Company, Abbott Laboratories, Omron, Roche, Panasonic, SANNUO, OSIM, Siemens
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
179
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Far Infrared Therapy Device Market Report Segments:
The global Far Infrared Therapy Device market is segmented on the basis of:
Types
High Power Far Infrared Therapy Device, Low Power Far Infrared Therapy Device
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Basic Care, Senior Care, Rehabilitation Care, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Lifescan
- Medtronic
- A&D Company
- Abbott Laboratories
- Omron
- Roche
- Panasonic
- SANNUO
- OSIM
- Siemens
Highlights of The Far Infrared Therapy Device Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- High Power Far Infrared Therapy Device
- Low Power Far Infrared Therapy Device
- By Application:
- Basic Care
- Senior Care
- Rehabilitation Care
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Far Infrared Therapy Device Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Far Infrared Therapy Device (FIR device) emits far-infrared radiation that is claimed to help treat a variety of conditions, including pain, inflammation, and anxiety.
Some of the major players in the far infrared therapy device market are Lifescan, Medtronic, A&D Company, Abbott Laboratories, Omron, Roche, Panasonic, SANNUO, OSIM, Siemens.
The far infrared therapy device market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Far Infrared Therapy Device Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Far Infrared Therapy Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Far Infrared Therapy Device Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Far Infrared Therapy Device Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Far Infrared Therapy Device Market Size & Forecast, 2020-2028
4.5.1 Far Infrared Therapy Device Market Size and Y-o-Y Growth
4.5.2 Far Infrared Therapy Device Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 High Power Far Infrared Therapy Device
5.2.2 Low Power Far Infrared Therapy Device
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Basic Care
6.2.2 Senior Care
6.2.3 Rehabilitation Care
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Far Infrared Therapy Device Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Far Infrared Therapy Device Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 High Power Far Infrared Therapy Device
9.6.2 Low Power Far Infrared Therapy Device
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Basic Care
9.10.2 Senior Care
9.10.3 Rehabilitation Care
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 High Power Far Infrared Therapy Device
10.6.2 Low Power Far Infrared Therapy Device
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Basic Care
10.10.2 Senior Care
10.10.3 Rehabilitation Care
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 High Power Far Infrared Therapy Device
11.6.2 Low Power Far Infrared Therapy Device
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Basic Care
11.10.2 Senior Care
11.10.3 Rehabilitation Care
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 High Power Far Infrared Therapy Device
12.6.2 Low Power Far Infrared Therapy Device
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Basic Care
12.10.2 Senior Care
12.10.3 Rehabilitation Care
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 High Power Far Infrared Therapy Device
13.6.2 Low Power Far Infrared Therapy Device
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Basic Care
13.10.2 Senior Care
13.10.3 Rehabilitation Care
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Far Infrared Therapy Device Market: Competitive Dashboard
14.2 Global Far Infrared Therapy Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Lifescan
14.3.2 Medtronic
14.3.3 A&D Company
14.3.4 Abbott Laboratories
14.3.5 Omron
14.3.6 Roche
14.3.7 Panasonic
14.3.8 SANNUO
14.3.9 OSIM
14.3.10 Siemens
