Market Overview:
The global infrared light 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 prevalence of chronic diseases, rising geriatric population, and technological advancements in infrared light therapy devices. Based on type, the global infrared light therapy device market is segmented into infrared lamps and cold laser therapy devices. The cold laser therapy devices segment is expected to grow at a higher CAGR than the infrared lamps segment during the forecast period from 2018 to 2030. This growth can be attributed to the increasing demand for minimally invasive procedures and rising awareness about benefits of cold laser therapies among consumers. Based on application, the global infrared light therapy device market is divided into hospitals, ambulatory surgical centers (ASCs), and diagnostic centers. The hospitals segment dominates this market owing to high patient footfall in these institutions for various treatments including cancer treatment, orthopedic surgeries, etc., which are benefitted by use of IRLT devices.
Product Definition:
An infrared light therapy device is a tool that emits infrared radiation to help treat medical conditions. The importance of this type of device is that it can help reduce pain, inflammation, and promote healing.
Infrared Lamp:
Infrared lamp is a device that emits infrared light. The lamp usually consists of a source of infrared light, an optical filter to select the desired wavelength and an output mechanism such as a fluorescent bulb or LED. Infrared lamps are used in various applications including medical, industrial and domestic purposes. Medical application segment holds maximum share in the market due to its wide range of therapeutic uses which include pain management, wound healing, arthritis treatment among others.
Cold Laser Therapy:
Cold laser therapy is a non-invasive technique that uses a very specific light frequency to penetrate the skin and deliver its effect. The cold laser operates in the infrared region of the electromagnetic spectrum. It produces an array of free radicals which are then absorbed by nearby cells, tissues or organs to eliminate or reduce pain, inflammation and scarring.
Application Insights:
The market is segmented based on application into hospitals, ambulatory surgical centers, and diagnostic centers. The hospital segment dominated the market in 2017 due to the rising prevalence of chronic diseases such as cancer and cardiac disorders that require long-term treatment. Moreover, an increase in geriatric population with associated health issues is expected to drive demand for infrared light therapy devices over the forecast period.
The use of infrared light therapy has increased significantly across various healthcare applications owing to its benefits over conventional treatments such as surgery or medication. These include reduced pain & trauma during surgeries by reducing inflammation & nerve stimulation; improved wound healing by increasing blood circulation; reduction in infection through killing of bacteria & viruses; relief from depression through anti-inflammatory effects on brain cells; weight loss through calorie burning mechanism without any additional effort; relief from anxiety due to its sedative effect on brain cells which reduces anxiety levels.; improvement in vision problems caused by cataract formation or clouding of lens inside eyes.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of well-established healthcare infrastructure, high disposable income, and favorable reimbursement policies. The U.S., which is at the forefront of this industry in North America, holds a dominant share due to its advanced economy and well-developed healthcare infrastructure. Moreover, rising cases of skin cancer are also expected to drive demand for infrared light therapy devices in this region over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to increasing awareness about early diagnosis among consumers as well as medical practitioners regarding various skin diseases such as psoriasis and melanoma that can be treated using IRLT devices.
Growth Factors:
- Increasing demand for non-invasive and painless treatment methods
- Rising prevalence of chronic diseases that can be treated with infrared light therapy
- Technological advancements in infrared light therapy devices
- Growing awareness about the benefits of infrared light therapy among consumers
- Increasing number of health care professionals who are recommending infrared light therapy
Scope Of The Report
Report Attributes
Report Details
Report Title
Infrared Light Therapy Device Market Research Report
By Type
Infrared Lamp, Cold Laser Therapy
By Application
Hospitals, Ambulatory Surgical Center, Diagnostic Centers
By Companies
Abbott Laboratories, DPL, Philips, Beurer, Johnson & Johnson, Medtronic, A&D Company, Omron, Roche, Panasonic, Abbott Laboratories, OSIM, Siemens, Anodyne Therapy, LI-COR Bioscience
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
157
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Infrared Light Therapy Device Market Report Segments:
The global Infrared Light Therapy Device market is segmented on the basis of:
Types
Infrared Lamp, Cold Laser Therapy
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
Hospitals, Ambulatory Surgical Center, Diagnostic Centers
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:
- Abbott Laboratories
- DPL
- Philips
- Beurer
- Johnson & Johnson
- Medtronic
- A&D Company
- Omron
- Roche
- Panasonic
- Abbott Laboratories
- OSIM
- Siemens
- Anodyne Therapy
- LI-COR Bioscience
Highlights of The Infrared Light 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:
- Infrared Lamp
- Cold Laser Therapy
- By Application:
- Hospitals
- Ambulatory Surgical Center
- Diagnostic Centers
- 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 Infrared Light 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.
How you may use our products:
- 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?
Infrared light therapy device is a medical device that emits infrared radiation to treat various conditions. The heat from the infrared radiation helps to heal wounds, relieve pain, and improve circulation.
Some of the major companies in the infrared light therapy device market are Abbott Laboratories, DPL, Philips, Beurer, Johnson & Johnson, Medtronic, A&D Company, Omron, Roche, Panasonic, Abbott Laboratories, OSIM, Siemens, Anodyne Therapy, LI-COR Bioscience.
The infrared light 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 Infrared Light 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 Infrared Light Therapy Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Infrared Light 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 Infrared Light 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 Infrared Light Therapy Device Market Size & Forecast, 2018-2028
4.5.1 Infrared Light Therapy Device Market Size and Y-o-Y Growth
4.5.2 Infrared Light Therapy Device Market Absolute $ Opportunity
Chapter 5 Global Infrared Light Therapy Device 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 Infrared Light Therapy Device Market Size Forecast by Type
5.2.1 Infrared Lamp
5.2.2 Cold Laser Therapy
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Infrared Light Therapy Device 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 Infrared Light Therapy Device Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Ambulatory Surgical Center
6.2.3 Diagnostic Centers
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Infrared Light 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 Infrared Light 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 Infrared Light Therapy Device Analysis and Forecast
9.1 Introduction
9.2 North America Infrared Light Therapy Device 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 Infrared Light Therapy Device Market Size Forecast by Type
9.6.1 Infrared Lamp
9.6.2 Cold Laser Therapy
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 Infrared Light Therapy Device Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Ambulatory Surgical Center
9.10.3 Diagnostic Centers
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 Infrared Light Therapy Device Analysis and Forecast
10.1 Introduction
10.2 Europe Infrared Light Therapy Device 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 Infrared Light Therapy Device Market Size Forecast by Type
10.6.1 Infrared Lamp
10.6.2 Cold Laser Therapy
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 Infrared Light Therapy Device Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Ambulatory Surgical Center
10.10.3 Diagnostic Centers
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 Infrared Light Therapy Device Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Infrared Light Therapy Device 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 Infrared Light Therapy Device Market Size Forecast by Type
11.6.1 Infrared Lamp
11.6.2 Cold Laser Therapy
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 Infrared Light Therapy Device Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Ambulatory Surgical Center
11.10.3 Diagnostic Centers
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 Infrared Light Therapy Device Analysis and Forecast
12.1 Introduction
12.2 Latin America Infrared Light Therapy Device 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 Infrared Light Therapy Device Market Size Forecast by Type
12.6.1 Infrared Lamp
12.6.2 Cold Laser Therapy
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 Infrared Light Therapy Device Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Ambulatory Surgical Center
12.10.3 Diagnostic Centers
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) Infrared Light Therapy Device Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Infrared Light Therapy Device 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) Infrared Light Therapy Device Market Size Forecast by Type
13.6.1 Infrared Lamp
13.6.2 Cold Laser Therapy
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) Infrared Light Therapy Device Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Ambulatory Surgical Center
13.10.3 Diagnostic Centers
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 Infrared Light Therapy Device Market: Competitive Dashboard
14.2 Global Infrared Light Therapy Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Abbott Laboratories
14.3.2 DPL
14.3.3 Philips
14.3.4 Beurer
14.3.5 Johnson & Johnson
14.3.6 Medtronic
14.3.7 A&D Company
14.3.8 Omron
14.3.9 Roche
14.3.10 Panasonic
14.3.11 Abbott Laboratories
14.3.12 OSIM
14.3.13 Siemens
14.3.14 Anodyne Therapy
14.3.15 LI-COR Bioscience
