Market Overview:
The global light therapy devices market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of various diseases and disorders that are treated with light therapy devices, rising awareness about the benefits of light therapy, and technological advancements in light therapy devices. Based on type, the global light therapy devices market is segmented into regular light boxes, LED light therapy devices, color Therapy boxes, ultraviolet (UV) Light Therapy Boxes and other types. The regular Light Boxes segment is expected to account for the largest share of the global market in 2018. This segment is also projected to grow at a CAGR of 5.7% during the forecast period from 2018 to 2030 due its high adoption rate across various applications such as seasonal affective disorder (SAD), psoriasis and some symptoms associated with cancer treatment etcetera . However ,the LED Light Therapy Devices Segment Is Expected To Grow At A Higher Rate Than Other Segments During The Forecast Period Due To Its Numerous Benefits Such As Low Power Consumption And Longer Lifespan When Compared To Other Types Of Lights . Based On Application ,The Global Market Is Divided Into Seasonal Affective Disorder(Sad), Psoriasis, Some Symptoms Of Cancer And Other Applications .
Product Definition:
Light Therapy Devices are medical devices that emit light of a certain wavelength and intensity. They are used to treat a variety of medical conditions, including skin conditions, mood disorders, and sleep disorders.
Regular Light Boxes:
Regular light boxes are used in phototherapy treatment to regulate, cure or reduce the symptoms of a particular disease. The regular light box is one of the most commonly used equipment in phototherapy devices market. It has been studied and proven that regular exposure to fluorescent lighting can help treat several medical conditions including depression, fibromyalgia, chronic pain as well as other diseases related to sleep disorder and arthritis.
LED Light Therapy Devices:
LED light therapy devices are used in the treatment of various skin disorders such as psoriasis, eczema and acne. LED light therapy is a non-invasive technique that involves the use of red or infrared LED lights for therapeutic purposes. The wavelengths of these lights vary depending upon the disorder to be treated. For instance, blue light is used for treating acne while green or red light is used in case of eczema and psoriasis respectively.
Application Insights:
The seasonal affective disorder segment held the largest market share in 2017. This is due to the rising prevalence of this disease. According to a study published in The Journal of Allergy and Clinical Immunology, around 20% of people suffering from SAD are prone to photosensitive symptoms during winters. Thus, these devices help them cope up with this condition by regulating their body's biological clock thus treating SAD effectively.
Light therapy has been proved as an effective treatment for psoriasis that helps reduce skin inflammation and itching caused due to excessive skin dryness or desquamation along with improving skin texture and reducing pustules & scales on the patient¢â‚¬â„¢s body part as per National Center for Biotechnology Information (NCBI).
Regional Analysis:
In 2017, North America held the largest market share in terms of revenue. The region is expected to maintain its dominance over the forecast period due to growing awareness about mental health and access to quality treatment. In addition, presence of well-established healthcare facilities and availability of highly skilled physicians are also driving regional growth.
Asia Pacific is anticipated to witness lucrative CAGR during the forecast period owing to increasing number of light therapy devices manufacturers in countries like China & Japan coupled with rising awareness about various treatments available for mental as well as physical ailments among patients. Moreover, economic development in these countries has enabled people from lower income groups access such technologically advanced light therapy devices at cheaper rates thus widening its application base across a large population pool within APAC region itself thereby boosting overall revenue generation within this region over the next eight years (2030).
Europe was estimated as second largest market for global light therapy devices by revenue after North America in 2017 owing high prevalence rate for skin cancer.
Growth Factors:
- Increasing prevalence of skin diseases and disorders: The global light therapy devices market is expected to grow at a CAGR of over 7% during the forecast period owing to the increasing prevalence of skin diseases and disorders. This is mainly due to the changing lifestyle and environmental factors, which are leading to an increase in various skin problems such as acne, psoriasis, eczema, etc.
- Rising awareness about the benefits of light therapy: There is a growing awareness among people about the benefits of light therapy for various skin problems. This is driving them to adopt light therapy devices for home use.
- Technological advancements in light therapy devices: The technological advancements in light therapy devices are helping manufacturers offer better products with enhanced features such as portability, precision targeting, etc., thereby fuelling market growth.
- Growing demand from emerging markets: The demand for light therapy devices is growing rapidly from emerging markets such as China and India due to rising disposable incomes and increasing awareness about these products’ benefits..
Scope Of The Report
Report Attributes
Report Details
Report Title
Light Therapy Devices Market Research Report
By Type
Regular Light Boxes, LED Light Therapy Devices, Color Therapy Boxes, Ultraviolet Light Therapy Boxes, Other
By Application
Seasonal Affective Disorder(SAD), Psoriasis, Some Symptoms Of Cancer, Other
By Companies
Verilux, Alaskanorthernlights, Koninklijke Philips, PhotomedexInc, Zepter International, Beurer, Nature Bright, Chal-Tec-GmbH, Lucimed, Lumie, Aura Daylight, Sphere Gadget Technologies
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
125
Number of Tables & Figures
88
Customization Available
Yes, the report can be customized as per your need.
Global Light Therapy Devices Market Report Segments:
The global Light Therapy Devices market is segmented on the basis of:
Types
Regular Light Boxes, LED Light Therapy Devices, Color Therapy Boxes, Ultraviolet Light Therapy Boxes, Other
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
Seasonal Affective Disorder(SAD), Psoriasis, Some Symptoms Of Cancer, Other
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:
- Verilux
- Alaskanorthernlights
- Koninklijke Philips
- PhotomedexInc
- Zepter International
- Beurer
- Nature Bright
- Chal-Tec-GmbH
- Lucimed
- Lumie
- Aura Daylight
- Sphere Gadget Technologies
Highlights of The Light Therapy Devices 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:
- Regular Light Boxes
- LED Light Therapy Devices
- Color Therapy Boxes
- Ultraviolet Light Therapy Boxes
- Other
- By Application:
- Seasonal Affective Disorder(SAD)
- Psoriasis
- Some Symptoms Of Cancer
- Other
- 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 Light Therapy Devices 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?
Light therapy devices are medical devices that emit light to treat a variety of conditions. They can be used to treat depression, anxiety, pain, and other mental health issues.
Some of the key players operating in the light therapy devices market are Verilux, Alaskanorthernlights, Koninklijke Philips, PhotomedexInc, Zepter International, Beurer, Nature Bright, Chal-Tec-GmbH, Lucimed, Lumie, Aura Daylight, Sphere Gadget Technologies.
The light therapy devices market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Light Therapy Devices 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 Light Therapy Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Light Therapy Devices 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 Light Therapy Devices 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 Light Therapy Devices Market Size & Forecast, 2018-2028
4.5.1 Light Therapy Devices Market Size and Y-o-Y Growth
4.5.2 Light Therapy Devices Market Absolute $ Opportunity
Chapter 5 Global Light Therapy Devices 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 Light Therapy Devices Market Size Forecast by Type
5.2.1 Regular Light Boxes
5.2.2 LED Light Therapy Devices
5.2.3 Color Therapy Boxes
5.2.4 Ultraviolet Light Therapy Boxes
5.2.5 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Light Therapy Devices 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 Light Therapy Devices Market Size Forecast by Applications
6.2.1 Seasonal Affective Disorder(SAD)
6.2.2 Psoriasis
6.2.3 Some Symptoms Of Cancer
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Light Therapy Devices 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 Light Therapy Devices 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 Light Therapy Devices Analysis and Forecast
9.1 Introduction
9.2 North America Light Therapy Devices 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 Light Therapy Devices Market Size Forecast by Type
9.6.1 Regular Light Boxes
9.6.2 LED Light Therapy Devices
9.6.3 Color Therapy Boxes
9.6.4 Ultraviolet Light Therapy Boxes
9.6.5 Other
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 Light Therapy Devices Market Size Forecast by Applications
9.10.1 Seasonal Affective Disorder(SAD)
9.10.2 Psoriasis
9.10.3 Some Symptoms Of Cancer
9.10.4 Other
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 Light Therapy Devices Analysis and Forecast
10.1 Introduction
10.2 Europe Light Therapy Devices 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 Light Therapy Devices Market Size Forecast by Type
10.6.1 Regular Light Boxes
10.6.2 LED Light Therapy Devices
10.6.3 Color Therapy Boxes
10.6.4 Ultraviolet Light Therapy Boxes
10.6.5 Other
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 Light Therapy Devices Market Size Forecast by Applications
10.10.1 Seasonal Affective Disorder(SAD)
10.10.2 Psoriasis
10.10.3 Some Symptoms Of Cancer
10.10.4 Other
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 Light Therapy Devices Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Light Therapy Devices 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 Light Therapy Devices Market Size Forecast by Type
11.6.1 Regular Light Boxes
11.6.2 LED Light Therapy Devices
11.6.3 Color Therapy Boxes
11.6.4 Ultraviolet Light Therapy Boxes
11.6.5 Other
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 Light Therapy Devices Market Size Forecast by Applications
11.10.1 Seasonal Affective Disorder(SAD)
11.10.2 Psoriasis
11.10.3 Some Symptoms Of Cancer
11.10.4 Other
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 Light Therapy Devices Analysis and Forecast
12.1 Introduction
12.2 Latin America Light Therapy Devices 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 Light Therapy Devices Market Size Forecast by Type
12.6.1 Regular Light Boxes
12.6.2 LED Light Therapy Devices
12.6.3 Color Therapy Boxes
12.6.4 Ultraviolet Light Therapy Boxes
12.6.5 Other
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 Light Therapy Devices Market Size Forecast by Applications
12.10.1 Seasonal Affective Disorder(SAD)
12.10.2 Psoriasis
12.10.3 Some Symptoms Of Cancer
12.10.4 Other
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) Light Therapy Devices Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Light Therapy Devices 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) Light Therapy Devices Market Size Forecast by Type
13.6.1 Regular Light Boxes
13.6.2 LED Light Therapy Devices
13.6.3 Color Therapy Boxes
13.6.4 Ultraviolet Light Therapy Boxes
13.6.5 Other
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) Light Therapy Devices Market Size Forecast by Applications
13.10.1 Seasonal Affective Disorder(SAD)
13.10.2 Psoriasis
13.10.3 Some Symptoms Of Cancer
13.10.4 Other
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 Light Therapy Devices Market: Competitive Dashboard
14.2 Global Light Therapy Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Verilux
14.3.2 Alaskanorthernlights
14.3.3 Koninklijke Philips
14.3.4 PhotomedexInc
14.3.5 Zepter International
14.3.6 Beurer
14.3.7 Nature Bright
14.3.8 Chal-Tec-GmbH
14.3.9 Lucimed
14.3.10 Lumie
14.3.11 Aura Daylight
14.3.12 Sphere Gadget Technologies
