Market Overview:
The global spectrum therapy instrument 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 LED spectrum therapy instruments and carbon-light spectrum therapy instruments, owing to their various benefits such as anti-inflammatory effects, pain relief, and improved skin health. In addition, the growing awareness about the benefits of using these instruments is also contributing to the growth of this market. The global spectrum therapy instrument market is segmented on the basis of type into LED spectrum therapy instrument and carbon-light spectrum therapy instrument. The LED segment is expected to account for a larger share of the global market than the carbon-light segment duringthe forecast period from 2018to 2030.
Product Definition:
Spectrum Therapy Instrument is a device that emits light of different colors and frequencies. It is used to treat various medical conditions, including pain, anxiety, and depression.
LED Spectrum Therapy Instrument:
LED spectrum therapy instrument is a device that emits light into the body to treat cancer, arthritis, pain and other medical conditions. The light is absorbed by special gel or liquid in the case of skin treatment and then it is directed towards the affected part of body. The wavelength of LED spectrum therapy instrument varies with respect to different parts of organs, tissue types and cancer type.
Carbon-light Spectrum Therapy Instrument:
Carbon-light spectrum therapy instrument is a device that emits near-infrared light to treat skin conditions such as psoriasis, eczema and acne. Carbon-light therapy instruments are portable and can be used at home or in the office. The carbon dioxide emitted by these devices has an effect on blood vessels which results in increased blood circulation to the area of application.
Application Insights:
The market is segmented by application into hospitals, beauty salon, and home. The hospitals segment dominated the overall industry in terms of revenue in 2017 owing to increasing prevalence of chronic diseases and rising demand for spectrum therapy equipment from a hospital setting. Beauty salons are expected to be the fastest-growing segment over the forecast period due to growing consumer preference for affordable treatments at low cost. However, high initial investment coupled with operating costs is expected to hinder growth over the forecast period.
The home application segment is projected witness significant growth during the study period owing to increasing awareness about health & wellness among consumers across various regions including North America and Europe Asia Pacific Latin America Middle East & Africa Oceania .
Regional Analysis:
North America dominated the global spectrum therapy instrument market in 2017. This can be attributed to the presence of a large number of healthcare facilities, availability of highly advanced devices, and high patient awareness levels coupled with relatively higher healthcare expenditure in this region as compared to other regions. The Asia Pacific is expected to grow at a lucrative CAGR during the forecast period owing to increasing government initiatives for cancer treatment through radiotherapy and chemotherapy, improving infrastructure & facilities for oncology treatments, rising disposable income & consumer awareness about early diagnosis and effective treatment methods along with an increase in target population base due to rapid urbanization & growing medical tourism industry. Moreover, an increase in research activities by various organizations such as Cancer Therapy Unit (CTU) Foundation Japan; CTU Australia; Cancer Council Australia; Canadian Breast Cancer Foundation (CBCF); American Institute For Radiation Protection And Research (AIRPRC); National Health Research Centre-Japan etc., will drive growth over the forecast period.
Growth Factors:
- Increasing demand for technologically advanced and innovative products
- Growing number of outpatient clinics and hospitals
- Rising prevalence of chronic diseases and disorders
- Proliferation of private healthcare sector
- Technological advancements in the field of medical devices
Scope Of The Report
Report Attributes
Report Details
Report Title
Spectrum Therapy Instrument Market Research Report
By Type
LED Spectrum Therapy Instrument, Carbon-light Spectrum Therapy Instrument
By Application
Hospitals, Beauty Salon, Home
By Companies
Luminette, CyDen, Circadia, LightStim, Johnson & Johnson, Equilume, Novalogy, Philips, BioCare Systems (LumiWave)
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
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global Spectrum Therapy Instrument Market Report Segments:
The global Spectrum Therapy Instrument market is segmented on the basis of:
Types
LED Spectrum Therapy Instrument, Carbon-light Spectrum Therapy Instrument
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, Beauty Salon, Home
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:
- Luminette
- CyDen
- Circadia
- LightStim
- Johnson & Johnson
- Equilume
- Novalogy
- Philips
- BioCare Systems (LumiWave)
Highlights of The Spectrum Therapy Instrument 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:
- LED Spectrum Therapy Instrument
- Carbon-light Spectrum Therapy Instrument
- By Application:
- Hospitals
- Beauty Salon
- Home
- 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 Spectrum Therapy Instrument 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Spectrum therapy instruments are devices that emit electromagnetic radiation to treat a variety of conditions. These devices can be used in the treatment of physical and mental health issues, such as anxiety, depression, pain relief, and more.
Some of the major companies in the spectrum therapy instrument market are Luminette, CyDen, Circadia, LightStim, Johnson & Johnson, Equilume, Novalogy, Philips, BioCare Systems (LumiWave).
The spectrum therapy instrument 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 Spectrum Therapy Instrument 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 Spectrum Therapy Instrument Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Spectrum Therapy Instrument 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 Spectrum Therapy Instrument 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 Spectrum Therapy Instrument Market Size & Forecast, 2020-2028
4.5.1 Spectrum Therapy Instrument Market Size and Y-o-Y Growth
4.5.2 Spectrum Therapy Instrument 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 LED Spectrum Therapy Instrument
5.2.2 Carbon-light Spectrum Therapy Instrument
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 Hospitals
6.2.2 Beauty Salon
6.2.3 Home
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Spectrum Therapy Instrument 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 Spectrum Therapy Instrument 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 LED Spectrum Therapy Instrument
9.6.2 Carbon-light Spectrum Therapy Instrument
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 Hospitals
9.10.2 Beauty Salon
9.10.3 Home
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 LED Spectrum Therapy Instrument
10.6.2 Carbon-light Spectrum Therapy Instrument
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 Hospitals
10.10.2 Beauty Salon
10.10.3 Home
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 LED Spectrum Therapy Instrument
11.6.2 Carbon-light Spectrum Therapy Instrument
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 Hospitals
11.10.2 Beauty Salon
11.10.3 Home
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 LED Spectrum Therapy Instrument
12.6.2 Carbon-light Spectrum Therapy Instrument
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 Hospitals
12.10.2 Beauty Salon
12.10.3 Home
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 LED Spectrum Therapy Instrument
13.6.2 Carbon-light Spectrum Therapy Instrument
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 Hospitals
13.10.2 Beauty Salon
13.10.3 Home
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 Spectrum Therapy Instrument Market: Competitive Dashboard
14.2 Global Spectrum Therapy Instrument Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Luminette
14.3.2 CyDen
14.3.3 Circadia
14.3.4 LightStim
14.3.5 Johnson & Johnson
14.3.6 Equilume
14.3.7 Novalogy
14.3.8 Philips
14.3.9 BioCare Systems (LumiWave)
