Market Overview:
The global red light therapy device market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for red light therapy devices for medical and non-medical applications, rising awareness about the benefits of red light therapy, and technological advancements in red light therapy devices. Based on type, the global red light therapy device market can be segmented into household and medical applications. The household segment is expected to account for a larger share of the global market in terms of revenue due to the growing demand for home use devices among consumers. However, medical applications are expected to grow at a higher CAGR during the forecast period as more healthcare professionals are adopting this technology for various treatments. Based on application, the global red light therapy device market can be divided into medical, family, and other applications. Medical application is expected to hold a dominant position in terms of revenue contribution owing to its wide range of therapeutic benefits such as pain relief, anti-inflammatory effects, improved skin health etc., which has led it become one of fastest growing segments in this industry verticals over past few years .
Product Definition:
Red light therapy is a type of phototherapy that uses red light wavelengths to penetrate the skin and promote healing. It is used to treat a variety of conditions, including acne, wrinkles, psoriasis, and eczema.
Household:
Household is the equipment used in red light therapy devices. It includes lamps, bulbs, and accessories.
The demand for household equipment used in red light therapy device market was 1,500 units in 2015 and it is expected to grow at a CAGR of XX% from 2016 to 2024.
Medical:
Medical is a new term in the red light therapy device market and it covers all FDA approved red light devices. It includes phototherapy, photodynamic therapy, and photo-rejuvenation. Red light used for medical purposes can be of two types: narrow band (NB) or wide band (WB). NB type has a wavelength of approximately 690 nm while WB type has a wavelength of approximately 700 nm.
Application Insights:
The other application segment accounted for the largest revenue share in 2017 and is expected to witness significant growth over the forecast period. Other applications include use at home, spa, fitness centers, spas and clinics. The growing preference for red light therapy among consumers as an alternative treatment method to treat various health issues including depression has been a major factor driving product demand in this segment.
In addition, increasing adoption of these devices by spas and wellness centers as a cost-effective treatment option is expected to have a positive impact on industry growth over the forecast period. Furthermore, technological advancements such as integration of mobile apps that allow users to control lights remotely are likely to propel industry expansion further. For instance, Soltive Technologies LLC¢â‚¬â„¢s LED Light Therapy System can be controlled using an app developed by Soltive Technologies LLC which was launched in 2015 (iOS) and 2016 (Android).
Regional Analysis:
North America dominated the global market in 2017 owing to rising cases of obesity and depression. According to a study published in the Journal of American Medical Association, around 60 million adults in U.S. were suffering from obesity as of 2015 and this number is growing rapidly every year since then. The prevalence rate for major mental disorders including anxiety, stress, bipolar disorder, eating disorders etc among obese population is much higher than normal population which further increases their demand for red light therapy devices across North America region.
Asia Pacific is expected to be one of the fastest-growing regions over the forecast period due to increasing awareness about health benefits offered by these devices like weight loss and treatment for various skin diseases such as psoriasis or vitiligo etc.
Growth Factors:
- Increasing awareness about the benefits of red light therapy devices among consumers.
- Rising demand for natural and non-invasive treatment methods for various health conditions.
- Growing popularity of LED technology in consumer electronics products.
- Availability of a wide range of red light therapy devices to suit different needs and budgets.
- increasing research on the potential therapeutic benefits of red light therapy
Scope Of The Report
Report Attributes
Report Details
Report Title
Red Light Therapy Device Market Research Report
By Type
Household, Medical
By Application
Medical, Family, Other
By Companies
Wolf, Red Light Man, Trophy Skin, Beurer, Hebei Pu Kang Medical Equipment, Trophy Skin, Norlanya Technology, Proaller, Dgyao, Wuhan Kolda Medical Technology, Jin Lai Te Medical, Wuhan Hi-Tech Hengda Photoelectric
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Red Light Therapy Device Market Report Segments:
The global Red Light Therapy Device market is segmented on the basis of:
Types
Household, Medical
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
Medical, Family, 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:
- Wolf
- Red Light Man
- Trophy Skin
- Beurer
- Hebei Pu Kang Medical Equipment
- Trophy Skin
- Norlanya Technology
- Proaller
- Dgyao
- Wuhan Kolda Medical Technology
- Jin Lai Te Medical
- Wuhan Hi-Tech Hengda Photoelectric
Highlights of The Red 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:
- Household
- Medical
- By Application:
- Medical
- Family
- 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 Red 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
- 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?
A red light therapy device is a medical device that emits short-wavelength (red) light to treat conditions such as depression, anxiety, and insomnia.
Some of the major players in the red light therapy device market are Wolf, Red Light Man, Trophy Skin, Beurer, Hebei Pu Kang Medical Equipment, Trophy Skin, Norlanya Technology, Proaller, Dgyao, Wuhan Kolda Medical Technology, Jin Lai Te Medical, Wuhan Hi-Tech Hengda Photoelectric.
The red light therapy device market is expected to grow at a compound annual growth rate of 10.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Red Light Therapy Device Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Red Light Therapy Device Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Red Light Therapy Device Market - Supply Chain
4.5. Global Red Light Therapy Device Market Forecast
4.5.1. Red Light Therapy Device Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Red Light Therapy Device Market Size (000 Units) and Y-o-Y Growth
4.5.3. Red Light Therapy Device Market Absolute $ Opportunity
5. Global Red Light Therapy Device Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Red Light Therapy Device Market Size and Volume Forecast by Type
5.3.1. Household
5.3.2. Medical
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Red Light Therapy Device Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Red Light Therapy Device Market Size and Volume Forecast by Application
6.3.1. Medical
6.3.2. Family
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Red Light Therapy Device Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Red Light Therapy Device Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Red Light Therapy Device Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Red Light Therapy Device Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Red Light Therapy Device Demand Share Forecast, 2019-2026
9. North America Red Light Therapy Device Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Red Light Therapy Device Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Red Light Therapy Device Market Size and Volume Forecast by Application
9.4.1. Medical
9.4.2. Family
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Red Light Therapy Device Market Size and Volume Forecast by Type
9.7.1. Household
9.7.2. Medical
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Red Light Therapy Device Demand Share Forecast, 2019-2026
10. Latin America Red Light Therapy Device Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Red Light Therapy Device Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Red Light Therapy Device Market Size and Volume Forecast by Application
10.4.1. Medical
10.4.2. Family
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Red Light Therapy Device Market Size and Volume Forecast by Type
10.7.1. Household
10.7.2. Medical
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Red Light Therapy Device Demand Share Forecast, 2019-2026
11. Europe Red Light Therapy Device Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Red Light Therapy Device Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Red Light Therapy Device Market Size and Volume Forecast by Application
11.4.1. Medical
11.4.2. Family
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Red Light Therapy Device Market Size and Volume Forecast by Type
11.7.1. Household
11.7.2. Medical
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Red Light Therapy Device Demand Share, 2019-2026
12. Asia Pacific Red Light Therapy Device Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Red Light Therapy Device Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Red Light Therapy Device Market Size and Volume Forecast by Application
12.4.1. Medical
12.4.2. Family
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Red Light Therapy Device Market Size and Volume Forecast by Type
12.7.1. Household
12.7.2. Medical
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Red Light Therapy Device Demand Share, 2019-2026
13. Middle East & Africa Red Light Therapy Device Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Red Light Therapy Device Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Red Light Therapy Device Market Size and Volume Forecast by Application
13.4.1. Medical
13.4.2. Family
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Red Light Therapy Device Market Size and Volume Forecast by Type
13.7.1. Household
13.7.2. Medical
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Red Light Therapy Device Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Red Light Therapy Device Market: Market Share Analysis
14.2. Red Light Therapy Device Distributors and Customers
14.3. Red Light Therapy Device Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Wolf
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Red Light Man
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Trophy Skin
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Beurer
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hebei Pu Kang Medical Equipment
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Trophy Skin
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Norlanya Technology
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Proaller
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Dgyao
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Wuhan Kolda Medical Technology
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Jin Lai Te Medical
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Wuhan Hi-Tech Hengda Photoelectric
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook