Light therapy is also called as phototherapy or heliotherapy, which uses fluorescent light bulbs, sunlight, light emitting diode (LED), and other sources of light for the treatment of medical conditions such as neurological disorders, skin disorders, jaundice, and others. The therapy uses visible light of various wavelengths which produces positive effects on the human bodies, for example, red and near infrared light, blue light, and green light. The red and near infrared light targets mitochondria of the cells to boost the cellular energy production, which provides healing effect throughout the body. Blue light provides antimicrobial effect thus it is used for the treatment of skin disorders such as acne and others, and the green light has been found beneficial for reducing the frequency and intensity of migraines
Market Dynamics
Market players are indulged in inorganic activities such as partnerships with distributors, which may increase the customer base, and this in turn is expected to drive growth of the market over the forecast period. For instance, on January 2, 2020, LightStim, a manufacturer of handheld LED therapy device, entered into a partnership with AestheticSource, a distributor of aesthetics products. This agreement is expected to increase patient access for the light therapy products.
Key players are also engaged in launching new and innovative products, which is expected to support growth of the market over the forecast period. For instance, on December 3, 2020, GlobalMed Technologies launched Omnilux Contour, a line of home use LED light therapy products, which is based on the Omnilux Medical technology. Moreover, GlobalMed Technologies also launched its new store online, where all the light products are available for sale.
Key features of the study:
- This report provides an in-depth analysis of global light therapy market, provides market size (US$ Million), and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
- It profiles leading players in the global light therapy market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans.
- Key companies covered as a part of this study include Koninklijke Philips N.V., Verilux, Inc., Northern Light Technology, TheraLight, LLC, Zepter International, Photomedex Inc., Beurer GmbH, Nature Bright, Lucimed SA, Lumie, PhotonMD, Inc., Aura Daylight, Sphere Gadget Technologies, BioPhotas, Chal-Tec, Johnson and Johnson, and Carex Health Brands Inc.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion, and marketing tactics
- The global light therapy market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision making through various strategy matrices used in analyzing the light therapy market.
Detailed Segmentation:
- Global Light Therapy Market, By Product Type:
- Light Box
- Lamps
- Light Visor
- Dawn Simulator
- Light Therapy Bulbs
- Handheld Devices
- Global Light Therapy Market, By Light Type:
- White Light
- Blue Light
- Red Light
- Others
- Global Light Therapy Market, By End User:
- Dermatology Clinics
- Home Care Settings
- Others
- Global Light Therapy Market, By Region:
- North America
- By Country
- By Product Type:
- Light Box
- Lamps
- Light Visor
- Dawn Simulator
- Light Therapy Bulbs
- Handheld Devices
- By Light Type
- White Light
- Blue Light
- Red Light
- Others
- By End User
- Dermatology Clinics
- Home Care Settings
- Others
- Latin America
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- By Product Type:
- Light Box
- Lamps
- Light Visor
- Dawn Simulator
- Light Therapy Bulbs
- Handheld Devices
- By Light Type
- White Light
- Blue Light
- Red Light
- Others
- By End User
- Dermatology Clinics
- Home Care Settings
- Others
- Europe
- By Country:
- U.K.
- Germany
- Italy
- Spain
- France
- Russia
- Rest of Europe
- By Product Type:
- Light Box
- Lamps
- Light Visor
- Dawn Simulator
- Light Therapy Bulbs
- Handheld Devices
- By Light Type
- White Light
- Blue Light
- Red Light
- Others
- By End User
- Dermatology Clinics
- Home Care Settings
- Others
- Asia Pacific
- By Country:
- Australia
- India
- China
- Japan
- ASEAN
- South Korea
- Rest of Asia Pacific
- By Product Type:
- Light Box
- Lamps
- Light Visor
- Dawn Simulator
- Light Therapy Bulbs
- Handheld Devices
- By Light Type
- White Light
- Blue Light
- Red Light
- Others
- By End User
- Dermatology Clinics
- Home Care Settings
- Others
- Middle East
- By Country:
- GCC
- Israel
- Rest of Middle East
- By Product Type:
- Light Box
- Lamps
- Light Visor
- Dawn Simulator
- Light Therapy Bulbs
- Handheld Devices
- By Light Type
- White Light
- Blue Light
- Red Light
- Others
- By End User
- Dermatology Clinics
- Home Care Settings
- Others
- Africa
- By Country/Region:
- South Africa
- Central Africa
- North Africa
- By Product Type:
- Light Box
- Lamps
- Light Visor
- Dawn Simulator
- Light Therapy Bulbs
- Handheld Devices
- By Light Type
- White Light
- Blue Light
- Red Light
- Others
- By End User
- Dermatology Clinics
- Home Care Settings
- Others
- Company Profiles
- Koninklijke Philips N.V.*
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Verilux, Inc.
- Northern Light Technology
- TheraLight, LLC
- Zepter International
- Photomedex Inc.
- Beurer GmbH
- Nature Bright
- Lucimed SA
- PhotonMD, Inc.
- BioPhotas
- Chal-Tec GmbH
- Johnson and Johnson
- Carex Health Brands Inc.
“*” marked represents similar segmentation in other categories in the respective section.
