Light Therapy Market, 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 (Yellow and Green Light, etc)), By End User (Dermatology Clinics, Home Care Settings, Others ( Workplace, Salons)), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Published In : Aug 2023

Code : CMI384

Pages :154

Formats :

Excel and PDF

Industry : Medical Devices

Market Challenges And Opportunities

Global Light Therapy Market– Drivers

Growing burden of mental health disorders: The prevalence of mental health conditions such as depression, anxiety disorders, Alzheimer's disease, and others is expanding, which is driving up demand for its therapies. These conditions are treated with light therapy. For instance, according to a World Health Organization (WHO) report from September 2021, depression is a widespread mental illness that affects an estimated 5.0% of individuals worldwide. It is a major contributor to disability globally. The market will be driven by the use of light therapy for treating depression and the increasing prevalence of these conditions.
Increasing adoption of growth strategies: A lucrative market expansion will result from the leading companies' core strategies, including collaborations, investments, mergers, acquisitions, and technical innovation. For instance, in March 2022, 10X Health System and DaVinci Medical collaborated to commercialize the Superhuman Protocol. With the help of the Superhuman Protocol, customers can experience a 360-degree whole-body approach to undo years of neglect and naturopathically improve health and performance. The Thera Light treatment bed, which is included in this three-step regimen and speeds up ATP generation, is one of the steps. Partnerships fostering product innovation will therefore drive the market's growth.

Global Light Therapy Market: Restraint

Increasing side-effects due to light therapy: Use of high-intensity light for the treatment of neurological disorders such as bipolar and multiple sclerosis may lead to post-treatment side effects such as eye strain, headache, irritability, nausea, cough, and dizziness. Moreover, the use of light therapy in people with drug-resistant non-seasonal depression can result in a hyperactive state called mania, which is also expected to hamper growth of the market. Such factors will restrain growth of the global light therapy market over the forecast period.

Restraints & Challenges: