NEWARK, Del, Nov. 18, 2022 (GLOBE NEWSWIRE) -- The global light therapy market is expected to exhibit significant growth during the forecast period. The target market will likely exceed US$ 1 Bn by the first half of this decade. The market for light therapy will witness tremendous growth opportunities owing to its increasing demand in the healthcare field. Increasing incidences of depression and insomnia further propel the growth of the light therapy market over the next few years.
In the past few years, there’s been a surge in the incidences of individual depression and insomnia. In addition to depression and insomnia, disrupted sleep cycles have contributed to the popularity of light therapy. These conditions have induced a wide platform for improved sales of progressive treatment equipment that employs high-quality ultraviolet light to treat these disorders.
Request a Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-1160
A World Bank report states that, if left untreated, mental ailments such as depression are likely to cause economic losses of US$ 2.5-8.5 trillion globally, a figure that most expect to double by 2030. Thus, the market of light therapy is anticipated to undergo tremendous growth in the near future. In addition to mental illness, light therapy products are also known to relieve seasonal affective disorders (SADs) in particular, by improving serotonin levels. Light therapy also helps treat and manage various skin conditions. As a result, many key market participants offer phototherapy for skin conditions.
With rising insomnia cases, the demand for light therapy is also increasing. Light therapy rectifies the patient’s circadian rhythm which, in turn, assists in improving sleep outcomes. Many leading market participants offer light therapy that addresses insomnia and helps insomniacs and night shift workers. All of these considerations, along with many others, aid the growth of the light therapy market during the forecast period.
“Rising adoption of the target product to treat and manage dermatological conditions will likely stimulate the global growth of the light therapy market over the forecast period,” says an FMI analyst.
Key Takeaways:
- The risk of skin damage due to UV-light exposure may stymie market growth.
- Increasing incidences of seasonal affective disorder (SAD) promote growth in the U.S light therapy market.
- Photodynamic therapy fuels the light therapy market in Germany.
- By product, handheld devices will gain popularity over the assessment period.
- On the basis of light type, the red light segment will generate the most demand.
Competitive Landscape
Koninklijke Philips N.V., Verilux Inc., Northern Light Technology, Sphere Gadget Technologies, Zepter International, PhotoMedex Inc., Luminette, Klarstein, Lumie, and Aura Daylight among others are some of the major players in the light therapy market profiled in the full version of the report.
Leading market players are keen on new product releases and expanding their capacities. These businesses employ strategies like product innovations, mergers, acquisitions, and partnerships to gain a competitive edge.
Request Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-1160
More Insights into Light Therapy Market Report
In its latest report, FMI offers an unbiased analysis of the global light therapy market, providing historical data from 2016 to 2020 and forecast statistics for 2021 to 2031. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type (light box, floor and desk lamps, light visor, dawn stimulator, light therapy bulbs), light type (white light, blue light, red light), end user (dermatology clinics, homecare settings, others (workplace, salons)), and region.
According to the latest FMI reports, based on segmentation, the red light segment will contribute substantially to the overall market growth. This segment is gaining traction due to its ability to strengthen mitochondria by generating a biochemical effect within cells. In terms of end-user, dermatology clinics will dominate the global market space during the forecast period.
Based on region, the light therapy market in the United States will demonstrate considerable growth during 2021-2031. As there is an increasing prevalence of seasonal affective disorder (SAD) in this region, the demand for light therapy is also high. Again, there’s been a notable surge in illnesses like depression and insomnia which further amplify the demand for light therapy in the U.S. Apart from the United States, the U.K. and Germany will present impressive growth in the light therapy market during the forecast period.
Light Therapy Market by Category
By Product
- Light Box
- Floor and Desk Lamps
- Light Visor
- Dawn Simulator
- Light Therapy Bulbs
By Light Type
- White Light
- Blue Light
- Red Light
By End User
- Dermatology Clinics
- Homecare Settings
- Others (Workplace, Salons)
Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-1160
Table of Content
1. Executive Summary
2. Assumptions & Acronyms Used
3. Research Methodology
4. Market Overview
4.1. Introduction
4.1.1. Market Definition
4.1.2. Market Taxonomy
4.2. Product Overview
4.3. Market Trends
4.4. Market Dynamics
4.4.1. Drivers
4.4.2. Restraints
4.4.3. Opportunity
4.5. Global Market Forecast, 2016–2026
4.5.1. Market Size (Value) Forecast
4.5.1.1. Y-o-Y Growth Projections
4.5.1.2. Absolute $ Opportunity
4.6. Market Trends
4.7. Global Market Snapshot (2015)
4.7.1. Market Share by Product
4.7.2. Market Share by Light Visor
4.7.3. Market Share by End User
4.7.4. Market Share by Geography
Get detailed TOC with Report Preview@ https://www.futuremarketinsights.com/reports/light-therapy-market
More Trending Reports by Future Market Research:
Active Humidifier Devices Market Trends : Global Active Humidifier Devices Market was valued at US$ 1.2 Bn in 2020 and is expected to surpass US$ 1.1 Bn by 2031, reflecting a cumulative CAGR of -2.2% over the forecast period (2021-2031), forecasts Future Market Insights
Home Infusion Therapy Devices Market Outlook : Home Infusion Therapy Devices Market is anticipated to register a Y-o-Y increase of 5.3% and reach US$ 2.0 Bn by 2021. As per Future Market Insights (FMI), the infusion system accessories are expected to account for over 45% sales in the market.
Replacement Sheets Market Demand : Demand for replacement sheets is slated to grow at 4.5% CAGR in 2021, finds Future Market Insights (FMI) in a recent market analysis. Owing to high demand for advanced devices and affordable products in the healthcare sector, the market is projected to reach US$ 117.0 Mn in 2021.
Nasal Antihistamines Market Type : The global Nasal Antihistamines Market was valued at US$ 1.8 Bn in 2020 and is expected to register a CAGR of 4.6% during the forecast period (2021-2031). Sales of Nasal Antihistamines are projected to total US$ 3.0 Bn by 2031
Manometry System Market Forecast : Sales of global manometry systems market totaled US$ 157.3 Mn in 2020. The market registered positive growth at 5.4% CAGR, reaching a valuation of US$ 279.6 Mn by the end of 2031, according to Future Market Insights’ (FMI’s) latest study.
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
