Impact of COVID-19 on Light Therapy Market Share, Size , Top Leading Countries

Market Forecast

The Global Light Therapy Market is expected to cross USD 1,112.16 Million by 2025 at a CAGR of 5.1%.Light therapy is also known as phototherapy or luminotherapy. The rising number of dermatological disorders cases and psychological conditions in developed as well as developing regions is fueling market growth. Increasing adoption of non-invasive methods and effectiveness of light therapy to treat skin cancer and other diseases are expected to boost overall demand for light therapy market during the forecast period.

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Market Influencer

Rising prevalence of SAD (seasonal affective disorder) and increasing reimbursement offered to patients for cancer, psoriasis, neonatal jaundice, and eczema by health insurance providers.Growing prevalence of dermatological disorders such as acne vulgaris, psoriasis, etc. For example, acne is the most common skin condition in the US, which affects up to 50 million Americans annually.Increasing the prevalence of psychological conditions, such as SAD, depression, and anxiety.Increasing research & development investments by industry players.Benefits associated with light therapy devices

Rising adoption of blue light therapy procedures

Market Restraints

Side effects of light therapy devices. Some of the side effects of light therapy involve nausea, headache, eye pain, burning sensation, itching, and agitation.

Lack of awareness about light therapy in developing regions

Segmentation

By Product

Light Box: The usage of light box for the treatment of SAD is expected to propel the segment growth.

Floor and Desk Lamps: Adoption of floor and desk lamps to treat SAD will accelerate the segment growth.

Light Visor: The fastest-growing segment, the light visors are portable lightening units which are used to counteract the effects of fatigue, jet lag, and SAD. The wide adoption of light visor for efficient patient management is expected to increase the segment size.

Handheld Devices for Skin Treatment (HDST): The largest segment of the market, rising patient preference toward handheld devices for the treatment of skin disorders is increasing its adoption in homecare settings.

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Dawn Simulator: Dawn simulators are much easier to use than light boxes and are useful tools to adjust circadian rhythm.

Light Therapy Bulbs: They reportedly help to regulate circadian rhythm and lift the mood.

Others: Others include bluewave technology and light on timer.

By Application

Psoriasis: The fastest-growing segment, increasing prevalence of psoriasis is a critical factor for the growth of the segment. Approximately 25% 30% of people with psoriasis experience joint inflammation that produces symptoms of arthritis which is anticipated to propel the segment growth.

Vitiligo: Vitiligo is a common skin disorder which affects between 0.5% and 1% of the population worldwide.

Eczema: Approximately 31.6 million people (10.1%) in the US have some form of eczema.

Acne Vulgaris: Acne usually begins in puberty and affects many adolescents and young adults.

Seasonal Affective Disorder (SAD): Wide adoption of light therapy devices for the treatment of SAD will boost the segment size.

Sleeping Disorders: The largest share of this segment is attributed to the rising prevalence of sleeping disorders.

Others: This segment includes bone injuries and joint pain.

By Light Type

Blue Light: The largest segment, this is attributable to the increasing adoption of blue light for the treatment of sun damage and skin cancer.

Red Light: The fastest segment due to growing applications of red light therapy for joint pain and arthritis treatment.

White Light: The benefits of white light include alleviating symptoms resulting from SAD and depression, will help to increase the segment growth.

Others: This segment covers purple light and yellow light.

By End-User

Homecare Settings: The largest segment, ease of use, and affordable prices of light therapy devices are projected to drive the growth of this segment during the forecast period.

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Dermatology Clinics: A small segment, rising occurrence of dermatological disorders will boost the growth of this segment.

Others: This segment includes workplace and salons.

By Region

Americas: The largest regional market, the rising demand for non-invasive procedures, and the increasing prevalence of dermatological disorders will boost the market growth in this region.

Europe: An increasing public awareness about the benefits of light therapy devices is leading to a rise in the adoption of light therapy devices.

Asia-Pacific: The fastest-growing regional market, Asia-Pacific is seeing a surge in the number of people afflicted with psychological conditions such as depression and anxiety will boost the adoption of light therapy products.

Middle East & Africa: The smallest market due to limited healthcare infrastructure and lack of awareness about light therapy devices in this region.

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Key Players

Beurer (Germany)

Northern Light Technology (Canada)

BioPhotas (US)

Chal-Tec GmbH (Germany)

Koninklijke Philips (Netherlands)

Lucimed SA (Belgium)

Lumie (UK)

Verilux (US)

Nature Bright (Taiwan)

Zepter International (Switzerland)

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