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Light Therapy Market Share, Size, Key Players, Trends, Competitive And Regional Forecast To 2030
The global Light Therapy Market is
expected to rise at a CAGR of 5.10%, with a value of USD 1,112.16 million
during the estimated the forecasting year of 2022-2030.Market Research Future
(MRFR) considers the rising number of dermatological disorders as the major
reason behind the market growth of the Light Therapy Market. Among other major reasons,
growing demand for non-invasive methods, treatment for psychological disorders,
and better funding for research and development projects are deemed to play
crucial roles in taking the market forward.
However, side-effects like eye pain, nausea, headache, itching, burning
sensation, and agitation can deter the market from having a smooth run. Its
lack of awareness in several countries can also hold back the growth.
Segmentation
The global market for light therapy has been segmented in the report on
the basis of product, application, light type, and end user.
By product, the market for light therapy can be segmented into lightbox,
floor & desk lamp, light visor, dawn simulator, handheld devices for skin
treatment (HDST), light therapy bulbs, and others. The ‘others’ segment would
include Bluewave technology and light on a timer. The HDST segment has the
largest market share as patients prefer this for its ability to cope up with the
home care setting. The light therapy visor setting is the fastest-growing
segment, and its portability is playing in favor of the market.
By application, the worldwide
market report on the light therapy can be fragmented into psoriasis, vitiligo,
dermatitis, skin break out vulgaris, resting messes, occasional full of feeling
issue (SAD), and others that incorporate bone wounds and joint agony. The
resting issue section has the largest market inclusion and psoriasis has the
chance to enlist the quickest development rate for a long time to come.
By light kind, the market report
shining on the investigation of light therapy portions the market into blue
light, white light, red light, and others. The blue light fragment covers the
largest piece of the market as its takers are developing to treat sun harm and
skin malignant growth. The red light has the quickest development rate and its
application to treat joint torment and joint inflammation is developing. The
'others' incorporate purple light and yellow light.
By end user, the report segments the market
into homecare settings, dermatology clinics, and others. The home care setting
covers the maximum ground as it is cost affordable. The ‘others’ segment
includes workplace and salons.
Regional Analysis:
The Americas is showing incredible advancement attributable to the
gigantic interest it is getting from the rising interest for painless
techniques. Furthermore, the provincial market has an incredible open door in
getting the market skyline extended by expanding the quantity of medicines
accomplished for dermatological issues with light therapy. In Europe, the
development of this section would be significant as a few nations like France,
Germany, the UK, and others would show development in their gathering of the
light therapy. This would happen for the most part because of expanding
mindfulness and spending limit.
The Asia Pacific
area would profit from the quantity of individuals looking for therapy with
this to counter their mental issues. Development in various individuals
experiencing difficulty with discouragement and tension can build the
opportunity for the light therapy market development. In the Middle East and
Africa, the market would experience the ill effects of an absence of
mindfulness with respect to both dermatological and mental issues and
unfortunate venture limit.
Competitive Landscape:
The light therapy market players like BioPhotas (US), Beurer (Germany), Northern Light Technology (Canada), Koninklijke Philips (Netherlands), Verilux (US), Nature Bright (Taiwan), Chal-Tec GmbH (Germany), Lumie (UK), Lucimed SA (Belgium), Zepter International (Switzerland), and others.
These companies have their recent moves profiled by MRFR to understand the
market movements in a proper way.
Recently, the FDA approved Revian Red dual-wavelength LED light
therapy (PhotonMD) for the treatment of hair loss, which can boost the market
considerably.
About
Market Research Future:
At
Market Research Future (MRFR), we enable our customers to unravel the
complexity of various industries through our Cooked Research Report (CRR),
Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have
supreme objective to provide the optimum quality market research and intelligence
services to our clients.
Contact us:
Market Research
Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street,
5Th Floor,
New York, New
York 10013
United States of
America
+1 628 258 0071
Email: sales@marketresearchfuture.com
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