Light Therapy Market Regional Growth Drivers, Opportunities, Trends, and Forecasts to 2027

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Light Therapy Market - Regional Growth Drivers,
Opportunities and Trends Forecasts to 2027

• According to research conducted by the University
  of Arizona Health Sciences people diagnosed with
  migraine can be treated with green light therapy.
  This research has shown that green light reduces
  the intensity and frequency of headaches. The
  number of monthly headache days is reduced by an
  average of over 60. This has significantly
  improved the life quality of patients without
  getting any side effects. Benefits like these are
  increasing the demand for light therapy across
  the world. In fact, a research report by Global
  Market Insights Inc. states that the light
  therapy market revenue was valued at nearly USD 1
  billion in 2020 and is anticipated to exhibit a
  growth rate of over 5.1 through 2027.
• Growing number of patients diagnosed with sleep
  disorders like insomnia is the primary factor
  responsible for the proliferation of light
  therapy market. People residing in locations with
  dark winters are likely to be diagnosed with
  seasonal affective disorder owing to daylight
  deprivation.

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• Incidences like these have propelled the demand
  for dawn simulators that regulates the intensity
  of light and this proves beneficial for
  sleep-deprived people. This helps people getting
  appropriate sleep and deal better with seasonal
  changes. Owing to such benefits, the segment
  captured over 10 of light therapy market share
  in 2020.

• Based on the application, the winter blues
  segment is anticipated to showcase a CAGR of over
  5.1 throughout the forecasted timeframe. Winter
  blues is a disorder that is mainly observed in
  Nordic countries and locations in the northern
  latitude. Light therapy helps in suppressing the
  rising melatonin that is generally observed on
  darker days. Such factors primarily contribute to
  the industry growth.

• In case of light type, the market is fragmented
  into blue light, red light, white light and
  others. The white light segment held the largest
  revenue share of around USD 460 million in 2020.
  There has been a significant rise in the usage of
  light therapies for treating mental illnesses
  like depression. White light lets patients
  improve their concentration, fight anxiety and
  boost their morale. These aforementioned factors
  will stimulate the insistence for white light
  therapy over the projected timeframe.

• The end use segment is subjugated by the homecare
  settings, which held a market share of around 60
  in 2020 and is projected to proliferate at a
  blistering pace through 2027. Increased usage of
  light therapy devices in home settings will
  propel the market growth. In addition, increased
  demand for homecare devices has further boosted
  the demand for light therapy market.

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• Regional Analysis

• The Asia Pacific light therapy market is
  predicted to grow at a CAGR of over 5.7 over the
  projected timeframe. Growing geriatric population
  has increased the demand for skin rejuvenation
  treatments. In addition, there has been a
  substantial rise in the number of patients
  diagnosed with skin disorders. The increasing
  influence of social media coupled with rising
  disposable income has boosted the demand for
  light therapy.

• Competitive Analysis

• Key players Aura Daylight, Beurer, Biophotas,
  Carex, The Daavlin Company, Koniklijke Philips,
  Lucimed, Lumie, Northern Light Technologies,
  Medisana GmBH, Neutrgena (Johnson Johnson),
  Verilux, Zepter International

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-therapy-market
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