Light Therapy Market 2021 By Regional Statistics, CAGR, Trend & Growth Forecast To 2027

Light Therapy Market 2021 By Regional Statistics, CAGR, Trend & Growth Forecast To 2027

It would not come as a surprise to note that 1 in 20 adults in the United States had a severe mental illness in 2019. Moreover, WHO suggests that more than 264 million people of all age groups, worldwide, suffer from depression. Such conditions have impelled people to turn to permanent solutions which would allow them to get out of their current states, introducing the enhanced demand for light therapy.

According to a recent report by Global Market Insights, Inc., the global light therapy market size is expected to exhibit an appreciable growth rate of 5.1% over the span of 2021 to 2027.

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Mounting cases of skin conditions and disorders have left people to shift to various skin treatments, including light therapy as this procedure produces ample benefits including cost-effectiveness. Light therapy is usually used to treat skin conditions such as acne, vitiligo, and deep wrinkles. In addition to this, the therapy also comes in handy for a series of skin conditions like eczema, lesions, and psoriasis. In this case, it would be overt to state that the increasing demand for non-invasive procedures will further augment the demand for light therapy in various regions.

It would be pivotal to mention that prevalence of skin related issues in the Asia Pacific region is relatively higher, which has prompted beauty conscious people to shift to light therapy skin procedures. Moreover, an increase in per-capita income and augmenting social media influence are opening new growth avenues for the regional market. Estimates claim that Asia Pacific light therapy market would depict a CAGR of 5.7% through 2027. Light therapy devices have a proven ability to stimulate cells, whiten and brighten, and repair the skin, under all conditions.

Rising incidences of seasonal affective disorder and vivid types of depressions are expected to drive the demand for dawn stimulators in the years to come. It was reported that the dawn stimulator segment acquired a fair share of 10% in 2020 and is currently looking forward to taking over a massive stake in the overall light therapy market space over the forthcoming years. These products expose the sleeper to slowly increasing intensity of light before awakening him. This helps the sleeper to deal with the changing intensities in light due to seasonal variation.

In 2014, Cambridge-based light therapy expert-Lumie had declared the launch of the novel aromatherapy Bodyclock Iris. The product stands to be a potential alarm clock that blends in aromatherapy with a simulated sunset and sunrise, helping the sleeper to relax at bedtime and wake up when fully refreshed.

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Winter blues have been deemed to produce a sense of depression in some people, which calls for immediate healing. And in this case, light therapy stands to be an ideal choice as it helps to suppress the rise in melatonin that comes with darker days.

Industry experts claim that light therapy market from the winter blues segment is set to depict a CAGR of 5.1% over the forecast period. In fact, light therapy comes in handy for people who have been struggling with the blues during these critical COVID-19 pandemic times.

According to the reports, light therapy market is potentially fragmented into vivid light segments including white, red, and blue lights. Of these diversifications, white light therapy segment is anticipated to account for a notable share in the upcoming years. This growth can be ascribed to the product’s increasing use in various light therapies and depression treatment.

White light is generally required to improve concentration, bolster the mood, and help in fighting irritability during seasonal disorders. That said, the global light therapy market from the white light segment recorded a valuation of $460 million in 2020.

Partial Chapter of the Table of Content

Chapter 2   Executive Summary

2.1    Light therapy market industry 3600 synopsis

2.1.1    Business trends

2.1.2    Product trends

2.1.3    Application trends

2.1.4    Light type trends

2.1.5    End-use trends

2.1.6    Regional trends

Chapter 3   Light Therapy Market Industry Insights

3.1    Industry segmentation

3.2    Industry landscape, 2016 – 2027 (USD Million)

3.3    Industry impact forces

3.3.1    Growth drivers

3.3.1.1    Growing patient preference towards noninvasive procedure

3.3.1.2    Favorable reimbursement scenario in developed economies

3.3.1.3    Technological advancement in light therapy

3.3.1.4    Rising adoption of blue light therapy for skin disease

3.3.2    Industry pitfalls & challenges

3.3.2.1    Risk of side effects

3.3.2.2    Lack of awareness in underdeveloped economies

3.4    Growth potential analysis

3.4.1    By product type

3.4.2    By application

3.4.3    By light type

3.4.4    By end-use

3.5    COVID-19 impact analysis

3.6    Regulatory landscape

3.7    Reimbursement scenario

3.7.1    U.S.

3.8    Porter's analysis

3.9    Competitive landscape, 2020

3.10    PESTEL analysis

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