Global Light
Therapy Market, by Product Type (Light Box, Lamps, Light Visor, Dawn
Simulator, Light Therapy Bulbs, and Handheld Devices), by Light Type (White
Light, Red Light, Blue Light, and Others), by End User (Dermatology Clinics,
Homecare Settings, and Others), and by Region (North America, Latin America,
Europe, Asia Pacific, Middle East, and Africa), is estimated to be valued at
US$ 874.0 million in 2020 and is estimated to exhibit a CAGR of 4.9% during the
forecast period (2020-2027).
The increasing prevalence of
depression is expected to increase in the number of patients suffering from
seasonal affective disorder (SAD), which in turn is expected to drive growth of
the global light therapy market over the forecast period. For instance,
according to Our World in Data Statistics, 2019, the following table depicts
the number of patients suffering from depression in some of the countries,
globally, in the year 2017 and 2018.
Market players are focusing on
launching new and innovative products, which is expected to drive growth of the
global light therapy market over the forecast period. For instance, in November
2019, TheraLight, LLC launched TheraLight FIT, an advanced light therapy
technology that use LED with both Red and IR wavelengths for total body
photobiomodulation (TBP).
* The sample copy includes: Report Summary, Table of
Contents, Segmentation, Competitive Landscape, Report Structure, Methodology.
Request a sample copy
of this report: https://www.coherentmarketinsights.com/insight/request-sample/384
Global Light Therapy Market-
Impact of Coronavirus (COVID – 19) Pandemic
The COVID-19 pandemic is expected
to fuel growth of the global light therapy market over the forecast period.
According to The Open Dermatology Journal: 20th August 2020, some of the
COVID-19 patients reported aggravation of their skin disorders such as rosacea,
eczema, atopic dermatitis, and neurodermatitis due to prolong use of masks
during the COVID-19 epidemic. Moreover, use of skin disinfectants such as
sanitizers are also responsible for increasing the incidence of contact
dermatitis not only in the COVID-19 positive patients but also in healthy
individuals. Moreover, according to the same source, increasing skin disorders
among the COVID-19 patients may lead to increasing risks of developing
neurological disorders such as depression, anxiety, and others. Therefore,
increasing cases of skin disorders and neurological disorders are expected to
support growth of the market over the forecast period.
Many market players are engaged
in conducting clinical trials for determining the safety and efficacy of light
therapy on the treatment of COVID-19 patients. For instance, in 2020, Multi
Radiance Medical initiated clinical trial for testing their pulsed laser
therapy technology for the recovery of COVID-19 patients, after receiving
approval from the Health Ministry in Brazil. The study is based on the reports
where Multi Radiance technology was used for improving the lung function in
chronic obstructive pulmonary disease (COPD) patients. Currently the study is
in the research phase. Such research and development activities are expected to
support growth of the market over the forecast period.
Browse 35 Market Data Tables and
23 Figures spread through 154 Pages and in-depth TOC on, Global Light Therapy
Market, Global Light Therapy Market, by Product Type (Light Box, Lamps, Light
Visor, Dawn Simulator, Light Therapy Bulbs, and Handheld Devices), by Light
Type (White Light, Red Light, Blue Light, and Others), by End User (Dermatology
Clinics, Homecare Settings, and Others), and by Region (North America, Latin
America, Europe, Asia Pacific, Middle East, and Africa),
Browse Research
Report: https://www.coherentmarketinsights.com/market-insight/light-therapy-market-384
Key players are engaged in
adopting inorganic activities such as partnerships for providing access of the
products for patients suffering from skin disorders, which is expected to
increase the customer base of the market. For instance, in 2019, Daavlin
International entered into a partnership with Healthlens for providing access
for the Daavlin 7 series home phototherapy unit for the treatment of skin
disorders such as psoriasis, vitiligo and eczema. The partnership will provide
dermatology consultation and treatment to the patients at their home.
Key Takeaways of the Light
Therapy Market:
The global light therapy market
is expected to exhibit a CAGR of 4.9% over the forecast period (2020-2027),
owing to growth in potential markets, especially in Europe. North America
accounted for major market share.
Market players are focused on
launching new and innovative light therapy products, which is expected to drive
growth of the global light therapy market over the forecast period. For
instance, on October 26, 2020, Lumiere Skyn launched next generation skin
rejuvenation technology, which involve Red LED wavelengths, Blue LED
wavelengths, and amber LED wavelengths for the treatment of various skin issues
such as it aids in collagen production, reduces inflammation, promotes even
skin tone, and others.
Some of the major players
operating in the global light therapy market include Koninklijke Philips N.V.,
Verilux, Inc., Northern Light Technology, TheraLight, LLC, Zepter
International, Photomedex Inc., Beurer GmbH, Nature Bright, Lucimed SA,
PhotonMD, Inc., BioPhotas, Chal-Tec GmbH, Johnson & Johnson, and Carex
Health Brands Inc.
Buy-Now this research
report: https://www.coherentmarketinsights.com/insight/buy-now/384
About
Coherent Market Insights:
Coherent
Market Insights is a prominent market research and consulting firm offering
action-ready syndicated research reports, custom market analysis, consulting
services, and competitive analysis through various recommendations related to
emerging market trends, technologies, and potential absolute dollar
opportunity.
Contact
Us:
mailto:sales@coherentmarketinsights.com
U.S.
Office:
Name: Mr. Shah
Coherent
Market Insights 1001 4th Ave,
# 3200
Seattle, WA 98154, U.S.
US : +1-206-701-6702
UK : +44-020-8133-4027
JAPAN : +050-5539-1737
No comments:
Post a Comment