Europe Light Therapy Market Size, Share & Industry Trends Analysis Report By End-use (Home Healthcare and Dermatology Clinics), By Application, By Light Type (Blue Light, Red Light and White Light), By Product, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Europe Light Therapy Market would witness market growth of 4.2% CAGR during the forecast period (2022-2028).
The need for light treatment has increased due to the sharp increase in dermatological conditions like psoriasis, acne vulgaris, and wrinkles in developed and developing countries. In addition, the increased usage of handheld gadgets and light boxes for addressing specific skin disorders may also be a growth-boosting effect.
Additionally, factors like increasing attention to physical appearance, an elevation in a sedentary lifestyle, an increase in cases of seasonal sadness during the winter, and an increase in disposable income are fueling the expansion of the light therapy market. The market opportunity for light treatment is also being driven by key manufacturers expanding their line of new products to include handheld devices and light visors.
The market for light therapy has historically experienced tremendous growth due to a major increase in usage across various healthcare applications. These uses often cover everything from helping patients achieve a pleasant psychological state to treating various skin problems. Especially in developed nations, light therapy is widely recognized as an effective treatment method for seasonal affective disorder.
Photodynamic therapy (PDT), an extremely promising complementary cancer treatment that is rapidly gaining traction, is being used more frequently in German clinics and hospitals. In addition to surgery, radiation, and chemotherapy, this is used to eradicate malignant tumors. Additionally, non-cancer medicines are being advanced using this method. In a similar vein, many companies offer PDT for the treatment of precursors of skin cancer. They also provides laser treatment for rosacea and couperose and use a contemporary diode laser that enables gentle treatment of swollen blood vessels. The demand for light therapy in this region is being fueled by the region's rising winter blues and SAD cases. Additionally, the increasing use of light therapy equipment in the homecare sector and the rise in mood disorders sufferers are both contributing to the expansion of the market.
The Germany market dominated the Europe Light Therapy Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $77.9 million by 2028. The UK market is anticipated to grow at a CAGR of 3.3% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 5% during (2022 - 2028).
Based on End-use, the market is segmented into Home Healthcare and Dermatology Clinics. Based on Application, the market is segmented into Sleeping Disorders, Eczema & Acne Vulgaris, Psoriasis, Vitiligo and Others. Based on Light Type, the market is segmented into Blue Light, Red Light and White Light. Based on Product, the market is segmented into Handheld Devices for Skin Treatment, Floor & Desk Lamps, Light Box, Light Therapy Lamps, Light Visor and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Light Therapy Market will Hit $1.2 Billion by 2028, at a CAGR of 4.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Beurer GmBH, Johnson & Johnson, Koninklijke Philips N.V., Biophotas, Inc. (Celluma), Nature Bright Company, Outside In (Cambridge) Ltd. (Lumie), Northern Light Technologies, Inc., Verilux, Inc. (Bear Down Brands, LLC), The Daylight Company Limited, and Theralight LLC.
Scope of the Study
Market Segments Covered in the Report:
- Home Healthcare
- Dermatology Clinics
- Sleeping Disorders
- Eczema & Acne Vulgaris
By Light Type
- Blue Light
- Red Light
- White Light
- Handheld Devices for Skin Treatment
- Floor & Desk Lamps
- Light Box
- Light Therapy Lamps
- Light Visor
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Beurer GmBH
- Johnson & Johnson
- Koninklijke Philips N.V.
- Biophotas, Inc. (Celluma)
- Nature Bright Company
- Outside In (Cambridge) Ltd. (Lumie)
- Northern Light Technologies, Inc.
- Verilux, Inc. (Bear Down Brands, LLC)
- The Daylight Company Limited
- Theralight LLC
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