Published Date: 28-Feb-2023
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According to a new report, published by KBV research, The Global Light Therapy Market size is expected to reach $1.2 billion by 2028, rising at a market growth of 4.7% CAGR during the forecast period.
The Dermatology Clinics segment is showcasing a CAGR of 5.1% during (2022 - 2028). Eczema, psoriasis, Acne, and vitiligo are just a few of the skin-related illnesses that dermatology clinics specialize in treating. Moreover, over the course of the projected period, the segment expansion is anticipated to be fueled by the rising use of non-invasive treatments and technological breakthroughs, such as the usage of laser technology.
The Sleeping Disorders segment is leading the Global Light Therapy Market by Application in 2021 thereby, achieving a market value of $333 million by 2028. Insomnia, hypersomnia, and breathing during sleep while asleep are just a few of the conditions that are connected to sleep disorders. The aforementioned illnesses are linked to hazardous lifestyle choices like smoking, drinking alcohol, and spending more time in front of screens. The 24-hour circadian clock present in the brain, which controls not only the sleep and waking cycles but also hormone activity, digestion, and other critical biological activities, is influenced by complex systems that are exposed to light.
The Red-Light segment has shown the growth rate of 4.8% during (2022 - 2028). Red light treatment is expected to gain popularity quickly in the next few years due to its capacity to boost mitochondria by eliciting a metabolic response within cells. The use of red light therapy can boost the synthesis of adenosine triphosphate (ATP), it has been determined. It is believed to aid tissue and wound healing, hair development, and sun damage restoration. There have been significant advancements made in the use of red light therapy.
The Handheld Devices for Skin Treatment segment is generating highest revenue share in the Global Light Therapy Market by Product in 2021 thereby, achieving a market value of $307.2 million by 2028. Due to the product's many desirable qualities, including mobility, effective technology, and user-friendliness, the market is expanding. They are used to treat skin, and they make use of technology like microcurrents and ultrasonic waves to make the skin look better. Additionally, more handheld light devices are receiving product approval because of their high demand and ease of use.
The North America market dominated the Global Light Therapy Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $448.8 million by 2028. The Europe market is exhibiting a CAGR of 4.2% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 5.4% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/light-therapy-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Light Type
Unique Offerings from KBV Research
North America Light Therapy Market size & Opportunities 2022-2028
Europe Light Therapy Market & Growth Forecast 2022-2028
Asia Pacific Light Therapy Market Share & Industry Outlook to 2028
LAMEA Light Therapy Market Growth, Trends & Forecasts 2022-2028