The global light therapy market size was USD 1.10 Billion in 2021 and is expected to register a revenue CAGR of 5.1% during the forecast period, according to the latest analysis by Emergen Research. Technological advancements in light therapy and launch of innovative products, such as handheld light therapy devices, are factors projected to support market revenue growth between 2021 and 2030.
For example, Body Balance System, a Las Vegas-based company makes zero-gravity beds filled with small red lights or diodes due to its health and skin benefits such as fat loss, pain relief, muscle recovery after a workout, and others. In addition, researchers in Brazil have been studying about effects of low-level laser therapy on thyroid gland and found that patients who received therapy were able to reduce their levothyroxine dose, while 47% were able to discontinue levothyroxine and have normal thyroid function during the nine-month follow-up.
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The report offers a complete analysis of the global Light Therapy Market on a global and regional scale and offers a forecast for the market for 8 years. The report provides extensive coverage of the market drivers, restraints, limitations, growth prospects, threats, opportunities, and current and emerging trends in the market. The report also offers an in-depth analysis of the market players along with their business overview, product portfolio, technological advancements, expansion plans, financial standing, and global position. It also sheds light on the collaborations in the competitive landscape, such as mergers and acquisitions, joint ventures, collaborations, product launches, brand promotions, corporate and government deals, licensing agreements, and others.
The leading market contenders listed in the report are as follows:
Koninklijke Philips N.V., Chal-Tec GmbH, Alexion Pharmaceuticals, Inc., Lucimed, Soligenix, Lumos, Gleam, Northern Light Technologies, Zepter International, SPHERE Technology Solutions, Photomedex.com, Lumie, and Joovv, Inc.
Emergen Research has segmented the global light therapy market based on product, light type, application, end-use, and region:
Product Outlook (Revenue, USD Billion; 2019–2030)
Floor and Desk Lamp
Handheld Skin Treatment Devices (HSTDs)
Light Type Outlook (Revenue, USD Billion; 2019–2030)
Application Outlook (Revenue, USD Billion; 2019–2030)
End-use Outlook (Revenue, USD Billion; 2019–2030)
The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
Key regions in the market include:
Rest of EU
Rest of APAC
Rest of Latin America
Middle East & Africa
Rest of MEA
Key Questions Addressed in the Report:
Who are the leading players in the Light Therapy industry?
Which region is expected to dominate the market in the coming years?
What are the key applications of Light Therapy?
Which segment is expected to garner traction during the coming years?
What are the key strategies adopted by leading players in the market?
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