Global Light Therapy Market Revenue to Reach US$ 1161.5 Mn by 2026
Future Market Insights (FMI) delivers key insights on the global light therapy market in its upcoming report titled, “Light Therapy Market: Global Industry Analysis and Opportunity Assessment 2016 - 2026.” FMI expects light therapy market to expand at 4.8% during the forecast period 2016-2026, majorly driven by its applications in the treatment of Seasonal Affective Disorder (SAD).
Light Therapy Market
Light therapy entails the usage of specially designed light boxes emitting full-spectrum t...
Increasing demand for blue light therapy procedures for treatment of various disorders and conditions, including SAD, globally is prompting manufacturers to launch blue light therapy devices to cater to the growing needs in this regard. Also, over the last few years, leading players are focusing on introducing portable light therapy devices, targeting the consumer segment, which is anticipated to witness surge in market share globally by 2026.
Treatment of acne using LED light is gaining popularity due to various benefits such as cellular regeneration and increased blood circulation. LEDs emit both blue and red light, thus offering added advantage over conventional light therapy, which in turn, is driving growth of the light therapy market globally.
Global light therapy market is segmented on the basis of product type, light type, end user and region.
On the basis of product type, the market has been segmented into light box, floor and desk lamps, light visor, dawn simulator, light therapy bulbs, and handheld devices for skin treatment. Among the various product type segments, light box segment consists the highest market share and is expected to expand at the CAGR of 4.3% between 2016 and 2026.
On the basis of light type, the market is segmented into white light, blue light, red light and others (green light, yellow light).
On the basis of end user, market is segmented into dermatology clinics, homecare settings and others (salons, workplace). Among the end user type segments, homecare settings segment consists the highest market share and is expected to expand at the highest CAGR of 5.1% between 2016 and 2026.
Browse the full "Light Therapy Market: Global Industry Analysis and Opportunity Assessment 2016 - 2026" market research report at https://www.futuremarketinsights.com/reports/light-therapy-market.
On the basis of region, the market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Middle East & Africa and Japan.
North America accounted for the largest market share of 42.4% in 2015, followed by Western Europe. However, the Asia Pacific excluding Japan (APEJ) market is expected to expand at the highest CAGR of 6.5% over the forecast period.
In 2014, the Latin America light therapy market was valued at US$ 26.8 Mn, reflecting a Y-o-Y growth rate of 6.4%.The Eastern Europe light therapy market is expected to expand at a CAGR of 4.5% during the forecast period. In terms of revenue, the Russia market accounted for the largest market share in the Eastern Europe region in 2014, and the country is expected to continue to dominate the market in the region in the coming years, expanding at a CAGR of 4.6% during the forecast period.
Key players in the global light therapy market include Koninklijke Philips N.V., Verilux, Inc., Northern Light Technology, Zepter International, Photomedex Inc, Beurer, Nature Bright, Lucimed SA, Chal-Tec-GmbH, Lumie, Aura Daylight, Sphere Gadget Technologies.
About the Healthcare Division at Future Market Insights
Future Market Insights facilitates corporates, government, investors, and associated audiences in the healthcare sector to identify and accentuate vital aspects applicable to product strategy, regulatory landscape, technology evolution, and other crucial issues to achieve sustainable success. Our unique approach to gathering market intelligence equips you in devising innovation-driven trajectories for your business. Know more about our sector coverage here
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
- Global Digital Pathology Market
- Healthcare Regulatory Affairs Outsourcing Market
- Cold Plasma Market
- Hdl Cholesterol Kits Market
- Single Dose Radiotherapy Services Market
- General Anesthesia Drugs Market
- Clinical Trials Market
- Electronic Medical Records Market
- Injectable Drug Delivery Market
- Microfluidics Market
- Lab Automation Market
- Lung Cancer Surgery Market
- Veterinary Vaccines Market
- Prescription Delivery Services Market
- Vital Signs Monitoring Devices Market