The market for light therapy is anticipated to grow to a value of USD 1,586.8 million by 2034 and USD 1012.1 million in 2024. The market is anticipated to grow at a CAGR of 4.6% during the forecast period. The light therapy industry was valued at USD 1017.2 million in 2023.
Phototherapy, also known as light therapy, plays a therapeutic role in treating mood disorders, sleep disorders, and skin conditions. In recent studies, light therapy has been shown to be effective in treating seasonal affective disorder (SAD), depression, and sleep problems.
New research aims to use light therapy to treat chronic pain, improve cognitive function, and improve athletic performance. The use of wearable technologies and customized light exposure protocols has made light therapy more accessible and therapeutic for more people.
Increasing mental health issues worldwide and increased awareness of its benefits have boosted market demand for light therapy goods and services. In order to treat sleep disorders and mood disorders, such devices may be used as additional or alternative therapies. Spa treatments, fitness plans, and workplace wellness programs integrate light therapy into new revenue streams for wellness and lifestyle businesses.
Increasing demand for phototherapy products is driving the growth of the light therapy market. Researchers and developers are constantly exploring new markets and uses for light therapy equipment, all to make it safer and more effective.
The use of light therapy in complementary and alternative medicine practices also increases the scope of practices and attracts new patients. Light therapy is expanding into various sectors, including workplace wellness, hospitality, and retail.
NASA discovered that light therapy could be used in treating a variety of medical conditions by accident while researching LEDs for growing plants in space. Scientists working in the laboratory under red and blue LED lighting reported faster healing of abrasions on their hands.
A study found that light therapy helped not only with SAD but with major depression and perinatal depression. Researchers have found that light therapy is effective in treating 40-60% of depression patients. Using light therapy in conjunction with medications is thought to have a greater effect on the treatment.
It has been discovered that bright light therapy (BLT) for the treatment of seasonal affective disorder has been optimized over time. BLT is usually carried out in the early hours of the morning using a light box to ensure the best possible results. SAD patients with strict criteria reached symptom remission with light therapy in the majority of studies.
Competitive Landscape in Light Therapy Market
Light therapy solutions that are customized or personalized can give you a competitive edge. Technological advancements may lead to the development of tailored treatment protocols based on the circadian rhythm, skin type, or condition of a patient.
Businesses that provide light treatment may focus on expanding their distribution networks, collaborating with merchants, or entering new geographic markets. Patients and doctors both benefit from better access to products.
Partnerships with healthcare providers and wellness centers can help companies expand their market reach. Light therapy solutions may be integrated into existing healthcare services through partnerships, collaborations, or joint product development.
Light therapy education and increasing consumer awareness require effective marketing strategies. Social media participation, advertising campaigns, and educational resources may be used by businesses to reach their target audience.
Industry Updates
In February 2024, Koninklijke Philips N.V. unveiled a groundbreaking innovation in healthcare imaging. LumiGuide, a light-based alternative to X-rays, enables doctors to navigate blood vessels without the use of X-rays.
A Detailed Full Report
Market Segmentation of Light Therapy
By Product Type:
The industry is segregated into light box, floor and desk lamps, light visor, dawn simulator, and light therapy bulbs.
By Light Type:
In terms of light type, the industry is classified into white light, red light, and blue light.
By End User:
In terms of end user, the industry has been classified into dermatology clinics, homecare settings, and others (workplace, salons)
By Region:
Key countries of North America, Latin America, Western Europe, East Asia, South Asia, Eastern Europe, and the Middle East and Africa are covered.
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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