Global Light Therapy Market 2024-2028
The light therapy market is forecasted to grow by USD 236.1 mn during 2023-2028, accelerating at a CAGR of 4.36% during the forecast period. The report on the light therapy market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing prevalence of SAD, growing prevalence of skin disorders, and availability of compatible products.
Technavio's light therapy market is segmented as below:
By End-user
- Commercial
- Domestic
- Healthcare
By Type
- Blue light
- Red light
- White light
- Others
By Geographical Landscape
- North America
- Europe
- Asia
- Rest of World (ROW)
This study identifies the significant strategic initiatives by vendors as one of the prime reasons driving the light therapy market growth during the next few years. Also, growing prevalence of complications due to imbalance in circadian rhythm and growing use of lightboxes to avoid winter blues will lead to sizable demand in the market.
The report on the light therapy market covers the following areas:
- Light therapy market sizing
- Light therapy market forecast
- Light therapy market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading light therapy market vendors that include Acupressure Health Care International, Aura Medical LLC, Beurer GmbH, Biophotas, Compass Health Brands, Demyk Lightmod Products Inc., Johari Digital India Ltd., Johnson and Johnson Services Inc., Koninklijke Philips N.V., Light Sources Inc., Lucimed SA, Lumie, Nature Bright, Northern Light Technologies Inc., Photomedex Inc., Red Light Man Ltd., Skrip Electronics, Ultrasun International B.V., Verilux Inc., and Zepter International. Also, the light therapy market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.