Light Therapy Market : Key Trends And Emerging Innovations During The Forecast Period From 2019-2027

 

Light Therapy Market

When treating certain conditions, such as skin disorders (psoriasis and vitiligo), neurological disorders (anxiety, depression, seasonal affective disorder (SAD), mood and sleep disorders), some cancers and precancerous conditions (such as hyperbilirubinemia), jaundice in newborns, and others, light therapy uses natural light or any form of equivalent light. There are tabletop and handheld light treatment equipment available.

The Light Therapy Market is anticipated to reach a value of US$ 874.0 Mn in 2020 and grow at a CAGR of 4.9% from 2020 to 2027,says Coherent Market Insights.

Market Growth

The Light Therapy Market is experiencing rapid growth and significant advancements, driven by key trends and emerging innovations that are revolutionizing the field of healthcare and wellness. Light therapy, also known as phototherapy, involves the use of specific wavelengths of light to treat various medical conditions, psychological disorders, and cosmetic concerns. As more research highlights its efficacy, the market is poised to witness remarkable expansion in the coming years.

 One of the primary trends propelling the Light Therapy Market is the increasing prevalence of skin-related conditions such as psoriasis, acne, and eczema. Light therapy has emerged as a safe and effective treatment option for these conditions, driving the demand for phototherapy devices and treatments. Moreover, the rising awareness about the harmful effects of UV radiation from the sun has boosted the adoption of non-UV light therapy options, such as LED-based devices, which are safer and more convenient for patients.

Another key trend is the growing interest in mental health and well-being. Light therapy has proven to be beneficial in addressing seasonal affective disorder (SAD) and other mood disorders. As people become more conscious of mental health issues, the demand for light therapy devices that can improve mood and overall well-being is increasing, leading to a surge in product development and innovation in this segment.

Moreover, technological advancements are reshaping the Light Therapy Market landscape. Manufacturers are incorporating cutting-edge technologies, such as smart features, smartphone connectivity, and personalized treatment options, into their devices to enhance user experience and treatment outcomes. These innovations allow patients to tailor their light therapy sessions according to their specific needs, making the treatment more efficient and convenient.

 Key Players

Koninklijke Philips N.V., Verilux, Inc., Northern Light Technology, TheraLight, LLC, Zepter International, Photomedex Inc., Beurer GmbH, Nature Bright, Lucimed SA, PhotonMD, Inc., BioPhotas, Chal-Tec GmbH, Johnson & Johnson, and Carex Health Brands Inc. are significant market participants in the world of light therapy.

A tube that can be introduced into the body is called a cannula, and it is frequently used to administer or remove fluid or to collect samples. The inner or outer surfaces of a trocar needle can be surrounded by a cannula, expanding the effective needle length by at least half of the original needle's length. Angiostomy Cannula is a medical treatment where a clogged artery is unblocked using plastic cannulas and surgical balloons. These cannulas must be manufactured of neutral material to prevent blood cells from becoming inflamed.

In conclusion, the Light Therapy Market is witnessing remarkable growth, fueled by key trends and emerging innovations. The rising prevalence of skin-related conditions, increasing focus on mental health, technological advancements, and the integration of light therapy into various medical disciplines are all contributing to the market's expansion. As research continues to validate the effectiveness of light therapy and consumer awareness grows, the future looks promising for this transformative and rapidly evolving market.