Global light therapy market size is largely driven by increased prevalence of skin diseaseand growing adoption of therapy to treat psoriasis, cancer, acne, seasonal affective disorder, and neonatal jaundice.
According to WHO, Psoriasis affects approximately 2% of the world population with nearly two thirds of people have mild form while others have extensive involvement of skin.Psoriasis prevalence among the developed countries ranges between 1.5% to 5.0%.
Light Therapy Market Size is forecast to grow above 4.5% CAGR from 2016 to 2024 and reach over USD 980 million by 2024.
Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/740
This therapy is used to treat Seasonal Effective Disorder (SAD) and other specific disorders by making use of artificial light. SAD is a type of depression that islinked to changes in seasons. Brightness in this therapy is more than indoor lighting but less than sunlight. It is a specific wavelengthwhich uses LED, fluorescent lamps, polychromatic polarisedor full-spectrum administered for a certain amount of time during a specific time of the day.
Increased adoption of boxes to treat SAD has acceleratedlight therapymarket growth. It is the primary treatment method to treat neonatal jaundice, eczema and psoriasis. Photo oxidation is believed to provide these beneficial effects.Narrow band ultraviolet (UVB) and broad band UVB phototherapy isused to treat various skin disorders. Increased applications, favorable reimbursement policies, and insurance for such treatments will boost demand.
Based on the products, light therapy boxes market share is expected to dominate sales due to its application in various sleep disorders.Visor market is gaining traction due to its applications in treatment of SAD. The head-mounted portable lighting devices intended to increase convenience and flexibilityof use, are suitedfor novel applications such as in-flight treatment.
LED has become popular due to its various applications on aging epidermis. It enables healthy blood circulation which augments the skin’s natural radiance and improves skin elasticity and surface. Infrared LED is used to treat acne vulgaris. These factors will drive growth.
Blue fluorescent products are widely across thelight therapy market. Rising demand for blue therapy for treatment of skin disorderssuch as psoriasis, eczema and SAD will maintain industry growth with blue light therapy market share expectedto dominate by 2024.
U.S. light therapy market size contributed to majority of North America revenuein 2015, and is anticipated to increase owing to growing prevalence of psoriasis and other dermatological diseases.According to American Academy of Dermatology (AAD), psoriasis remains a common skin ailment in U.S. affecting 7.5 million people.
Germany contributed considerably to European revenue in 2015, mainly due to the adoption of innovative technologies to treat skin diseases. Favorable public and private reimbursement policies are encouraging patients to access novel therapies to treat dermatological diseases.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/740
AsiaPacific is expected to grow rapidly during the forecast periodmainly due to steady economic development in the region.As per IFPA, more than 43 million people living with psoriasis in Asia Pacific.China light therapy market size is anticipated to hold majority regional share due to high geriatric population and rise in prevalence of dermatological diseases.
Key operating participants in the global light therapy market shareincludeNorthern Light Technology, Verilux, Inc., Koninklijke Philips N.V., PhotomedexInc, Zepter International, Beurer, Nature Bright, Chal-Tec-GmbH, Lucimed SA, Lumie, Aura Daylight, Sphere Gadget Technologies.Major strategies adopted by these players include agreements, contracts, strategic partnerships, R&D investment, and mergers and acquisitions to consolidate market share.
Browse Related Reports:
- Home Infusion Therapy Market Size By Product [Infusion Pump, Intravenous Sets, IV Cannulas, Needleless Connectors], By Application [Anti-infective, Hydration Therapy, Chemotherapy, Enteral Nutrition, Parenteral Nutrition, Specialty Pharmaceuticals] Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, China, Japan, Brazil, Mexico, South Africa), Application Potential, Competitive Market Share & Forecast, 2016 – 2023
- Cancer Gene Therapy Market Size By Type [Gene Induced Immunotherapy (Cytokine Gene Delivery, Tumor Antigen Gene Delivery), Oncolytic Virotherapy (Adenoviruses, Lentiviruses, Retrovirus, Adeno Associated Virus, Herpes Simplex Virus, Alphavirus, Vaccinia Virus, Simian Virus), Gene Transfer/Gene Replacement (Naked/Plasmid Vectors, Electroporation, Sonoporation, Magnetofection, Gene Gun)], Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, China, Japan, Mexico, Brazil, South Africa, Saudi Arabia), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Company Name: Global Market Insights Inc.
Contact Person: Arun Hegde
Address:29L Atlantic Avenu, Suite L 105
City: Ocean View
Country: United States