Light Therapy Market size to surpass $1.5Bn by 2032

Light Therapy Market size is estimated to reach over USD 1.5 billion by 2032, as per a new research report announced by Global Market Insights Inc.
 

Supportive reimbursement strategies and growing patient preference for non-invasive procedures are the chief drivers of the light therapy industry trends. Moreover, escalating adoption of blue light therapy for skin diseases is proving lucrative for the business outlook. Mounting usage of blue light therapy in the treatment of psoriasis is likely to drive product landscape.
 

Multiple benefits in skin diseases to increase HDST industry share

Handheld devices for skin treatment (HDST) segment in light therapy market is anticipated to grow over USD 300.5 million till 2032. These devices use visible or near-infrared spectral light and LED light for skin rejuvenation and removing skin blemishes. Furthermore, several advantages, including ease of use and low cost, are expected to drive the progression for HDST devices.
 

Escalating advantages in COVID-19 treatment to push blue light segment development

The rising usage of blue light in the treatment of a wide range of medical illnesses and disorders, including acne vulgaris and seasonal affective disorder (SAD), is fueling segment expansion. Additionally, increased demand for blue light therapy in the treatment of COVID-19 in recent years is also poised to stimulate revenue potential. A research paper published by bioTxiv suggests that in 2022, 425 nm blue light can inactivate the severity of respiratory syndrome resulting from the COVID-19 infection.
 

Browse key industry insights spread across 150 pages with 130 market data tables & 20 figures & charts from the report, “Light Therapy Market Size By Product (Light Box, Floor and Desk Lamp, Light Visor, Handheld Devices For Skin Treatment {HDST}, Dawn Simulator, Light Therapy Bulbs), Application (Psoriasis, Vitiligo, Eczema, Acne Vulgaris, Winter Blues, Sleeping Disorders, Seasonal Affective Disorder {SAD}), Light (Blue Light, Red Light, White Light), End-use (Homecare Settings, Dermatology Clinics), Regional Outlook, Industry Analysis Report, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/light-therapy-market
 

Mounting preference for non-invasive therapy to augment product demand in dermatology clinics

The widespread knowledge regarding skin care and the impact of social media on creating awareness about varied skin conditions and their treatment are positively influencing the dermatology clinics segment progress. In addition, snowballing inclination toward non-invasive treatment of skin disorders and procedures in dermatology clinics is boosting the segment's expansion. Israeli dermatology firms have been focusing on minimally invasive advanced laser technology for aesthetic and anti-aging procedures due to its reduced downtime.
 

Favorable results of phototherapy in eczema to shape market scenario

Light therapy market value from the eczema segment is projected to depict a 5.5% CAGR by 2032. As per the National Eczema Association report, approximately 70% of eczema sufferers see improvements after receiving phototherapy. Red light treatment is utilized to lessen eczema-related itching and inflammation. As a result, the segment progression is speculated to be backed by the growing product usage in the treatment of this condition.
 

Easy availability of advanced solutions to propel Europe light therapy market trends

Europe light therapy industry to hit USD 445 million by the end of 2032. The region may emerge as a major hub for this industry owing to consistent attempts by industry players to secure product approvals and high adoption of devices in the region. Furthermore, the availability and affordability of advanced treatments, coupled with supportive government refurbishment policies in developed countries, are foreseen to further push the regional market development.
 

Lucrative partnerships with medical institutes to remain a key growth strategy

Rigorous R&D initiatives and mergers & partnerships by industry players are foreseen to benefit the strategic landscape of the light therapy industry. Some key light therapy market players profiled in the report include BioPhotas, Beurer, Carex Health Brands (Compass Health Brands Corp.), Koninklijke Philips N.V., and PhotoMedex, among others.