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| Light Therapy Market |
Light
Therapy Market Insights:
Light
therapy, also referred to as phototherapy, is a type of
therapy that involves exposure to light that is brighter than indoor
light though not as bright as direct sunlight. This therapy is often
used in the treatment of conditions such as depression, jet lag, and
sleep disorders. Light therapy is also used to treat seasonal
affective disorder (SAD), as it helps reset the circadian rhythms,
which controls the sleep-wake cycle.
Light
therapy employs light with wavelengths ranging from 390 nm – 1,100
nm that uses LED, fluorescent lamps, polychromatic polarized or
full-spectrum to administer a certain amount of time during a
specific time of the day.
According
to world Health Organization (WHO), depression is a common mental
disorder. Globally, over 300 million people of all age groups suffer
from depression every year. The medical application of light therapy
includes treatment of skin diseases and skin rejuvenation as well as
treatment of inflammation diseases such as psoriasis and acne. Cancer
cells are killed by administering certain drugs, which are activated
by certain kinds of light, thus playing a major role in treatment of
cancer. According to WHO, psoriasis affects around 2% of the world
population, with nearly two thirds of people having mild form while
others having extensive involvement of skin.
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Light
therapy causes photo-oxidation and thus a primary treatment method
for neonatal jaundice, eczema, and psoriasis. Narrow band ultraviolet
(UVB) and broad band UVB phototherapy are issued for treatment of
skin disorders. Increasing applications, favorable reimbursement
policies, and insurance for such treatments is expected to boost
demand for the light therapy. Treatment of acne by using LED light is
gaining popularity, owing to various benefits such as cellular
rejuvenation and improved blood circulation.
LED
light therapy is more effective than conventional therapy, as it
emits blue and red light, which are beneficial for treating acne and
wrinkles. Markets in developed countries are witnessing increasing
demand for light therapy products due to the geographic location and
high prevalence of SAD. Adoption of light therapy devices such as
light boxes and handled devices are projected to increase at very
high rate over the forecast period, owing to increasing prevalence of
skin-related diseases, which in turn, is caused by increasing
adoption of unhealthy lifestyle and eating habits among the populace.
Growth of the light therapy market is expected to be hampered due to
shortage of funding for light therapy research and post treatment
side effects.
Regional
Insights:
North
America market hold the largest market share due to the presence of
high prevalence of psoriasis and other dermatological diseases in
countries such as the U.S. According to American Academy of
Dermatology (AAD), psoriasis is a common skin disorder that affected
around 7.5 million people in 2013 in the U.S.
The
Asia Pacific market is expected witness rapid growth during the
forecast period due to increasing awareness regarding skin health
coupled with the rising incidence of skin diseases in the region.
According to International Federation of Psoriasis Associations
(IFPA), over 43 million people suffered from psoriasis in Asia
Pacific, in 2014. China is expected to hold majority regional share
due to growing geriatric population and rising prevalence of
dermatological diseases in the country
Competitive
Landscape:
Key
players operating in the global light therapy market include
•
Koninklijke Philips N.V.
•
Aura Daylight
•
Sphere Gadget Technologies
•
Northern Light Technology
•
Beurer
•
PhotoMedex, Inc.
•
Nature Bright
•
Verilux, Inc.
•
Klarstein
•
Zepter International
•
Luminette
•
Lumie
Market
Taxonomy:
On
the basis of product type, the light therapy market is segmented
into:
•
Light Box
•
Floor and Desk Lamps
•
Light Visor
•
Dawn Simulator
•
Light Therapy Bulbs
•
Handheld Devices for skin treatment
On
the basis of light type, the light therapy market is segmented into:
•
White Light
•
Blue Light
•
Red Light
•
Others (green light, yellow light)
On
the basis of end users, the light therapy market is segmented into:
•
Dermatology Clinics
•
Homecare Settings
•
Others (workplace, salons)
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