The Light Therapy Market Is Estimated To Increase At A CAGR Of 5.1 Percent During The Forecast Period 2021-2027

Light therapy is a method of regulating seasonal mood swings, improving sleeping habits, and producing an overall sense of well-being through regular, scheduled exposure to extreme quantities of artificial light. Because light therapy promotes photo-oxidation, it is frequently used to treat neonatal jaundice, dermatitis, and psoriasis.

The Light Therapy Market was valued at over USD 1 billion in 2020, and it is predicted to grow at a 5.1% CAGR from 2021 to 2027. Light therapy is a method of regulating seasonal mood swings, improving sleeping habits, and producing an overall sense of well-being through regular, scheduled exposure to extreme quantities of artificial light. Because light therapy promotes photo-oxidation, it is frequently used to treat neonatal jaundice, dermatitis, and psoriasis. The expansion of the light therapy market is also being fueled by increased healthcare spending in emerging nations such as China and India. The primary constraints limiting the growth of the light therapy industry are a lack of awareness about the therapy and a lack of funding invested by companies in research. Because of the potential for negative effects, some consumers are hesitant to use light therapy, which is slowing market growth.

The global light therapy market has seen significant growth in recent years, owing to an increase in uses across a wide range of healthcare applications. These services often include everything from treating a variety of skin ailments to assuring patients' psychological well-being. Light therapy is well-known for its effectiveness in treating seasonal affective disorders, particularly in affluent countries. The expansion of the light therapy market is being fueled by an increase in the frequency of skin-related disorders and a growing awareness of personal care. Psoriasis, vitiligo, and eczema are just a few of the skin illnesses that can be treated with light therapy. Additionally, rising demand for non-invasive treatments and increased awareness of light therapy would significantly boost market revenue.

The expansion of the sector is being aided by technological advancements in the field of light therapy, as well as a growing preference for light therapy treatment. Furthermore, the market demand is being bolstered by an increasing number of product launches and continuing advances in the clinical value of light therapy.

The global light therapy market is divided into five regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. Because of the rising frequency of skin illnesses and the availability of reimbursement policies in the region, North America is likely to lead the worldwide market.

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 the major key players in the Light Therapy Market