Light Therapy Market Professional Survey Report 2023-2030 | Koninklijke Philips N.V., Verilux, Inc., Northern Light Technology, TheraLight, LLC

Report Description:

The global light therapy market is estimated to be valued at US$ 874.0 Million in 2022 and is expected to exhibit a CAGR of 4.9% over the forecast period (2023-2030).

Market Dynamics:

Market players are indulged in inorganic activities such as partnerships with distributors, which may increase the customer base, and this in turn is expected to drive growth of the market over the forecast period. For instance, on January 2, 2020, LightStim, a manufacturer of handheld LED therapy device, entered into a partnership with AestheticSource, a distributor of aesthetics products. This agreement is expected to increase patient access for the light therapy products.

Key players are also engaged in launching new and innovative products, which is expected to support growth of the market over the forecast period. For instance, on December 3, 2020, GlobalMed Technologies launched Omnilux Contour, a line of home use LED light therapy products, which is based on the Omnilux Medical technology. Moreover, GlobalMed Technologies also launched its new store online, where all the light products are available for sale.

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The list of Key Players Profiled in the study includes:-

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.

Key Takeaways of the Light Therapy Market:

The global light therapy market is expected to exhibit a CAGR of 4.9% over the forecast period (2020-2027), owing to growth in potential markets, especially in Europe. North America accounted for major market share.

Market players are focused on launching new and innovative light therapy products, which is expected to drive growth of the global light therapy market over the forecast period. For instance, on October 26, 2020, Lumiere Skyn launched next generation skin rejuvenation technology, which involve Red LED wavelengths, Blue LED wavelengths, and amber LED wavelengths for the treatment of various skin issues such as it aids in collagen production, reduces inflammation, promotes even skin tone, and others.
Segmentation Analysis of the Market:

Global Light Therapy Market, By Product Type:

Light Box
Lamps
Light Visor
Dawn Simulator
Light Therapy Bulbs
Handheld Devices

Global Light Therapy Market, By Light Type:

White Light
Blue Light
Red Light
Others

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Go-To-Market Framework

✤ Go-to-market Strategy.
✤ Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, CMI quadrant, and other significant analysis, as well as development status.
✤ Customized regional/country reports as per request and country level analysis.
✤ Potential & niche segments and regions exhibiting promising growth covered.
✤ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Key Benefits

The Light Therapy market report provides the quantitative analysis of the current market and estimations through 2023-2030 that assists in identifying the prevailing market opportunities to capitalize on.

The study comprises a deep dive analysis of the Light Therapy market trend including the current and future trends for depicting the prevalent investment pockets in the market.

The report provides detailed information related to key drivers, restraints and opportunities and their impact on the Light Therapy market.

The report incorporates competitive analysis of the market players along with their market share in the global Light Therapy market.

The SWOT analysis and Porters Five Forces model is elaborated in the study of Light Therapy market.

Value chain analysis in the Light Therapy market study provides a clear picture of the stakeholders' roles.

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The report answers a number of crucial questions, including:

➥ Which companies dominate the global Light Therapy market?
➥ What current trends will influence the market over the next few years?
➥ What are the market's opportunities, obstacles, and driving forces?
➥ What predictions for the future can help with strategic decision-making?
➥ What advantages does market research offer businesses?
➥ Which particular market segments should industry players focus on in order to take advantage of the most recent technical advancements?
➥ What is the anticipated growth rate for the Light Therapy market economy globally?

Contact Us

To explore the potential of the Light Therapy Market and make informed decisions, reach out to Coherent Market Insights. You can contact us via phone or email:

Mr.Shah

US: +1-206-701-6702

UK: +44-208-123-4027

Email: sales@coherentmarketinsights.com

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This release was published on openPR.