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New Developments with Operational Updates In Light Therapy Market And Key Companies Koninklijke Philips N.V., Aura Daylight, Sphere Gadget Technologies, Northern Light Technology, Beurer

09-24-2018 12:41 PM CET | IT, New Media & Software

Press release from: Medical Device

New Developments with Operational Updates In Light Therapy

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.

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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.

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

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, and Lumie.

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