Light Therapy- Market Size and Forecast Analysis 2016-2020
The global light therapy market has been segmented on the basis of application as follows:
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Majority of the market for light therapy has been dominated by generic product manufacturers. China has become a home for low-cost photo therapy lamp, and other products manufacturers. Turnkey products are exported from China to companies in western countries, which further engage in branding and product promotion. Products are available for home use, as well for commercial applications in therapy centers. Various light therapy clinics have also evolved in the recent past for treatment of depression, and skin rejuvenation and acne treatment. Noctura 400 sleep mask manufactured by PolyPhotonix Medical Ltd. a U.K. based company is claimed to show positive results in 66% of the diabetic retinopathy patients. The CE market product reduces retinal thickness and intra-retinal cysts within three months of use.
Light therapy market is mainly driven by growing tendency to opt for drugless therapy, mainly to avoid drug effects. Psychological treatment of depression, and sleep disorder through exposure to bright light has although not been fully supported by scientific data. Phototherapy has been beneficial in treatment of jaundice in neonatal. It helps in conversion of bilirubin in the body into water soluble byproducts, which can be easily excreted from the body. Publication of more studies on effect of phototherapy on treatment of depression and sleep related disorders would help the market grow rapidly in other parts of the world. Increasing disposable income and rising trend for cosmetic treatment has provided necessary traction for light therapy products in this segment. Light of varied colors such as red, blue, green and yellow have shown effective acne reduction and improved skin tone. Currently U.S., Europe and countries in South-East Asia such as Korea, Thailand and China are leading geographies in light therapy market. The Middle East and Africa contribute minimally to the market and also represent sluggish growth.
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Spearhead Acuity Business Research & Consulting Private Limited (SA-BRC) is a premium Life Science business intelligence and data analytics firm. SA-BRC team offers a wide range of business intelligence services to multiple stakeholders such as Medical Device Manufacturers, Service Providers (Hospitals, Payers, etc.), Suppliers, Group Purchase Organizations, Distributors and all other individuals in the entire value chain of healthcare industry. Our research and consulting capabilities extend across several sub-domains within the sphere of Life Sciences such as Biotechnology, Healthcare IT, Medical Devices, Veterinary Sciences, Wellness Products and Pharmaceuticals.
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