Light Therapy Lamps Market To Grow With an Impressive CAGR During the Forecast Period
Advancing mental health concerns is
driving the growth in Global Light Therapy Lamps Market in the forecast period,
2022-2026.
According
to TechSci Research report, “Global Light Therapy Lamps
Market By Type (Floor Lamp,
Table/Desk Lamp, Others) By Light Type (White Light, Blue Light, Red Light and
Others) By End User (Dermatology Clinics, Home Care and Others) By Distribution
Channel (Supermarket & Hypermarkets, Electronic Stores, Online and Others) By
Region, Competition Forecast & Opportunities, 2026”,
the global light therapy lamps market may potentially project an impressive
growth in the forecast period, 2022-2026, with an impressive CAGR on the
account of rising instances of skin related problems. Rising instances of psoriasis, vitiligo and eczema is substantiating
the growth of global light therapy lamps market in the upcoming five years.
Moreover, increased cases of mental disorders like seasonal mood swings,
various types of depression, sleep related disorders, and behavioral issues is
further aiding the growth of the global light therapy lamps market. The therapy
is actively utilized to overcome skin problems, obesity, daily mood swings and
cosmetic surgeries and thus driving the growth of the global light therapy
lamps market in the next five years.
Light therapy involves daily exposures that are
often scheduled for a time slot to the intense levels of artificial lights to
regulate mental problems. Regulation of seasonal mood swings, to improve
sleeping patterns, and infuse a general sense of well-being the process of
light therapy is beneficial. Light therapy lamps are specifically designed
light lamps that emits ultraviolet (UV) light. The emitted light causes a
chemical change in the brain that lifts your mood and eases other symptoms of seasonal
affective disorder.
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The global light therapy lamps market segmentation
is based on type, light type, end user, distribution channel, regional
distribution, and competitional landscape. Based on light type, the market is
further segmented into white light, blue light, red light and others. White
light is anticipated to dominate the market segment on the account of its
increased affectivity in the method of light therapy. White (UV) light is used
a treatment for conditions like seasonal affective disorder, certain types of
depression, jet lag, sleeping disorders, irregular sleeping schedules, and
dementia. The rising incidences of these disorders is substantiating the growth
of the market segment in the next five years, and thereby aiding the growth of
the global light therapy lamps market. Blue light therapy is used for treating sun
damage and premalignant or malignant skin cancer growths. It prevents skin
cancer and removes both precancerous skin lesions and cancerous skin lesions
that haven't spread to other areas of the body (or metastasized).
Based on type, the market is further bifurcated
into floor lamp, table/desk lamp, and others. Floor lamps are anticipated to
dominate the market segment with its highest revenue shares of the market in
the upcoming five years on the account of increasing demands for the light
therapy by the population. Growing concerns for the mental health and rising
demands due to various depression therapies is substantiating the growth of the
floor lamps in the next five years. According to the National Institute of Mental
Health, approximately more than 51 million people were living with mental
illness in the U.S. in 2019. Floor lamps as the light therapy product helps in
seasonal affective disorder (SAD) by potentially improving the serotonin
levels. Also, increasing cases of sleeping disorders are creating demand for
various light therapy products. Table/ desk lamps are expected to register
maximum growing CAGR rate on the account of rising awareness among the
population and their inclination toward light therapy to combat seasonal mood
swings, irregular sleeping patterns, etc.
Holding the major shares of the global light
therapy lamps market are Verilux, Inc., Koninklijke Philips N.V., Beurer GmbH,
Fairdeals Lites P Ltd (murphy' LED Lights), Nature Bright, Outside In (Cambridge)
Ltd (Lumie), Aura, Sphere Gadget Technologies, Carex Health Brands, Inc.,
Thrasio company (Circadian Optics), among others. Market players are actively
involved in the research and technological development in the product
developments. The advanced technology has made it possible for the industry to
provide excellent services through light therapy lamps. Further advancement
would aid the market value and brand establishment in the future five years.
New market players may focus on the research and development to provide options
that satisfies the consumer demand as well as benefits the market players in
building their brand value. Other competitive strategies include mergers &
acquisitions and new product developments.
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“Asia Pacific region is anticipated to
be highest revenue generating market as well as is anticipated to dominate the
global-regional analysis. The market growth can be attributed to the low cos
and affordable light therapies available in the major economies of the region
like, China, Japan, South Korea, etc. This affordable cost is encouraging
consumers for light therapy in other countries like India, Malaysia, Thailand
etc. Owing to its ability to stimulate cells, plump, whiten, and repair the
skin the concept of light therapy is popularizing in the recent years. New
market players must concentrate and invest over technological advancements for
their brand establishment,” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based Global management consulting firm.
“Global Light Therapy
Lamps Market By Type (Floor Lamp, Table/Desk Lamp, Others) By Light Type (White
Light, Blue Light, Red Light and Others) By End User (Dermatology Clinics, Home
Care and Others) By Distribution Channel (Supermarket & Hypermarkets,
Electronic Stores, Online and Others) By Region, Competition Forecast &
Opportunities, 2026”, has evaluated the future
growth potential of global light therapy lamps and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and analyzes
the emerging trends along with essential drivers, challenges, and opportunities
in global light therapy lamps market.
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