A recent report published by Infinium Global Research on light therapy blood market provides an in-depth analysis of segments and sub-segments in global as well as regional light therapy blood market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional light therapy blood market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global light therapy blood market. According to the report the global light therapy blood market is projected to grow at a CAGR of 5.1% over the forecast period of 2018-2024.
The light therapy is also known as phototherapy in which the natural or artificial colors or full spectrums are used to improve the imbalances caused by the lack of natural light or to simulate the specific healing response in the body. The light therapy is specifically used to treat the seasonal affective disorder (SAD) as well as it is useful for the treatment of Jet lag, Sleep disorders, Dementia, and other related conditions. In this therapy, the devices such as light therapy box, and handled devices are used.
The light therapy is effective to brain chemicals that are linked with sleep and mood thus, light therapy is used to treat the depression, Jet lag, sleeping disorder or other conditions. In addition, the blue and red light emitted from the light therapy box is beneficial in the treatment of acne and wrinkles.
According to WHO, depression is a common disease that affects more than 300 Million peoples all over the globe. Rapidly growing occurrence of seasonal affective disorder (SAD) is the primary factor driving the growth of light therapy market. In addition, the growing popularity of light therapy using the LED light as LED offers health benefits such as cellular regeneration and improved blood circulation that are likely to boost the demand of light therapy market over the forecast period. However, the lack of research and advancements may hamper the growth of light therapy market.
Moreover, the growing adoption of light therapy to treat the various types of cancer is projected to create several opportunities in the light therapy market in the upcoming years. The light can easily reach cancer cells present in skin and areas that are isolated. For instance, the new therapy, vascular-targeted photodynamic therapy (VTP) is an effective, nonsurgical therapy for men with low-risk prostate cancer.
Geographically, North America holds the largest market share in the light therapy market. The rising occurrence of various dermatological diseases in the North America region is contributing to the growth of the light therapy market in this region. In addition, the Asia-Pacific region is growing with the highest CAGR in the light therapy market. The growing geriatric population and the rising occurrence of dermatological diseases are driving the growth of light therapy market in the Asia-Pacific region
The report on global light therapy blood market covers segments such as product type, light type, and end user. On the basis of product type, the global light therapy blood market is categorized into the light box, floor & desk lamps, handheld devices, dawn simulator, bulbs, and visor. On the basis of light type, the global light therapy blood market is categorized into white light, blue light, red light, and orange light. On the basis of end user the global light therapy blood market is categorized into dermatology centers, home care, and others.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global light therapy blood market such as Lumie, Northern Light Technology, PhotoMedex Inc, Koninklijke Philips N.V., Sphere Gadget Technologies, Aura Daylight, PhotoMedex, Inc., Nature Bright, Zepter International, and Others.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global light therapy blood market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of light therapy blood market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the light therapy blood market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the light therapy blood market to understand the present and future trends in this market and formulate their strategies accordingly.