Rise
in Skin Disorders Driving Global Light Therapy Market
·
Light therapy or phototherapy is a treatment type wherein a
patient is exposed to an artificial light source. It affects brain chemicals
linked to mood and sleep, and also helps to reset the circadian rhythms, which
control the sleep-wake cycle. This therapy is often used in the treatment of
various disorders, including depression, jet lag, and sleep disorders. Light
therapy is also used to treat seasonal affective disorder (SAD).
Request Brochure –
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=73923
·
Rise in prevalence rate of skin disorders as well as continuous
investment by manufacturers to launch innovative products fuel market growth.
In February 2018, Clarify Medical launched handheld, smartphone-connected
phototherapy device, which received the U.S. FDA approval in June 2017. This
advanced device is used in the treatment of skin diseases, including psoriasis,
vitiligo, and eczema.
Key
Drivers and Restraints of Global Light Therapy Market
·
Increase in the burden of dermatological disorders, including
acne vulgaris and psoriasis is fueling market growth. According to an article
published in Clinical, Cosmetic and Investigational Dermatology in 2017, major
skin disorders include dermatitis/eczema (31.5%), viral infections (12.5%),
pigmentary disorders (7.4%), melanocytic nevi (5.8%), alopecia areata (5.8%),
acne (5.6%), nail disorders (3.3%), vascular malformations and hemangiomas
(2.9%), psoriasis (2.6%), and bacterial infections (2.6%). Being a highly
effective treatment for several skin diseases, including psoriasis, vitiligo,
scleroderma, and other dermatologic disorders, light therapy market is expected
to grow.
·
Favorable reimbursement policies in developed countries will
further boost the market growth. Light therapy is eligible for reimbursement
with a flexible spending account (FSA), health savings account (HSA) or a
health reimbursement arrangement (HRA).
·
Side effects of light therapy include headaches, burning
sensation, eye pain, itching, and nausea. This factor may hamper light therapy
market growth in the near future.
Request COVID Analysis on Light Therapy Market –
https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=73923
Handheld
Devices for Skin Treatment to Witness High Demand
·
Based on product type, the global light therapy market can be
segmented into light box, floor and desk lamps, light visor, handheld devices
for skin treatment (HDST), dawn simulator, light therapy bulbs, and others
·
Handheld devices for skin treatment (HDST) held a major share of
the global light therapy market and is projected to grow significantly during
the forecast period. Allure received dermatologist- and editor-approved skin
care tools in 2019, including a handheld LED light that destroys fine lines
over time.
·
Light visor segment is projected to expand at a significant CAGR
during the forecast period. Acceptance of portable lightening devices,
such as light visors for effective patient management will accelerate segment
growth in the near future.
Request Customization on Light Therapy Market Report –
https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=73923
Red
Light Segment to Witness Highest Growth
·
Based on light type, the global light therapy market can be divided into
blue light, red light, white light, and others (green light and yellow light)
·
Blue light segment dominated the global light therapy market in
2018. The adoption of blue light in the treatment of numerous medical
conditions and disorders, such as seasonal effective disorder (SAD), acne
vulgaris, etc., is likely to boost segment growth. Rise in demand for blue
light therapy in the treatment of different skin diseases will further propel the
segment.
·
Red light is expected to be the rapidly growing segment during
the forecast period due to wide acceptance of red light therapy in various
treatments. In 2019, PhotonMD, Inc. announced positive results from a pivotal
clinical trial assessing a series of hair growth devices, including REVIAN RED
for the treatment of androgenetic alopecia. In the trial, REVIAN RED
successfully demonstrated the ability to stop hair loss and subsequently grow
new hair.
Pre Book Light
Therapy Market Report –
https://www.transparencymarketresearch.com/checkout.php?rep_id=73923<ype=S
North
America to Dominate Global Light Therapy Market
·
In terms of region, the global light therapy market can be
divided into North America, Europe, Asia Pacific, Latin America, and Middle
East & Africa
·
North America dominated the global light therapy market in 2018.
Rise in prevalence of skin disorders, including eczema and skin cancer, in North
America is driving the light therapy market. According to current studies by
National Psoriasis Foundation, U.S., more than 8 million Americans have
psoriasis. As per the American Academy of Dermatology (AAD), acne is the most
common skin condition in the U.S., affecting up to 50 million Americans
annually. Increase in investments from government and various organizations is
expected to drive the light therapy market in North America.
·
Awareness, along with rise in the burden of the disease are a
few factors that are anticipated to drive the light therapy market in Asia
Pacific. Emerging markets, such as China and India, offer high growth
potentials to market players. The prevalence of psoriasis in China ranged from
0.11% to 0.47%, as per a study published on Epidemiology and treatment of
psoriasis: a Chinese perspective in 2014.
About Us
Transparency Market Research is a global market intelligence company,
providing global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides forward-looking
insight for thousands of decision makers. Our experienced team of Analysts,
Researchers, and Consultants, use proprietary data sources and various tools
and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and information.
With a broad research and analysis capability, Transparency Market Research
employs rigorous primary and secondary research techniques in developing
distinctive data sets and research material for business reports.
Contact
Transparency Market Research
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com
