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Light Therapy Market Revenue, Growth Factors, Trends, Key Companies, Forecast To 2032

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Light Therapy Market Revenue, Growth Factors, Trends, Key Companies, Forecast To 2032

Global Light Therapy Market is set to expand significantly through 2032, primarily owing to the increasing preference towards non-invasive procedures that ensure better patient care and are less painful. Additionally, increasing demand for technologically advanced products such as portable handheld devices will also benefit the market progression during 2023-2032. For instance, in January 2021, research demonstrated that mobile devices have ensured better care for patients for over the past few years.

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In addition, the key market providers are expanding their portfolios and engaging in meaningful acquisitions and mergers to strengthen their position. Citing an instance, in December 2022, a leading supplier of light therapy solutions, Vellgus Red Light launched its latest red light therapy device that uses near-infrared and red light to reduce inflammation and enhance the healing of wounds.

Overall, the light therapy market has been segmented in terms of product, application, light, end-use, and region.

Based on the product, the dawn simulator segment is set to gain significant traction by 2032, owing to the rising cases of seasonal affective disorder and other types of depression. Research has proven that artificial dawn effects improve sleep inertia and cognitive performance among patients once they wake up.

On the basis of application, the light therapy market is likely to be characterized by the psoriasis segment which accounted for more than 20% market share in 2022 and is anticipated to grow substantially through 2032. The segmental expansion will be ascribed to the increasing cases of skin conditions worldwide.

As per the data from the World Psoriasis Day Consortium, approximately 125 million people across the world (representing 2-3% of the total population) are suffering from psoriasis. Light therapy thus emerges to be one of the most beneficial solutions, to treat psoriasis. According to estimates, light therapy can offer noticeable improvement in psoriasis symptoms in up to 90% patients.

In terms of end-use, the others segment, which comprises hospitals and specialty clinics will grow significantly through 2032. The increasing adoption of light therapy to treat newborns from skin conditions and jaundice is anticipated to drive the market demand.

In the regional context, the Asia Pacific light therapy market is expected to reach more than USD 400 million over the foreseeable time . The regional market growth can be accredited to the increasing funding by private and public organizations to generate awareness about light therapy. Besides, strategic initiatives by major market players in this region would further add to the industry expansion in the coming years.

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Table of Contents (ToC) of the report:

Chapter 1 Methodology

1.1 Methodology

1.2 Market scope & definitions

1.3 Base estimates and calculations

1.3.1 North America

1.3.2 Europe

1.3.3 Asia Pacific

1.3.4 Latin America

1.3.5 MEA

1.4 Forecast calculations

1.5 Data validation

1.6 Data sources

1.6.1 Primary

1.6.2 Secondary

1.6.2.1 Paid sources

1.6.2.2 Unpaid sources

Chapter 2 Executive Summary

2.1 Light therapy industry 360synopsis, 2018 – 2032

2.1.1 Business trends

2.1.2 Product trends

2.1.3 Application trends

2.1.4 Light type trends

2.1.5 End-use trends

2.1.6 Regional trends

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/light-therapy-market

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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