Due to various disorders and conditions such as seasonal affective disorder (SAD), blue light therapy has witnessed a significant demand globally. This has compelled various manufacturers to cater to such growing demands. The global light therapy market is expected to register at 4.8% over the forecast period, 2026.
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Market Dynamics: Attributed to various advantages such as increased blood circulation and cellular regeneration, acne treatment using LED light is gaining traction. Moreover, treatment through LED light treatment offers the benefits of red and blue light therapy over conventional light therapy. Such factors are driving growth of the light therapy market globally over the following decade.
Global Light Therapy Market to Grow at 4.8% CAGR throughout 2026
Segmentation Analysis: The light box segment among various among other products accounts for relatively high market share and will grow at 4.3% CAGR in the span of next ten years. Whereas, the homecare settings segment among various end users accounts for relatively high market share and will grow at a relatively high CAGR of 5.1% over the following decade. The white light among various types of light will witness a healthy growth in the span of next ten years.
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Regional Analysis
Following Western Europe North America accounted for major market share of 42.5% in 2015 among various regions. Whereas, the APEJ market will expand at a relatively high CAGR of 6.5% over the following decade.
In 2014, the light therapy market in Latin America registered a 6.4% Y-o-Y growth rate. Whereas, the light therapy market in Eastern Europe will grow at 4.5% CAGR in the span of next ten years.
However, in 2014, the light therapy treatment market in Russia represented major market share in Eastern Europe. Russia will retain dominance in the region in the span of next ten years, growing at a 4.6% CAGR over the following decade.
Vendor Insights
Market players operating in the global light therapy market include Verilux, Inc., Koninklijke Philips N.V., Zepter International, Northern Light Technology, Beurer, Photomedex Inc, Lucimed SA, Nature Bright, Lumie, Chal-Tech-GmbH, Sphere Gadget Technologies and Aura Daylight.
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Seasonal Affective Disorder Market information: by type (fall and winter SAD, and others), by diagnosis (physical exam, lab tests, and others), by treatment (light therapy, medications, and others), by end user- global forecast till 2027Market Analysis The global seasonal affective disorder market is predicted to touch USD 694.9 million at a 4.2% CAGR by 2023, as per the latest Market Research Future (MRFR) report.
Based on type, the seasonal affective disorder market is segmented into spring and summer SAD, fall and winter SAD, and others.
The psychological evaluation segment is again segmented into direct observation tests, vocational tests, neuropsychological tests, aptitude tests, achievement tests, attitude tests, personality tests, and intelligence tests.
Regional Analysis By region, the seasonal affective disorder market report covers the latest trends and growth opportunities across the Americas, Europe, the Asia Pacific (APAC), and the Middle East and Africa (MEA).
This is owing to growing awareness, changing lifestyle, availability of products and treatments, and developing health facilities.
This is owing to limited access to healthcare facilities, less awareness about seasonal affective disorder, and low prevalence rate.
Market HighlightsThe global seasonal affective disorder market is growing moderately, and it is expected to grow at the same pace over the forecast period 2017-2018.
Adoption of advanced diagnosis and treatment also plays an important role in the growth of this market.Request Sample Copy:https://www.marketresearchfuture.com/sample_request/4123The global market of seasonal affective disorder was around USD 521.0 million in 2016 and is expected to reach USD 694.9 million by 2023 at a projected CAGR of 4.2%.Major Players in Seasonal Affective Disorder MarketSome of the key market players: AbbVie Inc. (US), Allergan (Republic of Ireland), Bayer AG (Germany), Bristol-Myers Squibb Company (US), F. Hoffmann-La Roche Ltd (Switzerland), Henry Schein, Inc (US), Pfizer Inc. (US)Regional AnalysisThe global seasonal affective disorder market consists of four regions: the Americas, Europe, Asia Pacific, and the Middle East & Africa.The Americas dominate this market, particularly North America due to increasing prevalence of this disorder in the region.
It is estimated that around 10 million Americans are affected by this disorder.
Growing awareness in South American population regarding this disorder is major driving force.Increasing cases of seasonal affective disorder in Europe is leading the market growth.
However, increasing healthcare expenditure, growing awareness, and increasing government support to improve life of patients drive this market.The Middle East & Africa region is expected to have the least growth during the forecast period due to lack of awareness about this disorder and limited access to healthcare facilities.SegmentationThe global seasonal affective disorder market is segmented on the basis of type, which includes fall and winter SAD, spring and summer SAD, and others.On the basis of diagnosis, the market is segmented into physical exam, lab tests, psychological evaluation, and others.
Lab tests is sub-segmented into complete blood count (CBC), thyroid blood tests, and others.
