In recent years, there has been growing development of alternative and complementary therapies for various health issues. One such therapy, called light therapy, has been gaining popularity among people. After reading this blog, those who are unfamiliar with this therapeutic approach will gain valuable insight into the remarkable power and effectiveness of light therapy. In this blog, we will delve into the concept of light therapy, its benefits, application, the market progress.
Light therapy, also known as phototherapy, is a non-invasive treatment used to treat a number of mental health conditions. The therapy involves exposure to an artificial light source that emits specific wavelengths of light. The therapy is primarily used to treat seasonal affective disorder (SAD), which is also called as seasonal depression or winter blues.
During light therapy treatment, individuals are exposed to a source of light that is brighter than typical indoor lighting but not as intense as direct sunlight. A special type of fluorescent light called a light box is used in this therapy. Light therapy typically involves a daily prescription of 30 minutes to 2 hours. To undergo the treatment, you position a light box on a desk or table at a specific distance from you. You then sit facing the light box while engaging in activities such as reading, having breakfast, or working on a computer.
According to our research, the light therapy market share accounted for USD 1.04 billion in 2022 and is predicted to reach USD 1.61 billion at a CAGR of 4.5% during the forecast period.
The market is majorly driven by rising concerns over physical appearance, seasonal depression, a sedentary lifestyle, and disposable income. The rising frequency of psychological diseases and dermatological issues are driving the light therapy market growth. Some key players offer light therapy solutions to treat insomnia and help night shift workers. This is another factor supporting the market growth. Favorable funding for medical procedures coupled with growing innovation in the healthcare industry is likely to boost the industry's expansion.
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North America held the largest market share in 2022, owing to a rise in the number of SAD/Winter blues cases, the conditions vitiligo, psoriasis, and acne vulgaris, which can be effectively treated through light therapy.
The growing burden of mental health and skin-related disorders, rising product launches, and increasing investments in R&D activities are the main drivers of market growth. Further, the Asia Pacific region is predicted to register a high CAGR due to factors such as growing adoption and rising awareness of light therapy devices in hospitals, clinics, and home health care, along with increasing investments in telemedicine.
The light therapy market is experiencing significant growth and gaining recognition as a valuable therapeutic approach in various fields. In the coming years, the therapy is expected to improve the overall wellbeing of individuals suffering from various conditions.
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