Technavio categorizes the global light therapy market as a part of the global healthcare equipment market. The parent market, the global healthcare equipment market, covers products and companies engaged in research and development (R&D) of a variety of product categories, including capital equipment, instruments, implants, accessories, and consumables that are used for the diagnosis, monitoring, and treatment of various diseases.
The global light therapy market is fragmented and is characterized by the presence of numerous large, small, and medium-sized manufacturers. Most of the large and established players have extensive sales and distribution networks globally, whereas most small players are concentrated in the regional markets. Vendors compete based on parameters such as price, quality, technology, brand identity, and distribution. Rivalry among vendors is moderate. Vendors, therefore, opt for pricing and marketing strategies to retain their existing market shares and seize new market opportunities.
The report identifies Biophotas Inc., Beurer GmbH, Johnson & Johnson, Koninklijke Philips NV, Lucimed SA, Lumie, Nature Bright, Northern Light Technologies Inc., Red Light Man Ltd., and Verilux Inc. as major market participants. Although the growing prevalence of SAD will offer immense growth opportunities, low awareness of light therapy will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Request Sample PDF Report Here
The light therapy market is segmented as below:
- End User
- Commercial
- Domestic
- Healthcare
The demand from the commercial end-users has been significant in the market. Commercial spaces such as corporate offices, hotels, and spas use light therapy products as a source of artificial sunlight. In addition, the rising demand for light therapy to relieve pain and stress in spas is driving the growth of the segment.
- Geography
- North America
- Europe
- Asia
- ROW
54% of the market growth will originate from North America during the forecast period. The increase in disposable income and the purchasing power of people in developed countries such as the US and Canada are driving and supporting the growth of the light therapy market in North America. In addition, the presence of developed healthcare facilities and increasing healthcare spending are expected to further accelerate the growth of the regional market during the forecast period.
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. Our light therapy market report covers the following areas:
Light Therapy Market 2020-2024: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the light therapy market, including some of the dominant vendors. Backed with competitive intelligence and benchmarking, our research report on the light therapy market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
Light Therapy Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist light therapy market growth during the next five years
- Estimation of the light therapy market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the light therapy market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of light therapy market vendors
Related Reports:
Light Therapy Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2019 |
Forecast period |
2020-2024 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.75% |
Market growth 2020-2024 |
USD 206.39 million |
Market structure |
Fragmented |
YoY growth (%) |
4.65 |
Regional analysis |
North America, Europe, and Asia |
Performing market contribution |
North America at 54% |
Key consumer countries |
US, Germany, Japan, and China |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Biophotas Inc., Beurer GmbH, Johnson & Johnson, Koninklijke Philips NV, Lucimed SA, Lumie, Nature Bright, Northern Light Technologies Inc., Red Light Man Ltd., and Verilux Inc. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table Of Contents:
1 Executive Summary
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 01: Parent market
- Exhibit 02: Market characteristics
- 2.2 Value chain analysis
- Exhibit 03: Value Chain Analysis: Healthcare equipment
3 Market Sizing
- 3.1 Market definition
- Exhibit 04: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 05: Market segments
- 3.4 Market outlook: Forecast for 2020 - 2025
- Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
- Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 08: Five forces analysis 2020 & 2025
- 4.2 Bargaining power of buyers
- Exhibit 09: Bargaining power of buyers
- 4.3 Bargaining power of suppliers
- Exhibit 10: Bargaining power of suppliers
- 4.4 Threat of new entrants
- Exhibit 11: Threat of new entrants
- 4.5 Threat of substitutes
- Exhibit 12: Threat of substitutes
- 4.6 Threat of rivalry
- Exhibit 13: Threat of rivalry
- 4.7 Market condition
- Exhibit 14: Market condition - Five forces 2020
5 Market Segmentation by End-user
- 5.1 Market segments
- Exhibit 15: End-user - Market share 2020-2025 (%)
- 5.2 Comparison by End-user
- Exhibit 16: Comparison by End-user
- 5.3 Commercial - Market size and forecast 2020-2025
- Exhibit 17: Commercial - Market size and forecast 2020-2025 ($ million)
- Exhibit 18: Commercial - Year-over-year growth 2020-2025 (%)
- 5.4 Domestic - Market size and forecast 2020-2025
- Exhibit 19: Domestic - Market size and forecast 2020-2025 ($ million)
- Exhibit 20: Domestic - Year-over-year growth 2020-2025 (%)
- 5.5 Healthcare - Market size and forecast 2020-2025
- Exhibit 21: Healthcare - Market size and forecast 2020-2025 ($ million)
- Exhibit 22: Healthcare - Year-over-year growth 2020-2025 (%)
- 5.6 Market opportunity by End-user
- Exhibit 23: Market opportunity by End-user
6 Customer landscape
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 25: Market share by geography 2020-2025 (%)
- 7.2 Geographic comparison
- Exhibit 26: Geographic comparison
- 7.3 North America - Market size and forecast 2020-2025
- Exhibit 27: North America - Market size and forecast 2020-2025 ($ million)
- Exhibit 28: North America - Year-over-year growth 2020-2025 (%)
- 7.4 Europe - Market size and forecast 2020-2025
- Exhibit 29: Europe - Market size and forecast 2020-2025 ($ million)
- Exhibit 30: Europe - Year-over-year growth 2020-2025 (%)
- 7.5 Asia - Market size and forecast 2020-2025
- Exhibit 31: Asia - Market size and forecast 2020-2025 ($ million)
- Exhibit 32: Asia - Year-over-year growth 2020-2025 (%)
- 7.6 ROW - Market size and forecast 2020-2025
- Exhibit 33: ROW - Market size and forecast 2020-2025 ($ million)
- Exhibit 34: ROW - Year-over-year growth 2020-2025 (%)
- 7.7 Key leading countries
- Exhibit 35: Key leading countries
- 7.8 Market opportunity by geography
- Exhibit 36: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.2 Market challenges
- Exhibit 37: Impact of drivers and challenges
9 Vendor Landscape
- 9.1 Vendor landscape
- Exhibit 38: Vendor landscape
- 9.2 Landscape disruption
- Exhibit 39: Landscape disruption
- Exhibit 40: Industry risks
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 41: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 42: Market positioning of vendors
- 10.3 Beurer GmbH
- Exhibit 43: Beurer GmbH - Overview
- Exhibit 44: Beurer GmbH - Product and service
- Exhibit 45: Beurer GmbH - Key offerings
- 10.4 Biophotas Inc.
- Exhibit 46: Biophotas Inc. - Overview
- Exhibit 47: Biophotas Inc. - Product and service
- Exhibit 48: Biophotas Inc. - Key offerings
- 10.5 Johnson and Johnson Inc.
- Exhibit 49: Johnson and Johnson Inc. - Overview
- Exhibit 50: Johnson and Johnson Inc. - Business segments
- Exhibit 51: Johnson and Johnson Inc. – Key news
- Exhibit 52: Johnson and Johnson Inc. - Key offerings
- Exhibit 53: Johnson and Johnson Inc. - Segment focus
- 10.6 Koninklijke Philips NV
- 10.7 Lucimed SA
- Exhibit 59: Lucimed SA - Overview
- Exhibit 60: Lucimed SA - Product and service
- Exhibit 61: Lucimed SA - Key offerings
- 10.8 Lumie
- Exhibit 62: Lumie - Overview
- Exhibit 63: Lumie - Product and service
- Exhibit 64: Lumie - Key offerings
- 10.9 Nature Bright
- Exhibit 65: Nature Bright - Overview
- Exhibit 66: Nature Bright - Product and service
- Exhibit 67: Nature Bright - Key offerings
- 10.10 Northern Light Technologies
- Exhibit 68: Northern Light Technologies - Overview
- Exhibit 69: Northern Light Technologies - Product and service
- Exhibit 70: Northern Light Technologies - Key offerings
- 10.11 Red Light Man Ltd.
- Exhibit 71: Red Light Man Ltd. - Overview
- Exhibit 72: Red Light Man Ltd. - Product and service
- Exhibit 73: Red Light Man Ltd. - Key offerings
- 10.12 Verilux Inc.
- Exhibit 74: Verilux Inc. - Overview
- Exhibit 75: Verilux Inc. - Product and service
- Exhibit 76: Verilux Inc. - Key offerings
11 Appendix
- 11.2 Currency conversion rates for US$
- Exhibit 77: Currency conversion rates for US$
- 11.3 Research methodology
- Exhibit 78: Research Methodology
- Exhibit 79: Validation techniques employed for market sizing
- Exhibit 80: Information sources
- 11.4 List of abbreviations
- Exhibit 81: List of abbreviations
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