Light Therapy Lamp Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2024-2032F, Segmented By Type (Floor Lamp, Table/Desk Lamp, Others (includes Wall Mounted, Tablet Lamps, etc.)), By Light Type (White Light, Blue Light, Red Light, Others (includes Green Light, Purple Light, Pink Light, etc.)), By End User (Dermatology Center, Home Care, Hospital & Clinic) By Distribution C

The global light therapy lamp market is anticipated to grow during the forecast period, 2023-2028F, with an impressive CAGR on account of rising skin diseases (like psoriasis, vitiligo, and eczema), sleep disorder, changing lifestyles, and seasonal affective disorder (SAD). Increasing awareness among people about the benefits of light therapy lamps and their aesthetic look at homes, offices, hotels, etc., is expected to escalate its demand during the forecast period.

Light therapy, also known as phototherapy, uses daylight or equivalent light to treat various mental illnesses and skin disorders. This is the only highly recommended and inexpensive treatment that mimics the element's sound in sunlight. Light therapy lamps include floor lamps, table/desk lamps, and others. The light therapy lamp includes various lights, such as white, blue, red, and others. The global light therapy lamp market has expanded rapidly in recent years and is expected to grow further in the coming years because of the rising demand for wake-up lights. The wake-up lights provide a gradual increase of light intensity before waking up that gently prepares the body so that people can feel more energized. Over the forecast period, rising consumer awareness about personal health and well-being is expected to be a key factor driving the global light therapy market.

During the COVID-19 pandemic, people were not allowed to go outside, resulting in an increased number of mental illnesses across the globe, which has increased the demand for light therapy lamps in the homecare segment. During the lockdown period, however, the online channel reported higher sales of light therapy lamps because of the closure of retail retailers. It was the only safe and found at option for consumers. In addition, most businesses are selling their products through e-commerce channels. In the United States, an electronic retailers retailer named Best Buy Co., Inc. is a well-known electronic store that sells a wide variety of light therapy floor lamps across the United States, and it has a presence in Canada as well as Mexico.

Growing Number of Skin Disorders and Rising Concern of Individuals Drives the Market Growth

Psoriasis affects people of all ages and in all countries. It is a chronic non-communicable skin disease. It can harm a patient’s emotional, psychosocial, and physical well-being. According to the World Psoriasis Day consortium,125 million people worldwide, 2-3% of the world population, suffers from psoriasis disease, whereas 8 million Americans have psoriasis. Thus, it increased the demand for light therapy lamp as people have started using them at home since it lowers the inflammation and itching sensation caused by this skin condition and thus is gaining popularity. The growing pervasiveness of various skin conditions due to allergies, faltering environment, lifestyle, and other factors is creating demand for a wide range of dermatological therapies.

Diseases Such as Seasonal Affective Disorder Fueling The Market Growth

The coldest months of the year are when one in twenty Americans experience seasonal affective disorder (SAD), a type of depression that is brought on by the change in seasons. In contrast to summer to autumn SAD, or "summer depression," winter SAD is more prevalent. Winter's short days and gloomy mornings can affect when it is produced, which can result in fatigue during the day and irregular sleep patterns at night. Serotonin may be lost along with the sun when it goes out. Serotonin is referred to as the "happy hormone" because it controls appetite, body temperature, and mood. The effects of depression in SAD during the winter months may be triggered by a significant drop in serotonin. A light therapy lamp aims to correct the disruption of the body’s internal clock brought on by the changing seasons. Henceforth, there is increased demand for light therapy floor lamps at home by the consumer.

Rising Sleep Disorder is Driving the Market Growth

The prevalence of sleep disorders is significantly rising as people lead more sedentary lifestyles. According to the American Sleep Association, between 50 and 70 million US adults suffer from a sleep disorder, with chronic insomnia making up 10% of all sleep disorders. Additionally, 40% of people aged 40 to 59, report having short sleep duration, compared to 37% of people aged 20 to 39. Insomnia affects 10–30% of people worldwide and can occasionally affect 50–60% of people. Significant adverse effects of insomnia include depression, diminished work performance, work- or vehicle-related accidents, and generalized low quality of life. Fortunately, numerous treatment options are found at, and this condition is preventable. One of these methods is light therapy, which can alter a person's sleep cycle, a component of the body's internal clock that affects how alert and awake a person feels during the day and how sleepy they feel at night. Light therapy can promote a reset of the circadian rhythm when done correctly, which may enhance sleep quality. Many companies offer sleep-inducing devices for shift workers and insomniacs, such as Re-Timer, who have emerged as leaders in light therapy for insomnia.

Market Segmentation

The global light therapy market is segmented on the basis of type, light type, end user, distribution channel, region, and competitional landscape. On the basis of type, the market is further segmented into floor lamps, table/desk lamps, and others (wall-mounted, portable, etc.) Based on light type, the market is bifurcated into white light, blue light, red light, and others (orange, yellow, green light, etc.). Moreover, segmentation of the market on the grounds of the end user is done into dermatology centers, home care, and others (offices, hotels, salons, etc.) Based on distribution channel, the market is further split into supermarkets/hypermarkets, electronic retailers, online, and others (departmental retailers, multi-branded retailers, etc.)). On the basis of region, the market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

Company Profiles

Verilux, Inc., Koninklijke Philips N.V., Beurer GmbH, Fairdeals Lites P Ltd (murphy' LED Lights), Nature Bright Co., Ltd., Outside In (Cambridge) Ltd (Lumie), Biophotas Inc. (Celluma), Lucimed SA, Carex Health Brands, Inc., and Thrasio Company (Circadian Optics), etc. are among the major players that are driving the growth of the global light therapy lamp market.