The Birth and Evolution of Light Beds
Phototherapy, or light bed therapy, is a simple procedure in which the skin is specifically exposed to red light. This red light, which resembles natural light, stimulates cells in the affected area of the body.
The use of light bed therapy has a long history. It all began in 1903, when Niels Ryberg Finsen invented a mechanism that created artificial light. For this discovery, he was also given the Nobel Prize in Medicine. In 1938, a Massachusetts hospital used red lights to perform effective testing on patients.
Most healthcare practitioners now regard light bed therapy to be one of the standard of care for the treatment of numerous disorders.
According to study, the worldwide cosmetic products market is expected to be worth $69 billion by 2025. Light bed therapy is one of the best new enterprises in the beauty and medical industries.
The market for light bed therapy was worth USD 811.8 million in 2018, and it is predicted to grow at a 5.1% CAGR from 2020 to 2025.
Growth of the market
Factors such as the rise in dermatological illnesses such as acne vulgaris, psoriasis, and wrinkles are driving the market’s expansion.
Light bed therapy has a wide range of applications, which makes the market more diverse. It allows many businesses to join in and explore the market.
Furthermore, rising disposable income, population growth in the upper middle class, and increased knowledge of cosmetic products.
In addition, modern users choose non-invasive treatments. The popularity of light bed therapy has grown as funding conditions have improved and product technology has advanced.
Light Therapy Market
The market for light bed therapy is always changing. This market has shown tremendous expansion during the last decade. The vast range of applications in the domains of health, fitness, sports, beauty, and medicine has piqued customers’ attention.
Another type of application segmentation is the many settings in which light treatment is employed, such as clinics, salons, homes, and hospitals. According to research, dermatology clinics accounted for more than 58.42 percent of revenue in 2019.
In addition, the number of people purchasing these light beds to utilize them more frequently is increasing. The convenience of end users is a primary factor for the high market value of the home-care setting application, which was roughly USD 495 million in 2018.
North America will account for 50% of the growth, with the light bed therapy market growing at a rate of over 4% throughout the course of the study. The rising prevalence of skin illnesses such as eczema and skin cancer in North America is fueling the rise of the light treatment industry. The presence of significant industrial players in the region will have a favorable impact on industry development.
In 2018, the Asia Pacific light bed therapy market was worth over USD 175 million in revenue. Regional economic growth will be aided by urbanization, changing lifestyles, and rising rates of depression and hypertension in the region. In the coming years, rising healthcare reforms in countries like China will propel the Asia Pacific light bed therapy sector forward.