Global Market for Light Therapy
Dublin, Jan. 24, 2024 (GLOBE NEWSWIRE) -- The "Light Therapy - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The latest market analysis report has been launched, providing an in-depth exploration of the global Light Therapy market, expected to reach a significant US$1.3 Billion in value by the year 2030. This substantial growth reflects a steady CAGR of 4.7% through the forecast period from 2022 to 2030. Innovations and advances in Handheld Devices are set to fuel this uptrend, showcasing an impressive 5.3% CAGR, and aimed at capturing US$564.3 Million of the market share by 2030.
The report also highlights the significant strides made in the United States, which is estimated to command a market size of US$230 Million in 2022. Furthermore, China's pivotal role in the global sphere is underscored, with predictions of a robust 7.3% CAGR leading to a market size of US$277.6 Million by 2030. The analysis predicts substantive growth not only in these regions but also in Japan, Canada, and within Europe, particularly Germany, all of which are forecast to evolve at varying yet notable CAGR percentages.
Segment Analysis and Regional Insights
The study delves into segment-specific developments with a particular focus on:
Growth prospects and trends for Handheld Devices as a dominant segment.
Regional market performance, with the spotlight on the U.S. and China.
Expansions in the Lamps segment across the global market.
Competitive Landscape and Market Dynamics
The scope of the research encompasses an extensive competitive analysis, featuring detailed insights into the market dynamics influenced by select key players:
Innovative product introductions by leading industry participants.
Strategic market positioning and geographical footprint across multiple regions.
Key percentage shares held by principal companies in the sector.
Included in the report are numerous features enhancing the research experience:
Peer-to-peer collaborative updates in an interactive, online format.
Access to a digital research platform and archives for enriched analysis.
One year of complimentary report updates for dynamic market tracking.
As the Light Therapy market continues to advance, this report serves as a vital tool for stakeholders and sector enthusiasts aiming to gain a comprehensive understanding of the evolving landscape, competitive dynamics, and the future outlook of this burgeoning industry.
No. of Pages
2022 - 2030
Estimated Market Value (USD) in 2022
Forecasted Market Value (USD) by 2030
Compound Annual Growth Rate
A selection of companies mentioned in this report includes
Koninklijke Philips NV
Nature Bright Co.
Northern Light Technologies, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/o0klpu
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