The Birth and Evolution of Light Bed Therapy
Light bed therapy, commonly known as phototherapy, is a cosmetic technique that utilizes red light. This artificial red light mimics natural light, which is then directed at the affected skin. The red light stimulates the cells in the damaged area, promoting healing.
Historically, light bed therapy has been widely used. Its origins trace back to 1903 when Niels Ryberg Finsen invented a system to produce artificial light, earning him a Nobel Prize. The first practical application of phototherapy took place in a Massachusetts clinic in 1938, where red light was successfully used on patients.
In today’s advanced world of beauty and medicine, light therapy has become a highly successful industry. Many medical professionals now recommend light bed therapy for various skin conditions. Research indicates that the global cosmetic goods market will reach $69 billion by 2025. In 2018, the light therapy market was valued at USD 811.8 million, with an expected growth rate (CAGR) of up to 5.1% through 2025.
Market Growth
The popularity of light bed therapy has surged due to improved financial conditions and advancements in chemical synthesis techniques. Market growth is driven by an increase in dermatological issues such as acne, psoriasis, vulgaris, and wrinkles. The versatility of red-light bed therapies has expanded the market, attracting various companies to explore and invest in the industry. Factors like rising disposable income, a growing middle class, increased population, and greater awareness of cosmetic products have further boosted the sector. Additionally, consumers are increasingly opting for non-invasive treatments.
Light Therapy Market
The phototherapy industry has seen significant development over the past decade. The diverse applications of phototherapy in fields such as:
1. Health
2. Sports
3. Fitness
4. Cosmetics
5. Healthcare
Moreover, light therapy can be used in various settings, including:
Beauty shops and salons
Aesthetic clinics
Everyday households
Hospitals
Data indicates that dermatology clinics generated over 58.42% of their revenue from phototherapy in 2019. Additionally, more individuals are purchasing light beds for regular use, leading to a substantial increase in the phototherapy industry. The adaptability of light bed therapy has contributed to the high market value of domestic use, which was estimated at $495 million in 2018.
North America accounts for half of the growth in the phototherapy market, with treatments increasing at a rate faster than 4%. The rising prevalence of skin disorders such as melanoma, skin irritations, skin cancers, and eczema in North America drives the growth of the light therapy industry.
In 2018, the light bed therapy market exceeded USD 175 million. Urbanization, demographic changes, and rising levels of depression and diabetes are expected to accelerate regional development in the cosmetics market, further increasing the demand for phototherapy.
The Asia Pacific light bed treatment market is projected to excel in the coming years, driven by the growing healthcare and cosmetic facilities in China.