- Light therapy is the use of light to treat medical conditions. It helps in aligning circadian rhythms and treats sleep disorder. Light therapy glasses come in different light and intensities which helps in re-establishing a healthy sleep schedule.
- Increasing awareness, rising disposable income, changing lifestyles, and changing work cycles are the factors expected to drive the global light therapy glasses market during the forecast period.
Key Drivers and Opportunities of the Global Light Therapy Glasses Market
- Currently, a downward trend in average duration of sleep and increasing prevalence of insomnia and other sleep disturbances are seen in many people, particularly those based in western countries. Light therapy glasses emit light which stimulates the eyeballs (similar to sunlight stimulation). Photosensitive retinal ganglion cells which are responsible for effective sleep patterns and energy levels are improved and maintained.
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- Increasing job pressure, and irregular work schedules hamper the sleep cycle among shift workers, nurses, doctors, etc. The growth in the healthcare industry, and IT industry is expected to drive the light therapy glasses market during the forecast period.
- The other prominent segment comprises athletes and entertainment workers who travel considerably and have no particular work timing; hence, the correct product targeted toward these segments is likely to fuel growth of the light therapy glasses market.
- Sleep problems are still unrecognized in many countries. Moreover, the population in many countries is aging, which provides good business opportunity. The light therapy glasses market is consolidated and with increasing awareness is expected to expand during the forecast period.
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North America to Hold Major Share of the Global Light Therapy Glasses Market
- In terms of geography, the global light therapy glasses market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
- North America is expected to be the global leader of the light therapy glasses market during the forecast period due to increasing number of patients, followed by Asia Pacific. The U.S. is expected to dominate the market in the region. Japan and India are projected to be the major countries in terms of business growth during the forecast period.
Key Players Operating in the Global Market
Major players operating in the global light therapy glasses market include:
- Chrono Eyewear B.V.
- GloFX
- Lucimed SA
- MindPlace
- NOVALOGY
- OSRAM GmbH.
- PEGASI
- Pocket Sky
- Propeaq
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