The research study covers the present scenario and growth prospects of the global light therapy market for 2017-2021. The market is segmented based on geography (APAC, EMEA, and the Americas) and end-user (commercial, domestic, and healthcare).
The availability of products through online platforms and growing awareness among end-users about the use of light therapy products to prevent SAD are driving the growth of the global light therapy market. Vendors are improving their manufacturing capabilities and establishing new distribution channels in untapped and emerging markets to meet the growing demand and increase customer satisfaction. Increasing investments in R&D to develop advanced products to gain a competitive edge is a common strategy followed by vendors.
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Technavio research analysts highlight the following three factors that are contributing to the growth of the global light therapy market:
- Growing prevalence of SAD
- Increase in demand for light therapy for different applications
- Growing adoption of light therapy by dermatologists
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Growing prevalence of SAD
Technology end-users need to adopt effective storage systems to change unstructured data into structured data. A recent innovation in storage management, such as Resistive Random Access Memory revolutions and software-defined technology may mark the beginning of the transformation happening in the IT industry for database management systems. Enterprises need to invest in innovative storage solutions to manage the massive amounts of unstructured data generated from third-party platform technologies, which include social networking, cloud, big data, and analytics.
Amber Chourasia, a lead health and wellness research analyst at Technavio, says, “Analytics solutions, when integrated with SDS solution for big data management, reduce costs, and boost business agility. The integration of big data with network file systems, a containerized approach, and rapid provisioning of analytics applications, streamlines the management of unstructured data for business intelligence.”
Increase in demand for light therapy for different applications
Software-defined technology is poised to disrupt the traditional enterprise IT infrastructure model. Companies are under immense pressure to replace legacy IT infrastructure with innovative models that can cut costs significantly. Software-defined storage provides a lean business model and minimizes costs by automating process controls and replacing traditional hardware with software.
“Growing need for advanced technologies, such as big data and IoT, require innovative IT solutions that can manage large sets of data and optimize connectivity to manage data center workloads. Software-defined solutions are different from traditional data centers and networking structures. These can automate data centers through software and network programmability, which reduces the maintenance cost of hardware,” adds Amber.
Growing adoption of light therapy by dermatologists
High demand for virtualization of IT solutions (such as data centers and network virtualizations) is boosting the market growth. With virtualization, multiple operating systems can be operated on a single physical system that can be shared with the primary hardware resource. Virtualization can be implemented across any level of system layers, such as hardware and OS virtualization.
Enterprises can use virtualization technologies to improve the efficiency and agility of their networking and storage resources. Network function virtualization (NFV) technology offers greater flexibility to firms. This technology is offered by software-defined compute and storage solutions. The NFV technology decouples the forwarding plane, such as intrusion detection, domain name system, network address translation, and firewalls, from the hardware and shifts control to software.
- Koninklijke Philips
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