Shining the Light on Infant Care: Insights on the Infant Phototherapy Devices Market 2023

Infant phototherapy devices are medical devices used for the treatment of neonatal jaundice, a condition where high levels of bilirubin, a yellow pigment, cause yellowing of the skin and whites of the eyes in newborns. Infant phototherapy devices emit blue or white light, which helps to break down bilirubin and reduce jaundice. The devices come in various forms including radiant warmers, phototherapy blankets, and hoods, and can be used in hospital neonatal intensive care units (NICUs) or at home.

Allied Market Research has published a study report with the title Infant Phototherapy Devices Market Size was Valued at USD 91.9 million in 2020, and is Projected to Garner USD 132.1 million by 2030, registering a CAGR of 3.7% from 2021 to 2030.

The infant phototherapy devices market is driven by various factors such as increasing incidence of jaundice in newborns, growing awareness regarding the benefits of phototherapy, increasing health expenditure, and technological advancements in phototherapy devices. Additionally, the increasing number of premature births and the need for advanced neonatal care are also driving the growth of the infant phototherapy devices market.

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This report provides comprehensive competitive analysis and profiles of prominent market players operating in Atom Medical Corporation, AVI Healthcare Pvt. Ltd., Equalize Health, Inc., General Electric Company, Ibis Medical Equipment & Systems Pvt. Ltd., Natus Medical Incorporated, Ningbo David Medical Device Co., LTD., Novos Medical Devices San. Tic. Imp & Ihr. Ltd. Sti., Weyer GmbH, Zhengzhou Dison Instrument, and Meter Co., Ltd.

Infant Phototherapy Devices Market Segmentation: -

Based on configuration, the mobile device segment held the highest market share in 2020, accounting for more than three-fourths of the global infant phototherapy devices market, and is estimated to maintain its leadership status throughout the forecast period. Moreover, the same segment is projected to manifest the highest CAGR of 3.9% from 2021 to 2030, owing to the fact that mobile device provides accurate estimates of Total Serum Bilirubin (TSB) values. The other segment included in the report is fixed device.

Based on end user, the hospital segment accounted for the largest share in 2020, contributing to more than three-fifths of the global infant phototherapy devices market, and is projected to maintain its lead position during the forecast period. This is owing to increase in the number of jaundice treatments performed at hospitals. However, the neonatal clinics segment is expected to portray the largest CAGR of 4.1% from 2021 to 2030.

Based on region, North America held the highest market share in terms of revenue 2020, accounting for more than two-fifths of the global infant phototherapy devices market, due to significant infrastructure for developmental research, availability of substantial research funds. Moreover, the Asia-Pacific region is expected to witness the fastest CAGR of 4.8% during the forecast period, owing to increase in the number of premature births along with increase in the prevalence of neonatal jaundice.

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Our Market Research Solution Provides You Answer to Below Mentioned Question:

Which are the driving factors responsible for the growth of market?
Which are the roadblock factors of this market?
What are the new opportunities, by which market will grow in coming years?
What are the trends of this market?
Which are main factors responsible for new product launch?
How big is the global & regional market in terms of revenue, sales and production?
How far will the market grow in forecast period in terms of revenue, sales and production?
Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?
Which region has more opportunities?

By Region Outlook

• North America
(U.S., Canada, Mexico)
• Europe
(Germany, France, UK, Italy, Spain, Rest of Europe)
• Asia-Pacific
(Japan, China, India, Rest of Asia-Pacific)
• LAMEA
(Brazil, Saudi Arabia, South Africa, Rest of LAMEA)

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