Infant Phototherapy Device Market by Light Source (Fluorescent Lamps, Light-emitting Diodes (LEDs), Quartz Halogen Lamps, and Gas Discharge Tubes), Configuration (Mobile Device and Fixed Device), and End User (Hospitals and Neonatal Clinics): Global Opportunity Analysis and Industry Forecast, 2021-2030
The global infant phototherapy device market was valued at $ 91,930.50 thousands in 2020, and is projected to reach $ 1,32,077.53 thousands by 2030, registering a CAGR of 3.7% from 2021 to 2030.
Phototherapy is one of the most effective and easy methods to treat infants suffering from neonatal jaundice. It is commonly used to reduce the bilirubin (the compound that leads to jaundice) levels in infants. According to the estimates of the National Collaborating Centre for Women's and Children's Health (UK), nearly 60% of term and 80% of preterm babies develop jaundice within the first week of their birth. Neonatal jaundice may also be caused due to other non-physiological causes such as blood group incompatibility, hemolysis, sepsis, bruising, and liver enzyme deficiency. During phototherapy, an infant is kept in a plastic crib, and is exposed to a type of light that is absorbed by the skin. During this process, the bilirubin in the infant's body is converted into a much simpler water-soluble form, which can be easily excreted through stool and urine.
The major factors that drive the growth of the global infant phototherapy device market include rise in prevalence of neonatal jaundice and advantages of phototherapy over other treatment methods. In addition, technological advancements in the field of infant phototherapy drive the market growth. However, side effects of phototherapy treatment restrict the market growth.
The infant phototherapy device market is segmented on the basis of type of light lamp, configuration, end user, and region. According to type of light lamp, the market is segregated into fluorescent lamps, light-emitting diodes (LEDs), quartz halogen lamps, and gas discharge tubes. Depending on configuration, the market is divided into mobile device and fixed device. As per end user, the market is bifurcated into hospitals and neonatal clinics. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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.
KEY BENEFITS FOR STAKEHOLDERS
The study provides an in-depth analysis of the market along with current trends and future estimations to elucidate the imminent investment pockets.
It offers a quantitative analysis from 2020 to 2030, which is expected to enable the stakeholders to capitalize on prevailing market opportunities.
Analysis by light source helps understand the various types of light sources used in infant phototherapy devices.
Comprehensive analysis of all geographical regions is provided to determine the prevailing opportunities.
Key players are profiled, and their strategies are analyzed thoroughly to understand the competitive outlook of the global market.
By Light Source
Light-emitting diodes (LEDs)
Quartz halogen lamps
Gas discharge tubes
Fluorescent lamps (FL)
By Configuration
Mobile device
Fixed device
By End User
Hospitals
Neonatal clinics
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
KEY Players
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..
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