Infant Phototherapy Device Market- By Light Source (Fluorescent Lamp, Light-Emitting Diode (Led), Quartz Halogen Lamp, And Gas Discharge Tube), By Configuration (Mobile Device And Fixed Device), By End User (Hospitals And Neonatal Clinics), And By Region - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Infant Phototherapy Device Market held USD 86.2 million in 2020 and will register to grow at a CAGR of 5.10% during the forecast period.Jaundice is one of the major serious diseases and may lead to serious if not treated properly, which is occurred among the new-borns. This disease is caused due to increased levels of bilirubin in the blood and the liver is unable to metabolize bilirubin in a proper way. Phototherapy technology is used for the treatment of jaundice in new-borns. The infants are laid in a plastic crib, exposing them to a type of light wave to the skin which is absorbed by the skin and blood. During phototherapy process, the bilirubin in the infant’s body is minimized and converted into much simpler water soluble form that can be easily eliminates through the stool and urine.  Moreover, rise in the number of new-borns & rise in infants suffering from jaundice coupled with development of medical infrastructure are some of the factors which will drive the infant phototherapy device market during forecast time.  

Market Segmentation:

Based on the light source, the global infant phototherapy device market is segmented into fluorescent lamp, light-emitting diode (LED), quartz halogen lamp, and gas discharge tube. Depending on Configuration, the market is categorised as mobile device and fixed device. On the basis of end user, the global market is segmented into hospitals and neonatal clinics. By the region, the market is segmented into Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.  

Market Dynamics and Factors:

Technological advancement, growing prevalence of neonatal jaundice, effective phototherapy treatment are the major drivers for the growth of the global infant phototherapy device market. Conversely, the side effects of phototherapy treatment are responsible to restrain the market growth.  Additionally, the presence of major players in the market and availability of products are also boosting the growth of market during the next coming years. On the contrary, the expansion of market potential in the developing regions is creating immense opportunities for the market growth during forecast timeframe. However, on-going global efforts aimed at stringent regulatory conditions and laws pertaining to intellectual property rights are considered to be the challenge for market in the near future.

Geographic Analysis:

North America was expected to leading share in the growth of the global infant phototherapy device market in 2017, due to high rate of diagnosis and treatment of jaundice, advanced health care infrastructure, presence of key players, high awareness towards phototherapy devices among the population, and technological advancements in the region. Europe holds the significant growth rate in the global market attributed to increased rate of diagnosis and treatment of jaundice, availability of products and highly developed health care. Furthermore, Asia pacific is anticipated to fastest growing regional market, owing to increasing health care infrastructure and technological advancements during the forecast time frame. Latin America and the Middle East & Africa region are projected to moderate growth of the market due to lack of awareness about the benefits of phototherapy, lack of appropriate healthcare services and reduced healthcare expenditure in these regions. In addition, the region is expected to high demand of this phototherapy during the upcoming years, owing to increase in awareness initiatives created by healthcare organizations.

Competitive Scenario:

The key players of global infant phototherapy device markets are Atom Medical Corporation, AVI Healthcare Pvt. Ltd., Natus Medical Incorporated, D-Rev, General Electric Company, Ibis Medical Equipment & Systems Pvt. Ltd., Ningbo David Medical Device Co., LTD, Atom Medical Corporation, Weyer GmbH, Zhengzhou Dison Instrument, and Meter Co., Ltd.

Infant Phototherapy Device Market Report Scope