Infant Phototherapy Device Trends and Forecast
The future of the global infant phototherapy device market looks promising with opportunities in the hospital and neonatal clinic markets. The global infant phototherapy device market is expected to reach an estimated $0.11 billion by 2030 with a CAGR of 4.3% from 2024 to 2030. The major drivers for this market are increasing prevalence of neonatal jaundice, growing number of newborns, and on-going technological advancements in the field of infant phototherapy.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Infant Phototherapy Device by Segment
Infant Phototherapy Device Market by Light Source [Shipment Analysis by Value from 2018 to 2030]:
• Light-Emitting Siodes (LEDs)
• Quartz Halogen Lamps
• Gas Discharge Tubes
• Fluorescent Lamps (FL)
Infant Phototherapy Device Market by Configuration [Shipment Analysis by Value from 2018 to 2030]:
• Mobile Device
• Fixed Device
Infant Phototherapy Device Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
• Hospitals
• Neonatal Clinics
• Others
Infant Phototherapy Device Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Infant Phototherapy Device Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies infant phototherapy device companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the infant phototherapy device companies profiled in this report include-
• Atom Medical Corporation
• AVI Healthcare
• Equalize Health
• General Electric Company
• Ibis Medical Equipment & Systems
• Natus Medical Incorporated
• Ningbo David Medical Device
• Novos Medical Devices
• Weyer
• Zhengzhou Dison Instrument & Meter
Infant Phototherapy Device Market Insights
Lucintel forecasts that mobile device is expected to witness higher growth over the forecast period because it helps in providing accurate estimates of total serum bilirubin (TSB) values, thus depicting an inexpensive technology that uses commodity smartphones to effectively screen newborns for jaundice.
Hospitals will remain the largest segment due to growing number of jaundice treatment performed at hospitals and increasing implementation of government initiatives to improve the healthcare infrastructure across the globe.
North America will remain the largest region over the forecast period due to presence of strong infrastructure for developmental research, growing funding for research, and increasing number of government programs to promote the market for infant phototherapy devices in the region.
Features of the Global Infant Phototherapy Device Market
Market Size Estimates: Infant phototherapy device market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Infant phototherapy device market size by light source, configuration, end use industry, and region in terms of value ($B).
Regional Analysis: Infant phototherapy device market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different light sources, configuration, end use industries, and regions for the infant phototherapy device market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the infant phototherapy device market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the infant phototherapy device market size?
Answer: The global infant phototherapy device market is expected to reach an estimated $0.11 billion by 2030.
Q.2 What is the growth forecast for infant phototherapy device market?
Answer: The global infant phototherapy device market is expected to grow with a CAGR of 4.3% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the infant phototherapy device market?
Answer: The major drivers for this market are increasing prevalence of neonatal jaundice, growing number of newborns, and on-going technological advancements in the field of infant phototherapy.
Q4. What are the major segments for infant phototherapy device market?
Answer: The future of the global infant phototherapy device market looks promising with opportunities in the hospital and neonatal clinic markets.
Q5. Who are the key infant phototherapy device market companies?
Answer: Some of the key infant phototherapy device companies are as follows:
• Atom Medical Corporation
• AVI Healthcare
• Equalize Health
• General Electric Company
• Ibis Medical Equipment & Systems
• Natus Medical Incorporated
• Ningbo David Medical Device
• Novos Medical Devices
• Weyer
• Zhengzhou Dison Instrument & Meter
Q6. Which infant phototherapy device market segment will be the largest in future?
Answer: Lucintel forecasts that mobile device is expected to witness higher growth over the forecast period because it helps in providing accurate estimates of total serum bilirubin (TSB) values, thus depicting an inexpensive technology that uses commodity smartphones to effectively screen newborns for jaundice.
Q7. In infant phototherapy device market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to presence of strong infrastructure for developmental research, growing funding for research, and increasing number of government programs to promote the market for infant phototherapy devices in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the infant phototherapy device market by light source (light-emitting diodes (LEDs), quartz halogen lamps, gas discharge tubes, and fluorescent lamps (FL)), configuration (mobile device and fixed device), end use industry (hospitals, neonatal clinics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Infant Phototherapy Device Market, Infant Phototherapy Device Market Size, Infant Phototherapy Device Market Growth, Infant Phototherapy Device Market Analysis, Infant Phototherapy Device Market Report, Infant Phototherapy Device Market Share, Infant Phototherapy Device Market Trends, Infant Phototherapy Device Market Forecast, Infant Phototherapy Device Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.