Global Infant Phototherapy Market Outlook 2028: Fiberoptic Segment Accounts for the Largest Market Share - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Infant Phototherapy Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028" report has been added to ResearchAndMarkets.com's offering.

The global infant phototherapy market is estimated to grow at a CAGR of 7.8% during the forecast period.

Increase in the Number of Infants and a Surge in Cases of Newborns Suffering from Jaundice

Factors such as an increase in the number of infants, a surge in cases of newborns suffering from jaundice, increment in treatment rate of jaundice, and development of healthcare infrastructure are driving the global infant phototherapy market. In addition to this, the presence of significant players in the market and the accessibility of products are estimated to propel the growth of the market during the forecast period. On the other hand, the market is expected to encounter challenges in terms of stringent regulatory norms and laws on intellectual property rights in the coming future. However, technological advancement and upcoming mergers and acquisitions are expected to drive the global infant phototherapy market in the coming years.

Fiberoptic Segment Accounts for the Largest Market Share

The global infant phototherapy market has been segmented into conventional phototherapy, fiberoptic phototherapy, and combination phototherapy based on the technique. The fiber-optic phototherapy segment is estimated to grow at a significant pace during the forecast years due to several benefits of the technique. Fiber-optic phototherapy is a novel phototherapy technique that consists of a pad of optic fibers through which the light is focused directly on the skin of the infant. This allows the infant to be treated near to their parents. The technique has proven to be more effective in preterm infants. The complications of conventional phototherapies, such as retinal injury and other eye complications, are overcome by using fiberoptic phototherapy devices, making it more superior.

Based on the product type, the market is segmented into phototherapy lamps, phototherapy bili blankets, and phototherapy illuminated pajamas. Based on the light source, the market is segmented into a fluorescent lamps, light-emitting diodes, quartz halogen lamps, and others.

The Presence of Significant Players and Technological Advancements to Benefit North America Market

North America is the dominating region in the global infant phototherapy market and is estimated to continue the trend during the forecast period. The growth is attributed to factors such as the highly developed healthcare and medical device industry, the presence of significant players, technological advancements, and high consumer awareness.

Players to Focus on Product Launches and Product Approvals

The global infant phototherapy market is estimated to stay fragmented during the forecast period owing to the possible new entrants. The major market players operating in the market include Atom Medical Corporation, AVI Healthcare Pvt. Ltd., Natus Medical Incorporated, Ningbo David Medical Device Co., LTD, Novos Medical Devices, General Electric Company, Ibis Medical Equipment & Systems Pvt. Ltd., Weyer GmbH, Zhengzhou Dison Instrument, Meter Co., Ltd., and others. Various market players are focusing on growth strategies such as product launches, product approvals, and others such as patents and events.

Scope of the Report

By Technique

• Conventional phototherapy
• Fiberoptic phototherapy
• Combination phototherapy

By Product Type

• Phototherapy lamps
• Phototherapy Bili blanket
• Phototherapy illuminated pajamas

By Light source

• Fluorescent lamps
• Light-emitting diode
• Quartz halogen lamps
• Other

By Region

• North America
• Europe
• Asia Pacific
• SAMEA

Company Profiles

• Atom Medical Corporation
• AVI Healthcare Pvt. Ltd.
• Natus Medical Incorporated
• Ningbo David Medical Device Co., LTD
• Novos Medical Devices
• General Electric Company
• IBIS Medical Equipment & Systems Pvt. Ltd.
• WEYER GmbH
• Zhengzhou Dison Instrument
• Meter Co. Ltd

For more information about this report visit https://www.researchandmarkets.com/r/ny3ef7

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