Infant Phototherapy Device Market Size (USD 132.1 million, Globally, by 2030) Pioneering Growth to Fulfill Healthcare Requirements

Allied Market Research published a report, titled, “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″. According to the report, the global infant phototherapy devices industry generated USD 91.9 million in 2020 and is anticipated to generate USD 132.1 million by 2030, witnessing a CAGR of 3.7% from 2021 to 2030.

The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.

Covid-19 Scenario

• The outbreak of the COVID-19 pandemic has had a negative impact on the growth of the global infant phototherapy devices market.
• Decline in number birth rate and reduction in the number of visits of a baby suffering from jaundice decreased the demand for infant phototherapy devices, thereby hampered the market growth.

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𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐭𝐡𝐞 𝐟𝐚𝐜𝐭𝐨𝐫𝐬 𝐝𝐫𝐢𝐯𝐢𝐧𝐠 𝐭𝐡𝐞 Infant Phototherapy Device Market?

Rise in prevalence of neonatal jaundice and effectiveness of phototherapy over other treatment methods drive the growth of the global infant phototherapy devices market. However, side effects of phototherapy treatment hinder the market growth. On the other hand, huge market potential in developing countries presents new opportunities in the coming years.

𝐓𝐨𝐩 Infant Phototherapy Device 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬

• 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 Device 𝐌𝐚𝐫𝐤𝐞𝐭 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐜𝐚𝐧 𝐛𝐞 𝐝𝐨𝐧𝐞 𝐛𝐚𝐬𝐞𝐝 𝐨𝐧 𝐬𝐞𝐯𝐞𝐫𝐚𝐥 𝐟𝐚𝐜𝐭𝐨𝐫𝐬, 𝐢𝐧𝐜𝐥𝐮𝐝𝐢𝐧𝐠:

 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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