Dublin, January. 23, 2023 (GLOBE NEWSWIRE) — The “Infant Phototherapy Market, Global Forecast 2023-2027, Industry Trends, Growth, Inflation Impact, Opportunity Company Analysis” report has been added to researchandmarkets.com offering.
The global market for infant phototherapy devices will reach $117.80 million by 2027 by expanding at a CAGR of 4.44 from 2022 to 2027, according to the publisher. Phototherapy is one of the most essential and simple methods to treat babies with neonatal jaundice. With phototherapy, that is, the use of light, the bilirubin level in a baby can be reduced, leading to jaundice. In the treatment, light waves are absorbed by the baby’s skin and blood, achieving bilirubin failure.
According to estimates from the National Collaborating Center for Women’s and Children’s Health (UK), jaundice is one of the most common conditions requiring medical attention in newborns. About 60% of full-term babies and more than 80% of premature babies develop jaundice in the first week of life, and about 10% of breastfed babies are still jaundiced at one month of age.
Infant phototherapy devices are clinically proven and technologically advanced instruments that help treat neonatal jaundice. They also help cure hyperbilirubinemia by irradiating the baby with light which oxidizes the bilirubin in the blood. As they are convenient and low cost, save time, their application is increasing in hospitals and nursing homes around the world. According to our research report, the global infant phototherapy market was US$94.82 million in 2022.
According to the World Health Organization (WHO), India’s current infant mortality rate in 2022 is 27.69/1,000 deaths per live birth, a decrease of 3.74% from 2021. It is expected to increase the efficacy of phototherapy and increase the number of patients with neonatal jaundice. drive the global market for infant phototherapy devices. In addition, low facility treatment and healthcare infrastructure development is also expected to fuel significant market growth. However, the side effect of phototherapy treatment and alternative modes of treatment such as IVIG treatment and exchange transfusion are expected to limit the growth of the global infant phototherapy industry.
Fluorescent lamps dominate the market
By type, the global infant phototherapy market has been categorized into; Fluorescent Lamps (FL), Light Emitting Diodes (Led), Quartz Halogen Lamps and Gas Discharge Tubes. Fluorescent lamps will dominate the market with a high CAGR over the next period due to increasing healthcare spending by private insurers and the government, as well as rapid technological advances.
The mobile device has the largest market
Based on the configuration, the global children’s photography market is segmented into two types, mobile devices and fixed devices. The mobile device will have the largest market share due to total serum belibido (TSB) values, revealing an inexpensive technology that uses basic smartphones to effectively screen newborn jaundice.
Hospitals are gaining more market share
The market is differentiated into two types: Hospital and Neonatal Clinics. Hospitals will dominate the world due to the increased demand for phototherapy devices. The main factors driving the expansion of hospitals are the increasing propensity of patients to seek treatment at hospitals and the high volume of surgeries performed.
North America is one of the most important regions
Based on the region, the global market for infant phototherapy devices has been segmented into Europe, North America, Asia-Pacific, and the Rest of the World. North America dominates market revenue due to the increase in the number of jaundice diagnoses and treatments, high R&D infrastructure facilities, rising consumer awareness, advanced healthcare infrastructure, presence of key players, increased awareness of phototherapy devices among the population, and technological advances. in the region boosting the market effectively.
Europe also has a significant share of the global infant phototherapy market, attributed to the highest rate of jaundice treatment and diagnosis, product availability, and highly developed healthcare. Asia Pacific is also gaining more market share in the coming years due to recent development in countries like India and China.
Key Players Perspective
The major players in the global infant phototherapy market are Atom Medical Corporation, Natus Medical Incorporated, Ningbo David Medical Device Co., Ltd, Koninklijke Philips NV, Becton, Dickson and Company, Inspiration Healthcare Group Plc., Nihon Kohden, and Dragerwerk AG & Co.KGaA.
In 2022, The Atom Medical Corporation’s Atom Phototherapy Analyzer II instrument, which measures both useful irradiance for phototherapy and luminance in the NICU, provides effective treatment for neonatal jaundice.
By Type: The global infant phototherapy market is divided into four parts:
1. Fluorescent lamps (FL)
2. Light-emitting diodes (LEDs)
3. Quartz halogen lamps
4. Gas discharge tubes
By configuration: The global market for children’s photography is divided into two types:
2. Fixed devices
By end users: The global market for children’s photography is divided into two types:
2. Neonatal Clinics
Region: The Global Children’s Photography Market is divided into four types:
1. North America
4.Rest of the world
Key topics covered:
2. Research and Methodology
3. Executive summary
4. Market dynamics
5. Global market for infant phototherapy devices
6. Market Share: Global Infant Phototherapy Device Market
7. Type: Global market for infant phototherapy devices
8. Setting: Global market for infant phototherapy devices
9. End User – Global Market for Infant Phototherapy Devices
10. Region: Global Infant Phototherapy Device Market
11. Key players
- medical atom
- Natus Medical
- Ningbo David Medical Device
- Koninklijke Philips
- Becton, Dickson
- Inspiration Healthcare Group
- nihon kohden
For more information on this report, visit https://www.researchandmarkets.com/r/1pmrk7
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