Global Infant Phototherapy Device Market Size By Light Source(Light-emitting diodes (LEDs), Quartz halogen lamps), By Configuration(Mobile device and Fixed devices), By End User(Hospitals and Neonatal clinics), By Geographic Scope And Forecast
Published on: 2024-08-03 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Infant Phototherapy Device Market Size By Light Source(Light-emitting diodes (LEDs), Quartz halogen lamps), By Configuration(Mobile device and Fixed devices), By End User(Hospitals and Neonatal clinics), By Geographic Scope And Forecast
Infant Phototherapy Device Market Size And Forecast
Infant Phototherapy Device Market size was valued at USD 102.73 Million in 2023 and is projected to reach USD 133.66 Million by 2030, growing at a CAGR of 3.69% during the forecast period 2024-2030.
Technological advancements in the field of infant phototherapy fuel the growth of the market. Increase in the number of newborns, the rising prevalence of neonatal jaundice, and the effectiveness of phototherapy treatment over other treatment methods are all factors driving the growth of the market. The Global Infant Phototherapy Device Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Infant Phototherapy Device Market Drivers
The market drivers for the Infant Phototherapy Device Market can be influenced by various factors. These may include
- High Prevalence of Neonatal Jaundice Throughout the world, a sizable fraction of newborns suffer from the common ailment known as neonatal jaundice. The need for phototherapy equipment as the main therapeutic approach to lower serum bilirubin levels and avoid consequences from severe jaundice is driven by the frequency of newborn jaundice.
- Developments in Phototherapy Technology The effectiveness, security, and practicality of phototherapy for infants are enhanced by continuous developments in phototherapy technology, encompassing light sources, irradiance monitoring, and device design. The industry is growing as a result of innovations including fiber-optic blankets, portable electronics, and light-emitting diode (LED) phototherapy.
- Growing Preterm Birth Rates The need for newborn phototherapy devices is influenced by the growing preterm birth rate, which is frequently linked to an increased risk of jaundice and hyperbilirubinemia. To avoid neurodevelopmental problems like kernicterus, jaundice in preterm newborns needs to be closely monitored and treated.
- Expanding Education Campaigns Awareness Initiatives, and newborn Screening ProgrammesThese efforts work to increase public understanding of the significance of early identification and treatment of newborn jaundice. Demand for phototherapy equipment is driven by parents’ and healthcare providers’ recognition of the importance of prompt phototherapy intervention.
- Growth of Neonatal Care Facilities Opportunities for the adoption of newborn phototherapy devices are created by the growth of maternity hospitals, neonatal intensive care units (NICUs), and other healthcare facilities that are equipped to provide neonatal care. Growth in the market is supported by investments in newborn services and healthcare infrastructure.
- Emphasis on Non-Invasive Treatment Options When compared to invasive procedures like exchange transfusion, phototherapy is seen to be a relatively safe and non-invasive treatment option for newborn jaundice. The need for phototherapy equipment in neonatal care facilities is driven by the choice for non-invasive treatment methods.
- Regulatory Support and Guidelines Professional associations and regulatory bodies offer suggestions and guidelines for the treatment of newborn jaundice, including the application of phototherapy. Adherence to clinical guidelines and regulatory standards facilitates the use and uptake of phototherapy devices.
- Technological Convergence and Integration In NICU settings, integrating phototherapy equipment with warmers, phototherapy devices, and monitoring systems improves workflow efficiency and patient safety. The market is driven by manufacturers who provide integrated solutions that combine phototherapy with other equipment used in newborn care.
- Global Health Initiatives to Lower Infant Mortality Reducing newborn mortality and morbidity is a top priority for global health initiatives, including the Sustainable Development Goals (SDGs) and programmes focusing on maternal and child health. In line with these objectives, phototherapy is essential in lowering the prevalence of severe newborn jaundice and related problems.
- Rising Birth Rates in Emerging nations The market for newborn phototherapy devices is expected to grow as a result of rising birth rates in emerging nations and better access to healthcare services. Growing birth rates in low-resource nations increase the need for affordable phototherapy options that work in regional healthcare systems.
- When taken as a whole these factors propel innovation, investment, and the acceptance of phototherapy as the norm in neonatal medicine, which in turn propels the growth and expansion of the global infant phototherapy equipment market.
Global Infant Phototherapy Device Market Restraints
Several factors can act as restraints or challenges for the Infant Phototherapy Device Market. These may include
- High Cost of Phototherapy Devices Especially for healthcare organisations operating in resource-constrained environments, infant phototherapy devices can be costly to buy and maintain. Some establishments might be discouraged from investing in phototherapy equipment due to the high initial cost, or access to modern phototherapy technology could be restricted.
- Inadequate Healthcare Infrastructure The availability and use of newborn phototherapy devices may be restricted by inadequate healthcare infrastructure, especially in low- and middle-income nations. A stable electrical supply, skilled medical personnel, and neonatal intensive care units (NICUs) are all necessary for the successful application of phototherapy treatment.
- Obstacles in Device Maintenance and Calibration To guarantee optimum performance and safety, infant phototherapy devices need to undergo routine maintenance, calibration, and service. Due to financial limitations, a lack of spare parts availability, and inadequate technical experience, healthcare facilities may find it difficult to maintain phototherapy equipment.
- Fears of Possible Adverse Effects Although phototherapy is usually regarded as safe and successful in treating newborn jaundice, fears of possible negative effects could hinder the use of phototherapy equipment. Parents and medical professionals can be worried about phototherapy exposure’s possible long-term effects, skin irritation, and dehydration.
- Availability of Alternative Treatment Options When phototherapy is not practical or successful, additional treatments for newborn jaundice, such as intravenous immunoglobulin therapy or exchange transfusion, may be taken into consideration. In particular hospital settings, the demand for phototherapy devices may decrease if other treatment options become available.
- Limited Knowledge and Training It’s possible that medical professionals are not well-versed in the safe and effective use of phototherapy equipment for infants, including how to measure treatment response, determine the ideal light intensity, and lengthen the course of treatment. Inadequate instruction and training can result in less than ideal phototherapy use, which could negatively impact treatment results.
- Regulatory Obstacles and Compliance Challenges In international markets, producers and providers of newborn phototherapy equipment may face obstacles in the form of regulatory obstacles, certification requirements, and import limitations. Time-to-market and regulatory compliance expenses may rise as a result of adhering to various regulatory frameworks and standards.
- Risk of Infection Control To prevent infections linked to healthcare, infection control is a crucial factor in newborn care settings. In busy NICU facilities with high patient turnover, phototherapy devices may present cleaning, disinfection, and cross-contamination prevention issues.
- Geographic Variability in Disease Burden There is regional variation in the incidence rates of newborn jaundice, both in terms of prevalence and severity. The demand for newborn phototherapy equipment may vary geographically depending on the illness load, with higher demand in areas where neonatal jaundice is more common.
- Decisions for neonatal care and treatment modalities including phototherapy, may be influenced by ethical considerations as well as cultural views and preferences. Parental preferences, views on complementary therapies, and attitudes towards medical treatments are examples of cultural influences that can affect how well phototherapy devices are accepted and used.
Global Infant Phototherapy Device Market Segmentation Analysis
The Global Infant Phototherapy Device Market is segmented based on Light Source, Configuration, End User, and Geography.
Infant Phototherapy Device Market, By Light Source
- Light-emitting diodes (LEDs)
- Quartz halogen lamps
- Gas discharge tubes
- Fluorescent lamps (FL)
Based on Light Source, Infant Phototherapy Device Market is segmented into Light-emitting diodes (LEDs), Quartz halogen lamps, Gas discharge tubes, and Fluorescent lamps (FL). The fluorescent lamps segment held the major revenue contributor in 2020 and is expected to continue this trend during the forecast period. This is owing to the fluorescent lamps exhibit the most effective property of break-down of bilirubin into simple forms. However, because more people are using quartz halogen lamps, it is anticipated that the demand for these lamps would expand at the fastest rate over the forecast period.
Infant Phototherapy Device Market, By Configuration
- Mobile device
- Fixed device
Based on Configuration, the Infant Phototherapy Device Market is segmented into the Mobile device and Fixed devices. The mobile device segment dominated the market and is expected to remain dominant during the forecast period. This market is anticipated to grow rapidly due to the fact that mobile devices can accurately assess total serum bilirubin (TSB) values, demonstrating a low-cost technology that employs common smartphones to effectively screen newborns for jaundice.
Infant Phototherapy Device Market, By End User
- Hospitals
- Neonatal clinics
Based on End User, the Infant Phototherapy Device Market is segmented into Hospitals and Neonatal clinics. The hospital segment dominated the market and is expected to remain dominant during the forecast period, owing to an increase in the number of jaundice treatments performed at hospitals. In developing countries like India, the implementation of government programs to upgrade the healthcare infrastructure and the expansion of the middle class lead to an increase in demand for high-quality healthcare services provided by hospitals, supporting segment growth.
Infant Phototherapy Device Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
Based on Geography, the Infant Phototherapy Device Market is divided into North America, Europe, Asia Pacific, and the Rest of the World. North America dominated the market in 2020, accounting for the largest share, and is anticipated to maintain this trend throughout the forecast period. Due to the strong infrastructure for developmental research, abundant research funding, and the deployment of government programs to promote the market for infant phototherapy devices, research activities for these devices are exploding in North America.
Key Players
The “Global Infant Phototherapy Device Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are 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.
The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
FORECAST PERIOD | 2020-2030 |
BASE YEAR | 2023 |
STUDY PERIOD | 2024-2030 |
HISTORICAL PERIOD | 2020-2022 |
UNIT | Value (USD Million) |
KEY COMPANIES PROFILED | 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. |
SEGMENTS COVERED | By Light Source, By Configuration, By End User, and By Geography. |
CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Research Methodology of Market Research
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/Silent in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new Silent/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post sales analyst support
Customization of the Report
In case of any please connect with our sales team, who will ensure that your requirements are met.