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Infant Phototherapy Market, Global Forecast 2023-2027, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis

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    Report

  • 115 Pages
  • January 2023
  • Region: Global
  • Renub Research
  • ID: 5715831

Worldwide Infant Phototherapy Market was US$ 94.82 Million in 2022

Global Infant Phototherapy Device Market will reach USD 117.80 Million in 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 easy methods to treat neonatal jaundice infants. With phototherapy, i.e., the use of light, the bilirubin level in an infant can be reduced, which leads to jaundice. In the treatment, light waves are absorbed by the skin and blood of the infant, succeeding in the failure of bilirubin.

According to the (UK) National Collaborating Centre for Women's and Children's Health estimates, Jaundice is one of the most common conditions requiring medical attention in newborn babies. Approximately 60% of term and more than 80% of preterm 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 assist in treating neonatal jaundice. They also help cure hyperbilirubinemia by irradiating the infant with light that oxidizes the bilirubin in the blood. As they are convenient and low-cost, time-saving, their application is increasing in hospitals and nursing homes across the global. According to our research report, the Worldwide Infant Phototherapy Market was US$ 94.82 Million in 2022.

According to World Health Organization (WHO), India's current infant mortality rate in 2022 is 27.69/1000 deaths per live birth, a 3.74% decline from 2021. Increases in the effectiveness of phototherapy rise in the number of patients with neonatal jaundice are expected to drive the Global Infant Phototherapy Device Market. Furthermore, low-ease treatment and the development of healthcare infrastructure are also expected to propel significant market growth. However, the side effect of phototherapy treatment and alternate modes of treatment, such as IVIG treatment & exchange transfusion, are expected to restrain 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. The Fluorescent Lamps will dominate the market at a high CAGR during the upcoming period due to the rising healthcare expenses from private insurers and the government as well as rapid technological developments.

Mobile device holds the largest market

Depending upon Configuration, the Global Infant Photography Market is segmented into two types Mobile Devices and Fixed Devices. The mobile device will hold the largest market share due to total serum belibirum (TSB) values, which reveals an inexpensive technology that uses commodity smartphones to effectively screen newborns for jaundice.

Hospitals are gaining more market share

The market is differentiated into two types Hospital and Neonatal Clinics. Hospitals will dominate the worldwide due to increased demand for phototherapy devices. The primary factors driving the expansion of hospitals are patients' rising propensity to seek treatment in hospitals and the high volume of surgeries performed.

North America is one of the most significant Regions

Based on Region, the Global Infant Phototherapy Devices Market has been segmented into Europe, North America, Asia-Pacific, and Rest of World. North America dominates the market revenue due to rise in numbers of diagnosis and treatment of jaundice, High R&D infrastructure facilities, increasing consumer awareness, advanced health care infrastructure, presence of key players, heightened awareness towards phototherapy devices are among the population, and technological advancements in the region driving the market effectively.

Europe also holds the significant share in the global infant phototherapy market, attributed to the increased rate of treatment and diagnosis of jaundice, availability of products, and highly developed health care. Asia Pacific is also gaining more market share in upcoming years due to recent development in countries like India, and China.

Key Players Insight

Key players in Global Infant Phototherapy Market are Atom Medical Corporation, Natus Medical Incorporated, Ningbo David Medical Device Co., Ltd, Koninklijke Philips N.V, Becton, Dickson and Company, Inspiration Healthcare Group Plc., Nihon Kohden and Drägerwerk AG & Co. KGaA.

In 2022, The Atom Medical Corporation product name Atom Phototherapy Analyzer II instrument measuring both the irradiance useful for phototherapy and the luminance in the NICU provides effective treatment for neonatal jaundice.

In Nov 2020, Natus Medical Incorporation announced the acquisition of BabybeGmbh on Innovative Newborn Care Technology.

The report titled 'Global Infant Phototherapy Device Market Forecast By Type (Fluorescent Lamps (FL), Light Emitting Diodes(Led), Quartz Halogen Lamps, and Gas Discharge Tubes), Configuration (Mobile devices& Fixed Devices) End Users (Hospital, Neonatal Clinics), Region(North America, Europe, Asia-Pacific, and Row) (Koninklijke Philips NV, Siemens AG, Hologic, Inc., Canon Medical Systems Corporation, Samsung Electronics Co.Ltd, and Canon Medical Systems Corporation)' provides a complete analysis of Global Infant Phototherapy Devices Market.

By Type: The Global Infant Phototherapy Market is break-up into four parts:

1. Fluorescent Lamps (FL)
2. Light Emitting Diodes (Led)
3. Quartz Halogen Lamps
4. Gas Discharge Tubes

By Configuration: The Global Infant Photography Market is break-up into two types:

1. Mobile Devices
2. Fixed Devices

By End Users: The Global Infant Photography Market is break-up into two types:

1. Hospital and
2. Neonatal Clinics

Region: The Global Infant Photography Market is break-up into four types:

1. North America
2. Europe
3. Asia-Pacific
4. Rest of World

All the 8 Companies Studied in the Report have been Studied from 3 Points

  • Company Overview
  • Recent Developments
  • Financial Insight

Company Analysis

1. ATOM MEDICAL CORPORATION
2. NATUSMEDICAL INCORPORATED
3. Ningbo David Medical Device Co., Ltd
4. Koninklijke Philips N.V
5. Becton, Dickson, and Company
6. Inspiration Healthcare Group Plc.
7. Nihon Kohden
8. Drägerwerk AG & Co. KGaA.
Frequently Asked Questions about the Infant Phototherapy Market

What is the estimated value of the Infant Phototherapy Market?

The Infant Phototherapy Market was estimated to be valued at $94.82 Million in 2022.

What is the growth rate of the Infant Phototherapy Market?

The growth rate of the Infant Phototherapy Market is 4.4%, with an estimated value of $117.8 Million by 2027.

What is the forecasted size of the Infant Phototherapy Market?

The Infant Phototherapy Market is estimated to be worth $117.8 Million by 2027.

Who are the key companies in the Infant Phototherapy Market?

Key companies in the Infant Phototherapy Market include ATOM MEDICAL CORPORATION, NATUSMEDICAL INCORPORATED, Ningbo David Medical Device Co., Ltd, Koninklijke Philips N.V, Becton, Dickson, and Company, Inspiration Healthcare Group Plc., Nihon Kohden and KGaA..

Table of Contents

1. Introduction

2. Research & Methodology

3. Executive Summary

4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges

5. Global Infant Phototherapy Device Market

6. Market Share - Global Infant Phototherapy Device Market
6.1 By Type
6.2 By Configuration
6.3 By End User
6.4 By Region

7. Type - Global Infant Phototherapy Device Market
7.1 Fluorescent Lamps (fi)
7.2 Light Emitting Diodes (Leds)
7.3 Quartz Halogen Lamps
7.4 Gas Discharge Tubes

8. Configuration - Global Infant Phototherapy Device Market
8.1 Mobile Device
8.2 Fixed Device

9. End User - Global Infant Phototherapy Device Market
9.1 Hospital
9.2 Neonatal Clinics

10. Region - Global Infant Phototherapy Device Market
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Rest of World

11. Key Players
11.1 ATOM MEDICAL CORPORATION
11.1.1 Overview
11.1.2 Recent Development
11.1.3 Revenue
11.2 NATUS MEDICAL INCORPORATED
11.2.1 Overview
11.2.2 Recent Development
11.2.3 Revenue
11.3 Ningbo David Medical Device Co., Ltd
11.3.1 Overview
11.3.2 Recent Development
11.3.3 Revenue
11.4 Koninklijke Philips N.V
11.4.1 Overview
11.4.2 Recent Development
11.4.3 Revenue
11.5 Becton, Dickson and Company
11.5.1 Overview
11.5.2 Recent Development
11.5.3 Revenue
11.6 Inapiration Healthcare Group Plc
11.6.1 Overview
11.6.2 Recent Development
11.6.3 Revenue
11.7 Nihon Kohden
11.7.1 Overview
11.7.2 Recent Development
11.7.3 Revenue
11.8 Drägerwerk AG & Co. KGaA
11.8.1 Overview
11.8.2 Recent Development
11.8.3 Revenue

List of Figures:
Figure 01: Global - Infant Phototherapy Device Market (Million US$), 2017 - 2022
Figure 02: Global - Forecast for Infant Phototherapy Device Market (Million US$), 2023 - 2027
Figure 03: Type - Fluorescent Lamps Market (Million US$), 2017 - 2022
Figure 04: Type - Forecast for Fluorescent Lamps Market (Million US$), 2023 - 2027
Figure 05: Type - Light Emitting Diodes Market (Million US$), 2017 - 2022
Figure 06: Type - Forecast for Light Emitting Diodes Market (Million US$), 2023 - 2027
Figure 07: Type - Quartz Halogen Lamps Market (Million US$), 2017 - 2022
Figure 08: Type - Forecast for Quartz Halogen Lamps Market (Million US$), 2023 - 2027
Figure 09: Type - Gas Discharge Tubes Market (Million US$), 2017 - 2022
Figure 10: Type - Forecast for Gas Discharge Tubes Market (Million US$), 2023 - 2027
Figure 11: Configuration - Mobile Device Market (Million US$), 2017 - 2022
Figure 12: Configuration - Forecast for Mobile Device Market (Million US$), 2023 - 2027
Figure 13: Configuration - Fixed Device Market (Million US$), 2017 - 2022
Figure 14: Configuration - Forecast for Fixed Device Market (Million US$), 2023 - 2027
Figure 15: End User - Hospital Market (Million US$), 2017 - 2022
Figure 16: End User - Forecast for Hospital Market (Million US$), 2023 - 2027
Figure 17: End User - Neonatal Clinics Market (Million US$), 2017 - 2022
Figure 18: End User - Forecast for Neonatal Clinics Market (Million US$), 2023 - 2027
Figure 19: North America - Infant Phototherapy Device Market (Million US$), 2017 - 2022
Figure 20: North America - Forecast for Infant Phototherapy Device Market (Million US$), 2023 - 2027
Figure 21: Europe - Infant Phototherapy Device Market (Million US$), 2017 - 2022
Figure 22: Europe - Forecast for Infant Phototherapy Device Market (Million US$), 2023 - 2027
Figure 23: Asia-Pacific - Infant Phototherapy Device Market (Million US$), 2017 - 2022
Figure 24: Asia-Pacific - Forecast for Infant Phototherapy Device Market (Million US$), 2023 - 2027
Figure 25: Rest of World - Infant Phototherapy Device Market (Million US$), 2017 - 2022
Figure 26: Rest of World - Forecast for Infant Phototherapy Device Market (Million US$), 2023 - 2027
Figure 27: ATOM MEDICAL CORPORATION - Global Revenue (Million US$), 2017 - 2022
Figure 28: ATOM MEDICAL CORPORATION - Forecast for Global Revenue (Million US$), 2023 - 2027
Figure 29: NATUS MEDICAL INCORPORATED - Global Revenue (Million US$), 2017 - 2022
Figure 30: NATUS MEDICAL INCORPORATED - Forecast for Global Revenue (Million US$), 2023 - 2027
Figure 31: Ningbo David Medical Device Co., Ltd - Global Revenue (Million US$), 2017 - 2022
Figure 32: Ningbo David Medical Device Co., Ltd - Forecast for Global Revenue (Million US$), 2023 - 2027
Figure 33: Koninklijke Philips N.V - Global Revenue (Billion US$), 2017 - 2022
Figure 34: Koninklijke Philips N.V - Forecast for Global Revenue (Billion US$), 2023 - 2027
Figure 35: Becton, Dickson and Company - Global Revenue (Billion US$), 2017 - 2022
Figure 36: Becton, Dickson and Company - Forecast for Global Revenue (Billion US$), 2023 - 2027
Figure 37: Inapiration Healthcare Group Plc - Global Revenue (Million US$), 2017 - 2022
Figure 38: Inapiration Healthcare Group Plc - Forecast for Global Revenue (Million US$), 2023 - 2027
Figure 39: Nihon Kohden - Global Revenue (Million US$), 2017 - 2022
Figure 40: Nihon Kohden - Forecast for Global Revenue (Million US$), 2023 - 2027
Figure 41: Drägerwerk AG & Co. KGaA - Global Revenue (Million US$), 2017 - 2022
Figure 42: Drägerwerk AG & Co. KGaA - Forecast for Global Revenue (Million US$), 2023 - 2027

List of Tables:
Table 01: Global - Infant Phototherapy Device Market Share by Type (Percent), 2017 - 2022
Table 02: Global - Forecast for Infant Phototherapy Device Market Share by Type (Percent), 2023 - 2027
Table 03: Global - Infant Phototherapy Device Market Share by Configuration (Percent), 2017 - 2022
Table 04: Global - Forecast for Infant Phototherapy Device Market Share by Configuration (Percent), 2023 - 2027
Table 05: Global - Infant Phototherapy Device Market Share by End User (Percent), 2017 - 2022
Table 06: Global - Forecast for Infant Phototherapy Device Market Share by End User (Percent), 2023 - 2027
Table 07: Global - Infant Phototherapy Device Market Share by Region (Percent), 2017 - 2022
Table 08: Global - Forecast for Infant Phototherapy Device Market Share by Region (Percent), 2023 - 2027

Companies Mentioned

  • ATOM MEDICAL CORPORATION
  • NATUSMEDICAL INCORPORATED
  • Ningbo David Medical Device Co., Ltd
  • Koninklijke Philips N.V
  • Becton, Dickson, and Company
  • Inspiration Healthcare Group Plc.
  • Nihon Kohden
  • Drägerwerk AG & Co- KGaA.

Methodology

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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