Infant Phototherapy Device Market Global Outlook 2021-2030
Posted by Vedika on April 17th, 2021
The Global Infant Phototherapy Device Market held USD 76.18 million in 2019 and is predicted to reach USD 134.45 million by 2030 with a CAGR of 5.3% from 2020-2030.
Phototherapy devices are used in the cure of neonatal jaundice that is commonly seen in newborn babies. With phototherapy, the bilirubin level in the infant can be reduced and this leads to jaundice. Jaundice is one of the most serious diseases arising among infants and may lead to serious harm if not treated properly. Phototherapy is commonly used in minimizing bilirubin levels in newborns. The newborns are lied in a plastic crib by exposing them to a type of light that is further absorbed by the newborn's body. In this process, neonate’s body gets converted into a much simpler water-soluble form which is easily excreted through stool and urine.
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Top Companies: 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.
The infant phototherapy device market is segmented on the basis of light source, configuration, end user, and geography. On the basis of light source, the market is segmented into fluorescent lamps, light-emitting diodes (LEDs), quartz halogen lamps, and gas discharge tubes. The configuration segment is further divided mobile device and a fixed device. On the basis of the end user, the market covers hospitals and neonatal clinics. Geographic breakdown and analysis of each of the aforesaid segments include regions comprising North America, Europe, Asia-Pacific, and ROW.
North America denotes a higher adoption of the infant phototherapy device and is anticipated to hold the highest infant phototherapy device market share during the forecast period. This is attributable to the factors including highly developed medical device industry, the presence of major players, high consumer awareness, and technological advancements. It is expected that the emerging economies, specifically in the Asia-Pacific region would witness increasing market size owing to increase in awareness initiatives launched by healthcare organizations and improvement of healthcare infrastructure.
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About the AuthorVedika
Joined: November 28th, 2020
Articles Posted: 128
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