openPR Logo
Press release

Neonatal Phototherapy Devices Market to Grow at a CAGR of 5.3% through 2027

07-30-2018 09:18 AM CET | Health & Medicine

Press release from: Future Market Insights

Neonatal Phototherapy Devices Market to Grow at a CAGR of 5.3%

Neonatal jaundice is a major concern amongst new-borns and is a common cause of morbidity in the crucial first few months of life. Approx. 80% of preterm new-borns can suffer from neonatal jaundice making its effective treatment a critical health issue. Future Market Insights has conducted an exhaustive study on the neonatal phototherapy devices market in its upcoming report titled ‘Neonatal Phototherapy Devices Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027’. The neonatal phototherapy devices market is anticipated to witness a CAGR of 5.3% for the period 2017-2027 and grow to more than US$ 140 million by then.

Product Type – Traditional Phototherapy Commonly Preferred by Hospitals

Traditional phototherapy devices are the most commonly used product type in the neonatal phototherapy devices market on account of their relative affordability – especially relevant in emerging economies. Traditional phototherapy devices have an improved lifespan and can easily be attached to an incubator. The National Institute of Health found that almost 15 million babies are born premature around the world with significantly increasing figures over the past few decades. This is the surest sign that the need for foetal, neonatal, and prenatal care equipment will skyrocket in the future, benefiting the neonatal phototherapy devices market.

A sample of this report is available upon request @ https://www.futuremarketinsights.com/reports/sample/rep-gb-5064

The development of advanced technologies in North America and Western Europe should propel the neonatal phototherapy devices market with a strong demand for products such as LED phototherapy units. Traditional phototherapy devices are primarily used by hospitals as they are easy to install, simple to use, and durable. Furthermore, the height of the phototherapy lamp can be easily adjusted. A number of non-profit organisations and large players in the neonatal phototherapy devices market are collaborating on the development of cost-effective phototherapy units that can treat neonatal jaundice at the minimal cost in emerging economies.

Product Type – Phototherapy Beds Better Suited to Home Care Settings

The phototherapy bed market is predicted to record a CAGR of 5.6% over the forecast period. Phototherapy beds are lightweight and portable and help maintain the vital bond between mothers and their babies. Phototherapy beds are efficient, low-cost, simple to use, and perfect in either home care or nursery ward settings.

Product Type – Flexible Phototherapy Devices Offer the Best of Both Worlds

Flexible phototherapy devices, as their name suggests, mould their shape according to that of the baby and are available in a range of sizes in the neonatal phototherapy devices market. Flexible phototherapy devices offer an extremely soothing healing environment for a new-born baby without hampering the benefits of Kangaroo Care (Mother – child bonding). The flexible phototherapy lamps market is projected to cross a value of US$ 11 million in 2017 alone.

Region – APAC to Grab Maximum Attention in the Neonatal Phototherapy Devices Market

Emerging markets i.e. APAC, Latin America, and the MEA region account for the lion’s share of the global population and have half the neonatal phototherapy devices market to themselves. The APAC region spearheaded by China and India is making significant effort in trying to leverage the existing opportunities in the neonatal phototherapy devices market. Key stakeholders in the neonatal phototherapy devices market are focusing their energy on these regions because of the high birth rate and rising prevalence of diseases that thereby drives the APAC neonatal phototherapy devices market.

Competition Dashboard in the Neonatal Phototherapy Devices Market

The companies profiled by Future Market Insights in the neonatal phototherapy devices market report include Natus Medical Incorporated, General Electric Company, Ibis Medical Equipment and Systems, Atom Medical Corporation, Medela AG, D-Rev, Phoenix Medical Systems, Zhengzhou Dison Instrument And Meter, Fanem, Drägerwerk AG & Co., Novos Medical Systems, Weyer GmbH, BabyBloom Healthcare BV, Medical Technology Transfer and Services Asia, Koninklijke Philips N.V., and Medical Technology Transfer and Services Asia.

To view TOC of this report is available upon request @ https://www.futuremarketinsights.com/askus/rep-gb-5064

Important Insights on the Neonatal Phototherapy Devices Market

Governments in several countries have begun programs that provide more facilities for new-born and childcare along with promotions through conferences and exhibitions. For e.g. – In African nations, communities have initiated programmes that have new-born health and safety as their primary objective.

About Us
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

Contact Us
U.S. Office
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Web:https://www.futuremarketinsights.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Neonatal Phototherapy Devices Market to Grow at a CAGR of 5.3% through 2027 here

News-ID: 1151712 • Views: 115

More Releases from Future Market Insights

How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring

All 5 Releases


More Releases for Phototherapy

Neonatal Phototherapy Devices Market Report 2018: Segmentation by Product (Tradi …
Global Neonatal Phototherapy Devices market research report provides company profile for Medela AG, D-Rev, Phoenix Medical Systems Pvt Ltd, Zhengzhou Dison Instrument And Meter Co., Ltd, Fanem Ltda., Natus Medical Incorporated, General Electric Company, Ibis Medical Equipment and System Pvt. Ltd, Atom Medical Corporation and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018
Neonatal Phototherapy Devices Market -Performance Hypothesis 2025
Global Neonatal Phototherapy Devices Market: Snapshot The global neonatal phototherapy devices market has tread along a healthy growth path in the recent years and continue to expand at a promising pace. The market has massively expanded in the face of the rising prevalence of neonatal jaundice across the globe. Rise in government plans, regulations, and interventions aimed at arresting these numbers and establishing advanced healthcare infrastructure across a number of regional
United States Phototherapy Treatment Market Report 2017
Pune, India, 19 July 2017: WiseGuyReports announced addition of new report, titled “United States Phototherapy Treatment Market Report 2017”. In this report, the United States Phototherapy Treatment market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report splits the United States market into seven regions: The West
Global Phototherapy Treatment Market Research Report 2017
Market Research Hub (MRH) has recently publicized a new study to its vast repository, which is titled as “Global Phototherapy Treatment Market Research Report 2017”. Request For Sample Report@ http://www.marketresearchhub.com/enquiry.php?type=S&repid=1220138 In this report, the global Phototherapy Treatment market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report is
Infant Phototherapy Lamp Market - Growth, Trends 2024
Jaundice is one of the common conditions in full term and premature babies and appears usually in the first week of birth. Jaundice is caused due to the increased levels of bilirubin in the blood, where processing of the compound is slow as the infant’s liver is immature in the first week of birth. Jaundice in infants can be classified into physiological jaundice, breast-feeding jaundice, breast milk jaundice, and jaundice
Phototherapy Equipment Market: Market and Growth Analysis
Global Phototherapy Equipment Market: Overview The report on the phototherapy equipment market analyzes the current and future scenario of the global market. Increase in prevalence of neonatal jaundice and skin diseases such as psoriasis, eczema, vitiligo and other diseases, advent of new technology for development of low cost equipment, and increase in preference for noninvasive treatment by patients and physicians, are the major drivers of the global phototherapy equipment market. The