Neonatal Phototherapy Market Analysis with Growing CAGR of 5.4% by 2029

Data Bridge Market Research analyses that the neonatal phototherapy market is expected to reach USD 1575.18 million in 2030 from USD 1034.2 million in 2022, with a CAGR of 5.4% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Data Bridge Market Research analyses that the neonatal phototherapy market is expected to reach USD 1575.18 million in 2030 from USD 1034.2 million in 2022, with a CAGR of 5.4% during the forecast period 2023 to 2030

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Market Overview
Neonatal phototherapy devices are the kind of medical devices that are used for the treatment of neonatal jaundice. Neonatal jaundice is a type of disease that occurs in maximum of the new born babies and if left untreated, it may lead to extreme hyperbilirubinemia that causes neurological damage or death. Today's different kinds of neonatal phototherapy devices are flexible, traditional, and phototherapy beds.

Some of the major players operating in the neonatal phototherapy market are:

• Novos Medical Systems (Turkey)
• tom Medical Corporation (Japan)
• Dragerwerk AG & Co. KGaA (Germany)
• Phoenix Medical Systems Pvt. Ltd (India)
• Medela AG (Switzerland)
• BabyBloom Healthcare BV (Netherlands)
• Koninklijke Philips N.V (Netherlands)
• Siemens Healthcare GmbH (U.S.)
• General Electric (U.S.)
• Analogic Corporation (U.S.)
• Hitachi, Ltd. (Japan)
• Toshiba Corporation (Japan)

Global Neonatal Phototherapy Market Scope

The neonatal phototherapy market is segmented on the basis of type, product type, and application The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications..

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