Infant Phototherapy Device Market - Business Revenue And Statistics, Growth Prospective Forecast to 2028

Jaundice is among the common disorders in full term and premature babies and appears frequently in the first week of birth. Jaundice is caused due to the increased levels of bilirubin in the blood, where treating of the compound is slow as the infant's liver is immature in the first week of birth. Phototherapy is a common method of treatment in infants affected with jaundice. The treatment of jaundice includes a process in which light waves are absorbed by the skin and blood, resulting in the breakdown of bilirubin. The breakdown products of bilirubin after phototherapy do not cause any effects on the central nervous system.

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Market Dynamics:

The infant phototherapy device market is expected to grow during the forecast period due to common presence of jaundice in neonates, low cost and ease of the treatment and technological advancements in the field of infant phototherapy. However, alternate modes of treatment such as IVIG treatment & exchange transfusion and side effects of phototherapy treatment are likely to hamper the growth of the market in the forecast period.

Market Segmentation:

The global infant phototherapy device market is segmented on the basis of light source, configuration and end user. On the basis of light source, the market is classified as fluorescent lamps (FL), light-emitting diodes (LEDs), quartz halogen lamps, and gas discharge tubes. Based on configuration, the market is classified as mobile device and fixed device. On the basis of end user, the market is classified as hospitals and neonatal clinics.

Top companies competing in the Infant Phototherapy Device Market:

The reports cover key developments in the infant phototherapy device market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from Infant phototherapy device market are anticipated to lucrative growth opportunities in the future with the rising demand for Infant phototherapy device in the global market. Below mentioned is the list of few companies engaged in the Infant phototherapy device market.

• Atom Medical Corp.
• avihealthcare
• GENERAL ELECTRIC
• Ibis Medical
• Natus Medical Incorporated
• DAVID
• Novos
• Weyer GmbH
• Zhengzhou Dison Instrument And Meter Co., Ltd
• Phoenix Medical Systems (P) Ltd.

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Market Regional Framework:

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global infant phototherapy device market based on various segments. It also provides market size and forecast estimates from year 2023 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The infant phototherapy device market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting infant phototherapy device market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the infant phototherapy device market in these regions.

The scope of the Report:

The report segments the global Infant Phototherapy Device Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the global Infant Phototherapy Device Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.

Reasons for buy this Report:

• Highlights key business priorities to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the Infant Phototherapy Device market, thereby allowing players to develop effective long term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest to components, type, and end-users.

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This release was published on openPR.