Infant Phototherapy Devices Market Poised for Rapid Growth, Expected to Reach USD 750 Million by 2031

The latest study released on the Global Infant Phototherapy Devices Market by HTF MI evaluates market size, trend, and forecast to 2031. The Infant Phototherapy Devices market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.

Key Players in This Report Include: Philips Healthcare (Netherlands), GE Healthcare (United States), Natus Medical Incorporated (United States), Drägerwerk AG (Germany), Olympus Corporation (Japan), Atom Medical Corporation (Japan), Becton, Dickinson and Company (BD) (United States), Medtronic (United States), Carmen Medical (South Korea), Ginevri (Italy)

According to HTF Market Intelligence, the global Infant Phototherapy Devices market is valued at USD 450 Million in 2024 and estimated to reach a revenue of USD 750 Million by 2031, with a CAGR of 8% from 2024 to 2031.

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Definition:
Infant phototherapy devices are used to treat neonatal jaundice by exposing the baby to light that helps reduce bilirubin levels. These devices are critical in neonatal care settings.

Market Trends:
Shift toward portable and LED-based devices

Market Drivers:
Increasing frequency of neonatal jaundice due to high beginning charges is significantly raising the demand for infant phototherapy devices

Market Opportunities:
Development of portable and home-primarily based phototherapy devices presents an enormous opportunity for the infant phototherapy market

Market Challenges:
High cost of superior phototherapy devices poses a considerable barrier to extensive adoption, especially in low-useful resource settings

Fastest-Growing Region:
Asia-Pacific

Dominating Region:
North America

Market Leaders & Development Strategies:
On 29th June 2021, Motif Medical launched the BiliTouch Phototherapy Blanket, an affordable, ultraportable device for treating neonatal jaundice. Priced at $2,999, it's 30% cheaper than other options. The lightweight, battery-powered blanket allows for use in hospitals and homes, promoting parent-infant bonding while reducing high bilirubin levels effectively. Infant phototherapy devices are regulated by government agencies to ensure safety and effectiveness. In the U.S., the FDA requires premarket clearance. The EU mandates CE marking under the Medical Device Regulation. Health Canada and Australia's TGA also regulate these devices, ensuring they meet stringent safety and performance standards.

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The Global Infant Phototherapy Devices Market segments and Market Data Break Down are illuminated below:
Infant Phototherapy Devices Market is Segmented by Light Source (Light-emitting diodes (LEDs), Quartz halogen lamps, Gas discharge tubes, Fluorescent lamps (FL)) by Configuration (Mobile device, Fixed device) by End User (Hospitals, Neonatal clinics) by Distribution channel (Direct Sales, Distributors, Online Sales, Retail Pharmacies) and by Geography (North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA)

Global Infant Phototherapy Devices market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

Objectives of the Report
• -To carefully analyze and forecast the size of the Infant Phototherapy Devices market by value and volume.
• -To estimate the market shares of major segments of the Infant Phototherapy Devices
• -To showcase the development of the Infant Phototherapy Devices market in different parts of the world.
• -To analyze and study micro-markets in terms of their contributions to the Infant Phototherapy Devices market, their prospects, and individual growth trends.
• -To offer precise and useful details about factors affecting the growth of the Infant Phototherapy Devices
• -To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Infant Phototherapy Devices market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.

Read Detailed Index of full Research Study: https://www.htfmarketintelligence.com/report/global-infant-phototherapy-devices-market

Major highlights from Table of Contents:
Infant Phototherapy Devices Market Study Coverages:
• It includes major manufacturers, emerging player's growth story, and major business segments of Infant Phototherapy Devices market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
• Infant Phototherapy Devices Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
• Infant Phototherapy Devices Market Production by Region Infant Phototherapy Devices Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.

Key Points Covered in Infant Phototherapy Devices Market Report:
• Infant Phototherapy Devices Overview, Definition and Classification Market drivers and barriers
• Infant Phototherapy Devices Market Competition by Manufacturers
• Impact Analysis of COVID-19 on Infant Phototherapy Devices Market
• Infant Phototherapy Devices Capacity, Production, Revenue (Value) by Region (2024-2031)
• Infant Phototherapy Devices Supply (Production), Consumption, Export, Import by Region (2024-2031)
• Infant Phototherapy Devices Production, Revenue (Value), Price Trend by Type {Light-emitting diodes (LEDs), Quartz halogen lamps, Gas discharge tubes, Fluorescent lamps (FL)}
• Infant Phototherapy Devices Manufacturers Profiles/Analysis Infant Phototherapy Devices Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
• Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.

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Key questions answered
• How feasible is Infant Phototherapy Devices market for long-term investment?
• What are influencing factors driving the demand for Infant Phototherapy Devices near future?
• What is the impact analysis of various factors in the Global Infant Phototherapy Devices market growth?
• What are the recent trends in the regional market and how successful they are?

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.

Nidhi Bhawsar (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +15075562445
sales@htfmarketreport.com

About Author:
HTF Market Intelligence Consulting is uniquely positioned to empower and inspire with research and consulting services to enable businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events, and experience that assist in decision-making.

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