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Leading Element Driving Change in the Neonatal Phototherapy Market in 2025: Impact Of Rising Birth Rates On The Growth Of Market Driver
Neonatal PhototherapyMarket Size
The surge in birth rates is projected to drive the expansion of the neonatal phototherapy market in the future. Factors contributing to increasing birth rates include enhanced healthcare, increased fertility rates, cultural inclination towards large families, and heightened immigration in specific areas. Utilizing light to dissolve excess bilirubin in the blood of premature infants, neonatal phototherapy is imperative for managing jaundice. This helps in mitigating the probability of high-risk repercussions like brain damage, which is commonplace in pre-term babies due to their immature liver functionality and increased odds of developing jaundice. For example, in January 2023, the Centers for Disease Control and Prevention, a national public health organization based in the US, published a report showing a 1% rise in recorded births in the United States to 3,664,292, in comparison to the preceding year. As a result, escalating birth rates are facilitating the growth of the neonatal phototherapy market.
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What is the projected compound annual growth rate (CAGR) of the neonatal phototherapy market from 2025 to 2034, and what factors influence it?
The market size for neonatal phototherapy has seen significant growth in recent years, expanding from $1.06 billion in 2024 to an estimate of $1.13 billion in 2025. This represents a compound annual growth rate (CAGR) of 6.4%. This growth during the historic period can be credited to enhancements in healthcare infrastructure, government-initiated health programs, educational and training initiatives, assistance from non-profit organizations, and contributions from clinical research and studies.
The market size for neonatal phototherapy is projected to witness robust expansion in the coming years. The market is set to reach $1.43 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.2%. The projected growth during the forecasted period can be accredited to factors like increasing healthcare accessibility, governmental health guidelines, developing economies' economic progression, improved training agendas, and public health campaigns. Noteworthy trends for the upcoming period encompass movable phototherapy gadgets, phototherapy utilizing light-emitting diodes (LEDs), miniature devices, integration of artificial intelligence (AI) in phototherapy, and incorporation of blue and green light technologies.
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How are the latest trends influencing the growth of the neonatal phototherapy market?
In an attempt to enhance postnatal care for newborns, leading firms in the neonatal phototherapy market are directing their efforts towards the invention of advanced solutions such as innovative open warmers. These advanced open warmers (AOW) are often employed in neonatal care and pediatric circles to preserve the stable temperature of infants and newborns, especially those that are prematurely born or of low-birth-weight. Take for example Draeger India Pvt. Ltd, a company based in India that specializes in medical and safety technology, introduced the BabyRoo TN300 in October 2024. This device is designed to provide flexibility in labor and delivery rooms and neonatal intensive care units. Mostly, the device's objective is to deliver top-quality care for newborns, particularly those that require intensive post-birth supervision. Additionally, the BabyRoo TN300 has features like dual heat sources for steady temperature sustenance, skin temperature regulation for customized warming, a swift prewarm function for readiness, incorporated thermo-monitoring to spot thermal stress, lung-protective respiratory support through an AutoBreath module, and a family-centered care design that encourages parents to participate actively in baby care.
What are the major segments of the neonatal phototherapy market and their role in driving growth?
The neonatal phototherapy market covered in this report is segmented -
1) By Type: Convectional Phototherapy Equipment, LED Phototherapy Equipment, Fiber Optic Phototherapy Equipment
2) By Product Type: Traditional Phototherapy Lamps, Phototherapy Beds, Flexible Phototherapy Lamps
3) By Application: Skin Diseases Treatment, Neonatal Jaundice Management
Subsegments:
1) By Conventional Phototherapy Equipment: Fluorescent Tube Phototherapy Units, Incandescent Lamp Phototherapy Units
2) By LED Phototherapy Equipment: Blue LED Phototherapy Units, White LED Phototherapy Units
3) By Fiber Optic Phototherapy Equipment: Overhead Fiber Optic Phototherapy Units, Blanket Or Pad-Type Fiber Optic Phototherapy Units
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Which regions are key players in the growth of the neonatal phototherapy market?
North America was the largest region in the neonatal phototherapy market in 2024. The regions covered in the neonatal phototherapy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the neonatal phototherapy market?
Major companies operating in the neonatal phototherapy market are Siemens Healthcare GmbH, Koninklijke Philips N.V., GE HealthCare Technologies Inc., Drägerwerk Aktiengesellschaft & Co. Kommanditgesellschaft auf Aktien, Medela AG, Heal Force Bio-Meditech Holdings Limited, Advanced Instrumentations Inc., Natus Medical Incorporated, Ningbo David Medical Device Co Ltd, BPL Medical Technologies Pvt Ltd, Zhengzhou Dison Instrument and Meter Co Ltd., NeoLight LLC, Okuman Medikal Sistemler Anonim Sirketi, Atom Medical Corporation, BabyBloom Healthcare B.V., Bistos Co Ltd., Elektro-Mag Medical Systems Inc., GINEVRI srl, Ibis Medical Equipment and Systems Pvt. Ltd., Weyer GmbH
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What Is Covered In The Neonatal Phototherapy Global Market Report?
•Market Size Forecast: Examine the neonatal phototherapy market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the neonatal phototherapy market for a structured understanding.
•Key Players Overview: Analyze major players in the neonatal phototherapy market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the neonatal phototherapy market.
•Segment Contributions: Evaluate how different segments drive overall growth in the neonatal phototherapy market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the neonatal phototherapy market.
•Industry Challenges: Identify potential risks and obstacles affecting the neonatal phototherapy market.
•Competitive Landscape: Review strategic developments in the neonatal phototherapy market, including expansions, agreements, and new product launches.
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