According to the search. Phototherapy is one of the most important and easiest ways to treat newborns for jaundice. With phototherapy, that is, the use of light, the infant’s bilirubin level can be reduced, resulting in jaundice.
NEW YORK, Jan. 18, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of report “Infant Phototherapy Market, Global Outlook 2023-2027, Industry Trends, Growth, Inflation Impact, Opportunity Company Analysis” – https://www.reportlinker.com/p06381981/?utm_source=GNW
In the treatment, the light waves are absorbed by the infant’s skin and blood, causing the bilirubin to fail.
According to estimates from the National Collaborative Center for Women and Child Health (UK), jaundice is one of the most common conditions requiring medical attention in newborns. Approximately 60% of premature babies develop jaundice in the first week of life and more than 80% of premature babies, and about 10% of breastfed babies still have jaundice at 1 month of age.
Infant phototherapy devices are clinically proven and technologically advanced devices that help treat neonatal jaundice. They also help treat hyperbilirubinemia by irradiating the infant with light that oxidizes the bilirubin in the blood. Because it is convenient, low-cost and time-saving, its application is increasing in hospitals and nursing homes all over the world. As per our research report, the worldwide Infant Phototherapy Market will reach USD 94.82 Million in 2022.
According to the World Health Organization (WHO), the current infant mortality rate in India in 2022 is 27.69 per 1,000 deaths per live birth, down 3.74% from 2021. Increases in the effectiveness of phototherapy in the number of patients with neonatal jaundice are expected to Leading the global market of phototherapy devices for infants. Moreover, the low-end treatment and healthcare infrastructure development is also expected to drive significant growth in the market. However, the side effects of phototherapy and alternative modes of treatment, such as IVIG therapy and blood transfusions, are expected to limit the growth of the global infant phototherapy industry.
Fluorescent lamps dominate the market
By type, the global infant phototherapy market has been categorized into; Fluorescent (FL) lamps, light-emitting diodes (LED), quartz halogen lamps, and gas-discharge tubes. Fluorescent lamps will dominate the market at a high CAGR over the coming period due to rising healthcare expenditures from private insurance companies and government in addition to rapid technological developments.
The mobile device occupies the largest market
Depending on the configuration, the infant photography market is segmented into two types of mobile and stationary. The mobile device will hold the largest market share due to total serum bilirubin (TSB) values, which reveal an inexpensive technology that uses commodity smartphones to effectively screen newborns for jaundice.
Hospitals are gaining more market share
The market is divided into two types of hospitals and neonatal clinics. Hospitals all over the world will be dominated by the increasing demand for light therapy devices. The main factors driving the expansion of hospitals are the increasing tendency of patients to seek treatment in hospitals and the high volume of surgeries performed.
North America is one of the most important regions
On the basis of region, the global infant phototherapy devices market has been segmented into Europe, North America, Asia Pacific, and Rest of the World. North America is dominating the market revenue due to the rise in numbers of jaundice diagnosis and treatment, R&D infrastructure facilities, increasing consumer awareness, advanced healthcare infrastructure, presence of key players, increasing awareness of phototherapy devices among the population, and technological advancement in the region is effectively driving the market.
Europe also has a significant share in the global infant phototherapy market, due to its increasing rate of treatment and diagnosis of jaundice, product availability, and highly advanced healthcare. The Asia Pacific region is also gaining more market share in the coming years due to recent developments in countries like India and China.
Insights of the key players
The major players in the global infant phototherapy market are Atom Medical Corporation, Natus Medical Incorporated, Ningbo David Medical Device Co., Ltd, Koninklijke Philips NV, Becton, Dickson and Company, and Inspiration Healthcare Group Plc. and Nihon Kohden and Drägerwerk AG & Co. KGaA.
In 2022, Atom Medical Corporation’s product name Atom Phototherapy Analyzer II that measures both phototherapy and phototherapy beneficial radiation in the neonatal intensive care unit provides effective treatment for neonatal jaundice.
In November 2020 Natus Medical Incorporation announced the acquisition of BabybeGmbh innovative newborn care technology.
The report is titled “Global Infant Phototherapy Devices Market Forecast by Type (Fluorescent (FL) Lamps, Light Emitting Diodes (LED), Quartz Halogen Lamps, and Gas-Discharge Tubes), Configuration (Portable and Fixed Devices) End Users (Hospitals, Neonatal Clinics) birth)), region (North America, Europe, Asia Pacific, grade) (Koninklijke Philips NV, Siemens AG, Hologic, Inc., Canon Medical Systems Corporation, Samsung Electronics Co.Ltd, Canon Medical Systems Corporation )” provides a complete analysis of the infant phototherapy devices market.
By Type:- Global Infant Phototherapy Market is Segmented into Four Segments:-
1. Fluorescent (FL) lamps
2. Light Emitting Diodes (LED)
3. Quartz halogen lamps
4. Gas discharge pipes
By Composition:- The Global Infant Imaging Market is Segmented into Two Types:-
1. Mobile devices
2. Hardware firmware.
By End Users:- The Global Infant Imaging Market is Segmented into Two Types:-
1. Hospital and
2. Neonatology clinics
Region:- Global Infant Imaging Market is Segmented into Four Types:-
1. North America
2. Europe
3. Asia Pacific
4. The rest of the world
All eight companies included in the report were studied from 3 points
• Company profile
• Recent developments
• Financial insight
Company analysis
1. Atom Medical Company
2. Natural Medicine Company
3. Ningbo David Medical Devices Co., Ltd
4. Koninklijke Philips NV
5. Picton, Dixon & Company
6. Inspiration Healthcare Group plc.
7. Nihon Kohden
8. Drägerwerk AG & Co. KGaA.
Read the full report: https://www.reportlinker.com/p06381981/?utm_source=GNW
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