Dublin, Feb. 16, 2024 (GLOBE NEWSWIRE) -- The "Global Infant Phototherapy Devices Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The latest research publication added to the roster provides an in-depth analysis of the global infant phototherapy devices market. It reveals that the market, which stood at US$ 85.9 Million in 2022, is projected to expand to US$ 108.9 Million by 2028, flourishing at a CAGR of 4.03% over the forecast period.
With neonatal jaundice remaining a significant concern worldwide, particularly among preterm infants, the demand for effective phototherapy treatments continues to rise. The report delves into the competitive landscape, where key industry players are developing innovative phototherapy devices to address this critical need. The technology, essential for degrading bilirubin in neonates’ blood, reduces the likelihood of severe hyperbilirubinaemia complications.
Infant Phototherapy Devices Market Trends
The prevalence of neonatal jaundice and advancements in healthcare infrastructure are pivotal factors supporting market acceleration. The growing need for cost-effective and user-friendly devices for treatments, especially in under-resourced areas, is spotlighted in the report's findings.
Additionally, the study segments the market based on light source, configuration, and end user, providing a granular view of each sector. There's a particular focus on the use of LEDs, which are gaining traction due to their energy efficiency and the minimal side effects associated with their use.
Key Market Segmentation
Detailed within the report is a comprehensive segmentation analysis of the market, with special emphasis on various light sources such as FL, LEDs, quartz halogen lamps, and gas discharge tubes. The breakdown goes further, examining both mobile and fixed configurations of devices, as well as their deployment in hospitals and neonatal clinics.
Insights into regional market performance underscores the global nature of the infant phototherapy market, with data covering key geographic areas including North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa. The report identifies noteworthy developments and growth dynamics in these locales.
Industry Impacts and Competitive Landscape
The publication takes a critical look at the impact of COVID-19 on market operations, alongside evaluating the industry’s competitive landscape. This includes a review of major organisations that are shaping the market through innovation and the delivery of advanced medical solutions.
The research addresses pressing questions concerning the market's performance, emerging trends, and the main factors propelling the industry forward. It also outlines the challenges faced by the sector, providing a strategic perspective for stakeholders.
Conclusion
For professionals and stakeholders in the healthcare sector, the report offers indispensable insights into the infant phototherapy devices market. With a clear picture of the market dynamics, including growth opportunities and competitive forces, industry players can make informed decisions, driving innovation and improving healthcare outcomes for neonates across the globe.
With its comprehensive approach and detailed breakdown of market segments, this analysis stands as a valuable tool for those seeking to understand or expand their presence in the infant phototherapy devices sector.
As global healthcare continues to evolve, reports like this one are instrumental in charting the course of medical advancements and investment priorities.
Key Topics Covered:
- Market Overview
- Impact of COVID-19
- Market Breakdown by Light Source
- Fluorescent Lamps (FL)
- Light-Emitting Diodes (LEDs)
- Quartz Halogen Lamps
- Gas Discharge Tubes
- Market Breakdown by Configuration
- Mobile Device
- Fixed Device
- Market Breakdown by End User
- Hospital
- Neonatal Clinics
- Regional Analysis
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
Key Attributes
| Report Attribute | Details |
| No. of Pages | 142 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $85.9 Million |
| Forecasted Market Value (USD) by 2028 | $108.9 Million |
| Compound Annual Growth Rate | 4.0% |
| Regions Covered | Global |
Companies Mentioned
- Atom Medical Corporation
- AVI Healthcare Private Limited
- Equalize Health
- General Electric Company
- Ibis Medical Equipment and Systems Pvt Ltd
- Natus Medical Incorporated
- Ningbo David Medical Device Company Limited
- NOVOS Medical Systems
- Weyer GmbH
- Zhengzhou Dison Instrument
- Meter Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/w66bqa
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