The Business Research Company’s report on the Neonatal Phototherapy Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the neonatal phototherapy industry?
The rising birth rates are expected to propel the growth of the neonatal phototherapy market going forward. Rising birth rates typically occur due to factors such as improved healthcare, higher fertility rates, cultural preferences for larger families, and increased immigration in certain regions. Neonatal phototherapy is essential for managing jaundice in premature infants by using light to break down excess bilirubin in their blood. This helps reduce the risk of severe complications, such as brain damage, which are more common in preterm babies due to their underdeveloped liver function and increased likelihood of developing jaundice. For instance, in January 2023, according to a report published by the Centers for Disease Control and Prevention, a US-based national public health organization, the United States witnessed a 1% increase in registered births, totaling 3,664,292, compared to the previous year. Therefore, rising birth rates are driving the growth of the neonatal phototherapy market.
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What is the estimated market size of the neonatal phototherapy sector by 2029, based on current forecasts?
The neonatal phototherapy market size has grown strongly in recent years. It will grow from $1.06 billion in 2024 to $1.13 billion in 2025 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to improved healthcare infrastructure, government health initiatives, training and education programs, support from non-profit organizations and clinical research and studies
The neonatal phototherapy market size is expected to see strong growth in the next few years. It will grow to $1.43 billion in 2029 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to the expansion of healthcare access, government health policies, economic growth in emerging economies, enhanced training programs and public health initiatives. Major trends in the forecast period include portable phototherapy devices, phototherapy with light-emitting diodes (LEDs), miniaturized devices, artificial intelligence (AI) in phototherapy and blue and green light technologies.
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Who are the top players 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
What are the major trends in the neonatal phototherapy market?
Major companies operating in the neonatal phototherapy market are focusing on developing innovative solutions such as advanced open warmers to enhance postnatal care for newborns. An advanced open warmer (AOW) refers to a medical device commonly used in neonatal care and pediatric settings to maintain a stable body temperature in newborns and infants, especially in premature or low-birth-weight babies. For instance, in October 2024, Draeger India Pvt. Ltd, an India-based medical and safety technology company, launched the BabyRoo TN300, designed to offer flexibility in labor and delivery rooms as well as neonatal intensive care units. This innovative device aims to deliver optimal care for newborns, particularly those needing intensive care after birth. The BabyRoo TN300 features dual heat sources for consistent temperature maintenance, skin temperature regulation for personalized warming, a prewarm function for quick readiness, integrated thermomonitoring to detect thermal stress, lung-protective respiratory support with an AutoBreath module, and a family-centered care design to promote parental involvement in infant care.
Which geography holds the highest neonatal phototherapy market share?
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.
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How do different segments contribute to the overall expansion of the neonatal phototherapy market?
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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How is the neonatal phototherapy market defined?
Neonatal phototherapy is a medical treatment used to manage jaundice in newborns by exposing them to specific light wavelengths. This process helps break down excess bilirubin in the baby’s blood, which is the cause of the yellowing of the skin and eyes. It is a non-invasive and effective method to reduce the risk of complications associated with high bilirubin levels, promoting safer recovery in newborns.
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