The Neonatal Phototherapy Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Neonatal Phototherapy Market?
The global market for neonatal phototherapy has seen consistent growth in the past few years. Its market size is projected to increase from $1.06 billion in 2024 to $1.13 billion in 2025, with a compound annual growth rate (CAGR) of 6.4%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Neonatal Phototherapy Industry?
The Neonatal Phototherapy Global Market Report 2025 predicts that by 2029, the market will be valued at $1.43 billion, expanding at a compound annual growth rate (CAGR) of 6.2%.
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What are the Key Growth Drivers Fueling the Neonatal Phototherapy Market?
The key drivers in the neonatal phototherapy market are:
•Expansion of healthcare access and implementation of effective government health policies
•Economic growth in emerging economies
•Enhanced training programs and increased public health initiatives
•Advancements in technology including portable phototherapy devices, phototherapy with LEDs, miniaturized devices and the integration of AI in phototherapy.
Global Market Segmentation: Identifying Major Neonatal Phototherapy Industry Segments
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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What are the emerging Trends Shaping the Future of the Neonatal Phototherapy Market?
The key trends in the neonatal phototherapy market are:
•The market sees a rising trend in the use of portable phototherapy devices.
•The application of light-emitting diodes (LEDs) in phototherapy is gaining traction.
•The market is witnessing a trend towards miniaturized devices.
•There is a growing inclination towards the integration of artificial intelligence (AI) in phototherapy.
Who Are the Top Competitors & Leading Players in the Neonatal Phototherapy Market?
Major players 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
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the neonatal phototherapy market in 2024
