What Factors Propelled The Growth Of The Neonatal Phototherapy Market In The Past?
The neonatal phototherapy market has seen considerable growth due to a variety of factors.
• In recent years, the market size for neonatal phototherapy has seen substantial growth. The sector, valued at $1.06 billion in 2024, is expected to reach $1.13 billion in 2025, registering a compound annual growth rate (CAGR) of 6.4%.
Factors contributing to the growth witnessed in the past include developments in healthcare infrastructure, government initiatives in health, training and educational programs, aid from non-profit institutions, and extensive clinical research.
What Is the Forecasted Market Size and Growth Rate for The Neonatal Phototherapy Market?
The neonatal phototherapy market is expected to maintain its strong growth trajectory in upcoming years.
• In the impending years, the neonatal phototherapy market is anticipated to experience robust growth. By 2029, its value is projected to rise to $1.43 billion, expanding at a compound annual growth rate (CAGR) of 6.2%.
This prospective growth during the forecast timeline can be credited to factors like broader healthcare availability, government healthcare strategies, economic progress in burgeoning economies, enhanced training programs and public healthcare campaigns. Portable phototherapy appliances, light-emitting diodes (LEDs) phototherapy, downsized devices, the incorporation of artificial intelligence (AI) in phototherapy, and blue and green light technologies are set to be the major trends throughout this forecast period.
What Are the Critical Driver Fuelling the Neonatal Phototherapy Market's Growth?
The anticipated surge in birth rates is predicted to fuel the expansion of the neonatal phototherapy market. Several factors such as enhanced healthcare, higher reproductive rates, cultural inclination towards bigger families, and increased migration in some areas generally contribute to a surge in birth rates. Neonatal phototherapy proves vital in treating jaundice in prematurely born infants by employing light to dissolve excess bilirubin in their bloodstream. This assists in mitigating serious complications including brain damage, which are more prevalent in preterm babies due to their immature liver functioning and heightened risk of jaundice acquisition. For example, in January 2023, the Centers for Disease Control and Prevention, an American national public health body reported a 1% rise in registered births in the U.S., amounting to 3,664,292, in comparison with the previous year. Consequently, the escalating birth rates are triggering the elevation of the neonatal phototherapy market.
What Are The Main Segments Of The Global 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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What Emerging Trends Are Influencing The Growth Of The Neonatal Phototherapy Market Landscape?
Main players in the neonatal phototherapy market are concentrating their efforts on delivering unique and innovative solutions, such as advanced open warmers, to improve postnatal care for newborns. An advanced open warmer (AOW) is a medically purposed apparatus frequently utilized in the neonatal and pediatric care settings to maintain the correct body temperature in newborns, particularly those who are premature or light in weight at birth. For example, Draeger India Pvt. Ltd, a company centered in India that specializes in medical and safety technology, introduced the BabyRoo TN300 in October 2024. This device was designed with labor and delivery rooms and neonatal intensive care units in mind, providing flexibility. The main goal of this revolutionary apparatus is to provide the best care for newborn babies, specifically those requiring intensive attention post birth. The BabyRoo TN300 comes equipped with dual heating features for uniform temperature upkeep, skin temperature management for individualized warming, a speedy readiness prewarm function, built-in thermo-monitoring to flag thermal stress, respiratory support that protects the lungs using an AutoBreath module, and a design focusing on family-centered care encouraging parents to participate in their baby's care.
Who Are the Key Players in the Neonatal Phototherapy Market?
Major companies operating in the neonatal phototherapy market are include:
• 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 Is The Most Dominant Region In 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.
