“The Neonatal Phototherapy Market is anticipated to reach about US$ XX Mn by 2025, and anticipated to expand at a CAGR over seven years of forecast period 2019-2025” owing to surge in prevalence of neonatal jaundice. Precision Business Insights (PBI) in its report titled “Neonatal Phototherapy Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
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Neonatal phototherapy market segmented on the basis of product type, end user type.
Home-based Phototherapy is anticipated to Create Huge Opportunities.
Based on end-user type, neonatal phototherapy market segmented into hospitals, home care settings, and others. The largest end-user in the neonatal phototherapy devices market is undoubtedly hospitals and NICU’s. However, the high treatment cost and lack of adequate phototherapy units at the vast majority of neonatal phototherapy centers have assisted the growth of home-based phototherapy units. Home-based phototherapy units have several advantages such as reduced patient hassle, transportation cost, and hospital waiting time. Furthermore, home-based phototherapy reduces both direct and indirect healthcare costs and improves the mother-infant bonding. An article published in the U.S. National Library of Medicine stated that approx. US$ 18,000 was saved by a little over 60 infants in their homes as opposed to hospitals and there were no reported side-effects.
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Scintillating Market Strategy Play Vital Role in Neonatal Phototherapy Market
Key players are adopting various market strategy like new product launch, merger, and collaborations to constitute their spoor in the global market. For instance, in January 2015, Phoenix Medical Systems launched Brilliance Pro, neonatal phototherapy device with special features such as smarttilt to provide constant intensity across the baby’s skin.
The key players profiled in this report include Atom Medical Corporation, AVI Healthcare Pvt. Ltd., D-Rev, General Electric Company, Ibis Medical Equipment & Systems Pvt. Ltd., Natus Medical Incorporated, Ningbo David Medical Device Co., LTD, Novos Medical Devices San. Tic. Imp. and Ihr. Ltd. Sti., Weyer GmbH, Zhengzhou Dison Instrument, and Meter Co., Ltd.
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Detailed Segmentation
By Product Type
o Flexible Phototherapy Lamps
o Traditional Phototherapy Lamps
o Phototherapy Beds
o Others
By End-User Type
o Hospital
o Home Care Settings
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