Market Overview:
The global neonatal light therapy device market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of neonatal jaundice, rising awareness about the benefits of light therapy, and technological advancements in light therapy devices. Based on type, the global neonatal light therapy device market is segmented into phototherapy lamps and phototherapy blankets. Phototherapy lamps are further sub-segmented into desktop lamps and floor lamps. Phototherapy blankets are further sub-segmented into single layer blankets and double layer blankets. Based on application, the global neonatal light therapy device market is segmented into hospitals & clinics, birthing centers, and others (including home care settings). Geographically, the global neonatal light therapy device market is segmented into North America, Latin America, Europe Asia Pacific ,and Middle East & Africa . Some of the major players operating in this market include Philips Healthcare (Netherlands), Natus Medical Incorporated (U.S.), Medela AG (Switzerland), GE Healthcare (U.K.), Phoenix Medical Systems Pvt Ltd.
Product Definition:
A neonatal light therapy device is a medical device that emits ultraviolet or infrared radiation to treat newborn infants. The importance of neonatal light therapy devices is that they can help improve the health of premature and low birth weight infants by stimulating their growth and development.
Phototherapy Lamp:
The phototherapy lamp is a device used in the treatment of various skin disorders. It's basically an ultraviolet light source that can be used for treating conditions like psoriasis, eczema, and acne rosacea. The lamp also helps in reducing the size of lesions & marks and improves healing process during phototherapy treatments.
Phototherapy lamps are portable devices that require little or no power to function; they can be easily plugged into an electrical outlet.
Phototherapy Blanket:
A phototherapy blanket is a device used to deliver light to the neonates for the treatment of jaundice, melena, and hyperbilirubinemia. Phototherapy devices are also known as photo therapy or photocoagulation therapy. The main function of this device is to reduce bilirubin by breaking down its binding with protein in the liver.
Phototherapy Blanket.
Application Insights:
Based on application, the market is segmented into hospitals and clinics, birthing centers, and others. Hospitals and clinics dominated the overall industry in terms of revenue share in 2017 owing to increasing neonatal conditions that require light therapy for treatment. Increasing prevalence of preterm birth as well as low birth weight babies is driving the demand for these devices at hospitals and clinics across the globe. According to WHO statistics published in 2018, preterm birth rate has increased by 50% over last 20 years globally with about 1 in 5 births taking place prior to 37 weeks of pregnancy worldwide.
Regional Analysis:
North America dominated the global neonatal light therapy device market in 2017. This can be attributed to increasing prevalence of jaundice and other disorders during birth, rising awareness about these products, availability of skilled professionals and high healthcare expenditure in this region. In addition, presence of well-established healthcare facilities is also expected to drive the regional market over the forecast period.
Asia Pacific is anticipated to witness a lucrative growth rate over the forecast period owing to improving maternal health & hygiene practices coupled with growing medical tourism industry in emerging economies such as India and China. Moreover, increasing number of product launches by key manufacturers are also expected to contribute towards regional growth during the same period. For instance; Philips launched its new phototherapy lamp named PHILIPS LIGHTIFY SCOUT in 2016 for newborns from India which will help reduce sleep requirement dose-dependently up till 2 years old age group (if used regularly).
Growth Factors:
- Increasing incidence of neonatal jaundice
- Rising awareness about the benefits of neonatal light therapy devices
- Technological advancements in neonatal light therapy devices
- Growing demand for home-based treatment options for newborns with jaundice
- Increasing number of pediatricians who are recommending use of neonatal light therapy devices
Scope Of The Report
Report Attributes
Report Details
Report Title
Neonatal Light Therapy Device Market Research Report
By Type
Phototherapy Lamp, Phototherapy Blanket
By Application
Hospitals & Clinics, Birthing Centers, Others
By Companies
GE Healthcare, Atom Medical, Drager, Philips, Natus, Ningbo David Medical, Weyer, D-Rev, Phoenix Medical Systems, Novos Medical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Neonatal Light Therapy Device Market Report Segments:
The global Neonatal Light Therapy Device market is segmented on the basis of:
Types
Phototherapy Lamp, Phototherapy Blanket
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals & Clinics, Birthing Centers, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GE Healthcare
- Atom Medical
- Drager
- Philips
- Natus
- Ningbo David Medical
- Weyer
- D-Rev
- Phoenix Medical Systems
- Novos Medical
Highlights of The Neonatal Light Therapy Device Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Phototherapy Lamp
- Phototherapy Blanket
- By Application:
- Hospitals & Clinics
- Birthing Centers
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Neonatal Light Therapy Device Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A neonatal light therapy device is a small, portable device that emits short-wavelength light to treat conditions such as jaundice and colic in newborns.
Some of the key players operating in the neonatal light therapy device market are GE Healthcare, Atom Medical, Drager, Philips, Natus, Ningbo David Medical, Weyer, D-Rev, Phoenix Medical Systems, Novos Medical.
The neonatal light therapy device market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Neonatal Light Therapy Device Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Neonatal Light Therapy Device Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Neonatal Light Therapy Device Market - Supply Chain
4.5. Global Neonatal Light Therapy Device Market Forecast
4.5.1. Neonatal Light Therapy Device Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Neonatal Light Therapy Device Market Size (000 Units) and Y-o-Y Growth
4.5.3. Neonatal Light Therapy Device Market Absolute $ Opportunity
5. Global Neonatal Light Therapy Device Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Neonatal Light Therapy Device Market Size and Volume Forecast by Type
5.3.1. Phototherapy Lamp
5.3.2. Phototherapy Blanket
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Neonatal Light Therapy Device Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Neonatal Light Therapy Device Market Size and Volume Forecast by Application
6.3.1. Hospitals & Clinics
6.3.2. Birthing Centers
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Neonatal Light Therapy Device Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Neonatal Light Therapy Device Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Neonatal Light Therapy Device Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Neonatal Light Therapy Device Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Neonatal Light Therapy Device Demand Share Forecast, 2019-2026
9. North America Neonatal Light Therapy Device Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Neonatal Light Therapy Device Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Neonatal Light Therapy Device Market Size and Volume Forecast by Application
9.4.1. Hospitals & Clinics
9.4.2. Birthing Centers
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Neonatal Light Therapy Device Market Size and Volume Forecast by Type
9.7.1. Phototherapy Lamp
9.7.2. Phototherapy Blanket
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Neonatal Light Therapy Device Demand Share Forecast, 2019-2026
10. Latin America Neonatal Light Therapy Device Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Neonatal Light Therapy Device Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Neonatal Light Therapy Device Market Size and Volume Forecast by Application
10.4.1. Hospitals & Clinics
10.4.2. Birthing Centers
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Neonatal Light Therapy Device Market Size and Volume Forecast by Type
10.7.1. Phototherapy Lamp
10.7.2. Phototherapy Blanket
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Neonatal Light Therapy Device Demand Share Forecast, 2019-2026
11. Europe Neonatal Light Therapy Device Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Neonatal Light Therapy Device Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Neonatal Light Therapy Device Market Size and Volume Forecast by Application
11.4.1. Hospitals & Clinics
11.4.2. Birthing Centers
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Neonatal Light Therapy Device Market Size and Volume Forecast by Type
11.7.1. Phototherapy Lamp
11.7.2. Phototherapy Blanket
11.8. Bsis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Neonatal Light Therapy Device Demand Share, 2019-2026
12. Asia Pacific Neonatal Light Therapy Device Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Neonatal Light Therapy Device Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Neonatal Light Therapy Device Market Size and Volume Forecast by Application
12.4.1. Hospitals & Clinics
12.4.2. Birthing Centers
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Neonatal Light Therapy Device Market Size and Volume Forecast by Type
12.7.1. Phototherapy Lamp
12.7.2. Phototherapy Blanket
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Neonatal Light Therapy Device Demand Share, 2019-2026
13. Middle East & Africa Neonatal Light Therapy Device Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Neonatal Light Therapy Device Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Neonatal Light Therapy Device Market Size and Volume Forecast by Application
13.4.1. Hospitals & Clinics
13.4.2. Birthing Centers
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Neonatal Light Therapy Device Market Size and Volume Forecast by Type
13.7.1. Phototherapy Lamp
13.7.2. Phototherapy Blanket
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Neonatal Light Therapy Device Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Neonatal Light Therapy Device Market: Market Share Analysis
14.2. Neonatal Light Therapy Device Distributors and Customers
14.3. Neonatal Light Therapy Device Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. GE Healthcare
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Atom Medical
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Drager
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Philips
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Natus
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Ningbo David Medical
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Weyer
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. D-Rev
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Phoenix Medical Systems
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Novos Medical
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
