Global Infant Phototherapy Devices Market Size and Share

Infant Phototherapy Devices Market Size:

Infant Phototherapy Devices Market was valued at $72 million in 2016, and is predicted to reach $101 million by 2023, increasing at a CAGR of 5.2% during the forecast time period. Phototherapy is a process that uses light to treat jaundice in infants. Phototherapy is used in reducing bilirubin (the compound that leads to jaundice) stages in infants. The infant was made to lie in a plastic crib, exposing the infant to a type of light which is absorbed by the infant. With this process, the bilirubin in the infant’s body gets converted into a much simpler water-soluble form which can be easily excreted by stool and urine. Developing prevalence of neonatal jaundice, effective phototherapy treatment, and technological improvements in the field of infant phototherapy are the factors that drive the global infant phototherapy devices market.

Infant Phototherapy Devices Market Segmentation:

The Global Infant Phototherapy Devices Market is estimated to increase during the forecast time period owing to the common presence of jaundice in neonates. In addition, low cost and also ease of the treatment contribute to the growth of the market place. However, alternate modes of treatment method including biliblanket, IVIG treatment, and exchange transfusion are projected to hinder the increase of the market place. In addition, the phototherapy devices treatment is estimated to be associated with longer term effects for example testicular effects, transient DNA damage, and melanoma. This element would drag the market growth. In addition, lack of research that accurately proves the negative effects of the phototherapy treatment is predicted to in a negative way impact the infant phototherapy devices market. The global infant phototherapy devices market can be segmented on the basis of product type, modality, end-user, and geography. On the basis of product type, the market-place will be segmented into conventional phototherapy devices and fiber optic phototherapy devices. Conventional phototherapy devices can be further sub-segmented into fluorescent lights and light-emitting diode (LED) lamps. On the basis of modality, the industry can be segmented into mobile phototherapy unit and fixed phototherapy unit. Based on the end-user, the market can be segmented into hospitals and also neonate centers.

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