Global Infant Phototherapy Devices Market Growth

Infant Phototherapy Devices Market Size:

Infant Phototherapy Devices Market was valued at $72 million in 2016, and is predicted to attain $101 million by 2023, rising at a CAGR of 5.2% during the forecast period of time. Phototherapy is a procedure that uses light to treat jaundice in infants. Phototherapy is widely used in reducing bilirubin (the compound that leads to jaundice) levels 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. Because of this process, the bilirubin in the infant’s body gets converted into a much simple water-soluble form and it is easily excreted by stool and urine. Rising prevalence of neonatal jaundice, effective phototherapy treatment, and technological advancements in the field of infant phototherapy are the elements that drive the global infant phototherapy devices market.

Infant Phototherapy Devices Market Segmentation:

The global infant phototherapy lamp market is expected to increase for the duration of the forecast time period owing to the common presence of jaundice in neonates. In addition, low cost and ease of the treatment contribute to the increase of the market place. However, alternate modes of treatment method like for example biliblanket, IVIG treatment, and exchange transfusion are projected to hinder the development of the market place. In addition, the phototherapy devices treatment is predicted to be associated with for a long time effects including testicular effects, transient DNA damage, and melanoma. This factor would drag the market development. Moreover, lack of research that accurately proves the negative effects of the phototherapy procedure is estimated to negatively 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 are further sub-segmented into fluorescent lights and light-emitting diode (LED) devices. On the basis of modality, the marketplace can be segmented into mobile phototherapy unit and fixed phototherapy unit. On the basis of the end-user, the market are segmented into hospitals and neonate centers.

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