Neonatal Phototherapy Devices Market: By Product Type (Flexible Phototherapy Lamps, Traditional Phototherapy Lamps, Phototherapy Beds), By End-User (Hospitals, Home Care Settings), and Geography  

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Neonatal Phototherapy Devices Market size was valued at USD 512 million in 2023 and is poised to grow at a CAGR of 4.2% from 2024-2030. Neonatal phototherapy devices market growth is driven by technological advancements in phototherapy devices. Most of the non-profit organizations and market players are collaborating to develop cost-effective neonatal therapy devices that can treat neonatal jaundice at minimal cost. Every year, roughly 25-40% of newborn babies are diagnosed with jaundice, according to the Scholar's Journal of Medical Sciences. In comparison to fluorescent lamps, D-Rev has invented LEDs for the treatment of jaundice. These LEDs consume the least amount of energy and last for a long time.

Moreover, government initiatives in various countries to provide better treatment for newborn babies and children, high frequency of neonatal jaundice, and an increase in awareness about the treatment are anticipated to propel the market. Furthermore, the launching of newer products is anticipated to bolster the market revenue. For instance, in January 2015, Phoenix Medical Systems launched Brilliance Pro, a neonatal phototherapy device with special features such as smart-tilt to provide constant intensity across the baby's skin. Neonatal phototherapy devices are the medical devices used in the treatment of neonatal jaundice. Neonatal jaundice occurs in the majority of newborn babies and if untreated, it may cause severe hyperbilirubinemia that leads to neurological damage or death. Traditional phototherapy devices are commonly used in phototherapy due to their relative affordability. These devices have improved lifespans and are easily connected to the incubator.

Neonatal Phototherapy Devices Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

4.2%

Largest Market

North America

Fastest Growing Market

North America
Neonatal Phototherapy Devices Market Dynamics

Increase in the prevalence and incidence of neonatal jaundice, technological advancements in the phototherapy devices, government initiations for new-born and childcare, and rise in demand for effective treatment for neonatal jaundice are anticipated to fuel the neonatal phototherapy devices market. However, stringent regulatory policies for product approval, lack of skilled professionals, and unavailability of devices in rural areas are expected to restrain the growth of neonatal phototherapy devices market over the forecast period.

Neonatal Phototherapy Devices Market Segmentation

By Product Type
  • Flexible Phototherapy Lamps
  • Traditional Phototherapy Lamps
  • Phototherapy Beds
By End User
  • Hospitals
  • Home Care Settings
By Geography
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa (MEA)

Frequently Asked Questions

The Neonatal Phototherapy Devices Market is projected to expand at a CAGR of 4.2% during the forecast period.

Koninklijke Philips, Medela AG, Novos Medical Systems, Phoenix Medical Systems, Dragerwerk AG & Co, Weyer GmbH, General Electric Company

Asia-Pacific is the fastest-growing region for Neonatal Phototherapy Devices Market

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor's overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
1. Executive Summary
2. Global Neonatal Phototherapy Devices Market Introduction 
2.1.Global Neonatal Phototherapy Devices Market  - Taxonomy
2.2.Global Neonatal Phototherapy Devices Market  - Definitions
2.2.1.Product Type
2.2.2.End User
2.2.3.Region
3. Global Neonatal Phototherapy Devices Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4. Global Neonatal Phototherapy Devices Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5. Global Neonatal Phototherapy Devices Market  By Product Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Flexible Phototherapy Lamps
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Traditional Phototherapy Lamps
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Phototherapy Beds
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
6. Global Neonatal Phototherapy Devices Market  By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Hospitals
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Home Care Settings
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
7. Global Neonatal Phototherapy Devices Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. North America
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Europe
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Asia Pacific (APAC)
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Middle East and Africa (MEA)
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Latin America
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8. North America Neonatal Phototherapy Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.1.1.Flexible Phototherapy Lamps
8.1.2.Traditional Phototherapy Lamps
8.1.3.Phototherapy Beds
8.2.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.2.1.Hospitals
8.2.2.Home Care Settings
8.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.3.1.United States of America (USA)
8.3.2.Canada
9. Europe Neonatal Phototherapy Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Flexible Phototherapy Lamps
9.1.2.Traditional Phototherapy Lamps
9.1.3.Phototherapy Beds
9.2.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Hospitals
9.2.2.Home Care Settings
9.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Germany
9.3.2.France
9.3.3.Italy
9.3.4.United Kingdom (UK)
9.3.5.Spain
9.3.6.Rest of EU
9.3.7.
10. Asia Pacific (APAC) Neonatal Phototherapy Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Flexible Phototherapy Lamps
10.1.2.Traditional Phototherapy Lamps
10.1.3.Phototherapy Beds
10.2.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Hospitals
10.2.2.Home Care Settings
10.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.China
10.3.2.India
10.3.3.Australia and New Zealand (ANZ)
10.3.4.Japan
10.3.5.Rest of APAC
11. Middle East and Africa (MEA) Neonatal Phototherapy Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Flexible Phototherapy Lamps
11.1.2.Traditional Phototherapy Lamps
11.1.3.Phototherapy Beds
11.2.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Hospitals
11.2.2.Home Care Settings
11.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.GCC Countries
11.3.2.South Africa
11.3.3.Rest of MEA
12. Latin America Neonatal Phototherapy Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Flexible Phototherapy Lamps
12.1.2.Traditional Phototherapy Lamps
12.1.3.Phototherapy Beds
12.2.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Hospitals
12.2.2.Home Care Settings
12.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Brazil
12.3.2.Mexico
12.3.3.Rest of LA
13. Competition Landscape
13.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
13.2.1.Koninklijke Philips N.V. (Netherlands)
13.2.2.Medela AG (Switzerland)
13.2.3.Novos Medical Systems (Turkey)
13.2.4.Phoenix Medical Systems Pvt. Ltd (India)
13.2.5.Dragerwerk AG & Co. KGaA (Germany)
13.2.6.Weyer GmbH (Germany)
13.2.7.General Electric Company (U.S.)
13.2.8.BabyBloom Healthcare BV (Netherlands)
14. Research Methodology 
15. Appendix and Abbreviations 
  • Koninklijke Philips N.V. (Netherlands)
  • Medela AG (Switzerland)
  • Novos Medical Systems (Turkey)
  • Phoenix Medical Systems Pvt. Ltd (India)
  • Dragerwerk AG & Co. KGaA (Germany)
  • Weyer GmbH (Germany)
  • General Electric Company (U.S.)
  • BabyBloom Healthcare BV (Netherlands)
  • Natus Medical Incorporated (U.S.)
  • Atom Medical Corporation (Japan)

Adjacent Markets