According to a market report by Lucintel, the future of the global infant phototherapy device market looks promising with opportunities in the hospital and neonatal clinic markets. The global infant phototherapy device market is expected to reach an estimated $0.11 billion by 2030 from $0.09 billion in 2024,at a CAGR of 4.3% from 2024 to 2030. The major drivers for this market are the increasing prevalence of neonatal jaundice, the growing number of newborns, and ongoing technological advancements in the field of infant phototherapy.A more than 150-page report to understand trends, opportunity and forecast in infant phototherapy device market to 2030 by light source (light-emitting diodes (LEDs), quartz halogen lamps, gas discharge tubes, and fluorescent lamps (FL)), configuration (mobile device and fixed device), end use industry (hospitals, neonatal clinics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that cardiology is expected to witness highest growth over the forecast period due to the increasing heart related surgies being performed by image guided system and medical innovation in the field of imaging.
Within this market, hospitals will remain the largest segment due to increasing number of surgies in hospitals, growing awareness towards technological advanced equipment, and rising investments in healthcare infrastructure.
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North America will remain the largest region over the forecast period due to growing demand for less invasive procedures and on-going technical developments in imaging systems in the region.
Brainlab, General Electric, Medrobotics, Medion, Stereotaxis, Titan Medical, PS-Medtech, Renishaw, Intuitive Surgical, Zimmer Biomet are the major suppliers in the infant phototherapy device market.
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Lucintel
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