Market Outline: Neonatal Phototherapy Devices Market

Neonatal phototherapy devices are the medical devices used in the treatment of neonatal jaundice. Neonatal jaundice occurs in majority of newborn babies and if untreated, it may cause severe hyperbilirubinemia that leads to neurological damage or death.

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Market Dynamics: Neonatal Phototherapy Devices Market

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.

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Market Summary: Neonatal Phototherapy Devices Market

Neonatal phototherapy devices market growth driven by technological advancements in phototherapy devices. Most of the non-profit organizations and market players are collaborating to develop the cost-effective neonatal therapy devices that can treat the neonatal jaundice at minimal cost. Moreover, government initiations in various countries to provide better treatment for newborn babies and children, high frequency of neonatal jaundice, and increase in awareness about the treatment are anticippated to propel the market.

Regional Analysis: Neonatal Phototherapy Devices Market

Geographically, global neonatal phototherapy devices market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America neonatal phototherapy devices market growth attributed to the innovation of newer technologies, high awareness about neonatal jaundice, and sophisticated healthcare infrastructure in the region.

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Competition Assessment: Neonatal Phototherapy Devices Market

Some of the players in the global neonatal phototherapy devices market include:

• 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)

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