The World Health Organization estimated in 2015 that 4/5th of preterm infants developed jaundice. Preterm birth rates can be as high as 7% in developed countries and are even higher in developing ones. Babies with neonatal jaundice are far more likely to develop hyperbilirubinemia that can lead to neurological damage or even premature death.
The National Institute of Health journal estimated that healthcare cost linked to preterm American births in terms of lost efficiency and medical expenditure were more than US$ 26 billion in 2005 itself. APAC and Africa had the unfortunate distinction of accounting for more than 80% of all preterm births in 2005, making infants there vulnerable to neonatal jaundice. Therefore, neonatal phototherapy treatment is the need of the hour.
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Rapid technological innovations are predicted to favour companies investing in user-friendly control panel phototherapy devices and blue spectrum radiation sources. Key stakeholders are working on LED radiation sources as they can optimally control radiation intensity and have consume a minimal amount of power.
Companies in the neonatal phototherapy devices market are focusing on devices with a peak wavelength of 460 nm and which can be mounted on an incubator or a warmer to avoid infrared and ultraviolet radiation.
The primary drivers of growth in the neonatal phototherapy devices market are the high frequency of neonatal jaundice, rising demand for effective neonatal jaundice treatment and management, and a greater awareness of the existence of such procedures.
The largest end-user in the neonatal phototherapy devices market is undoubtedly hospitals and NICU’s. However, the high treatment cost and lack of adequate phototherapy units at the vast majority of neonatal phototherapy centres have assisted the growth of home-based phototherapy units.
Home-based phototherapy units have several advantages such as reduced patient hassle, transportation cost, and hospital waiting time. Furthermore, home-based phototherapy reduces both direct and indirect healthcare costs and improves the mother-infant bonding.
An article published in the U.S. National Library of Medicine stated that approx. US$ 18,000 was saved by a little over 60 infants in their homes as opposed to hospitals and there were no reported side-effects.
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The uptake of neonatal phototherapy devices is minimal in low and medium income countries. Most revenue in the neonatal phototherapy devices market is generated in developed economies, their low birth rates notwithstanding. The North America neonatal phototherapy devices market is poised to grow to more than US$ 36 million in 2027 with the U.S alone approaching US$ 35 million.
The main reason for this is the lack of product development in the neonatal phototherapy devices market. There have been several cases where neonatal phototherapy devices have failed and been recalled by the FDA, hampering revenue growth during the forecast period. For e.g. - In December 2016, the NeoBlue Blanket LED Phototherapy System was recalled by the FDA because of device degradation following the melting of its fibre optic cable.
Neonatal phototherapy devices are extremely expensive making affordability a critical issue in emerging economies as hospitals there often have limited funds and cannot afford to maintain such equipment. A Stanford study said that many hospitals in Nigeria and India were unable to source an average of six phototherapy bulbs that cost roughly US$ 15 per bulb as they needed to be replaced every four months.
The APAC neonatal phototherapy devices market is anticipated to be valued at more than US$ 4 million by end 2027. Thus, companies need to try to make their neonatal phototherapy devices cost-effective and governmental support will also go a long way in boosting the prospects of the neonatal phototherapy devices market in emerging economies.
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The neonatal phototherapy devices market is likely to secure a CAGR of 3.7% through 2032.
The neonatal phototherapy devices market size is estimated to cross US$ 142.13 Mn by 2032.
The neonatal phototherapy devices market is likely to record a value of US$ 98.83 Mn in 2022.
Asia Pacific is likely to lead the neonatal phototherapy devices market.
1. Executive Summary 1.1. Market Overview 1.2. Market Analysis 1.4. Wheel of Fortune 2. Market Introduction 2.1. Market Taxonomy 2.2. Market Definition 3. Neonatal Phototherapy Devices Market View Point 3.1. Macro-Economic Factors 3.2. Drivers 3.3. Restrains 3.4. Opportunity Analysis 3.5. Duration of professional light therapy in neonatal jaundice 4. North America Neonatal Phototherapy Devices Market Analysis 2013–2016 and Forecast 2017–2027 4.1. Introduction 4.2. Pricing Analysis of Phototherapy Devices 4.3. Key Regional Market Trends 4.4. Installed Based of Phototherapy Devices (2015) 4.5. Number of Neonatal Intensive Care Unit (NICU)/Birthing Centres/ Nursery Wards/ Homecare settings using Phototherapy Devices 4.6. Historical Market Size (US$ Mn) By Country, 2013-2016 4.6.1. U.S. 4.6.2. Canada 4.7. Market Size (US$ Mn) Forecast By Country, 2017-2027 4.7.1. U.S. 4.7.2. Canada 4.8. Historical End User Market Size (US$ Mn) and Unit Volume By Product Type, 2013-2016 4.8.1. Traditional Phototherapy Lamps 4.8.1.1. Hospitals 4.8.1.2. Home care Settings 4.8.2. Phototherapy Beds 4.8.2.1. Hospitals 4.8.2.2. Home care Settings 4.8.3. Flexible Phototherapy Lamps 4.8.3.1. Hospitals 4.8.3.2. Home care Settings 4.9. End User Market Size (US$ Mn) and Unit Volume By Product Type, 2017-2027 4.9.1. Traditional Phototherapy Lamps 4.9.1.1. Hospitals 4.9.1.2. Home care Settings 4.9.2. Phototherapy Beds 4.9.2.1. Hospitals 4.9.2.2. Home care Settings 4.9.3. Flexible Phototherapy Lamps 4.9.3.1. Hospitals 4.9.3.2. Home care Settings 4.10. Drivers and Restraints: Impact Analysis 4.11. Market Attractiveness Analysis 4.11.1. By Country 4.11.2. End User By Product Type 4.12. Key Representative Market Participants 5. U.S. Neonatal Phototherapy Devices Market Analysis 2013–2016 and Forecast 2017–2027 5.1. Introduction 5.2. Installed Based of Phototherapy Devices (2015) 5.3. Number of Neonatal Intensive Care Unit (NICU)/Birthing Centres/ Nursery Wards/ Homecare settings using Phototherapy Devices 5.4. Historical End User Market Size (US$ Mn) and Unit Volume By Product Type, 2013-2016 5.4.1. Traditional Phototherapy Lamps 5.4.1.1. Hospitals 5.4.1.2. Home care Settings 5.4.2. Phototherapy Beds 5.4.2.1. Hospitals 5.4.2.2. Home care Settings 5.4.3. Flexible Phototherapy Lamps 5.4.3.1. Hospitals 5.4.3.2. Home care Settings 5.5. End User Market Size (US$ Mn) and Unit Volume By Product Type, 2017-2027 5.5.1. Traditional Phototherapy Lamps 5.5.1.1. Hospitals 5.5.1.2. Home care Settings 5.5.2. Phototherapy Beds 5.5.2.1. Hospitals 5.5.2.2. Home care Settings 5.5.3. Flexible Phototherapy Lamps 5.5.3.1. Hospitals 5.5.3.2. Home care Settings 5.6. Drivers and Restraints: Impact Analysis 5.7. Market Attractiveness Analysis 6. Latin America Neonatal Phototherapy Devices Market Analysis 2013–2016 and Forecast 2017–2027 6.1. Introduction 6.2. Pricing Analysis of Phototherapy Devices 6.3. Key Regional Market Trends 6.4. Installed Based of Phototherapy Devices (2015) 6.5. Number of Neonatal Intensive Care Unit (NICU)/Birthing Centres/ Nursery Wards/ Homecare settings using Phototherapy Devices 6.6. Historical Market Size (US$ Mn) By Country, 2013-2016 6.6.1. Brazil 6.6.2. Mexico 6.6.3. Rest of Latin America 6.7. Market Size (US$ Mn) Forecast By Country, 2017-2027 6.7.1. Brazil 6.7.2. Mexico 6.7.3. Rest of Latin America 6.8. Historical End User Market Size (US$ Mn) and Unit Volume By Product Type, 2013-2016 6.8.1. Traditional Phototherapy Lamps 6.8.1.1. Hospitals 6.8.1.2. Home care Settings 6.8.2. Phototherapy Beds 6.8.2.1. Hospitals 6.8.2.2. Home care Settings 6.8.3. Flexible Phototherapy Lamps 6.8.3.1. Hospitals 6.8.3.2. Home care Settings 6.9. End User Market Size (US$ Mn) and Unit Volume By Product Type, 2017-2027 6.9.1. Traditional Phototherapy Lamps 6.9.1.1. Hospitals 6.9.1.2. Home care Settings 6.9.2. Phototherapy Beds 6.9.2.1. Hospitals 6.9.2.2. Home care Settings 6.9.3. Flexible Phototherapy Lamps 6.9.3.1. Hospitals 6.9.3.2. Home care Settings 6.10. Drivers and Restraints: Impact Analysis 6.11. Market Attractiveness Analysis 6.11.1. By Country 6.11.2. End User By Product Type 6.12. Key Representative Market Participants 7. Europe Neonatal Phototherapy Devices Market Analysis 2013–2016 and Forecast 2017–2027 7.1. Introduction 7.2. Pricing Analysis of Phototherapy Devices 7.3. Key Regional Market Trends 7.4. Installed Based of Phototherapy Devices (2015) 7.5. Number of Neonatal Intensive Care Unit (NICU)/Birthing Centres/ Nursery Wards/ Homecare settings using Phototherapy Devices 7.6. Historical Market Size (US$ Mn) By Country, 2013-2016 7.6.1. Germany 7.6.2. Russia 7.6.3. UK 7.6.4. France 7.6.5. Italy 7.6.6. Spain 7.6.7. Rest of Europe 7.7. Market Size (US$ Mn) Forecast By Country, 2017-2027 7.7.1. Germany 7.7.2. Russia 7.7.3. UK 7.7.4. France 7.7.5. Italy 7.7.6. Spain 7.7.7. Rest of Europe 7.8. Historical End User Market Size (US$ Mn) and Unit Volume By Product Type, 2013-2016 7.8.1. Traditional Phototherapy Lamps 7.8.1.1. Hospitals 7.8.1.2. Home care Settings 7.8.2. Phototherapy Beds 7.8.2.1. Hospitals 7.8.2.2. Home care Settings 7.8.3. Flexible Phototherapy Lamps 7.8.3.1. Hospitals 7.8.3.2. Home care Settings 7.9. End User Market Size (US$ Mn) and Unit Volume By Product Type, 2017-2027 7.9.1. Traditional Phototherapy Lamps 7.9.1.1. Hospitals 7.9.1.2. Home care Settings 7.9.2. Phototherapy Beds 7.9.2.1. Hospitals 7.9.2.2. Home care Settings 7.9.3. Flexible Phototherapy Lamps 7.9.3.1. Hospitals 7.9.3.2. Home care Settings 7.10. Drivers and Restraints: Impact Analysis 7.11. Market Attractiveness Analysis 7.11.1. By Country 7.11.2. End User By Product Type 7.12. Key Representative Market Participants 8. Germany Neonatal Phototherapy Devices Market Analysis 2013–2016 and Forecast 2017–2027 8.1. Introduction 8.2. Installed Based of Phototherapy Devices (2015) 8.3. Number of Neonatal Intensive Care Unit (NICU)/Birthing Centres/ Nursery Wards/ Homecare settings using Phototherapy Devices 8.4. Historical End User Market Size (US$ Mn) and Unit Volume By Product Type, 2013-2016 8.4.1. Traditional Phototherapy Lamps 8.4.1.1. Hospitals 8.4.1.2. Home care Settings 8.4.2. Phototherapy Beds 8.4.2.1. Hospitals 8.4.2.2. Home care Settings 8.4.3. Flexible Phototherapy Lamps 8.4.3.1. Hospitals 8.4.3.2. Home care Settings 8.5. End User Market Size (US$ Mn) and Unit Volume By Product Type, 2017-2027 8.5.1. Traditional Phototherapy Lamps 8.5.1.1. Hospitals 8.5.1.2. Home care Settings 8.5.2. Phototherapy Beds 8.5.2.1. Hospitals 8.5.2.2. Home care Settings 8.5.3. Flexible Phototherapy Lamps 8.5.3.1. Hospitals 8.5.3.2. Home care Settings 8.6. Market Attractiveness Analysis 9. Asia Neonatal Phototherapy Devices Market Analysis 2013–2016 and Forecast 2017–2027 9.1. Introduction 9.2. Pricing Analysis of Phototherapy Devices 9.3. Key Regional Market Trends 9.4. Installed Based of Phototherapy Devices (2015) 9.5. Number of Neonatal Intensive Care Unit (NICU)/Birthing Centres/ Nursery Wards/ Homecare settings using Phototherapy Devices 9.6. Historical Market Size (US$ Mn) By Country, 2013-2016 9.6.1. China 9.6.2. India 9.6.3. Australia 9.6.4. Japan 9.6.5. Rest of APAC 9.7. Market Size (US$ Mn) Forecast By Country, 2017-2027 9.7.1. China 9.7.2. India 9.7.3. Australia 9.7.4. Japan 9.7.5. Rest of APAC 9.8. Historical End User Market Size (US$ Mn) and Unit Volume By Product Type, 2013-2016 9.8.1. Traditional Phototherapy Lamps 9.8.1.1. Hospitals 9.8.1.2. Home care Settings 9.8.2. Phototherapy Beds 9.8.2.1. Hospitals 9.8.2.2. Home care Settings 9.8.3. Flexible Phototherapy Lamps 9.8.3.1. Hospitals 9.8.3.2. Home care Settings 9.9. End User Market Size (US$ Mn) and Unit Volume By Product Type, 2017-2027 9.9.1. Traditional Phototherapy Lamps 9.9.1.1. Hospitals 9.9.1.2. Home care Settings 9.9.2. Phototherapy Beds 9.9.2.1. Hospitals 9.9.2.2. Home care Settings 9.9.3. Flexible Phototherapy Lamps 9.9.3.1. Hospitals 9.9.3.2. Home care Settings 9.10. Drivers and Restraints: Impact Analysis 9.11. Market Attractiveness Analysis 9.11.1. By Country 9.11.2. End User By Product Type 9.12. Key Representative Market Participants 10. China Neonatal Phototherapy Devices Market Analysis 2013–2016 and Forecast 2017–2027 10.1. Introduction 10.2. Installed Based of Phototherapy Devices (2015) 10.3. Number of Neonatal Intensive Care Unit (NICU)/Birthing Centres/ Nursery Wards/ Homecare settings using Phototherapy Devices 10.4. Historical End User Market Size (US$ Mn) and Unit Volume By Product Type, 2013-2016 10.4.1. Traditional Phototherapy Lamps 10.4.1.1. Hospitals 10.4.1.2. Home care Settings 10.4.2. Phototherapy Beds 10.4.2.1. Hospitals 10.4.2.2. Home care Settings 10.4.3. Flexible Phototherapy Lamps 10.4.3.1. Hospitals 10.4.3.2. Home care Settings 10.5. End User Market Size (US$ Mn) and Unit Volume By Product Type, 2017-2027 10.5.1. Traditional Phototherapy Lamps 10.5.1.1. Hospitals 10.5.1.2. Home care Settings 10.5.2. Phototherapy Beds 10.5.2.1. Hospitals 10.5.2.2. Home care Settings 10.5.3. Flexible Phototherapy Lamps 10.5.3.1. Hospitals 10.5.3.2. Home care Settings 10.6. Market Attractiveness Analysis 11. India Neonatal Phototherapy Devices Market Analysis 2013–2016 and Forecast 2017–2027 11.1. Introduction 11.2. Installed Based of Phototherapy Devices (2015) 11.3. Number of Neonatal Intensive Care Unit (NICU)/Birthing Centres/ Nursery Wards/ Homecare settings using Phototherapy Devices 11.4. Historical End User Market Size (US$ Mn) and Unit Volume By Product Type, 2013-2016 11.4.1. Traditional Phototherapy Lamps 11.4.1.1. Hospitals 11.4.1.2. Home care Settings 11.4.2. Phototherapy Beds 11.4.2.1. Hospitals 11.4.2.2. Home care Settings 11.4.3. Flexible Phototherapy Lamps 11.4.3.1. Hospitals 11.4.3.2. Home care Settings 11.5. End User Market Size (US$ Mn) and Unit Volume By Product Type, 2017-2027 11.5.1. Traditional Phototherapy Lamps 11.5.1.1. Hospitals 11.5.1.2. Home care Settings 11.5.2. Phototherapy Beds 11.5.2.1. Hospitals 11.5.2.2. Home care Settings 11.5.3. Flexible Phototherapy Lamps 11.5.3.1. Hospitals 11.5.3.2. Home care Settings 11.6. Market Attractiveness Analysis 12. Australia Neonatal Phototherapy Devices Market Analysis 2013–2016 and Forecast 2017–2027 12.1. Introduction 12.2. Pricing Analysis of Phototherapy Devices 12.3. Key Regional Market Trends 12.4. Installed Based of Phototherapy Devices (2015) 12.5. Number of Neonatal Intensive Care Unit (NICU)/Birthing Centres/ Nursery Wards/ Homecare settings using Phototherapy Devices 12.6. Historical End User Market Size (US$ Mn) and Unit Volume By Product Type, 2013-2016 12.6.1. Traditional Phototherapy Lamps 12.6.1.1. Hospitals 12.6.1.2. Home care Settings 12.6.2. Phototherapy Beds 12.6.2.1. Hospitals 12.6.2.2. Home care Settings 12.6.3. Flexible Phototherapy Lamps 12.6.3.1. Hospitals 12.6.3.2. Home care Settings 12.7. End User Market Size (US$ Mn) and Unit Volume By Product Type, 2017-2027 12.7.1. Traditional Phototherapy Lamps 12.7.1.1. Hospitals 12.7.1.2. Home care Settings 12.7.2. Phototherapy Beds 12.7.2.1. Hospitals 12.7.2.2. Home care Settings 12.7.3. Flexible Phototherapy Lamps 12.7.3.1. Hospitals 12.7.3.2. Home care Settings 12.8. Drivers and Restraints: Impact Analysis 12.9. Market Attractiveness Analysis 12.9.1. End User By Product Type 12.10. Key Representative Market Participants 13. Middle East and Africa Neonatal Phototherapy Devices Market Analysis 2013–2016 and Forecast 2017–2027 13.1. Introduction 13.2. Pricing Analysis of Phototherapy Devices 13.3. Key Regional Market Trends 13.4. Installed Based of Phototherapy Devices (2015) 13.5. Number of Neonatal Intensive Care Unit (NICU)/Birthing Centers/ Nursery Wards/ Homecare settings using Phototherapy Devices 13.6. Historical Market Size (US$ Mn) By Country, 2013-2016 13.6.1. GCC Countries 13.6.2. South Africa 13.6.3. Rest of MEA 13.7. Market Size (US$ Mn) Forecast By Country, 2017-2027 13.7.1. GCC Countries 13.7.2. South Africa 13.7.3. Rest of MEA 13.8. Historical End User Market Size (US$ Mn) and Unit Volume By Product Type, 2013-2016 13.8.1. Traditional Phototherapy Lamps 13.8.1.1. Hospitals 13.8.1.2. Home care Settings 13.8.2. Phototherapy Beds 13.8.2.1. Hospitals 13.8.2.2. Home care Settings 13.8.3. Flexible Phototherapy Lamps 13.8.3.1. Hospitals 13.8.3.2. Home care Settings 13.9. End User Market Size (US$ Mn) and Unit Volume By Product Type, 2017-2027 13.9.1. Traditional Phototherapy Lamps 13.9.1.1. Hospitals 13.9.1.2. Home care Settings 13.9.2. Phototherapy Beds 13.9.2.1. Hospitals 13.9.2.2. Home care Settings 13.9.3. Flexible Phototherapy Lamps 13.9.3.1. Hospitals 13.9.3.2. Home care Settings 13.10. Drivers and Restraints: Impact Analysis 13.11. Market Attractiveness Analysis 13.11.1. By Country 13.11.2. End User By Product Type 13.12. Key Representative Market Participants 14. South Africa Neonatal Phototherapy Devices Market Analysis 2013–2016 and Forecast 2017–2027 14.1. Introduction 14.2. Historical End User Market Size (US$ Mn) and Unit Volume By Product Type, 2013-2016 14.2.1. Traditional Phototherapy Lamps 14.2.1.1. Hospitals 14.2.1.2. Home care Settings 14.2.2. Phototherapy Beds 14.2.2.1. Hospitals 14.2.2.2. Home care Settings 14.2.3. Flexible Phototherapy Lamps 14.2.3.1. Hospitals 14.2.3.2. Home care Settings 14.3. End User Market Size (US$ Mn) and Unit Volume By Product Type, 2017-2027 14.3.1. Traditional Phototherapy Lamps 14.3.1.1. Hospitals 14.3.1.2. Home care Settings 14.3.2. Phototherapy Beds 14.3.2.1. Hospitals 14.3.2.2. Home care Settings 14.3.3. Flexible Phototherapy Lamps 14.3.3.1. Hospitals 14.3.3.2. Home care Settings 14.4. Market Attractiveness Analysis 15. Forecast Factors: Relevance and Impact 16. Forecast Assumptions 17. Global Neonatal Phototherapy Devices Market Analysis 2013–2016 and Forecast 2017–2027, End User By Product Type 17.1. Introduction/Key Finding 17.2. Historical End User Market Size (US$ Mn) and Unit Volume By Product Type, 2013-2016 17.2.1. Traditional Phototherapy Lamps 17.2.1.1. Hospitals 17.2.1.2. Home care Settings 17.2.2. Phototherapy Beds 17.2.2.1. Hospitals 17.2.2.2. Home care Settings 17.2.3. Flexible Phototherapy Lamps 17.2.3.1. Hospitals 17.2.3.2. Home care Settings 17.3. End User Market Size (US$ Mn) and Unit Volume By Product Type, 2017-2027 17.3.1. Traditional Phototherapy Lamps 17.3.1.1. Hospitals 17.3.1.2. Home care Settings 17.3.2. Phototherapy Beds 17.3.2.1. Hospitals 17.3.2.2. Home care Settings 17.3.3. Flexible Phototherapy Lamps 17.3.3.1. Hospitals 17.3.3.2. Home care Settings 17.4. Market Attractiveness Analysis By Product Type 18. Global Neonatal Phototherapy Devices Market Analysis 2013–2016 and Forecast 2017–2027 18.2. Market Volume Projections 18.3. Market Size and Y-o-Y Growth 18.3. Absolute $ Opportunity 19. Competitive Landscape 20. Company Profiles 20.1 Natus Medical Incorporated 20.2 General Electric Company 20.3 Ibis Medical Equipment and System Pvt. Ltd 20.4 Atom Medical Corporation 20.5 Medela AG 20.6 D-Rev 20.7 Phoenix Medical Systems Pvt Ltd 20.8 Zhengzhou Dison Instrument And Meter Co., Ltd 20.9 Fanem Ltda. 20.10 Drägerwerk AG & Co. KGaA 20.11 Novos Medical Systems 20.12 Weyer GmbH 20.13 BabyBloom Healthcare BV 20.14 Medical Technology Transfer and Services Asia (MTTS Asia) 20.15 Koninklijke Philips N.V. 20.1.16 Medical Technology Transfer and Services Asia (MTTS Asia) 22. Research Methodology
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Neonatal Phototherapy Devices Market
