Asia Pacific Neonatal Phototherapy Equipment market size was around USD 99.28 million in 2018. It is expected to grow at a CAGR of 5.6% to reach USD 130.37 million by 2023. It captures 20% of the global market.
Babies with neonatal jaundice are far more likely to develop hyperbilirubinemia that can lead to neurological damage or even premature death. Therefore, neonatal phototherapy treatment is the need of the hour.
Commonly occurring neonatal jaundice, growing demand for effective neonatal jaundice treatment and management conjoined with rising awareness are the primary drivers of market growth.
The uptake of neonatal phototherapy devices is minimal in low and medium income countries. It is the primary restraint of this market. Device failures are the secondary factors hampering the growth of this market.
The market is segmented into by type, end user and application. By type the market is segmented into Convectional Phototherapy Equipment, LED Phototherapy Equipment, and Fiberoptic Phototherapy Equipment. By end user the market is segmented into Hospital & Clinics and Home Users. By application the market is segmented into Skin disease treatment, Neonatal Jaundice Management. The largest end-user in the neonatal phototherapy devices market is undoubtedly hospitals and NICU’s. On the other hand, hefty treatment cost and inadequate phototherapy units at the vast majority of neonatal phototherapy centres have aided the growth of home-based phototherapy units. Home-based phototherapy units have many advantages like 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.
By geography the market is segregate into India, China, Korea, Japan, and others. Asia Pacific is the third largest market. It is estimated to be the fastest growing market in the aforementioned forecast period. China is the leading market in this region.
Key players in the market are GE Healthcare (U.S.), Philips Lighting Holding B.V. (Netherlands), Natus Medical Incorporated (U.S.), Phoenix Medical Systems Pvt. Ltd. (India). Other players in the market are Herbert Waldmann GmbH & Co. KG (Germany), Atom Medical Corporation (Japan), nice Neotech Medical Systems Pvt. Ltd. (India), National Biological Corp. (U.S.), and Solarc Systems Inc. (Canada).
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 End User
5.1.1 Introduction
5.1.2 Hospitals & Clinics
5.1.3 Home Users
5.1.4 Y-o-Y Growth Analysis, By End User
5.1.5 Market Attractiveness Analysis, By End User
5.1.6 Market Share Analysis, By End User
5.2 Type
5.2.1 Introduction
5.2.2 Conventional Phototherapy Equipment
5.2.2.1 Conventional Phototherapy Equipment With Fluorescent Lamps
5.2.2.1.1 Full-Body Phototherapy Equipment
5.2.2.1.2 Partial-Body Phototherapy Equipment
5.2.2.2 Conventional Phototherapy Equipment With Compact Fluorescent Lamps
5.2.3 Led-Based Phototherapy Equipment
5.2.4 Fiberoptic Phototherapy Equipment
5.2.5 Y-o-Y Growth Analysis, By Type
5.2.6 Market Attractiveness Analysis, By Type
5.2.7 Market Share Analysis, By Type
5.3 Application
5.3.1 Introduction
5.3.2 Skin Disease Treatment
5.3.2.1 Psoriasis
5.3.2.2 Vitiligo
5.3.2.3 Eczema/Atopic Dermatitis
5.3.2.4 Other Skin Diseases
5.3.3 Neonatal Jaundice Management
5.3.4 Y-o-Y Growth Analysis, By Application
5.3.5 Market Attractiveness Analysis, By Application
5.3.6 Market Share Analysis, By Application
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By End User
6.1.3.3 By Type
6.1.3.4 By Application
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By End User
6.1.4.3 By Type
6.1.4.4 By Application
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By End User
6.1.5.3 By Type
6.1.5.4 By Application
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 GE Healthcare
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Philips Lighting Holding B.V.
8.3 Natus Medical Incorporated
8.4 Phoenix Medical Systems Pvt. Ltd.
8.5 Herbert Waldmann GmbH & Co. Kg
8.6 Atom Medical Corporation
8.7 Nice Neotech Medical Systems Pvt. Ltd.
8.8 The Daavlin Company
8.9 National Biological Corporation
8.10 Solarc Systems Inc.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
