As per the research report, the North America Neonatal Phototherapy Equipment Market size was valued at USD 173.73 million in 2023 and expected to reach USD 212.39 million by 2028, reaching at a CAGR of 4.1% from 2023 to 2028.
In recent years, the market for infant phototherapy equipment in North America has grown steadily and continues to develop at a favorable rate. The industry has grown considerably as neonatal jaundice has increased around the world. Increased government plans, policies, and initiatives to lower these figures and construct modern healthcare infrastructure in several regional markets have also encouraged the use of technologically advanced newborn phototherapy equipment. North America is a separate continent from the rest of the world.
One of the essential aspects is phototherapy, which uses light to cure various skin conditions such as psoriasis and vitiligo, among others. The skin is exposed to an extraordinary form of light emitted by medical equipment during the treatment.
Improvements in healthcare infrastructure, the rapid development of low-cost phototherapy equipment, and widespread adoption of home phototherapy to treat skin diseases. They are expected to create substantial growth prospects for the neonatal phototherapy equipment market during the projected period.
According to the National Center for Biotechnology Information, neonatal jaundice affects 60 to 80 percent of healthy babies. Furthermore, continuous technological breakthroughs in these areas will propel the industry forward.
A rise in the use of alternative modes of treatment and the strict FDA regulatory policies for the approval of the new device is expected to slow the growth of the phototherapy equipment market. In contrast, the limited adoption of phototherapy equipment in developing countries is a significant restraint.
This research report on the North America Neonatal Phototherapy Equipment Market has been segmented and sub-segmented into the following categories:
By Type:
By End User:
By Application:
By Country:
Geographically, the North American region is the market leader and holds the most prominent position in the Neonatal phototherapy equipment market, owing to raising public awareness of the benefits of new technologies, which would provide a lucrative market for phototherapy equipment. In addition, various variables, such as the increased incidence of neonatal jaundice and skin illnesses, are credited with the region's dominance. Aside from that, the area has a sophisticated healthcare infrastructure. These factors, combined with several government efforts aimed at improving the health of newborns, have tipped the scales in favor of the phototherapy equipment industry in North America.
The U.S Neonatal Phototherapy Equipment Market Size is expected to reach a significant rate due to a rise in the incidence of acne-related disorders. Furthermore, a high percentage of highly advanced skincare treatment equipment is used in this region due to an increase in the prevalence of skin illnesses such as acne, which is expected to develop at a lucrative rate throughout the forecast period.
The Canada Neonatal Phototherapy Equipment Market is predicted to grow fastest during the projection period due to increased awareness of advanced phototherapy and developing healthcare infrastructure.
Furthermore, an increase in the frequency of newborn jaundice and demand for cost-effective equipment is expected to enhance phototherapy use in this region. Governments in the North American region are increasingly concentrating on boosting knowledge about skin diseases and treatment options, which is projected to fuel regional market expansion.
KEY MARKET PLAYERS
Promising Companies playing a dominant role in the North America Neonatal Phototherapy Equipment Market profiled in this report are Herbert Waldmann GmbH & Co. KG (Germany), GE Healthcare (U.S.), Atom Medical Corporation (Japan), National Biological Corp. (U.S.), Solarc Systems Inc. (Canada), Philips Lighting Holding B.V. (Netherlands), Phoenix Medical Systems Pvt. Ltd. (India), nice Neotech Medical Systems Pvt. Ltd. (India), Natus Medical Incorporated (U.S.).,
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