Neonatal Phototherapy Devices Market, June 2021 Report On Report 2021: Technology, Application, Types, End-User, Geography, Competitive Analysis and the Impact of Covid-19 with Analysis 2021-2030

In a recently published report, Neonatal Phototherapy Devices Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Neonatal Phototherapy Devices Market products.

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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.

Due to COVID-19 pandemic, the Neonatal Phototherapy Devices market is facing challenges because of temporary shutdown of manufacturing and distribution channel of Neonatal Phototherapy Devices across the world. Neonatal phototherapy devices are medical devices used in the treatment of neonatal jaundice. It mainly occurs in newborn babies and if untreated, it may cause severe hyperbilirubinemia which leads to neurological damage or death. The rise in government plans, regulations, and interventions aimed at establishing advanced healthcare infrastructure as well as rising adoption of technologically advanced neonatal phototherapy devices are the few factors responsible for growth of the market over the forecast period. For instance, according to Indian Brand Equity Foundation, The Government of India is planning to increase public health spending to 2.5 per cent of the country’s GDP by 2025. Also, there has been seen rise in Government expenditure on the health sector 1.4 per cent in 2018 from 1.2 per cent in 2014. However, lack of skilled professionals, and unavailability of devices in rural areas are the major factor restraining the growth of global Neonatal Phototherapy Devices market during the forecast period.

The regional analysis of global Neonatal Phototherapy Devices market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026.

Major market player included in this report are:
Koninklijke Philips N.V.
Medela AG
Novos Medical Systems
Phoenix Medical Systems Pvt. Ltd
Dragerwerk AG & Co. KGaA
Weyer GmbH
General Electric Company
BabyBloom Healthcare BV
Natus Medical Incorporated
Atom Medical Corporation

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Flexible Phototherapy Lamps
Traditional Phototherapy Lamps
Phototherapy Beds

By Application:
Home Care Settings

By Region:
North America
Asia Pacific
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017, 2018
Base year – 2019
Forecast period – 2020 to 2026

Target Audience of the Global Neonatal Phototherapy Devices Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

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Chapter 1.Executive Summary
1.1.Market Snapshot
1.2.Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD Billion)
1.2.1.Neonatal Phototherapy Devices Market, by Region, 2018-2026 (USD Billion)
1.2.2.Neonatal Phototherapy Devices Market, by Type, 2018-2026 (USD Billion)
1.2.3.Neonatal Phototherapy Devices Market, by Application, 2018-2026 (USD Billion)
1.3.Key Trends
1.4.Estimation Methodology
1.5.Research Assumption
Chapter 2.Global Neonatal Phototherapy Devices Market Definition and Scope
2.1.Objective of the Study
2.2.Market Definition & Scope
2.2.1.Scope of the Study
2.2.2.Industry Evolution
2.3.Years Considered for the Study
2.4.Currency Conversion Rates
Chapter 3.Global Neonatal Phototherapy Devices Market Dynamics
3.1.Neonatal Phototherapy Devices Market Impact Analysis (2018-2026)
3.1.1.Market Drivers
3.1.2.Market Challenges
3.1.3.Market Opportunities
Chapter 4.Global Neonatal Phototherapy Devices Market: Industry Analysis
4.1.Porter’s 5 Force Model
4.1.1.Bargaining Power of Suppliers
4.1.2.Bargaining Power of Buyers
4.1.3.Threat of New Entrants
4.1.4.Threat of Substitutes
4.1.5.Competitive Rivalry
4.1.6.Futuristic Approach to Porter’s 5 Force Model (2016-2026)
4.2.PEST Analysis
4.3.Investment Adoption Model
4.4.Analyst Recommendation & Conclusion
Chapter 5.Global Neonatal Phototherapy Devices Market, by Type
5.1.Market Snapshot
5.2.Global Neonatal Phototherapy Devices Market by Type, Performance – Potential Analysis
5.3.Global Neonatal Phototherapy Devices Market Estimates & Forecasts by Type 2016-2026 (USD Billion)
5.4.Neonatal Phototherapy Devices Market, Sub Segment Analysis
5.4.1.Flexible Phototherapy Lamps
5.4.2.Traditional Phototherapy Lamps
5.4.3.Phototherapy Beds
Chapter 6.Global Neonatal Phototherapy Devices Market, by Application
6.1.Market Snapshot
6.2.Global Neonatal Phototherapy Devices Market by Application, Performance – Potential Analysis
6.3.Global Neonatal Phototherapy Devices Market Estimates & Forecasts by Application 2016-2026 (USD Billion)
6.4.Neonatal Phototherapy Devices Market, Sub Segment Analysis
6.4.2.Home Care Settings
Chapter 7.Global Neonatal Phototherapy Devices Market, Regional Analysis
7.1.Neonatal Phototherapy Devices Market, Regional Market Snapshot
7.2.North America Neonatal Phototherapy Devices Market
7.2.1.U.S. Neonatal Phototherapy Devices Market

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