Global Neonatal Intensive Care market is valued at USD 1.69 Billion in 2020 and anticipated to reach USD 2.49 Billion by 2027 with the CAGR of 5.7% over the forecast period.""
Global Neonatal Intensive Care Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2022-2028–Increasing awareness about neonatal intensive care equipment and high birth rate in developing economies are some of the major factors driving the growth of GlobalNeonatal Intensive Care Market.
Neonatal intensive care is also known as special care nursery, newborn intensive care or intensive care nursery. In these units, premature babies have high complication as it is a very specialized or advanced equipped unit. Neonatal care is a special type of care given to the premature baby with health complications such as difficulty in gaining weight or breathing problems. Newborn babies who need intensive medical care are often put in a special area of the hospital called the neonatal intensive care unit (NICU). This unit has advanced technology and trained healthcare professionals to give special care for the tiniest patients. It may also care areas for babies who are not as sick but do need specialized nursing care. Generally born before 37 weeks of pregnancy, most of the infants admitted to the NICU have low birth weight, are preterm or suffer from a health condition that needs special care.
Global Neonatal Intensive Care market report is segmented on the basis of product type, end-user and region& country level. Based upon product, neonatal intensive care market is divided into thermoregulation devices, phototherapy devices, monitoring systems, neonatal hearing screening, neonatal infant resuscitator devices, vision screening and others. Based upon end-use, the market is divided into hospitals, nursing homes and pediatric& neonatal clinics.
The regions covered in this Neonatal Intensive Care market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Neonatal Intensive Care sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Global Neonatal Intensive Care report covers prominent Becton, Dickinson and Company (BD), R. Bard, Philips, Teleflex Incorporated,Utah Medical, Cook Medical, Medtronic, Braun Melsungen AG, AngioDynamics, Inc., Vygon (UK) Ltd.and others.
January 28th, 2019; GE Healthcare, launched for the first time in the Middle East its Lullaby Incubator XP and Lullaby Incubator TR. These new incubators provide for the management of thermally sensitive infants in Neonatal Intensive Care Units (NICU) and during transport. Both Lullaby XP and TR, designed and developed at GE's R&D Center in Turkey, are part of a MIC program to make high end technology more affordable, reliable and more accessible to larger segments of society. GE Healthcare plans to export the incubator systems across the Middle East as well as to Europe, Latin America and Asia Pacific.
Rising incidence of preterm births, healthcare-associated infections, increase in the number of neonatal intensive care units in community hospitals andgrowing prevalence of chronic diseases among the newborn babies are some of the major factors driving the growth of global neonatal intensive care market. For example, every year, an approximately 15 million babies are born preterm, and this number is rising. However, lack of awareness and economic constraints in developing countries may hamper the market growth. In spite of that, rising number of infection or disease of premature newborns, increasing healthcare expenditure, rising per capita expenditure and technological advancement can create more opportunities for the further growth of the market.
North America is expected to dominate the global neonatal intensive care market owing to increasing prevalence of congenital disorders in new-born and increasing neonatal population in this region. For example, according to centers for disease control and prevention during 2014–2016, the preterm birth rate rose 3% in the United States, from 9.57% in 2014 to 9.63% in 2015 to 9.85% in 2016. Another example is About 7,000 babies are born with a cleft palate, cleft lip or both each year in the United States. Asia pacific is expected to witness a significant growth in this market within the forecast periodowing to the large number of preterm births which accounted for almost half of the preterm births globally. In addition, increasing awareness among the people in this region and rising support from the government are also supplementing the market growth.
|Historical data||2015 - 2020|
|Forecast Period||2022 - 2028|
|Market Size in 2020:||USD 1.69 Billion|
|Base year considered||2020|
|Forecast Period CAGR %:||
|Market Size Expected in 2027:||USD 2.49 Billion|
|Tables, Charts & Figures:||175|
prominent Becton, Dickinson and Company (BD), R. Bard, Philips, Teleflex Incorporated,Utah Medical, Cook Medical, Medtronic, Braun Melsungen AG, AngioDynamics, Inc., Vygon (UK) Ltd.and others.
By Product Type, By End-Use
|Regional Analysis||North America, U.S., Canada, , Europe, Germany, France, U.K., Italy, Spain, Sweden, Netherland, Turkey, Switzerland, Belgium, Rest of Europe, Asia-Pacific, South Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest Of APAC, Latin America, Mexico, Colombia, Brazil, Argentina, Peru, Rest of South America, Middle East and Africa, Saudi Arabia, UAE, Egypt, South Africa, Rest Of MEA|