Global Neonatal Intensive Care Market, By Type (Peripheral Catheters, Central Catheters, Introducers and Accessories), Product (Infant Warmers, Incubators, Respiratory Devices, Neonatal Monitoring Devices, Convertible Warmer and Incubators, Phototherapy Equipment, Catheters, Others), Application (Medication Administration, Transfusion of Blood, Diagnostic Testing, Feeding), End User (Hospitals, Clinics, Ambulatory Surgical Centers), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Neonatal Intensive Care Market
Neonatal intensive care market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to USD 9,572.22 million by 2028 growing at a CAGR of 5.02% in the above-mentioned forecast period. The growing awareness amongst the physicians and patients regarding the benefits of neonatal intensive care which will further create lucrative opportunities for the growth of the market.
Neonatal intensive care unit is also known as specialized nurseries. There is a great complication in the neonatal intensive care unit for premature babies as it is a very sophisticated or advanced fitted unit of expert medical staff and specialists. All of the developed nations' clinics or hospitals or main health centres (PHC) have their own in-house neonatal care unit.
Surging volume of patients suffering from chronic disorders among the newborn babies across the globe, rising incidence of preterm births, growing awareness levels about accessible prenatal and neonatal intensive care equipment, high birth rate in developing regions, prevalence of supportive government policies are some of the major as well as vital factors which will likely to augment the growth of the neonatal intensive care market in the projected timeframe of 2021-2028. On the other hand, growing number of technological advancements in neonatal intensive care devices, increasing per capita expenditure along with surging levels of investment in healthcare infrastructure which will further contribute by generating massive opportunities that will lead to the growth of the neonatal intensive care market in the above mentioned projected timeframe.
Lack of awareness and economic constraints in developing countries along with decreasing birth rates in developed countries which will likely to act as market restraint factor for the growth of the neonatal intensive care in the above mentioned projected timeframe. Lack of regulatory approval and respiratory device which will become the biggest and foremost challenge for the growth of the market.
This neonatal intensive care market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on neonatal intensive care market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Neonatal Intensive Care Market Scope and Market Size
Neonatal intensive care market is segmented on the basis of product, type, application and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on product, the neonatal intensive care market is segmented into infant warmers, incubators, respiratory devices, neonatal monitoring devices, convertible warmer and incubators, phototherapy equipment, catheters, and others. Infant warmers have been further segmented into electric infant warmers, and non-electric infant warmers. Respiratory devices have been further segmented into neonatal ventilators, transcutaneous oxygen/carbon dioxide monitor, resuscitators, and others. Neonatal monitoring devices have been further segmented into cardiopulmonary monitor, blood pressure monitor, pulse oximeter, capnographs, and others.
- Neonatal intensive care market has also been segmented based on the end user into hospitals, clinics, and ambulatory surgical centers.
- Based on type, the neonatal intensive care market is segmented into peripheral catheters, central catheters, and introducers and accessories. Peripheral catheters have been further segmented into peripheral intravenous catheters (PIVC), and midline catheters (extended dwell). Central catheters have been further segmented into peripherally inserted central catheters (PICC), central venous catheters (CVC), implantable ports, and umbilical catheters. Introducers and accessories have been further segmented into subcutaneous, and intravenous.
- On the basis of application, the neonatal intensive care market is segmented into medication administration, transfusion of blood, diagnostic testing, and feeding.
Neonatal Intensive Care Market Country Level Analysis
Neonatal intensive care market is analysed and market size insights and trends are provided by country, product, type, application and end user as referenced above.
The countries covered in the neonatal intensive care market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the neonatal intensive care market due to the rising prevalence of congenital disorders in new-born, increasing neonatal population and government support in the region, while Europe is expected to grow at the highest growth rate in the forecast period of 2021 to 2028 due to the presence of a well-established healthcare system and increase in insurance coverage for pets in the region.
The country section of the neonatal intensive care market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Neonatal intensive care market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for neonatal intensive care market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the neonatal intensive care market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Neonatal Intensive Care Market Share Analysis
Neonatal intensive care market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to neonatal intensive care market.
The major players covered in the neonatal intensive care market report are B. Braun Melsungen AG; BD; Cook; Digicare Biomedical; Medtronic; Koninklijke Philips N.V.; Phoenix Medical Systems (P) Ltd; Smiths Group PLC; Teleflex Incorporated.; Utah Medical Products, Inc.; AngioDynamics.; VYGON (UK) LTD; Fisher & Paykel Healthcare Limited; Masimo.; General Electric Company; Inspiration Healthcare Group plc; Drägerwerk AG & Co. KGaA; nice Neotech Medical Systems Pvt. Ltd.; LYNOR HEALTHCARE PVT. LTD.; Ibis Medical; among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
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