Global Neonatal (Preterm) Infant Care Market – Industry Trends and Forecast to 2029

Global Neonatal (Preterm) Infant Care Market Analysis and Size

The market for neonatal (preterm) infant care is estimated to increase rapidly over the forecast period. Hypothermia, low fat and glycogen, and other problems are more likely in preterm babies due to heat loss. According to the World Health Organization (WHO), over 15 million babies are born each year prematurely, with approximately 1 million of them dying as a result of preterm problems. One of the most challenging responsibilities is keeping an eye on newborns. Introducing sophisticated neonatal infant care technology has remained critical in managing neonatal health issues. Neonatal infant care equipment, particularly thermoregulation devices, is in high demand, and manufacturers are investing heavily to meet it. The need for better neonatal care has grown due to advancements and increased awareness of pregnancy problems and maternal-neonatal health.

• Data Bridge Market Research analyses that the neonatal (preterm) infant care market was valued at USD 2.74 billion in 2021 and is expected to reach USD 4.68 billion by 2029, registering a CAGR of 6.90% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Global Neonatal (Preterm) Infant Care Market Definition

Neonatal birth, also known as preterm birth, is a condition in which a baby is born before the 37th week of pregnancy. Neonatal care is the extra care given to a prematurely born baby for the first four weeks after birth. Prematurely born babies are more likely to have health issues, such as trouble gaining weight, breathing difficulties, and the need for extensive medical care. As a result, they're usually kept in a newborn intensive care unit (NICU).

Neonatal (Preterm) Infant Care Market Dynamics

Drivers

• Increasing number of premature births

The rise in the number of premature births around the world will be a major element driving the neonatal (preterm) infant care market forward. Prematurity-related problems are the leading cause of death among children under the age of five. Every year, millions of people die as a result of preterm birth issues that could be avoided with technologically sophisticated and cost-effective neonatal infant care therapies.

• Rising adoption of thermoregulation devices

The rising adoption of thermoregulation devices is driving the global neonatal (preterm) infant care market. When it comes to unwell neonates and infants, thermoregulation is a key function that must be performed. Neonatal hypothermia raises the likelihood and danger of morbidity and mortality. High metabolism, porous skin, intrauterine temperature, immature vasomotor control, hypothalamus, and central nervous system, among other variables, make neonates and children more susceptible to poor thermoregulation.

Furthermore, the rising number of installations for NICU units will act as a major factor influencing the growth of neonatal (preterm) infant care market. Along with this, increase in the number of government to spread awareness, and rising development of paediatric clinics are the driving factors accelerating the growth of the neonatal (preterm) infant care market. Also, the rise in prevalence of neonatal jaundice and increasing expenditure on healthcare infrastructure are the major market drivers that will further escalate the growth of neonatal (preterm) infant care market.

Opportunities

• Growing number of R&D activities

Moreover, the rising number of research and development activities will provide beneficial opportunities for growth in the neonatal (preterm) infant care market.

Moreover, rise in the adoption of advancement technologies and increasing number of emerging markets will further provide beneficial opportunities for the neonatal (preterm) infant care market growth during the forecast period.

Restraints/Challenges Global Neonatal (Preterm) Infant Care Market

However, poor accessibility for neonatal care will impede the neonatal (preterm) infant care market's growth rate. Along with this, adverse reimbursement scenario will act as major market restrain and hamper the market's growth rate.

On the other hand, the dearth of skilled and technical products will challenge the neonatal (preterm) infant care market. Additionally, emergence of unfavorable conditions due to COVID-19 outbreak and lack of awareness will act as restrain and further impede the growth rate of market during the forecast period of 2022-2029.

This neonatal (preterm) infant 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 localized 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 the neonatal (preterm) infant 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.

COVID-19 Impact on Neonatal (Preterm) Infant Care Market

The ongoing COVID-19 pandemic had an impact on the neonatal baby care sector. Millions of people, including adults, children, and newborns, have been afflicted by the pandemic around the world. COVID-19's rapid growth has resulted in thousands of hospital admissions, creating a demand for medical equipment in healthcare institutions. COVID-19 infection is more likely to affect newborns and children since their immune systems are still developing. As a result, various government agencies have set specialized testing norms and standards and effective diagnostic processes for newborns and children. This has resulted in the demand for diagnostic and monitoring equipment for neonatal care around the world during a pandemic.

Recent Development

• In May 2020, Drägerwerk AG & Co. KGaA had launched the Babylog VN600 and VN800 ventilators designed for premature babies. With the increase of the company's product line, this product launch will assist the company in increasing its consumer base.

Global Neonatal (Preterm) Infant Care Market Scope

The neonatal (preterm) infant care market is segmented on the basis of prenatal and fetal equipment, product, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Prenatal and Fetal Equipment

• Ultrasound and Ultrasonography Devices
• Fetal Doppler's
• Fetal Magnetic Resonance Imaging (MRI)
• Fetal Monitors

On the basis of prenatal and fetal equipment, the neonatal (preterm) infant care market is segmented into ultrasound and ultrasonography devices, neonatal equipment, fetal doppler's, fetal magnetic resonance imaging (MRI), and fetal monitors.

Neonatal Equipment

• Infant Warmers and Incubators
• Phototherapy Equipment
• Neonatal Monitoring Devices and Respiratory Assistance
• Monitoring Devices

On the basis of neonatal equipment, the neonatal (preterm) infant care market is segmented into infant warmers and incubators, phototherapy equipment, neonatal monitoring devices, and respiratory assistance and monitoring devices.

Product

• Delivery Systems
• Bili Lights
• Respiratory Assistance Devices
• Thermal Control Equipment's
• Monitoring Devices
• Diagnostic Equipment
• Pre Term Infant Formula

On the basis of product, the neonatal (preterm) infant care market is segmented into delivery systems, bili lights, respiratory assistance devices, thermal control equipment's, monitoring devices, diagnostic equipment, and pre term infant formula.

Application

• Thermoregulation Devices
• Monitoring Systems
• Hearing Screening Devices
• Vision Screening Equipment

On the basis of application, the neonatal (preterm) infant care market is segmented into thermoregulation devices, monitoring systems, hearing screening devices, and vision screening equipment.

End Users

• Hospital
• Pediatric and Neonatal Clinics
• Nursing Homes

On the basis of end-user, the neonatal (preterm) infant care market is segmented into hospital, pediatric and neonatal clinics, and nursing homes.

Neonatal (Preterm) Infant Care Market Regional Analysis/Insights

The neonatal (preterm) infant care market is analysed and market size insights and trends are provided by country, prenatal and fetal equipment, product, application and end-user as referenced above.

The countries covered in the neonatal (preterm) infant 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 (preterm) infant care market because of the presence of major key players in this region. Additionally, increasing level of expenditure for healthcare infrastructure will flourish the market's growth rate in this region. 

Asia-Pacific is expected to grow during the forecast period due to the highly suitable countries with respect to infant healthcare in this region. Along with this, rising adoption of advanced healthcare and increasing healthcare expenditure will flourish the market's growth rate in this region.

The country section of the 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 like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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

The neonatal (preterm) infant care market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for neonatal (preterm) infant care market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the neonatal (preterm) infant care market. The data is available for historic period 2010-2020.

Competitive Landscape and Neonatal (Preterm) Infant Care Market Share Analysis

The Neonatal (preterm) infant 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 (preterm) infant care market.

Some of the major players operating in the neonatal (preterm) infant care market Koninklijke Philips N.V. (Netherlands), Siemens Healthcare GmbH (Germany), Medtronic (Ireland), Abbott (US), BD (US), General Electric (US), FUJIFILM Holdings Corporation (Japan), CooperSurgical, Inc. (US), Fisher & Paykel Healthcare Limited (New Zealand), Nonin (US), Getinge AB (Sweden), Dragerwerk AG & Co. KGaA (Germany), Natus Medical Incorporated (US), miracradle (India), Inspiration Healthcare Group plc (UK), Analogic Corporation (US), Atom Medical Corp. (Japan), Hamilton Medical (Switzerland), Mead Johnson & Company, LLC (US), Medela AG (Switzerland), and NIHON KOHDEN COPORATION (Japan), among others.

Research Methodology : Global Neonatal (Preterm) Infant Care Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed 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 can drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-neonatal-preterm-infant-care-market

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