Market Analysis: Global Neonatal (Preterm) Infant Care Market
The Global Neonatal (Preterm) Infant Care Market accounted to USD 3,145.2 million by the end of 2024 growing at a CAGR of 8.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Market Definition: Global Neonatal (Preterm) Infant Care Market
The newborns, which are birth prematurely, are known as Neonatal. In such cases, babies require special assistance and monitoring due to critical medical conditions. In order to ensure the proper care and treatment for healthy development, the infants are kept in special wards, referred as neonatal care unit. Neonatal equipment comprises devices and equipment used in a neonatal intensive care unit (NICU), pediatric intensive care unit (PICU), for neonatal care such as respiratory assistance, monitoring, thermoregulation, and others.
Major market drivers and restraints: Global Neonatal (Preterm) Infant Care Market
- Increase in the incidence of premature birth.
- Increasing awareness of prenatal and neonatal care
- Increased demand for prenatal therapeutics, diagnostics, and monitoring devices
- Government co-operation to provide better care for prenatal and neonatal infants
- Advanced techniques.
- Launch of innovative products are some of the drivers for market.
- Lack of technical personnel and availability of substitute technologies.
- High price devices and ventilators, with lack of product differentiation are the factors that hamperthe growth rate.
- Rise in demand of fetal MRI, technological innovations and the high demand for portable and versatile systems are the opportunities for the future market.
- Lack of awareness and economic constraints in developing countries and product recalls are the challenge for the market.
Market Segmentation: Global Neonatal (Preterm) Infant Care Market
The market for Global Neonatal (Preterm) Infant Care Marketis segmented into Prenatal and Fetal Equipment, which is bifurcated into Ultrasound and Ultrasonography Devices, Fetal Dopplers, Fetal Magnetic Resonance Imaging and Fetal Monitors.
By Neonatal Equipment, which is classified in Infant Warmers & Incubators, Phototherapy Equipment, Neonatal Monitoring Devices and Respiratory Assistance & Monitoring Devices?
On the basis of Product the market is categorized in Thermoregulation devices, Monitoring Systems, Hearing Screening Devices and Vision Screening Equipment.
By End User the market is classified in Hospitals, Pediatric and Neonatal Clinics, Nursing Homes.
On the grounds of geography the market covers the 6 major regions, namely North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. There are many major countries which share the highest part to the market, such as U.S., Canada, Mexico, France, UK, Germany, Spain, Portugal, Scandinavia, Russia, and Italy, India, China, Japan, South Korea, Australia, New Zealand, Brazil, Colombia and Argentina amongst others.
Competitive Analysis: Global Neonatal (Preterm) Infant Care Market
The Global Neonatal (Preterm) Infant Care Marketis highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this MARKET. The report includes market shares of Global Neonatal (Preterm) Infant Care Marketfor global, Europe, North America, Asia Pacific and South America.
Major Market Competitors: Global Neonatal (Preterm) Infant Care Market
Some of the major players operating in cancer supportive care products marketBD, Cooper Surgical, Inc., Medtronic, , Fisher & Paykel Healthcare Limited, FUJIFILM Holdings Corporation., Getinge AB, Nonin Medical, Inc., General Electric Company, Koninklijke Philips N.V., Drägerwerk AG & Co. KGaA, Natus Medical Incorporated, , PLUSS Advanced Technologies, BabyBloom Healthcare , Novos, MTTS, Inspiration Healthcare Group plc., and Fanemamong 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 forecasted 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 drop down your inquiry.
Demand Side Primary Contributors: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.