The Business Research Company's Neonatal Infant Care Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
What Is The Estimated Market Size Of The Global Neonatal Infant Care Market And Its Annual Growth Rate?
The neonatal infant care market is projected to continue its strong growth, reaching $4.28 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to personalized neonatal medicine, development of neonatal vaccines, neonatal telehealth services, focus on neuroprotection in neonates, genetic screening for neonatal disorders.
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Growth Driver Of The Neonatal Infant Care Market
The rise in infant mortalities is expected to propel the growth of the neonatal infant care market going forward. Infant mortality refers to the death of infants who are under the age of one year, and it is an important public health statistic that reflects the overall health and well-being of a population. Neonatal infant care is used to prevent infant mortalities with neonatal intensive care units (NICUs), as they provide specialized care and support for premature infants, helping them survive and thrive.
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Which Market Players Are Steering The Neonatal Infant Care Market Growth?
Key players in the market include Atom Medical Corp., Drägerwerk AG & Co. KGaA, Fisher & Paykel Healthcare Limited, GE Healthcare Technologies Inc., Ibis medical equipment and systems Pvt. Ltd., Medtronic plc, Natus Medical Incorporated, International Biomedical Ltd., Koninklijke Philips NV, Weyer GmbH, Inspiration Healthcare Group plc, Masimo Corp., CooperSurgical Inc., Abbott Laboratories, Edan Instruments Inc., Medela AG, Nihon Kohden Corporation, Getinge AB, Nice Neotech Medical Systems Pvt. Ltd., Becton, Dickinson and Company, Hill-Rom Holdings Inc., Edwards Lifesciences Corporation, Cardinal Health Inc., Smiths Medical International Ltd., Hamilton Medical AG, Vyaire Medical Inc., ResMed Inc., Air Liquide Medical Systems Pvt. Ltd., Draeger Medical Systems Inc., Thermo Fisher Scientific Inc., PerkinElmer Inc., Agilent Technologies Inc., Bio-Rad Laboratories Inc., Illumina Inc., Qiagen N.V., Roche Diagnostics International Ltd., Siemens Healthineers AG, Beckman Coulter Inc., BioMérieux SA, Cepheid Inc., Hologic Inc., Luminex Corporation, Meridian Bioscience Inc., Quidel Corporation, Danaher Corporation, B. Braun Melsungen AG.
What Are The Key Trends That Influence Neonatal Infant Care Market Share And Analysis?
Major companies operating in the neonatal infant care market are focusing on innovating products to provide a competitive edge in the market. Innovative neonatal infant care products incorporate cutting-edge technologies to enhance medical monitoring, promote developmental support, and ensure optimal well-being for newborns.
How Is The Global Neonatal Infant Care Market Segmented?
1) By Product Type: Thermoregulation Devices, Phototherapy Devices, Monitoring Systems, Neonatal Hearing Screening, Neonatal Infant Resuscitator Devices, Vision Screening, Others Products
2) By Prenatal and Fetal Equipment: Ultrasound and Ultrasonography Devices, Fetal Doppler's, Fetal Magnetic Resonance Imaging (MRI), Fetal Monitors
3) By Neonatal Equipment: Infant Warmers and Incubators, Phototherapy Equipment, Neonatal Monitoring Devices and Respiratory Assistance, Monitoring Devices
4) By End-User: Hospitals, Nursing Homes, Pediatric and Neonatal Clinics
Geographical Insights: North America Leading The Neonatal Infant Care Market
North America was the largest region in the market in 2023. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Neonatal Infant Care Market Definition
Neonatal infant care is the care or medical assistance given to an infant from the moment it is born until the first month. The care is given to babies who are born prematurely or who are unwell require medical assistance and special care since they have inadequate immunity and organ systems that are not matured enough to survive on their own. Neonatal infant care is used for providing necessary care to infants who are born premature or have a medical condition that needs intensive medical care.
Neonatal Infant Care Global Market Report 2024 from The Business Research Company covers the following information:
• Market size data for the forecast period: Historical and Future
•Macroeconomic factors affecting the market in the short and long run
•Analysis of the macro and micro economic factors that have affected the market in the past five years
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global neonatal infant care market report covering trends, opportunities, strategies, and more
The Neonatal Infant Care Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on neonatal infant care market size, neonatal infant care market drivers and trends, neonatal infant care market major players and neonatal infant care market growth across geographies. This report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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