The global neonatal intensive care market is projected to expand at a respectable CAGR of 5.50% over the period between 2017 and 2025. Furthermore, the global market is expected to stand at a net worth of US$9.0 bn by the end of 2025 as against a value of US$5.9 bn in 2017. Based on geography, the global market for neonatal intensive care is expected to be led by North America.
Rising Incidence of Disorders and Diseases in New-borns to Drive Demand
The field of neonatal care has been making key advancements in recent times as the need for better care of new-borns has increased. The number of new-born kids who suffer from several kinds of diseases and disorders has also increased in recent times, and this has pushed demand within the global market for neonatal intensive care. Furthermore, the medical practitioners, doctors, and specialists have been focusing on the need for better neonatal care in order to ensure that the child is prevented from acquiring infection or diseases. This has given an impetus to the growth of the global market for neonatal intensive care. The government has also been pressing hospitals and healthcare centers to ensure proper treatment of infants and protecting them from hospital-acquired infections.
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Respiratory Devices to Emerge as Leading Segment
Based on the type of products, respiratory devices have clocked in the highest demand in recent times. Several new born babies are seen to suffer from respiratory problems during their initial days due to a variety of reasons. It is also true that the demand for respiratory devices in neonatal intensive care has escalated due to the need for respiratory aids in women.
The review is based on TMR’s report titled “Neonatal Intensive Care Market (By Product Type: Infant Warmers, Incubators, Convertible Warmer & Incubators, Neonatal Monitoring Devices, Respiratory Devices, Phototherapy Equipment, Catheters and others; By End-User: Hospitals, Childcare Clinics and Others) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025”.
The global neonatal intensive care market has been segmented as presented below:
Global Neonatal Intensive Care Market by Product
- Infant Warmers
- Electric Infant Warmers
- Non-electric Infant Warmers
- Incubators
- Convertible Warmers and Incubators
- Neonatal Monitoring Devices
- Cardiopulmonary Monitors
- Blood Pressure Monitors
- Pulse Oximeters
- Capnographs
- Respiratory Devices
- Neonatal Ventilators
- Transcutaneous Oxygen/Carbon Dioxide Monitors
- Resuscitators
- Phototherapy Equipment
- Catheters
Global Neonatal Intensive Care Market by End User
- Hospitals
- Childcare Clinics
Global Neonatal Intensive Care Market by Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Spain
- France
- Italy
- Rest of Europe
- Asia Pacific (APAC)
- China
- India
- Japan
- Australia and New Zealand
- Rest of APAC
- Latin America (LATAM)
- Brazil
- Mexico
- Rest of LATAM
- Middle East and Africa (MEA)
- GCC Countries
- South Africa
- Israel
- Rest of MEA