Published on : Jan 30, 2018
Albany, New York, January 30, 2018: As the name suggests, neonatal care is the process in which newly born babies require special assistance and/or monitoring due to medical conditions such as low birth weight and premature birth. Presently, the growing occurrence of premature births is a key factor which is creating demand for proper care for neonatal in the world, thus propelling neonatal intensive care market growth. Market Research Hub (MRH) has freshly publicized a new study titled “Neonatal Intensive Care Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025” to its massive online database, which accurately predicts the future of the market and also gives an impression of the present market situation. According to the report key findings, the global neonatal intensive care market to expand at a CAGR of 5.5% during the forecast period of 2017-2025. In 2017, the market had been valued at a US$5.9 bn. By 2025, it could attain a valuation of US$9.0 bn.
This 227-page in-depth report reveals insight into the crucial aspects of the global neonatal intensive care market based on growth patterns, important segments, competitive landscape and factors fueling the growth of the global market. Also, the market has been segmented into six regions: North America, Latin America, Europe, Asia Pacific and MEA. For each regional segment, the market size for future years has been analyzed which is based on revenue and market development between 2017 and 2026.
Moreover, the market has been analyzed on the basis of segments such as product type, End-user and regions. The final section of the report deals with the competitive landscape which highlights the key players that are operating in the neonatal intensive care market along with details such as business positioning, financial standing, and SWOTs.
Key Facts Analyzed in the Study
Newborn babies with medical disorders such as heart problems, infections or birth defects are also be concerned in the NICU. The report finds that the growing number of applications of neonatal medical care equipment and devices has been envisioned to augment the demand for neonatal intensive care. Some of the significant applications include thermoregulation, monitoring, and respiratory assistant.
From a geographical standpoint, emerging regions such as the Asia Pacific and the Middle East and Africa undergoing a rising outbreak and incidence of epidemics causing gestation problems such as preterm birth have been forecast to offer scores of opportunities in the worldwide neonatal intensive care market. The report also adds that North America could take the driver’s seat in the market with a US$3.3 bn expected to be earned by 2026. The growth in North America could also be qualified to the rise in government funding and improving responsiveness about childcare.
On the basis of product type segmentation, the world neonatal intensive care market could be classified into catheters, phototherapy equipment, respiratory devices, neonatal monitoring devices, convertible warmers and incubators, incubators, and infant warmers. According to market research experts, the respiratory devices segment could continue its lead grasped in 2016 until the end of the forecast period. Companies profiled in the neonatal intensive care market report are Cook Medical, Becton, Vygon (UK) Ltd., Teleflex Incorporated, Dickinson and Company, AngioDynamics, Inc., Utah Medical Products Inc., B. Braun Melsungen AG, C. R. Bard, Inc., Medtronic plc., and Smiths Group plc.
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