Pune, India -- (SBWire) -- 05/23/2018 --Neonatal (Preterm) Infant Care is an intensive care unit specializing in the care of ill or premature newborn infants. Neonatal refers to the first 28 days of life. 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.
Market Analysis
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.
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This report consists:
- No of pages: 350, No of Figures: 60, No of Tables: 220
Global Neonatal (Preterm) Infant Care Market, By Prenatal and Fetal Equipment (Ultrasound and Ultrasonography Devices, Fetal Dopplers, Fetal Magnetic Resonance Imaging (MRI), Fetal Monitors), By Neonatal Equipment (Infant Warmers & Incubators, Phototherapy Equipment, Neonatal Monitoring Devices and Respiratory Assistance & Monitoring Devices), By Product (Thermoregulation devices, monitoring systems, Hearing Screening Devices and Vision Screening Equipment), By End User (Hospitals, Pediatric and Neonatal Clinics, Nursing Homes), By Region (North America, Latin America, Europe, Asia-Pacific, Middle East, Africa) – Industry Trends and Forecast to 2024
Market Drivers and Restraints:
- 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.
- 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.
- 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.
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Frequently Asked Questions?
- What will the market size be in 2024?
- What are the key factors driving the global market?
- What are the challenges to market growth?
- Who are the key players in the market?
- What are the market opportunities and threats faced by the key players?
- What will be the growth rate in 2024?
- Which strategies are used by top players in the Global Neonatal (Preterm) Infant Care Market?
Competitive Analysis:
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.
Market Segmentation:
The market for Global Neonatal (Preterm) Infant Care Market is segmented into Prenatal and Fetal Equipment, which is bifurcated into Ultrasound and Ultrasonography Devices, Fetal Doppler's, Fetal Magnetic Resonance Imaging and Fetal Monitors.
By Neonatal Equipment,
- Infant Warmers & Incubators,
- Phototherapy Equipment,
- Neonatal Monitoring Devices
- 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.
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Top Competitors of Market:
- 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.,
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