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    Neonatal (Preterm) Infant Care Market Report

    Neonatal (Preterm) Infant Care Market Report
    Report code - SR1690 Delivery - 2 Weeks
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    Neonatal (Preterm) Infant Care Market Size, Share, Trend, Forecast, & Industry An See more...

    Market Insights

    What are neonatal infant care?

    Neonatal birth also referred to as preterm birth, is a condition when the baby is born before 37 weeks of gestation. Neonatal care is special care, which is given to the prematurely born baby after the delivery for the first 4 weeks. A prematurely born baby generally has some health issues such as gaining weight, difficulty in breathing, and need intensive medical care, thus are often kept in the neonatal intensive care unit (NICU).

    The Neonatal (Preterm) Infant Care market is projected to grow from USD 2.8 billion in 2020 to USD 4.2 billion by 2026 at a CAGR of over 7.1% during the forecast period.

    Neonatal (Preterm) Infant Care Market - Research Scope

    Base Year of Study

    2020

    Trend Period

    2015-2019

    Forecast Period

    2021-2026

    Market Size in 2020

    USD 2.8 billion

    Market Size in 2026

    USD 4.2 billion

    Market Growth (2021-2026)

    7.1% CAGR

     

    Figure: Neonatal (Preterm) Infant Care Market Size, 2020-2026 (USD Billion)

    Neonatal-(Preterm)-Infant-Care-Market-Forecast

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    Market Drivers

    A rise in the number of neonatal healthcare facilities around the world coupled with the surge in the number of premature newborns in both the developed and developing countries across the globe is expected to augment the market growth. Around 11% of the overall pregnancies lead to premature or early deliveries. In the U.S. alone, approximately 450,000 babies are born prematurely and worldwide more than 15 million new births are premature, thus bolstering the need for neonatal infant care facilities. However, poor accessibility towards neonatal infant care in the low-income and lower-middle countries.

    COVID-19 impact in the Neonatal (Preterm) Infant Care market

    The COVID-19 pandemic has moderately affected the Neonatal (Preterm) Infant Care industry. The rapid spread of COVID-19 has led to several thousands of hospital admissions, thus providing demand for medical equipment in facilities. The newborns and pediatrics are at high risk of COVID-19 infection as they have underdeveloped immune systems.

    Segments' Analysis

    Product Trends

    Based on product, the neonatal (preterm) infant care market has been classified into thermoregulation devices, phototherapy devices, monitoring systems, neonatal hearing screening, neonatal infant resuscitator devices, vision screening, and others. Under these, the thermoregulation devices segment held the largest market share in 2020 and is likely to grow at a considered CAGR during the forecast period. The neonates & pediatricians are highly prone to poor thermoregulation on account of permeable skin, high metabolism rate, immature vasomotor control, intrauterine temperature, hypothalamus, and central nervous system, among others.

    Regional Trends

    By region, the North American market held a significant market share in 2020 and is projected to grow at a healthy CAGR in the coming years. Rising healthcare expenditure, as well as a growing number of product approvals, is likely to boost the market growth in the region. Also, the rising number of infant mortalities in the U.S. further augments the regional market growth.

    Critical Questions Answered in the Report

    This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global neonatal (preterm) infant care market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026. Following are the critical questions answered in the report- 

    • What are the key trends in the neonatal (preterm) infant care market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the neonatal (preterm) infant care market? 
    • What are the key strategies adopted by the major vendors to lead in the neonatal (preterm) infant care market?
    • What is the market share of the top vendors?

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    Key Players

    Key players operating in the neonatal (preterm) infant care market are-

    • GE Healthcare (US)
    • Koninklijke Philips N.V (Netherlands)
    • Medtronic plc (Ireland)
    • Drägerwerk AG & Co. KGaA (Germany)
    • NIHON KOHDEN COPORATION (Japan)
    • Natus Medical Incorporated (US)
    • Fisher & Paykel Healthcare Limited (New Zealand)
    • Masimo Corporation (US)
    • Becton, Dickinson and Company (US)
    • Phoenix Medical Systems (P) Ltd. (India)

    Target Audience

    Here is the list of the group of customers that the neonatal (preterm) infant care market hopes to have the greatest opportunity to convert-

    • Neonatal (Preterm) Infant Care companies
    • Neonatal (Preterm) Infant Care distributors
    • Medical companies
    • Government organizations

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The neonatal (preterm) infant care market is expected to witness an impressive growth of 7.1% CAGR in the coming years.

    GE Healthcare (US), Koninklijke Philips N.V (Netherlands), Medtronic plc (Ireland), Drgerwerk AG & Co. KGaA (Germany), NIHON KOHDEN COPORATION (Japan), Natus Medical Incor-porated (US), Fisher & Paykel Healthcare Limited (New Zealand), Masimo Corporation (US), Bec-ton, Dickinson and Company (US), and Phoenix Medical Systems (P) Ltd. (India) are among the key players in the neonatal (preterm) infant care market.

    The neonatal (preterm) infant care market size is expected to reach USD 4.2 billion in the foreseeable future.

    The thermoregulation devices segment held the largest share in the neonatal (preterm) infant care market in 2020.

    North America is expected to grow at a healthy CAGR in the neonatal (preterm) infant care market in the next five years.

    Neonatal (Preterm) Infant Care companies, Neonatal (Preterm) Infant Care distributors, Medical companies, Government organizations are the target audience in the neonatal (preterm) infant care market.