The neonatal infant care global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Neonatal Infant Care Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The neonatal infant care market size has grown strongly in recent years. It will grow from $2.89 billion in 2023 to $3.13 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to improved preterm birth survival rates, focus on neonatal nutrition, maternal and infant healthcare programs, increased awareness about neonatal care, patient rehabilitation and functional restoration.
The neonatal infant care market size is expected to see strong growth in the next few years. It will grow to $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. Major trends in the forecast period include technological advancements in neonatal equipment, increased focus on developmentally supportive care, home-based neonatal care solutions, advancements in neonatal imaging, sustainable and eco-friendly neonatal products.
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Scope Of Neonatal Infant Care Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Neonatal Infant Care Market Overview
Market Drivers –
The rise in the number of premature new born babies is driving the growth of the neonatal infant care market. Premature birth refers to the birth of a child before the completion of 37 weeks of pregnancy. Neonatal infant care is required for premature and sick babies with medical conditions as it provides safe and suitable conditions for the growth of the new born baby. For instance, in January,2023, according to the Centers for Disease Control and Prevention (CDC), a US-based national public health agency, the preterm birth rate increased from 4% to 10.49% in 2021.Therefore, the increasing number of premature births is driving the growth of the neonatal infant care market.
Market Trends –
Technological advancements are a key trend gaining popularity in the neonatal infant care market. Major companies in the neonatal infant care market are focused on launching new technologies to sustain their position and meet consumer demand. For instance, in May 2022, Max Ventilator, an India-based manufacturer of medical devices, launched an innovative multifunctional ventilator for neonatal and adult care. The new product is functioning on non-invasive technology and has multifunctional capabilities. It can be used for non-invasive ventilation and can be used to provide oxygen therapy as well.
The neonatal infant care market covered in this report is 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
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Regional Insights –
North America was the largest region in the neonatal infant care market share in 2023. The regions covered in the neonatal infant care market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the neonatal infant care market report are 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
Table of Contents
1. Executive Summary
2. Neonatal Infant Care Market Report Structure
3. Neonatal Infant Care Market Trends And Strategies
4. Neonatal Infant Care Market – Macro Economic Scenario
5. Neonatal Infant Care Market Size And Growth
…..
27. Neonatal Infant Care Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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