The Business Research Company’s Neonatal Infant Care Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Neonatal Infant Care Global Market Report 2023 evaluates neonatal infant care market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global neonatal infant care market size is expected to grow from $2.67 billion in 2022 to $2.91 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global neonatal infant care market is expected to grow to $3.92 billion in 2027 at a CAGR of 7.8%.
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, according to the Centers for Disease Control and Prevention (CDC), a US-based national public health agency, the preterm birth rate increased from 10.09 in 2020 to 10.48 in 2021. Additionally, according to Tommy’s, a UK-based charity organization carrying out research on the causes of miscarriage, stillbirth, and premature birth, live births where the gestational period was under 24 weeks was 0.15% in 2019. About 8% of births in the UK were preterm in 2019, which was around 60,000 babies each year. Therefore, the increasing number of premature births is driving the growth of the neonatal infant care market.
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The neonatal infant care market segments in the report are:
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
The table of contents in TBRC’s neonatal infant care market report includes:
- Executive Summary
- Neonatal Infant Care Market Characteristics
- Neonatal Infant Care Market Trends And Strategies
- Neonatal Infant Care Market – Macro Economic Scenario
- Neonatal Infant Care Market Size And Growth
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- Africa Neonatal Infant Care Market
- Neonatal Infant Care Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Neonatal Infant Care Market
- Neonatal Infant Care Market Future Outlook and Potential Analysis
- Appendix
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