What is Neonatal Intensive Care Market Scope?
A neonatal intensive care unit is an intensive care unit (ICU) that specializes in caring for sick or premature babies. According to the World Health Organization, premature births are very high. It has been reported that an estimated 15 million premature babies are born each year and that number is increasing. Also, because these newborns have underdeveloped immune systems, they are more prone to chronic diseases and other diseases such as hospital-acquired infections. A newborn incubator is basically an enclosure in which an infant can be kept in a controlled environment for the purpose of observation and care. The device may also include a heater, a fan, a container for water for adding moisture, a control valve through which oxygen can be added, and access ports for care. It is used in premature babies or in some sick full-time babies for observation and treatment in a stabilized environment. It can also be used to assess and treat sick newborns. The newborn intensive care unit is also known as specialized kindergartens. The neonatal intensive care unit for premature babies is a major complication as it is a very sophisticated or advanced unit of healthcare professionals and specialists. All clinics or hospitals or main health centers in industrialized countries (PHC) have their own neonatal ward.
The Neonatal Intensive Care market study is being classified by Type (Infant Warmers, Incubators, Convertible Warmer & Incubators, Neonatal Monitoring Devices, Respiratory Devices, Phototherapy Equipment and Others), by Application (Hospitals, Childcare Clinics and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Neonatal Intensive Care market throughout the predicted period.
B. Braun Melsungen AG (Germany), Becton, Dickinson, and Company (United States), Cook Group (United States), Inspiration Healthcare Group plc (United Kingdom), Digicare Biomedical Technologies Inc. (United States), Medtronic plc (Ireland), Koninklijke Philips N.V (Netherlands), Dragerwerk AG & Co. KGaA (Germany), Phoenix Medical Systems (India), Vygon (UK) Ltd (United Kingdom), Smiths Medical, Inc. (United States) and Teleflex Incorporated (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Masimo Corporation (United States) and Utah Medical Products Inc. (United States).
Analyst at AMA have segmented the market study of Global Neonatal Intensive Care market by Type, Application and Region.
On the basis of geography, the market of Neonatal Intensive Care has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In October 2019, Inspiration Healthcare Group plc announced the launch of the CosyTherm2 controller for neonatal units. The company presented its product range in November 2019 at MEDICA - the world's largest medical trade fair for medical technology - with the aim of strengthening its brand presence on the market. and In April 2019, Dragerwerk AG & Co. KGaA received FDA approval for Seattle Positive Airway Pressure (PAP) and a system for newborns with respiratory distress syndrome.
Influencing Market Trend
- High Birth Rate in Developing Regions
- Increasing Prevalence of Chronic Diseases among the Newborn Babies
- Rising Incidence of Preterm Births
- The Growing Awareness amongst the Physicians and Patients Regarding the Benefits of Neonatal Intensive Care
- Increasing Per Capita Expenditure
- Surging Levels of Investment in Healthcare Infrastructure
- Prevalence of Supportive Government Policies
- Technological Advancements in Neonatal Intensive Care Devices
- Lack of Awareness and Economic Constraints in Developing Countries
- Decreasing Birth Rates in Developed Countries
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Providers of Neonatal Intensive Care, Venture Capitalists and Private Equity Firms and End-Use Industry
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To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.
Frequently Asked Questions (FAQ):
1. At what growth rate would the Neonatal Intensive Care market expands?
The Global Neonatal Intensive Care market is expected to see a growth of % during projected year 2020 to 2026.
2. Who are the prominent players of the Global Neonatal Intensive Care market?
The prominent players of Global Neonatal Intensive Care market are B. Braun Melsungen AG (Germany), Becton, Dickinson, and Company (United States), Cook Group (United States), Inspiration Healthcare Group plc (United Kingdom), Digicare Biomedical Technologies Inc. (United States), Medtronic plc (Ireland), Koninklijke Philips N.V (Netherlands), Dragerwerk AG & Co. KGaA (Germany), Phoenix Medical Systems (India), Vygon (UK) Ltd (United Kingdom), Smiths Medical, Inc. (United States) and Teleflex Incorporated (United States), to name a few.
3. What are the top priorities to focus for Neonatal Intensive Care marketís growth?
In this highly competitive & fast evolving Neonatal Intensive Care industry, the top strategic priorities would remain consistent like innovation, R&D and M&A.