The global Neonatal and Infant Care Equipment market size was valued at US$ 16.7 billion in 2021. Looking ahead, the market is expected to grow at a CAGR of 8.5% between 2022 and 2027.
Premature or early deliveries occur in about 11% of all pregnancies, according to a new data from a research report. Around 450,000 infants are born prematurely in the United States alone, and over 15 million births worldwide occur early or preterm. As a result, newborns that require particular care and attention must frequently be admitted to neonatal healthcare centers that offer cutting-edge medical procedures and highly trained nursing staff. Today's technology and computer intelligence have expanded their assistance to daily caregivers. For better clinical results, a variety of devices, including thermoregulators, monitoring devices such ventilators, blood gas monitoring systems, and others, are designed using the most recent technology.
The rise in the number of premature births worldwide will be a major element driving the expansion of the neonatal infant care market. Complications from preterm delivery are thought to be the leading cause of death in children under the age of five. Neonatal baby care therapies that are technologically advanced and economically viable could prevent the preterm birth problems that cause millions of deaths annually around the globe. The survival rates of preterm infants vary greatly from country to country. Around half of newborns in low-income countries arrive two months early and pass away for lack of access to affordable, basic care. However, in high-income countries, nearly all preterm infants survive. The optimal utilization of neonatal infant care equipment in middle-income nations is leading in an increased healthcare burden among preterm babies. As a result, the market share will increase as the need and demand for newborn baby care increases in middle- and low-income nations.
7 May 2020: Drägerwerk AG & Co. KGaA Unveils Evita And Babylog Ventilators For Efficient And Safe Patient Ventilation --
Evita V600 and V800, and Babylog VN600 and VN800 are Dräger's new devices for the intensive care ventilation of adults to premature babies. For the intensive care and neonatal ventilation devices, Dräger has developed an operating concept that makes orientation even easier and provides clearer user guidance.
Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
By Application, it is segmented into
North America dominated the market in 2021, with a 39.6% share, owing to a high demand for technologically sophisticated devices that ensure better healthcare delivery for babies. The establishment of well-equipped NICU facilities and an increase in the number of FDA approvals for infant care devices are both results of the value-based healthcare strategy. Furthermore, the industry is projected to grow as new, improved devices are introduced and approved in the United States and Canada.
The market in Europe is predicted to develop at an 8.42% CAGR due to an increase in the frequency of acquired illnesses among newborn babies, as well as an increase in the number of hospitals and NICUs. Additionally, a sizable patient base with low birth weight and an uptick in preterm deliveries are expected to drive the European market.
Asia Pacific, on the other hand, is anticipated to have exceptional growth at a CAGR of 7.87 % during the projection period. This can be ascribed to the significant growth in healthcare spending in the area as well as the high number of new births. Additionally, the expansion of government efforts in developing nations like India is helping the industry in the Asia Pacific.
The Neonatal and Infant Care Equipment Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Neonatal and Infant Care Equipment Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 8.5% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | Acutronic, Lowenstein, Hamilton Medical, Atom Medical Corporation, Becton, Dickinson and Company, Dragerwerk AG & Co. KGaA, GE Healthcare, Koninklijke Philips NV, Masimo, Medtronic PLC, Natus Medical Incorporated, Phoenix Medical Systems (P) Ltd, Vyaire Medical, Huntleigh Healthcare Limited, Fisher & Paykel Healthcare Limited., Utah Medical Products, Cardinal Health, Ambu A/S, Inspiration Healthcare Group plc |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 166 |
Customization Available | Yes, the report can be customized as per your needs |
What is the growth rate of Neonatal and Infant Care Equipment Market?
The Neonatal and Infant Care Equipment Market is growing at a CAGR of 8.5% over the next 5 years.
Who are the key players in Neonatal and Infant Care Equipment Market?
Acutronic, Lowenstein, Hamilton Medical, Atom Medical Corporation, Becton, Dickinson and Company, Dragerwerk AG & Co. KGaA, GE Healthcare, Koninklijke Philips NV, Masimo, Medtronic PLC, Natus Medical Incorporated, Phoenix Medical Systems (P) Ltd, Vyaire Medical, Huntleigh Healthcare Limited, Fisher & Paykel Healthcare Limited., Utah Medical Products, Cardinal Health, Ambu A/S, Inspiration Healthcare Group plc
What are the significant types of Neonatal and Infant Care Equipment Market?
Thermoregulation Devices, Phototherapy Devices, Neonatal Monitoring Systems, Respiratory Assistance Devices, Others
What are the major end-use applications of Neonatal and Infant Care Equipment Market?
Hospitals, Pediatric and Neonatal Clinics, Others
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
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MARKET ENGINEERING
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