The "Global Neonatal Critical Care Market By Type, By Region, Industry Analysis and Forecast, 2020 - 2026" report has been added to ResearchAndMarkets.com's offering.
The Global Neonatal Critical Care Equipment Market size is expected to reach $1.2 billion by 2026, rising at a market growth of 12.4% CAGR during the forecast period.
The Neonatal Intensive Care Unit is also known as a specialized nursery. The neonatal intensive care unit is intended for preterm babies or children with high complications, as it is a highly skilled or advanced equipped unit of qualified medical and professional staff. Both clinics or hospitals or primary health centers in developing countries have their in-house neonatal care unit. More neonatal intensive care units are being built in their countries in order to reduce their pre-term mortality levels by governments in Latin America, Asia, and Africa.
Increasing understanding of accessible prenatal and neonatal intensive care facilities and high birth levels in emerging regions is driving the growth of this market. This led to a rise in demand for neonatal intensive care centers. In addition, neonatal hospital-acquired infections such as Central Line-Associated Bloodstream Infections (CLABSI) and health-associated infections are factors that will fuel the growth.
In addition, support for government policies and rapid technological advances in neonatal intensive care is expected to boost market growth. On the other hand, pre-birth expenses are very high owing to the need for technologically advanced surgical devices such as ventilators, radiant heating systems, and incubators for neonatal intensive care units (NICUs) at higher prices, increasing to the overall medical expense. Moreover, the lack of proper diagnosis and declining birth rates in some developed countries are factors that restrict the market growth.
With globally rising infections of COVID-19, the apprehension of the lack of essential life-saving devices and other essential medical supplies to prevent the spread of this pandemic is also widening and providing optimum care for the infected. In addition, until pharmacological treatment is developed, ventilators act as a vital treatment preference for COVID-19 patients who may require critical care. In addition, there is an urgent need for rapid acceleration in the manufacturing process for a wide range of test kits (antibody samples, self-administration, among others).
Based on Type, the market is segmented into Respiratory Equipment, Thermoregulation Equipment, Monitoring Equipment, Phototherapy Equipment, and Others. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
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Key Topics Covered:
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Global Neonatal Critical Care Market by Type
3.1 Global Respiratory Equipment Market by Region
3.2 Global Thermoregulation Equipment Market by Region
3.3 Global Monitoring Equipment Market by Region
3.4 Global Phototherapy Equipment Market by Region
3.5 Global Other Type Market by Region
Chapter 4. Global Neonatal Critical Care Market by Region
4.1 North America Neonatal Critical Care Market
4.2 Europe Neonatal Critical Care Market
4.3 Asia Pacific Neonatal Critical Care Market
4.4 LAMEA Neonatal Critical Care Market
Chapter 5. Company Profiles
5.1 Cardinal Health, Inc.
5.2 General Electric (GE) Co. (GE Healthcare)
5.3 Medtronic PLC
5.4 Ambu A/S
5.5 Becton, Dickinson and Company
5.6 Koninklijke Philips N.V.
5.7 Dragerwerk AG & Co. KGaA
5.8 Utah Medical Products, Inc.
5.9 Natus Medical Incorporated
5.10 Inspiration Healthcare Group PLC
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