Detailed market study on the “Global Neonatal (Preterm) Infant Care Market” Research Report 2018-2024 by Research For Markets begins with a description of the product, definition, scope of product and classification, cost, specifications and Neonatal (Preterm) Infant Care Market outlook. The report analyses the important factors of the Neonatal (Preterm) Infant Care Market based on present industry situations, market demands, business strategies utilized by Geogrids market players, and the future prospects from various angles in detail. The report provides Neonatal (Preterm) Infant Care Market forecastby 2024.
The Global Neonatal (Preterm) Infant Care Market accounted to USD 3,145.2 million by the end of 2024 growing at a CAGR of 8.5% by 2024.
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Top players of Global Neonatal (Preterm) Infant Care Market are
BD, GE, CooperSurgical, Medtronic, Fisher & Paykel Healthcare, FUJIFILM Holdings America Corporation, Getinge, Nonin Medical, Inc., BabyBloom Healthcare BV, Nonin Medical, Inc., MTTS Asia, Fanem and others.
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On the grounds of geography the market covers the 6 major regions, namely
- North America,
- Latin America,
- Middle East and Africa
By Neonatal Equipment,
- Infant Warmers & Incubators,
- Phototherapy Equipment,
- Neonatal Monitoring Devices
- Respiratory Assistance & Monitoring Devices
On the basis of Product the market is categorized in
- Thermoregulation devices,
- Monitoring Systems,
- Hearing Screening Devices and
- Vision Screening Equipment
By End User the market is classified in
- Pediatric and Neonatal Clinics
- Nursing Homes
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Major countries covered in this report are
Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others
The Global Neonatal (Preterm) Infant Care Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this MARKET. The report includes market shares of Global Neonatal (Preterm) Infant Care Marketfor global, Europe, North America, Asia Pacific and South America.
Market Drivers and Restraints:
- Increase in the incidence of premature birth.
- Increasing awareness of prenatal and neonatal care
- Increased demand for prenatal therapeutics, diagnostics, and monitoring devices
- Government co-operation to provide better care for prenatal and neonatal infants
- Advanced techniques.
- Launch of innovative products are some of the drivers for market.
- Lack of technical personnel and availability of substitute technologies.
- High price devices and ventilators, with lack of product differentiation are the factors that hamperthe growth rate.
- Rise in demand of fetal MRI, technological innovations and the high demand for portable and versatile systems are the opportunities for the future market.
- Lack of awareness and economic constraints in developing countries and product recalls are the challenge for the market.
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