Data Bridge Market Research analyses that the neonatal (preterm) infant care market was valued at USD 2.74 billion in 2021 and is expected to reach USD 4.68 billion by 2029, registering a CAGR of 6.90% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Some of the major players operating in the neonatal (preterm) infant care market Koninklijke Philips N.V. (Netherlands), Siemens Healthcare GmbH (Germany), Medtronic (Ireland), Abbott (US), BD (US), General Electric (US), FUJIFILM Holdings Corporation (Japan), CooperSurgical, Inc. (US), Fisher & Paykel Healthcare Limited (New Zealand), Nonin (US), Getinge AB (Sweden), Dragerwerk AG & Co. KGaA (Germany), Natus Medical Incorporated (US), miracradle (India), Inspiration Healthcare Group plc (UK), Analogic Corporation (US), Atom Medical Corp. (Japan), Hamilton Medical (Switzerland), Mead Johnson & Company, LLC (US), Medela AG (Switzerland), and NIHON KOHDEN COPORATION (Japan), among others.
The market for neonatal (preterm) infant care is estimated to increase rapidly over the forecast period. Hypothermia, low fat and glycogen, and other problems are more likely in preterm babies due to heat loss. According to the World Health Organization (WHO), over 15 million babies are born each year prematurely, with approximately 1 million of them dying as a result of preterm problems. One of the most challenging responsibilities is keeping an eye on newborns. Introducing sophisticated neonatal infant care technology has remained critical in managing neonatal health issues. Neonatal infant care equipment, particularly thermoregulation devices, is in high demand, and manufacturers are investing heavily to meet it. The need for better neonatal care has grown due to advancements and increased awareness of pregnancy problems and maternal-neonatal health.
Neonatal birth, also known as preterm birth, is a condition in which a baby is born before the 37th week of pregnancy. Neonatal care is the extra care given to a prematurely born baby for the first four weeks after birth. Prematurely born babies are more likely to have health issues, such as trouble gaining weight, breathing difficulties, and the need for extensive medical care. As a result, they’re usually kept in a newborn intensive care unit (NICU).
Global Neonatal (Preterm) Infant Care Market Scope
The neonatal (preterm) infant care market is segmented on the basis of prenatal and fetal equipment, product, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Prenatal and Fetal Equipment
Ultrasound and Ultrasonography Devices
Fetal Magnetic Resonance Imaging (MRI)
On the basis of prenatal and fetal equipment, the neonatal (preterm) infant care market is segmented into ultrasound and ultrasonography devices, neonatal equipment, fetal doppler’s, fetal magnetic resonance imaging (MRI), and fetal monitors.
Infant Warmers and Incubators
Neonatal Monitoring Devices and Respiratory Assistance
On the basis of neonatal equipment, the neonatal (preterm) infant care market is segmented into infant warmers and incubators, phototherapy equipment, neonatal monitoring devices, and respiratory assistance and monitoring devices.
Respiratory Assistance Devices
Thermal Control Equipment’s
Pre Term Infant Formula
On the basis of product, the neonatal (preterm) infant care market is segmented into delivery systems, bili lights, respiratory assistance devices, thermal control equipment’s, monitoring devices, diagnostic equipment, and pre term infant formula.
Hearing Screening Devices
Vision Screening Equipment
On the basis of application, the neonatal (preterm) infant care market is segmented into thermoregulation devices, monitoring systems, hearing screening devices, and vision screening equipment.
Pediatric and Neonatal Clinics
On the basis of end-user, the neonatal (preterm) infant care market is segmented into hospital, pediatric and neonatal clinics, and nursing homes.
Neonatal (Preterm) Infant Care Market Dynamics
Increasing number of premature births
The rise in the number of premature births around the world will be a major element driving the neonatal (preterm) infant care market forward. Prematurity-related problems are the leading cause of death among children under the age of five. Every year, millions of people die as a result of preterm birth issues that could be avoided with technologically sophisticated and cost-effective neonatal infant care therapies.
Rising adoption of thermoregulation devices
The rising adoption of thermoregulation devices is driving the global neonatal (preterm) infant care market. When it comes to unwell neonates and infants, thermoregulation is a key function that must be performed. Neonatal hypothermia raises the likelihood and danger of morbidity and mortality. High metabolism, porous skin, intrauterine temperature, immature vasomotor control, hypothalamus, and central nervous system, among other variables, make neonates and children more susceptible to poor thermoregulation.
Furthermore, the rising number of installations for NICU units will act as a major factor influencing the growth of neonatal (preterm) infant care market. Along with this, increase in the number of government to spread awareness, and rising development of paediatric clinics are the driving factors accelerating the growth of the neonatal (preterm) infant care market. Also, the rise in prevalence of neonatal jaundice and increasing expenditure on healthcare infrastructure are the major market drivers that will further escalate the growth of neonatal (preterm) infant care market.
Growing number of R&D activities
Moreover, the rising number of research and development activities will provide beneficial opportunities for growth in the neonatal (preterm) infant care market.
Moreover, rise in the adoption of advancement technologies and increasing number of emerging markets will further provide beneficial opportunities for the neonatal (preterm) infant care market growth during the forecast period.
Restraints/Challenges Global Neonatal (Preterm) Infant Care Market
However, poor accessibility for neonatal care will impede the neonatal (preterm) infant care market’s growth rate. Along with this, adverse reimbursement scenario will act as major market restrain and hamper the market’s growth rate.
On the other hand, the dearth of skilled and technical products will challenge the neonatal (preterm) infant care market. Additionally, emergence of unfavorable conditions due to COVID-19 outbreak and lack of awareness will act as restrain and further impede the growth rate of market during the forecast period of 2022-2029.
This neonatal (preterm) infant care market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the neonatal (preterm) infant care market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Neonatal (Preterm) Infant Care Market
The ongoing COVID-19 pandemic had an impact on the neonatal baby care sector. Millions of people, including adults, children, and newborns, have been afflicted by the pandemic around the world. COVID-19’s rapid growth has resulted in thousands of hospital admissions, creating a demand for medical equipment in healthcare institutions. COVID-19 infection is more likely to affect newborns and children since their immune systems are still developing. As a result, various government agencies have set specialized testing norms and standards and effective diagnostic processes for newborns and children. This has resulted in the demand for diagnostic and monitoring equipment for neonatal care around the world during a pandemic.
In May 2020, Drägerwerk AG & Co. KGaA had launched the Babylog VN600 and VN800 ventilators designed for premature babies. With the increase of the company’s product line, this product launch will assist the company in increasing its consumer base.
Key Pointers Covered in This Market Research Report:
Market New Sales Volumes
Market Replacement Sales Volumes
Market By Brands
Market Procedure Volumes
Market Product Price Analysis
Market Healthcare Outcomes
Market Cost of Care Analysis
Regulatory Framework and Changes
Prices and Reimbursement Analysis
Market Shares in Different Regions
Recent Developments for Market Competitors
Market Upcoming Applications
Market Innovators Study
This Report Consists of:
▪ No of pages: 350
▪ No of Figures: 60
▪ No of Tables: 220
Objectives of the Report
To carefully analyze and forecast the size of the market by value and volume.
To estimate the market shares of major segments of the
To showcase the development of the market in different parts of the world.
To analyze and study micro-markets in terms of their contributions to the market, their prospects, and individual growth trends.
To offer precise and useful details about factors affecting the growth of the
To provide a meticulous assessment of crucial business strategies used by leading companies operating in the market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
Destinations of This report:
1. To make accessible the wide-going outline of the market.
2. To accomplish the data about the central members in this industry, their item portfolios, and their key techniques.
3. To know about the future standpoint and possibilities for this market investigation and figure 2022-2029.
4. To dissect the market size of the market so that understanding the critical patterns from it gets simple.
5. To look at the market dependent on item, portion of the overall industry, and size of the item share.
6. To dissect possibilities or openings on the lookout for partners by realizing the high-development fragments of the market.
7. To increase bits of knowledge about the major provincial experiences in which the is prospering.
8. To accomplish delineations and gauge the market, as far as worth, by process, item type, and industry.
9. To strategically diagram the central parts and exhaustively dissect their market position as far as positioning and center capabilities, and detail the cutthroat scene for market pioneers.
10. To portray and estimate the market, as far as worth, for different fragments, by area North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).
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