Selbyville, Delaware, Oct. 17, 2019 (GLOBE NEWSWIRE) --
Global Neonatal Infant Care Market revenue is poised to cross USD 3.6 billion by 2025; according to a new research report by Global Market Insights, Inc. The growing number of premature births will stimulate the neonatal infant care industry growth during the analysis timeframe. According to the data published by WHO, premature birth is considered as the major concern resulting in infant mortality. Several action plans are implemented to determine adverse health issues associated with newborn babies. Additionally, around 3.0% of the worldwide disease problem is due to premature births. Hence, monitoring of medical problems during premature birth could considerably reduce the chances of disabilities. Thus, with rising instances of premature births, demand for neonatal devices will increase, thereby propelling market size from 2019 to 2025.
The rising number of installations for neonatal care units across the globe for effective infant treatment will stimulate the business growth. Growing need for monitoring complications in premature neonates will further surge the demand for neonatal intensive care units over analysis timeframe.
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The thermoregulation devices segment was valued around USD 600 million in 2018 and will witness a significant growth during the forthcoming years. Thermoregulation devices include neonatal incubators, warmers, and neonatal cooling systems for effective infant care. Additionally, incubators provide advanced warming technology and easy access to the infant both for changing clothes and feeding. Furthermore, several other devices are specifically developed and marketed for better patient outcomes and care. Thus, increasing demand for thermoregulation devices will spur the neonatal infant care market growth.
The nursing homes segment will witness around 7.5% CAGR during the forecast timeline. The considerable segmental growth can be attributed to the rising preference for limited duration checkups along with an increasing number of nursing homes. Moreover, the progressing healthcare spending in developing economies for nursing homes will provide better treatment options with improved infant care. Thus, above-mentioned aspects will boost the segment growth over the forecast timeframe.
Neonatal Infant Care Market Forecasts, By End-use
1.1. Key segment trends
1.2. Hospitals
1.2.1. Market size, by region, 2014 – 2025 (USD Million)
1.3. Nursing homes
1.3.1. Market size, by region, 2014 – 2025 (USD Million)
1.4. Paediatric & neonatal clinics
1.4.1. Market size, by region, 2014 – 2025 (USD Million)
1.5. Others
1.5.1. Market size, by region, 2014 – 2025 (USD Million)
Browse key industry insights spread across 220 pages with 486 market data tables & 7 figures & charts from the report, “Neonatal Infant Care Market Size By Product Type (Thermoregulation Devices {Neonatal Incubators, Warmers, Neonatal Cooling Systems}, Phototherapy Devices {LED Phototherapy System, CFL Phototherapy System}, Monitoring Systems {Neonatal Ventilation, Brain Monitoring, Blood Gas Monitoring System}, Neonatal Hearing Screening, Neonatal Infant Resuscitator Devices, Vision Screening) By End-use (Hospitals, Nursing Homes, Paediatric & Neonatal Clinics), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, China, Japan, India, Australia, Brazil, Mexico, South Africa, Saudi Arabia, GCC Countries), Price Trends, Application Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/neonatal-infant-care-market
India neonatal infant care market is estimated to witness over 8.5% CAGR owing to several significant achievements over the last few years specifically in infant mortality and various dreaded diseases. Moreover, the rising awareness regarding infant mortality as well as the availability of advanced devices for better patient care will contribute to revenue growth. Additionally, various government initiatives will be an impactful factor supporting business development. Thus, several these aspects thereby augment the overall neonatal infant care industry growth.
The increasing focus of manufacturers on developing innovative devices for effective infant will provide lucrative growth opportunities. Notable players functioning in this neonatal infant care market include GE Healthcare, Medtronic, Drägerwerk, Natus Medical, Fisher & Paykel Healthcare, International Biomedical, Ibis Medical, Phoenix Medical Systems, nice Neotech Medical Systems and Atom Medical. Various established business players are adopting numerous organic and inorganic growth strategies to increase their market share. For instance, in April 2019, InnAccel launched SAANS, the world’s first portable, neonatal CPAP system. It provides breathing support to critical neonates with the respiratory syndrome. This strategy will enhance the product portfolio and customer base of the company.
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Neonatal Ventilators Market Statistics 2019-2025: Non-invasive ventilation market was around USD 93.5 million in the year 2018. Steadily increasing acceptance of non-invasive systems will augment industry growth in coming 5-7 years. Some of the key industry players operating in global market are Medtronic Plc, GE Healthcare, CareFusion, HAMILTON MEDICAL, Phillips Respironics, Smith Medical, Breas Medical, Drager Medical, ResMed and MAQUET.
https://www.gminsights.com/industry-analysis/neonatal-ventilators-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.