Global Neonatal Intensive Care Market
Dublin, Jan. 13, 2023 (GLOBE NEWSWIRE) -- The "Neonatal Intensive Care Market By Product, By Application, By End User: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.
The global neonatal intensive care market was valued at $2,012.4 million in 2021, and is projected to reach $4,403.0 million by 2031, registering a CAGR of 8.2% from 2022 to 2031.
A neonatal intensive care unit (NICU), also known as an intensive care nursery, is an intensive care unit that specializes in care of ill or premature newborn infants. The common equipment in a neonatal intensive care unit (NICU) include mechanical ventilators to assist breathing through an endotracheal tube or a tracheostomy tube; cardiac monitors for monitoring cardiac condition; equipment for constant monitoring of bodily functions; and a web of intravenous lines, feeding tubes, nasogastric tubes, and suction pumps.
Increase in birth rate and rise in number of preterm births boost growth of the market. For instance, according to the Centers for Disease Control and Prevention (CDC), in 2020, around 3,613,647 newborns were reported. Thus, increase in number of child birth and growth in number of preterm births drive growth of the market.
In addition, increase in incidences of maternity factors such as age of mother, alcoholism, and smoking is responsible for low growth rate and preterm delivery of baby, which further contributes toward growth of the market. Age-related factors such as being younger than 16 and older than age 40 contributes toward rise in underdeveloped child delivery rate.
However, the rate of child marriage is slowly falling, owing to increase in awareness about child marriages and strict government initiatives. For instance, according to the United Nations Population Fund (UNFPA), in 2021, one in five women between the ages of 20 and 24 reported they had been married as children. From the same source, the total number of child marriages is projected to increase by 2030, owing to regional and socioeconomic factors.
Furthermore, increase in prevalence of chronic diseases such as diabetes and hypertension contribute toward growth of the market. Diabetes during pregnancy may be associated with a high rate of congenital anomalies, disturbances of intrauterine growth, and often post-natal neurobehavioral abnormalities in offspring. The latter are associated with pregestational (PGD) as well as with gestational diabetes (GD).
This associated diseases in newborn may require special attention and admission in neonatal intensive care. For instance, according to the International Diabetes Federation (IDF), In 2021, approximately 537 million adults (20-79 years) were living with diabetes. and the number is projected to rise to 643 million by 2030 and 783 million by 2045.
Moreover, increase in R&D activities for development of advanced neonatal intensive cares such as advanced thermometer & oximeters, rise approvals from the in U.S. Food and Drug administration (USFDA), and novel product launches by key players boost the market growth.
For instance, in December 2021, , U.S. Food and Drug Administration (FDA) has granted 510(k) clearance to Medtronic plc., a global leader in healthcare technology, for its INVOS 7100 cerebral/somatic oximetry system for children from birth through age 18. Furthermore, growing risk of COVID-19 infections in children propels demand for respiratory devices. However, high cost of neonatal intensive care and product recall hinder growth of the market.
The neonatal intensive care market is segmented on the basis of product, application, end user, and region. By product, the market is classified into warmers, incubators, monitoring devices, respiratory devices, phototherapy equipment, and others. The incubators segment is further divided into hybrid incubator, normal incubator, and transport incubator.
Depending on application the market is classified into neonatal hypothermia & low birth weight, jaundice, and others. By end user, it is categorized into hospitals, maternity hospitals, and neonatal & pediatric hospitals. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in the report include Dragerwerk AG & Co. KGaA, GE Company, Masimo Corporation, 3M Company, Phoenix Medical Systems Pvt Ltd., Medtronic PLC, Koninklijke Philips N.V, Fanem Medical Devices, Atom Medica, Mediprema Group, Siemens Healthcare GmbH, Terumo Corporation, Medicor Elektronika, Ningbo David Medical Device Co., Ltd., Zhengzhou Dison Instrument and Meter Co., Ltd, AngioDynamics, and Vygon (UK) Ltd.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the neonatal intensive care market analysis from 2021 to 2031 to identify the prevailing neonatal intensive care market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the neonatal intensive care market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global neonatal intensive care market trends, key players, market segments, application areas, and market growth strategies.
No. of Pages
2021 - 2031
Estimated Market Value (USD) in 2021
Forecasted Market Value (USD) by 2031
Compound Annual Growth Rate
Key Topics Covered:
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter's five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: NEONATAL INTENSIVE CARE MARKET, BY PRODUCT
4.1.1 Market size and forecast
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.3.4 Incubators Neonatal Intensive Care Market by Type
188.8.131.52 Hybrid Incubator Market size and forecast, by region
184.108.40.206 Normal Incubator Market size and forecast, by region
220.127.116.11 Transport Incubator Market size and forecast, by region
4.4 Monitoring Devices
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Respiratory Devices
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
4.6 Phototherapy Equipment
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market analysis by country
4.7.1 Key market trends, growth factors and opportunities
4.7.2 Market size and forecast, by region
4.7.3 Market analysis by country
CHAPTER 5: NEONATAL INTENSIVE CARE MARKET, BY APPLICATION
5.1.1 Market size and forecast
5.2 Neonatal Hypothermia & Low Birth Weight
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
CHAPTER 6: NEONATAL INTENSIVE CARE MARKET, BY END USER
6.1.1 Market size and forecast
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Maternity Hospitals
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Neonatal & Pediatric Hospital
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
CHAPTER 7: NEONATAL INTENSIVE CARE MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
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