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Neonatal Infant Care Equipment Market Analysis | Coherent Market Insights

According to Coherent Market Insights,North America region held dominant position in the global neonatal infant care equipment market in 2019,accounting for value of 37.8% share followed by Europe.

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Neonatal Infant Care Equipment Market Analysis | Coherent Market Insights

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. NEONATAL INFANT CARE EQUIPMENT MARKET ANALYSIS Neonatal Infant Care Equipment Market,ByProduct Type (Thermoregulation Devices (Radiant Warmers,NeonatalIncubators,NeonatalCooling Systems),Phototherapy Equipment (LED Phototherapy,UnitCFL Phototherapy Unit, Phototherapy Eye Mask),Neonates Neonatal Monitoring Systems (Neonatal Ventilation,BrainMonitoring,BloodGas Monitoring System),Hearing Screening, Vision Screening),By End User (Hospital, Pediatric and Neonatal Clinics, Nursing Homes) and By Region (North America, Latin America,Europe,AsiaPacific,MiddleEast & Africa) - Size,Share,Outlook, and Opportunity Analysis, 2019 - 2027

  3. The global neonatal infant care equipment market is estimated to account for US$ 3,330.5 Mn in terms of value by the end of 2027. Drivers • Increasing incidences of preterm births and corresponding efforts to increase their survival rates is expected to boost growth of the global neonatal infant care equipment market over the forecast period. For instance, according to March of Dimes 2019 report card, the preterm birth rate in the U.S. reached 10.02% in 2018 from 9.63% in 2015.

  4. Increasing population is also expected to boost growth of the market. For instance, according to projections by Population Reference Bureau (PRB) included in the 2018 World Population Data Sheet, the world population is expected to reach 9.9 billion by 2050, up 2.3 billion or 29% from an estimated 7.6 billion people in 2018. • North America region held dominant position in the global neonatal infant care equipment market in 2019, accounting for 37.8% share in terms of value, followed by Europe.

  5. Figure 1.Global Neonatal Infant Care Equipment Market Share (%), by Region, 2019

  6. Market Restraints • Decreasing birth rates in some economies is expected to hinder growth of the global neonatal infant care equipment market over the forecast period. For instance, according to National Vital Statistics System, the provisional number of births for the U.S. in 2018 was 3,788,235, registering a decrease of 2% from 2017 and the lowest number of births in 32 years. • Moreover, high prices of products is also expected to hinder growth of the market. High prices of products such as brain monitoring devices and ventilators has restricted their adoption in developing regions. However, companies are focused on developing cost efficient products

  7. Market Opportunities • Public and private initiatives to support neonatal infant care are expected to offer lucrative growth opportunities for players in the market. For instance, in January 2020, The Great Orchestra of Christmas Charity foundation collected US$ 42.28 million for purchases of medical equipment for neonatal wards in Poland. • Moreover,approvalof aircraft for transporting neonatal patients is also expected to aid in growth of the market.

  8. For instance,inMarch 2020, Kazan Helicopters received permission from Rosaviatsiya (the Russian Federal Air Transport Agency) to equip Ansat helicopters with a special module for transporting neonatal patients. • Phototherapy Equipment segment in the global neonatal infant care equipment market was valued at US$ 502.4 Mn in 2019 and is expected to reach US$ 946.0 Mn by 2027 at a CAGR of 8.2% during the forecast period.

  9. Figure 2.Value Chain Analysis

  10. Market Trends • Hypothermia is common in infants born at hospitals, which is expected to lead to high demand for neonatal infant care equipment. For instance, according to the study, ‘Neonatal hypothermia and associated factors among neonates admitted to neonatal intensive care unit of public hospitals in Addis Ababa, Ethiopia’, published in August 2018, the prevalence of neonatal hypothermia in the study area was 64%. • The prevalence of neonatal jaundice is high worldwide. For instance, according to the study, ‘The prevalence of neonatal jaundice and risk factors in healthy term neonates at National District Hospital in Bloemfontein’, published in April 2018, in the African Journal of Primary Health Care & Family Medicine, the prevalence of neonatal jaundice was 55.2% in the study population.

  11. Competitive Section Major players operating in the global neonatal infant care equipment market GE Healthcare, Koninklijke Philips N.V., Medtronic plc, Drägerwerk AG & Co. KgaA, Natus Medical Incorporated, Pluss Advanced Technologies Pvt. Ltd., Weyer GmbH, Fisher & Paykel Healthcare Limited, BabyBloom Healthcare BV, Novos Medical Systems, Medical Technology Transfer and Services Asia (MTTS Asia), Inspiration Healthcare Group plc, and Fanem Ltda.

  12. Key Developments • Major players in the market are focused on launching new products to expand their product portfolio. For instance, in November 2019, GINEVRI srl, an Italy-based manufacturer of medical equipment and solutions for neonatal care, demonstrated its range of neonatal incubators and warmers at MEDICA, an annual medical technology trade fair, held in Germany. • Similarly, in November 2019, Rober, a U.K.-based manufacturer of ‘zero pressure’ technology, launched a new pediatric mattress at MEDICA 2019.

  13. Request Sample Report • Request Customization • Download PDF Brochure • Talk to Analyst Reference: https://www.coherentmarketinsights.com/market-insight/neonatal-infant-care-equipment-market-3661

  14. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  15. Contact Us Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

  16. Thank You! Kindly follow CMI Social Media Profiles for the latest company updates Facebook Linkedin Twitter https://www.coherentmarketinsights.com/

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