Market Analysis
The global neonatal intensive care market is likely to grow at a 5.5% CAGR between 2018- 2023, according to the new report by Market Research Future (MRFR). Neonatal intensive care unit or NICU, simply put, are special nursery care rooms that are specially designed for newborns that require intensive medical care. These units are equipped with the latest advanced machinery, which will help in supporting the preterm babies with serious medical conditions.
Catheters, phototherapy equipment, convertible warmer and incubators, neonatal monitoring devices, respiratory devices, incubators, infant warmers, and others are the different types of neonatal intensive care equipment that have wide applications in childcare clinics, hospitals, and others.
Various factors are propelling the global neonatal intensive care market growth. As per the latest MRFR report, such factors include increasing neonatal population, growing cases of diseases in new-born children, a growing number of premature birth cases, and rising prevalence of chronic diseases like diabetes and high blood pressure. Additional factors adding market growth include rising adoption of a sedentary lifestyle, burgeoning demand for high-quality care for newborns, product development and innovation, growing awareness about neonatal intensive care, and improving healthcare infrastructure are also adding market growth.
Market Segmentation
The MRFR report provides an inclusive segmental analysis of the global neonatal intensive care market report based on end user and product.
By product, the global neonatal intensive care market is segmented into catheters, phototherapy equipment, convertible warmer and incubators, neonatal monitoring devices, respiratory devices, incubators, infant warmers, and others. The infant warmers segment is sub-segmented into non-electrical infant warmers and electric infant warmers. The neonatal monitoring devices are further segmented into capnographs, pulse oximeters, blood pressure monitor, cardiopulmonary monitor, and others.
By end user, the global neonatal is segmented into childcare clinics, hospitals, and others.
Key Players
Eminent players profiled in the global neonatal intensive care market report include Vetland Medical Sales & Services, Smiths Group plc, Patterson Companies, Inc., Midmark Corporation, Medtronic, Jorgensen Labs, Henry Schein, Digicare Biomedical Technology Inc., DRE Medical, B. Braun Melsungen AG, and others. Industry players have encompassed several strategies to create a niche in the market and also cater to consumers' burgeoning needs. These strategies comprise mergers and acquisitions, extensive research and development activities, joint ventures and collaborations, partnerships, geographic expansions, contracts, new product developments, new product launches, strategic alliances, to name a few.
Read More:https://www.marketresearchfuture.com/reports/neonatal-intensive-care-market-7513