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Neonatal Infant Care Market Forecast Report 2026: Revenue and Outlook by Industry Players

Neonatal Infant Care Market Forecast Report 2026: Revenue and Outlook by Industry Players

Selbyville, Delaware, United States, October 23 2020 (Wiredrelease) Global Market Insights, Inc –:Rapid surge in the number of premature births, and the subsequent rise in infant mortality rates are contributing heavily to neonatal infant care market share over the forecast spell. With healthcare facilities aiming towards provision of more efficient care for babies, the development of technologically sophisticated neonatal care devices is gaining massive traction over the years.

Rising occurrences of pre-term births, alongside myriad neonatal complications will boost the demand for neonatal infant care devices. Babies born prematurely are vulnerable to various disease, as their immune system is underdeveloped, and thereby require constant nursing and care in order to grow properly. According to WHO estimates, more than 150 million babies worldwide are born prior to the completion of the gestation period.

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These pre-term babies require efficient care in order to combat potential clinical complications, in turn boosting the need for advanced neonatal care units to supervise and treat any emerging conditions. The growing demand for these devices across specialty paediatric clinics and neonatal care facilities is thus likely to add impetus to neonatal infant care market expansion over the estimated timeline.

Based on estimates from a GMI report, the global neonatal infant care market size is anticipated to cross $3.9 billion by 2026.

Based on the product spectrum, the neonatal infant care market is categorized into monitoring systems, phototherapy devices, neonatal hearing screening, vision screening, thermoregulation devices, neonatal infant resuscitator devices, and others. Among these, the monitoring systems segment registered remuneration with over $395.1 million in 2019. Monitoring systems include brain monitoring, neonatal ventilation, blood gas monitoring and other systems that facilitate observation and supervision of various neonatal infant physiological parameters.

Premature babies suffer from various complications and disorders stemming from underdeveloped immune system and organ immaturity. For this reason, paediatric patients such as neonates need to be monitored constantly for critical health factors such as disturbances in heart rhythm, blood oxygen saturation and breathing cessation.

For instance, the NICU in Reading Hospital uses neonatal care devices such as Phillips Healthcare’s IntelliVue monitors and Covidien’s Nellcor pulse oximeters. The IntelliVue monitors enable integrated point-of-care supervision of parameters like respiratory rate, ECG, heart rate and enables seamless connectivity to other hospital systems and devices.

Neonatal infant care devices such as these aid healthcare professionals in providing timely and accurate treatment to the patients, which is anticipated to accelerate the neonatal infant care industry development in the years ahead.

With respect to end-use, the neonatal infant care industry is bifurcated into nursing homes, hospitals and paediatric & neonatal clinics. Of these, the hospitals segment is poised to depict a CAGR of over 6.5% through 2026, owing to higher propensity of patients towards these facilities, for better and more efficient treatment, presence of qualified healthcare staff, sophisticated equipment and reimbursement options.

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From a regional perspective, the Australia neonatal infant care industry was estimated to be worth over $85 million in 2019. This robust market share was characterized mainly by an increasing number of people inclined towards late parenthood, and inadequate lifestyle habit resulting in high blood pressure, obesity and artificial insemination-based pregnancies. Furthermore, the presence of strong industry players in the region and rapid approvals for high quality medical instruments is expected to boost neonatal infant care market outlook in the region.

Major players in the neonatal infant care business landscape are also involved in several lucrative strategies in recent years, ranging from partnerships, to expansions to product developments and more, in order to gain a more competitive position in the overall market space. For instance, HAMS Hospital, in 2019, upgraded its neonatal care unit to a level III NICU, with the including of 2 isolation beds, 2 step down beds, and neonatal care devices such as 4 incubators, 3 ventilators, and 3 bubble CPAPs, designed to provide optimal care for low birth weight infants, neonatal jaundice patients, and Hyaline membrane disease, patients, among others.  

Partial Chapter of the Table of Content 

Chapter 2.  Executive Summary

2.1. Neonatal infant care industry 3600 synopsis, 2015 – 2026 (USD Million)

2.1.1. Business trends

2.1.2. Product type trends

2.1.3. End-use trends

2.1.4. Regional trends

Chapter 3.  Neonatal Infant Care Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2015 – 2026 (USD Million)

3.3. Industry impact factors

3.3.1.  Growth drivers

3.3.1.1.  Expansion of paediatric clinics and neonatal intensive care units globally

3.3.1.2.  Rising premature birth rate in emerging economies

3.3.1.3.  Increasing number of installations for NICU units in Asia Pacific region

3.3.1.4.  Technological advancements in neonatal infant care devices

3.3.2.  Industry pitfalls & challenges

3.3.2.1.  Poor accessibility for neonatal care

3.4. Growth potential analysis

3.4.1.  By product type

3.4.2.  By end-use

3.5. COVID-19 impact analysis

3.6. Number of neonatal intensive care units, by country, 2019

3.7. Porter’s analysis

3.8. Competitive landscape, 2019

3.8.1. Competitive matrix analysis, 2019

3.9. PESTEL analysis 

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This content has been published by Global Market Insights, Inc company. The WiredRelease News Department was not involved in the creation of this content. For press release service enquiry, please reach us at [email protected].

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