Neonatal Intensive Care Market Expected to Reach US$ 9.05 Bn. by 2029


Posted February 26, 2024 by MMRNiranka

Neonatal Intensive Care Market size is expected to reach US$ 9.05 Bn. by year 2029 at a CAGR of 7.1% during the forecast period.
 
Neonatal Intensive Care Market Overview

The extensive Neonatal Intensive Care Market report, undertaken by Maximize Market Research, offers an intricate regional analysis and competitive overview. Projections signal significant market expansion, with revenues projected to elevate from the forecast timeframe. This analysis furnishes valuable insights to businesses and investors aiming to leverage the market’s promising prospects.

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Neonatal Intensive Care Market Scope and Methodology

The Neonatal Intensive Care Market report offers insights into current trends, key highlights, drivers, challenges, and restraints. It includes market size estimations and growth rates during the forecast period. Regional analysis provides a holistic view, and the competitive landscape is examined using various parameters. Employing a bottom-up approach, data is collected through primary and secondary sources, and qualitative and quantitative analysis is conducted. Research tools like SWOT, PESTLE, and Porter’s Five Forces enhance market analysis. The report is a valuable guide for investors, stakeholders, and market followers, aiding informed decisions in the Neonatal Intensive Care Market.

Neonatal Intensive Care Market Dynamics

According to recent statistical data, around 11% of the total pregnancies result in premature or early deliveries. In the U.S. alone around 450,000 babies are born prematurely and globally over 15 million new births are early or premature. Increasing rates of maternal obesity, advanced maternal ages, diabetes, multiple births (twins and higher), assisted reproductive techniques, and opiate addiction is the reasons for preterm birth. Hence, this leads to the expansion of pediatric clinics and neonatal intensive care units globally. Rising awareness about neonatal care and technological advancements being made for neonatal care devices also contribute to the market growth. However, expensive neonatal care, decreasing birth rate, and poor accessibility of neonatal care in some underdeveloped and developing economies may restrain the market growth. In May 2021, Dragerwerk AG & Co. KGaA launched Babylog VN600 and VN800 ventilators for premature babies. This product launch will help the company in broadening its customer base with product portfolio expansion.

The report has profiled key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. Increasing R&D activities in each region are different and focus is given on the regional impact on the cost, availability of advanced technology are analyzed.

Neonatal Intensive Care Market Regional Insights

The Asia-Pacific region capitalizes on urbanization and industrialization, meeting escalating energy needs. Latin America’s potential lies in renewable energy emphasis, with ample resources and government initiatives. Meanwhile, the Middle East & Africa’s growing interest is fueled by energy diversification goals and increasing investments in renewables, underpinned by favorable conditions for sustainable energy adoption. The Neonatal Intensive Care market’s regional landscape reveals distinctive dynamics. In North America, technological advancements and consumer preferences propel growth, supported by robust distribution networks. Europe’s sustainable focus and stringent regulations drive a steady market expansion.

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Neonatal Intensive Care Market Segmentation

by Product type

Neonatal Incubators
Neonatal Phototherapy Equipment
Ventilators
Neonatal Monitoring devices

by End users

Hospitals
Nursing Homes
Pediatric & Neonatal Clinics

Neonatal Intensive Care Market Key Players

1. Medtronic plc
2. C. R. Bard, Inc.
3. Becton, Dickinson and Company
4. Cook Medical
5. Teleflex Incorporated
6. B. Braun Melsungen AG
7. GE Healthcare
8. Digicare Biomedical Technologies Inc
9. Philips
10.Phoenix medical Systems
11.Novos Medical Systems
12.Dragerwerk AG & Co. KGaA
13.Fisher & Paykel Healthcare corporation Limited
14.Smith’s Group plc
15.Utah Medical Products Inc

Key questions answered in the Neonatal Intensive Care Market are:

What is Neonatal Intensive Care ?
What was the Neonatal Intensive Care market size in 2022?
What are the different segments of the Neonatal Intensive Care Market?
What growth strategies are the players considering to increase their presence in Neonatal Intensive Care ?
What are the upcoming industry applications and trends for the Neonatal Intensive Care Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Neonatal Intensive Care Market?
What major challenges could the Neonatal Intensive Care Market face in the future?
What segments are covered in the Neonatal Intensive Care Market?
Who are the leading companies and what are their portfolios in Neonatal Intensive Care Market?
What segments are covered in the Neonatal Intensive Care Market?
Who are the key players in the Neonatal Intensive Care market?
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Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
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Last Updated February 26, 2024