Neonatal Intensive Care Market - Upcoming Trends Analysis 2019-2027

Neonatal Intensive Care Market: Overview

According to Transparency Market Research's latest report on the global neonatal intensive care market for the historical period 2017-2018 and forecast period 2019-2027, high demand for safer & advanced catheter insertion systems and increased demand for NICU services are projected to drive the global neonatal intensive care market during the forecast period

According to the report, the global neonatal intensive care market was valued at US$ 1,511.7 Mn in 2018 and is anticipated to expand at a CAGR of 5.4% from 2019 to 2027

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Increased Usage of Manufactured Catheter
Securement Devices: Key Drivers

• Increase in availability of new vascular access catheters such as antimicrobial and antithrombogenic catheters, power injectable peripheral catheters is projected to drive the growth of the market

• Increase in number of complications with material used for the manufacturing of vascular catheters led to development of innovative and improved technology. The technology aimed at reduction of thrombus accumulation on catheters, for example, use of blood compatible polymer resins, in BioFlo catheters

]Increased Usage of Manufactured Catheter Securement Devices Boost Market Growth

• Catheter securement is crucial for prevention of complications and successful infusion therapy.

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• Study published by NCBI in 2015 that stated that manufactured catheter securement devices (MCSDs) were found to be superior in contrast to sutures and other securement dressings. This led to an increase in usage of MCSDs Peripherally inserted central catheter (PICC)

Global Neonatal intensive care Market: Competitive Landscape
• This report profiles major players in the global neonatal intensive care market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments

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• The global neonatal intensive care market is highly fragmented, with the presence of a number of international as well as regional players

• Leading players operating in the global neonatal intensive care market are

o Cook Medical
o C. R. Bard, Inc.
o Angiodynamics
o Teleflex Incorporated
o B. Braun Melsungen AG
o Becton
o Dickinson and Company
o Medtronic
o Vygon (UK) Ltd
o Utah Medical Products
o Smiths Medical

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