Neonatal Care Device Market Size Is Set To Fly High In Years To Come

The Global Neonatal Care Devices Market is valued at approximately USD $ billion in 2021 and is anticipated to grow with a healthy growth rate of more than $ over the forecast period 2022-2029. Neonatal care devices are essential tools used in the care of newborn infants, especially those who are born prematurely or with medical conditions that require specialized attention.

The key factors driving the market growth include the rising number of neonatal care facilities globally, the growing incidence of healthcare-associated infections (HAIs) among newborns, and the increasing number of preterm and low-weight births.

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Preterm babies are at a higher risk of developing complications and require specialized medical care, including neonatal care devices, to ensure their survival and improve their health conditions. The rising prevalence of premature births, as well as the development of integrated and multifunctional neonatal care devices, are expected to create lucrative opportunities for the market.

However, the high cost of neonatal care devices is a hindering factor for market growth throughout the forecast period. The market is analyzed across key regions such as North America, Europe, Asia Pacific, Latin America, and the Rest of the World. North America dominates the market share due to the presence of key market players, government funding and support for fetal health, and a rising preterm birth rate.

Asia Pacific is expected to exhibit the highest growth rate, driven by factors such as public-private initiatives to strengthen patient care, the incidence of HAIs among newborns, and an increasing number of preterm and low-weight births.

Major market players in the Global Neonatal Care Devices Market include Ardo medical AG, Atom Medical Corporation, AVI Healthcare Pvt Ltd, COBAMS srl, Dragerwerk AG & Co. KGaA, Fisher & Paykel Healthcare Corporation Ltd, Gammer International, GE Healthcare, GINEVRI srl, Ibis Medical Equipment and Systems Pvt Ltd., and others.

Recent developments in the market include the installation of a NICU transporter system at The NHS Foundation Trust's St. Peters Hospital in May 2019. This mobile neonatal ICU is equipped with advanced devices to provide respiratory support and other care for newborn babies.

The market report provides a comprehensive scope, including historical data from 2019-2021, the base year for estimation as 2021, and a forecast period of 2022-2029. It covers revenue forecasts, company rankings, competitive landscape, growth factors, and trends.

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The report segments the market based on product (ultrasound devices, fetal MRI, fetal monitors, fetal Doppler) and application (hospital, clinic). The regional scope includes North America, Europe, Asia Pacific, Latin America, and the Rest of the World.

The objective of the study is to define market sizes of different segments and countries, forecast future values, and incorporate qualitative and quantitative aspects of the industry. The report provides insights into driving factors, challenges, opportunities in micro markets, competitive landscape analysis, and product offerings of key players. The detailed segments and sub-segments of the market are explained within the report.

Highlight the Following Key Factors:

► Business Description: a particular description of agency operations and enterprise departments.
► Company Strategy: The analyst's precis of the company's commercial enterprise strategy.
► SWOT Analysis: Detailed evaluation of the company's strengths, weaknesses, opportunities, and threats.
► Company History: The development of predominant occasions associated to the company.
► Main merchandise and services: A listing of the company's fundamental products, services, and brands.
► Main Competitors: A listing of the company's fundamental competitors.
► Important places and subsidiaries: The company's major places and subsidiaries' listing and contact information.

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