Global Neonatal Intensive Care Market Key Insights and Growth Forecast till 2025

Presently, the growing occurrence of premature births across the world is becoming a key factor which is creating demand for proper neonatal intensive care. Market Research Reports Search Engine (MRRSE) has freshly broadcasted a study titled “Neonatal Intensive Care Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025” which analyses the historical trends in the neonatal intensive care market and offers a detailed forecast for the period 2017-2025.

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Newborn babies with medical disorders such as heart problems, infections or birth defects are also be concerned in the NICU. It has been analyzed that growing number of applications of neonatal medical care equipment and devices has been envisioned to augment the demand for neonatal intensive care. According to the report key findings, the global neonatal intensive care market to expand at a CAGR of 5.5% during the forecast period of 2017-2025. In 2017, the market had been valued at a US$5.9 bn, which could attain a valuation of US$9.0 bn until the end of 2027, finds the study.

Research Inclusion

This 227-page intelligent study provides clear overview of the market by highlighting key drivers, trends and factors associated with the market and helping in market expansion throughout the given forecast tenure. For a clear understanding, the report majorly focuses on some of the prime regions including the Middle East and Africa (MEA), Europe, Asia Pacific, North America, and Latin America. For each regional segment, the market size for future years has been analyzed which is based on revenue and market development between 2017 and 2026. Moreover, the market has been analyzed on the basis of segments such as product type, end-user and regions.

On the basis of geography, analysts predict that emerging regions such as the Asia Pacific and the Middle East and Africa undergoing a rising occurrence of epidemics causing gestation problems such as preterm birth, which as a result displays maximum opportunities in the worldwide neonatal intensive care market. The report also adds that North America could take the leading position in the market due to the rise in government funding and improving responsiveness about childcare in the region.

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On the basis of product type segmentation, the world neonatal intensive care market could be categorized into catheters, phototherapy equipment, respiratory devices, neonatal monitoring devices, convertible warmers and incubators, incubators, and infant warmers. Amongst, the respiratory devices segment estimated to continue its dominance until the end of the forecast period.

For its readers, the report also examines competition landscape in the global market of neonatal intensive care and profiles some of the key players operating in the market along with details such as company overview, financial overview, product portfolio, business strategies, and recent developments. They are Becton, Dickinson and Company, B. Braun Melsungen AG, Utah Medical Products Inc, C. R. Bard, Inc., Cook Medical, Medtronic plc., Teleflex Incorporated, AngioDynamics, Inc., Vygon (UK) Ltd., and Smiths Group plc.

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This release was published on openPR.