DUBLIN--(BUSINESS WIRE)--The "Neonatal Intensive Care Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
An estimated 15 million babies are born pre-term and this number is increasing. Moreover, as these newborn babies have more underdeveloped defense systems, they are found more prone to chronic and other diseases like hospital-acquired infections. These factors are found to be the major primary reasons for which neonatal intensive care is required. However, decreasing birth rates in developed countries like Japan and lack of awareness and economic constraints in developing and under-developed countries are restraining the growth of this market.
This report provides a detailed analysis of the neonatal intensive care unit market. The market is evaluated by collating revenues generated across segments, categorized by product, and geography.
Key Market Trends
Incubators Segment is Expected to Cover a Large Market Share
A neonatal incubator an enclosure in which an infant can be kept in a controlled environment for its observation and care. The device may also include a heater, a fan, a container for water to add humidity, a control valve through which oxygen may be added, and access ports for nursing care. It is used in preterm births or for some ill full-term babies to observe and treat them under stabalized environment. It may additionally be used to evaluate and treat sick neonates.
According to Center for Disease Control and Prevention, between the years 2014 and 2016, the preterm birth rate rose by 3% in the United States, from 9.57% in 2014 to 9.63% in 2015 to 9.85% in 2016. It has been found that preterm birth babies may require more additional care. Hence, they may be kept under incubators for observation. As a result, the increasing preterm birth rate is expected to increase the demand for neonatal incubators, which will help the growth of this market.
North America is Expected to Dominate the Neonatal Intensive Care Market
North America includes the United States (US), Canada and Mexico. The US and Canada have well structured and developed healthcare systems. These countries are found promoting research and development for pharmaceutical devices and hence have very high expenditure on healthcare. As a result of these policies, many companies globally are encouraged to operate in this region.
Moreover, most of the population in developed countries like US and Canada are covered under medical and health issurance and hence, are able to afford these care units. Hence, the North American region is expected to cover a large share of the neonatal intensive care market.
Competitive Landscape
The majority of the neonatal intensive care instruments and devices are being manufactured by the global key players. Market leaders with more funds for research and better distribution system have established their position in the market. Moreover, Asia-pacific is witnessing an emergence of some small players due to the increase in awareness, that helps in the growth of the market.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Incidence of Preterm Births
4.2.2 Increasing Prevalence of Chronic Diseases Among the Newborn Babies
4.2.3 Technological Advancements in Neonatal Intensive Care Devices
4.3 Market Restraints
4.3.1 Lack of Awareness and Economic Constraints in Developing Countries
4.3.2 Decreasing Birth Rates in Developed Countries
4.4 Porter's Five Force Analysis
5 MARKET SEGMENTATION
5.1 By Product
5.1.1 Infant Warmers
5.1.2 Incubators
5.1.3 Convertible Warmer and Incubators
5.1.4 Neonatal Monitoring Devices
5.1.5 Respiratory Devices
5.1.6 Phototherapy Equipment
5.1.7 Catheters
5.1.8 Others
5.2 Geography
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 B. Braun Melsungen AG
6.1.2 Becton, Dickinson and Company
6.1.3 Cook Medical
6.1.4 Digicare Biomedical Technologies Inc
6.1.5 Medtronic plc
6.1.6 Philips
6.1.7 Phoenix medical Systems
6.1.8 Smiths Group plc
6.1.9 Teleflex Incorporated
6.1.10 Utah Medical Products Inc
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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