According to our latest study on “Neonatal Care Equipment Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product, End User, and Geography,” the global neonatal care equipment market was valued at US$ 1,934.24 million in 2021 to US$ 3,103.81 million by 2028; it is estimated to grow at a CAGR of 7.0% from 2022 to 2028. An increasing number of NICU admissions, growing technological advancement in infant and maternal care products, and rising congenital and pregnancy complications due to sedentary lifestyles. Moreover, increased investments in the set up of neonatal facilities and the rising prevalence of associated neonatal diseases are expected to boost the market growth in the coming years. However, stringent regulatory policies for new device approvals and high prices of advanced neonatal care equipment are hampering the growth of the neonatal care equipment market.

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According to BMC Pediatrics, 2.5 million newborns died worldwide in 2018. It is estimated that 27.8 million newborns will die between 2018 and 2030 if each country maintains its current neonatal mortality rate (NMR). According to Scientific Reports, remarkable advances in neonatal intensive care units (NICUs) over the past 50 years improved survival and reduced morbidity in preterm and sick newborns. Delivering preterm infants in hospitals with a stage III/IV NICU is now a standard of care. Increased competition prompted hospitals to expand the scope of care and high-risk patients. To maintain the proliferation of NICU units and beds in a more significant proportion of hospitals with maternity services and delivery of neonatal intensive care beyond regional or academic centers. The trend of increasing neonatal admissions to NICUs with older gestational age, higher birth weight, and lower disease severity increased over time.

GE Healthcare; Koninklijke Philips N.V.; Medtronic; Dragerwerk AG & Co. KGaA; Nihon Kohden Corporation; Natus Medical Incorporated; Fisher & Paykel Healthcare Limited.; Masimo; BD; and Novos are a few leading companies operating in the global neonatal care equipment market.

The report segments the neonatal care equipment market as follows:

Based on product, the neonatal care equipment market is segmented into infant warmers, neonatal diagnostic imaging devices, neonatal respiratory care devices, neonatal monitoring devices, neonatal incubators, neonatal phototherapy equipment, and others. The infant warmer segment is further bifurcated into electric warmers and non-electric warmers. The neonatal diagnostic imaging devices are further segmented into ultrasound systems, x-ray imaging systems, and others.

The neonatal respiratory care devices are further segmented into neonatal ventilators, continuous positive airway pressure devices, resuscitators, and others. The neonatal monitoring devices are further segmented into blood pressure monitors, cardiac monitors, pulse oximeters, capnographs, extracorporeal membrane oxygenation systems, and integrated monitoring devices. The neonatal respiratory care devices segment held the largest market share in 2021 and is expected to continue its dominance during the forecast period. It is expected to register the highest CAGR during the forecast period. Based on end user, the neonatal care equipment market is segmented into hospitals, pediatric and neonatal clinics, and nursing homes.

The hospitals segment held the largest market share in 2021 and is expected to continue its dominance during the forecast period. However, the pediatric and neonatal clinics segment is expected to register the highest CAGR during the forecast period. Based on geography, the diagnostic labs market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. The North American neonatal care equipment market is further segmented into the US, Canada, and Mexico. The neonatal care equipment market in Europe is sub-segmented into France, Germany, the UK, Spain, Italy, and the rest of Europe. The APAC neonatal care equipment market is subsegmented into China, India, Japan, Australia, South Korea, and the rest of APAC. The neonatal care equipment market in the MEA is further segmented into Saudi Arabia, the UAE, South Africa, and the rest of the MEA. The South & Central America neonatal care equipment market is segmented into Brazil, Argentina, and the rest of SAM.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Neonatal Care Equipment, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Food and Beverages, Consumers and Goods, Chemicals and Materials.

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