Neonatal Care Devices Market - Forecasts from 2018 to 2023

The neonatal care device market is projected to grow at a CAGR of 6.07% to reach US$11.187 billion in 2023 from US$7.856 billion in 2017. Neonatal care is a subspecialty of healthcare that involves nursing of babies born either prematurely, or with problems like low weight, birth defects, infection, cardiac malformations, or other surgical problems that require specialized treatment. There are four levels of neonatal care, intensive care, high dependency care, low dependency care, and transitional care. North America held a significant share of the market which is attributed to high equipment demand and an increasing number of FDA approvals for neonatal care devices. Emerging economies of Asia Pacific region are expected to significantly influence demand for these devices in the years ahead, owing to growing awareness and high birth rate. Rising health spending and favorable reimbursement policies in developed nations are expected to drive growth in the neonatal care devices market

This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the neonatal care device value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the neonatal care device market.

Major industry players profiled as part of the report are GE Healthcare, Drägerwerk AG, Utah Medical Products Inc., and Koninklijke Philips N.V. among others.

Segmentation:

The neonatal care device market has been analyzed through the following segments:

By Type
Medical Light
Infant Warmer
Incubators
Phototherapy Equipment
Conventional Phototherapy
Fiber-optic Phototherapy
Respiratory Device
Neonatal Ventilators
CPAP Devices
Oxygen Analyzers and Monitor
Resuscitators
Neonatal Monitoring Devices
Blood Pressure Monitor
Cardiac Monitors
Pulse Oximeters
Capnograph
Integrated Monitoring Device

By Geography
North America

• USA


• Canada


• Mexico

South America

• Brazil


• Argentina

Europe

• Germany


• France


• United Kingdom


• Spain

Middle East and Africa

• Saudi Arabia


• Israel

Asia Pacific

• China


• Japan


• South Korea


• India