The Future of theNDT Services Market: Growth Trends, Market Size, and Opportunities to Watch
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Factors Are Propelling the Market Growth of theNeonatal Infant Care Market from 2025 to 2034?
The neonatal infant care market is experiencing growth due to the increasing number of premature newborn infants. Premature births are those that occur before the 37th week of pregnancy. Neonatal infant care is particularly necessary for these prematurely born or sick infants, creating an environment conducive for their growth. As an example, Statistique Canada, a government organization in Canada, recorded a slight increase in the occurrence of premature births from 8.2% in 2022 to 8.3% in 2023 in September 2024. This shows an escalating trend in premature births, which is consequently driving the growth of the neonatal infant care market.
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#What Growth Opportunities Will Drive the Neonatal Infant Care Market’s CAGR Through 2034?
There has been a significant increase in the size of the neonatal infant care market in the past few years. It is projected to expand from a value of $3.15 billion in 2024 to an estimated value of $3.41 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.0%. Factors contributing to this growth during the historic period include advancements in preterm birth survival rates, emphasis on neonatal nutrition, the ongoing implementation of maternal and infant healthcare programs, heightened awareness regarding neonatal care, as well as initiatives in patient rehabilitation and functional restoration.
The market for neonatal infant care is projected to witness considerable expansion in the forthcoming years, ballooning to a size of $4.69 billion by 2029 at a compound annual growth rate (CAGR) of 8.3%. This anticipated increase during the forecast period is linked to a series of factors such as personalized medicine for newborns, development of vaccines tailored specifically for newborns, the advent of telehealth services for infants, the focus on neuroprotection in newborns, and genetic screening for neonatal disorders. Main trends expected during the forecast period encompass technological evolution in neonatal equipment, a heightened emphasis on the provision of developmentally supportive care, solutions for neonatal care at home, advancements in neonatal imaging techniques, and sustainable plus environmentally-friendly products for neonates.
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How Are Market Trends and Innovations Revolutionizing theNeonatal Infant Care Industry in Recent Times?
The trend of technological progress is increasingly important in the neonatal infant care market. Key players in this sector are developing and introducing innovative technology to maintain their competitive edge and satisfy customer needs. For instance, Max Ventilator, an Indian medical device manufacturing firm, rolled out a cutting-edge multifunctional ventilator for both neonatal and adult care in May 2022. The newly launched product operates on non-invasive technology and features multiple functionalities. It can serve for non-invasive ventilation and oxygen therapy provision.
Which Key Market Players Are Shaping the Future and Growth of theNeonatal Infant Care Market?
Major companies operating in the neonatal infant care market are Atom Medical Corp., Drägerwerk AG & Co. KGaA, Fisher & Paykel Healthcare Limited, GE Healthcare Technologies Inc., Ibis medical equipment and systems Pvt. Ltd., Medtronic PLC, Natus Medical Incorporated, International Biomedical Ltd., Koninklijke Philips NV, Weyer GmbH, Inspiration Healthcare Group PLC, Masimo Corp., CooperSurgical Inc., Abbott Laboratories, Edan Instruments Inc., Medela AG, Nihon Kohden Corporation, Getinge AB, Nice Neotech Medical Systems Pvt. Ltd., Becton, Dickinson and Company, Hill-Rom Holdings Inc., Edwards Lifesciences Corporation, Cardinal Health Inc., Smiths Medical International Ltd., Hamilton Medical AG, Vyaire Medical Inc., Air Liquide Medical Systems Pvt. Ltd., Draeger Medical Systems Inc., Siemens Healthineers AG, Danaher Corporation, B. Braun Melsungen AG
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What Are the Core Segments of the Neonatal Infant Care Market, and How Do They Contribute to Growth?
The neonatal infant care market covered in this report is segmented –
1) By Product Type: Thermoregulation Devices, Phototherapy Devices, Monitoring Systems, Neonatal Hearing Screening, Neonatal Infant Resuscitator Devices, Vision Screening, Others Products
2) By Prenatal And Fetal Equipment: Ultrasound And Ultrasonography Devices, Fetal Doppler’s, Fetal Magnetic Resonance Imaging (MRI), Fetal Monitors
3) By Neonatal Equipment: Infant Warmers And Incubators, Phototherapy Equipment, Neonatal Monitoring Devices And Respiratory Assistance, Monitoring Devices
4) By End-User: Hospitals, Nursing Homes, Pediatric And Neonatal Clinics
Subsegments:
1) By Thermoregulation Devices: Infant Warmers, Incubators, Warm Air Blankets
2) By Phototherapy Devices: LED Phototherapy Units, Fiberoptic Phototherapy Systems
3) By Monitoring Systems: Vital Sign Monitors, Cardiac Monitors, Pulse Oximeters
4) By Neonatal Hearing Screening: Automated Auditory Brainstem Response (ABR) Systems, Otoacoustic Emission (OAE) Devices
5) By Neonatal Infant Resuscitator Devices: Bag-Valve-Mask Resuscitators, Neonatal Resuscitation Systems
6) By Vision Screening: Retinal Imaging Systems, Vision Assessment Tools
7) By Other Products: Suction Devices, Feeding Equipment, Accessories And Consumables
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https://www.thebusinessresearchcompany.com/customise?id=7871&type=smpGlobal Neonatal Infant Care Market, Global Neonatal Infant Care Market Report, Global Neonatal Infant Care Market Trends, Global Neonatal Infant Care Market Size
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