The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s neonatal infant care market report forecasts the neonatal infant care market size to grow to $3.92 Billion by 2027, with a CAGR (compound annual growth rate) of more than 7%.

Learn More On The Neonatal Infant Care Market Report 2023 – https://www.thebusinessresearchcompany.com/report/neonatal-infant-care-global-market-report

Neonatal Infant Care Market Size Forecast
The global neonatal infant care market is expected to grow from $2.67 billion in 2022 to $2.91 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The neonatal infant care market size is expected to grow to $3.92 billion in 2027 at a CAGR of 7.8%.

North America held the largest neonatal infant care market share.

Key Neonatal Infant Care Market Driver ­– Rise In The Number Of Premature New Born Babies
For instance, according to the Centers for Disease Control and Prevention (CDC), a US-based national public health agency, the preterm birth rate increased from 10.09 in 2020 to 10.48 in 2021. Additionally, according to Tommy’s, a UK-based charity organization carrying out research on the causes of miscarriage, stillbirth, and premature birth, live births where the gestational period was under 24 weeks was 0.15% in 2019. About 8% of births in the UK were preterm in 2019, which was around 60,000 babies each year. Therefore, the increasing number of premature births is driving the growth of the neonatal infant care market.

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Key Neonatal Infant Care Market Trend – Technological Advancement
Major companies in the neonatal infant care market are focused on launching new technologies to sustain their position and meet consumer demand. For instance, in May 2022, Max Ventilator, an India-based manufacturer of medical devices, launched an innovative multifunctional ventilator for neonatal and adult care. The new product is functioning on non-invasive technology and has multifunctional capabilities. It can be used for non-invasive ventilation and can be used to provide oxygen therapy as well.

Neonatal Infant Care Market Segment
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

Neonatal Infant Care Market Major Players and Strategies
Major players in the neonatal infant care market are Atom Medical Corp, Drägerwerk AG & Co. KGaA, Fisher & Paykel Healthcare Limited, GE Healthcare, Ibis Medical, Medtronic PLC, Natus Medical Incorporated, International Biomedical, Koninklijke Philips N.V., Weyer GmbH, Inspiration Healthcare Group plc, Masimo Corp., CooperSurgical Inc., Abbott Nutrition, Edan Instruments Inc., Medela AG, Nihon Kohden Corporation, Getinge AB, Nice Neotech Medical Systems Pvt. Ltd.

In November 2021, NeoLight LLC, a US-based new born medical devices company, acquired Phoenix Technology Group LLC, along with the telemedicine platform for retinopathy of prematurity (ROP) screening, a leading cause of blindness in infants, for an undisclosed amount. The acquisition would expand the product portfolio of NeoLight to include ocular imaging devices of the Phoenix Technology Group. Phoenix Technology Group was a California-based provider of advanced ophthalmic imaging devices having innovative neonatal ophthalmic imaging devices and telemedicine platforms in its portfolio.

The Neonatal Infant Care Global Market Report 2023 covers regional data on neonatal infant care market size, neonatal infant care market trends and drivers, opportunities, strategies, and neonatal infant care market competitor analysis. The countries covered in the neonatal infant care market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Neonatal infant care is the care or medical assistance given to an infant from the moment it is born until the first month. The care is given to babies who are born prematurely or who are unwell require medical assistance and special care since they have inadequate immunity and organ systems that are not matured enough to survive on their own. Neonatal infant care is used for providing necessary care to infants who are born premature or have a medical condition that needs intensive medical care.

View More Reports Related To The Neonatal Infant Care Market –
Fetal And Neonatal Monitoring Devices Global Market Report 2023
Infant Formula Ingredients Global Market Report 2023
Care Management Solutions Global Market Report 2023

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