Press Release

Neonatal Care Equipment Market to Garner Considerable Growth; Growing Investment in Equipment Development to Surge Demand: Fortune Business Insights™

Neonatal care equipment market Size| 2021 Covid-19 Impact On Healthcare Industry Global Analysis By Size, Trends, Growth, Share, Business, Key Players And Regional Forecast latest study published by Fortune Business Insights. The global ”neonatal care equipment market” is expected to experience considerable growth backed by the increasing prevalence of neonatal disease and the growing investment in setting up facilities that is likely to propel the demand for advanced neonatal care equipment. Fortune Business Insights, published this information in its upcoming report, titled, “Neonatal Care Equipment Market Size, Share & Industry Analysis, By Product (Incubators, Monitoring Devices, Phototherapy Equipment, Respiratory Devices, Others), By End User (Hospitals, Neonatal Clinics, NICU, Others) and Regional Forecast, 2020-2027.”

The widespread effect of the global pandemic, COVID-19, has been felt across several economies that are facing unprecedented loss. Owing to the lockdown announced by the government agencies, several industries have been on a standstill with limited operational activities. However, a collective effort from the government as well as the industries is likely to bring the economy back on track and aid in the resumption of industrial activities.

Neonatal care equipment are machines that are used to monitor the baby during birth. They are a special care equipment that are widely adopted to treat birth problems during premature birth or other health complications.

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Global Neonatal care equipment Market Highlights:

The Neonatal care equipment Market report offers an in-depth analysis of the Neonatal care equipment industry and the demand drivers by highlighting information on several aspects of the market. Prudent Markets addresses all these aspects and provides the latest scoop and detailed eye-opening study on all major & emerging business segments. In addition to this, the report sheds light on the industry developments by key players, which are contributing to the expansion of this industry. The development scope, feasibility study, Neonatal care equipment market concentration, and maturity analysis is elaborated in this report.

Information given in the research report pertains to different technological advancements introduced in recent years, which allows for a meticulous analysis of the industry and offers a more comprehensive understanding to the readers.

The outbreak of covid-19 in the global market has made companies uncertain about their future scenario as the prolonged lock-down finds a serious economic slump. The latest survey on COVID-19 Outbreak-Global Neonatal care equipment Market is conducted to provide hidden gems performance analysis. Essential growth factors and study of Basis points [BPS] have been discussed in the following report. Research Report explains a detailed overview of market dynamics, segmentation, product portfolio, business plans, and the latest development in the industry.

Out research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers and acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.

It offers figurative estimations for upcoming years on the basis of the recent developments and historic data. For gathering information and estimating revenue for all segments, researchers have used top-down and bottom-up approaches. On the basis of data collected from primary and secondary research and trusted data sources the report will help both existing and new aspirants for Neonatal care equipment market to figure out and study the market’s needs, market size, and competition.

REGIONAL INSIGHTS

Medical Advancement in North America to Accelerate Growth

Among all the regions, North America is expected to remain at the forefront and hold the highest position in the global neonatal care equipment market in the forthcoming years. This is attributable to the presence of advanced medical care that is likely to drive the adoption of innovative neonatal care equipment in the region between 2020 and 2027.

The market in Asia-Pacific is likely to gain momentum owing to high demand for advanced neonatal facilities and the growing focus on providing optimum healthcare facilities in the region.

COMPETITIVE LANDSCAPE

Contract Signing by Key Players to Strengthen Their Market Positions

The global neonatal care equipment market is fragmented by the presence of key players that are focusing on receiving notable contracts to expand their advanced neonatal care equipment portfolio. Moreover, the other major companies are adopting inorganic and organic strategies to gain a major chunk of the market share during the forecast period.

Regional Analysis:

The global neonatal care equipment market has been segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America followed by Europe dominated the global neonatal care equipment market in 2019, owing to the rise in prevalence of associated disease of neonates and higher investments for advancements in the NICU facilities. However, increasing patient pool suffering from associated disease and demand for effective neonatal care equipment in Asia Pacific is likely to accelerate the growth of the market in this regions. This along with setup of neonatal facilities in the developing countries to rise the value of neonatal care equipment market. Latin America and Middle East & Africa are projected to register a comparatively lower CAGR by the end of the forecast period.

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DRIVING FACTORS

Increasing Prevalence of Neonatal Disease to Propel Market Growth

According to the World Health Organization, around 15 million babies are born pre-maturely across the globe. The increasing prevalence of neonatal disease is expected to drive the adoption of advanced neonatal care equipment to treat child birth defects. Additionally, the surging investment in the development of advanced neonatal care facilities globally is expected to contribute to the global neonatal care equipment market growth in the forthcoming years.

Industry Development:

  • November 2020 – Novant Health Presbyterian Medical Center (NHPMC) Foundation received a grant worth USD 43,563.13 from Brave Beginnings to purchase Drager Babyleo for its neonatal intensive care unit. The neonatal care equipment provides prompt delivery care and ensures better survival rate of infants.

List of the Companies Profiled in the Global Market for Neonatal Care Equipment:

  • BD
  • Medtronic plc.
  • GE Healthcare
  • Koninklijke Philips N.V
  • Drägerwerk AG & Co. KGaA
  • Natus Medical Incorporated
  • PHOENIX MEDICAL SYSTEMS PVT. LTD.
  • Others

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