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Posted by smithmorgan on September 16, 2024 at 6:42pm 0 Comments 0 Likes
Posted by smithmorgan on September 16, 2024 at 6:42pm 0 Comments 0 Likes
Posted by smithmorgan on September 16, 2024 at 6:42pm 0 Comments 0 Likes
A new-fangled norm is likely to be observed by the healthcare vertical going forward. In other words, the novel healthcare vertical normal for supply chains, tech projects, governing critical supplies, regulations, and resilience would be new frameworks built by inter-governmental and governmental agencies for data sharing and response to disease. The Neonatal Infant Care Market is there to move along the private and public collaborations and alliances.
Presently, various types of neonatal monitoring, assistance, and therapeutic care equipment are available commercially. Demand for neonatal infant care equipment is increasing across regions owing to rising prevalence of preterm birth complications and incidence of jaundice in neonates. Technological advancements along with improvements in available neonatal infant care equipment have benefitted manufactures and users alike. Demand has been increasing significantly across both, developed as well as emerging economies. There is especially high demand for thermoregulation devices such as warmers, incubators, eye masks, and monitoring systems.
According to a revised report published by Persistence Market Research, the global neonatal infant care equipment market was valued at US$ 1.9 Bn in 2019, and is predicted to witness an impressive CAGR of 6.5% over the forecast period (2020–2030).
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Companies covered in Neonatal Infant Care Market Report
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Key Takeaways from Market Study
“New product approvals and launch of advanced neonatal equipment, along with growing demand for jaundice management in newborns, are factors aiding market expansion,” says a Persistence Market Research analyst.
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Collaborations and Acquisitions by Key Players
Prominent players in the global neonatal infant care equipment market are firming their product ranges through acquisitions and collaborations to reach out to emerging markets. Leading manufacturers are actively focusing on technological advancements as well. Manufacturing capacity expansion is expected to remain a crucial trend over the coming years.
For instance, in February 2021, Medtronic plc announced the results of the prospective observational study comparing the efficacy and reliability of two pulse oximeters — Nellcor™ Bedside SpO2 Patient Monitoring System and Masimo Radical-7® Pulse CO-Oximeter®. The study was carried out in collaboration with global healthcare communities.
Increasing Focus on Distribution Network
Neonatal infant care equipment manufacturers are following a collaborative approach, between companies and nursing homes or maternal hospitals, which is expected to enhance their distribution networks across regions.
Multinational companies such as GE Healthcare and Fanem Ltda. have signed strategic alliances with hospitals for supplying neonatal infant care equipment, to improve their distribution network in emerging markets.
What Does the Report Cover?
Persistence Market Research offers a unique perspective and actionable insights on the neonatal infant care equipment market in its latest study, presenting historical demand assessment of 2015 – 2019 and projections for 2020 – 2030. The research study is based on product (thermoregulation devices [radiant warmers, neonatal incubators, and neonatal cooling systems], phototherapy devices [LED phototherapy units, CFL phototherapy units, and phototherapy eye masks], monitoring systems [neonatal ventilation, brain monitoring, blood gas monitoring system], hearing screening and vision screening) and end user (hospitals, pediatric & neonatal clinics, and nursing homes), across seven key regions of the world.
About Us:
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers’ experience by acting as the “missing” link between “customer relationships” and “business outcomes’. The best possible returns are assured therein.
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