Neonatal Intensive Care Market to Expand at CAGR of 5.4% during Forecast Period, Notes TMR Study

ALBANY, N.Y., March 15, 2022 /PRNewswire/ -- The value of global neonatal intensive care market stood over US$ 1.5 Bn in 2018 and is anticipated to develop at a CAGR of 5.4% during the forecast period, from 2019 to 2027. Babies with low birth weight, premature babies, and babies with particular health issues can be admitted to neonatal intensive care units. The infant may have health issues such as birth abnormalities, infections, cardiac problems, breathing difficulties, etc. NICUs combine innovative technology with highly qualified healthcare experts to give intensive medical treatment to newborn babies admitted to this special department.

Request Brochure of Neonatal Intensive Care Market Research Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=36737 

Due to rising occurrence of preterm birth with low-birth weight newborns, these newborn babies are prone to necrotizing enterocolitis and nosocomial infection, adding to the demand for NICU services at hospital facilities. These infections have the potential to be fatal. Birth asphyxia infections, preterm delivery problems, and newborn infections are responsible for more than 80% of all global neonatal fatalities, as per the WHO (World Health Organization). As a result, the demand for NICU services has grown with rise in problems during pregnancy.

Request for Analysis of COVID-19 Impact on Neonatal Intensive Care Market – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=36737 

Key Findings of Market Report

• As the number of issues with the material used to manufacture vascular catheters increased, new and superior technology was developed. The utilization of blood compatible polymer resins, for instance, in BioFlo catheters, has shown to reduce thrombus buildup on catheters. Such developments are expected to drive innovations in the global market.
• In 2018, the global neonatal intensive care market was led by central catheters, and this trend is projected to persist during the forecast period. The introduction of innovative, more user-friendly procedures for inserting peripherally implanted central catheters is a primary factor supporting market expansion.
• In 2018, North America led the global neonatal intensive care market, a trend that is expected to continue during the forecast period. The market in North America is likely to be driven by growing demand for NICU services, increasing number of pre-term deliveries, and need for technologically sophisticated instruments for neonatal care.
• Asia Pacific is likely to be a promising region in the market for neonatal intensive care, with a high CAGR during the forecast period
• Technologically upgraded goods, regulatory approvals, the introduction of innovative products, and acquisitions and collaboration partnerships with other firms are all strategies of key competitors in the global neonatal intensive care market. The global market is anticipated to increase as a result of these measures.

Get Exclusive PDF Sample Copy of Neonatal Intensive Care Market Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=36737

Global Neonatal Intensive Care Market: Growth Drivers

• Based on application, the medication administration category led the global neonatal intensive care market due to increase in administration of antibiotics and iron supplements, and demand for antibiotic treatment
• The market is expected to rise due to the widespread availability of innovative vascular access catheters such as antibacterial and antithrombogenic catheters, as well as power injectable peripheral catheters. Increasing number of difficulties associated with the materials utilized in manufacturing vascular catheters prompted the development of new and superior technologies.

Enquiry Before Buying - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=36737 

Global Neonatal Intensive Care Market: Key Players

Some of the key market players are

• Becton Dickinson and Company
• Utah Medical Products
• B. Braun Melsungen AG
• C. R. Bard, Inc.
• Smiths Medical, Inc.
• Teleflex Incorporated

Global Neonatal Intensive Care Market: Segmentation

Product Type

• Infant Warmers
• Incubators
• Convertible Warmer & Incubators
• Neonatal Monitoring Devices
• Respiratory Devices
• Phototherapy Equipment
• Catheters
• Others

End User

• Hospitals
• Childcare Clinics
• Others

Modernization of healthcare in terms of both infrastructure and services have pushed the healthcare industry to new heights, Stay Updated with Latest Healthcare Industry Research Reports by Transparency Market Research:

Infant Radiant Warmer Market: Major factors responsible for the growth of the global infant radiant warmer market include high population growth, especially with complications such as premature birth and low birth weight, alongwith growing incidence of hospital-acquired infections.

Neonatal Intensive Care Respiratory Devices Market: The global neonatal intensive care respiratory devices market was valued at US$ 1,500 Mn in 2017 and is projected to expand at a CAGR of 5% from 2018 to 2026. High incidence rate of respiratory diseases in newborn babies and increase in incidence of preterm births and corresponding efforts to improve survival rates are anticipated to boost the growth of the global market from 2018 to 2026.

Oncology Nutrition Market: The global oncology nutrition market was valued at US$ 836 Mn in 2018 and is projected to expand at a CAGR of ~6% from 2019 to 2027. Higher incidence & prevalence of cancer across the world is the major driver of the global oncology nutrition market. For instance, according to the WHO, 2,378,785 new cancer cases were seen in North America in 2018.

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

For More Research Insights on Leading Industries, Visit Our YouTube Channel and hit subscribe for Future Update - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ

Contact

Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: [email protected]
Follow Us: Twitter | LinkedIn
Blog: https://tmrblog.com
Browse PR - https://www.transparencymarketresearch.com/pressrelease/neonatal-intensive-care-market.htm 

SOURCE Transparency Market Research