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DUBLIN--(BUSINESS WIRE)--Sep 28, 2022--
The "Neonatal Care Equipment Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product" report has been added to ResearchAndMarkets.com's offering.
The neonatal care equipment market is projected to reach US$ 3,103.81 million by 2028 from value of US$ 1,934.24 million in 2021; it is expected to register a CAGR of 7.0% from 2022 to 2028
The growing number of premature and low-weight births and an increasing number of NICU admissions drive the growth of neonatal care equipment. However, the decreasing birth rates and high prices of products with neonatal care equipment hamper the market growth.
Neonatal care equipment is used to care for small and sick neonates to keep them warm, track their growth, treat jaundice, and provide oxygen or respiratory support. The neonates are taken care of by using various devices such as electric warmers, neonatal ventilators, continuous positive airway pressure devices, blood pressure monitors, cardiac monitors, pulse oximeters, capnographs, integrated monitoring devices, and other devices.
Preterm birth remains a significant public health problem, contributing to 75% of worldwide neonatal mortality. Low birth weight (LBW) is an important but imperfect surrogate for preterm birth when the accurate determination of gestational age is impossible. While there is overlap between preterm births and LBW newborns, those who are both preterm and LBW are at the highest risk for adverse neonatal outcomes.
The World Health Organization (WHO) estimates that over 15 million infants are born prematurely yearly, and around 1 million die from premature birth problems. According to the World Health Organization, more than 60% of preterm births occur in South Asia and Africa. The preterm birth rate in low-income countries was around 12%, compared to 9% in higher-income countries. Approximately 3,519,100 preterm births were recorded in India in 2018.
The increasing prevalence of hypothermia in preterm infants is a significant public health concern. The World Health Organization reported it as a leading cause of neonatal mortality and morbidity. Common causes of premature birth are infections, chronic diseases such as high blood pressure and diabetes, and multiple pregnancies; however, often, no cause is identified. Therefore, the increasing number of preterm births and increased survival concerns fueled the demand for neonatal care equipment to manage the complications associated with preterm birth.
Technological advances and innovations in the 21st century aimed at developing highly efficient tools for effective infant care have proven significant in managing preterm infants. Devices such as infant warmers and incubators, respiratory support and monitors, phototherapy devices, and neonatal monitors are used for critical care and monitoring of the baby.
Double-walled servo-controlled incubators and improved mechanical fans ensure better treatment and care than their predecessors and have better yields and positive results. Also, several multi-chain hospitals opened specialized pediatric clinics in different locations to increase access to neonatal clinics.
In addition, the number of neonatal intensive care units in community hospitals and specialized neonatal clinics open for service in various locations increased the demand and use of neonatal treatment equipment, which would provide opportunities for the neonatal care equipment market to grow significantly.
Recent developments related to neonatal care equipment
Key Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Future Trends
Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/xh3z2p
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KEYWORD:
INDUSTRY KEYWORD: MEDICAL DEVICES HOSPITALS CONSUMER HEALTH BABY/MATERNITY
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 09/28/2022 07:22 AM/DISC: 09/28/2022 07:22 AM
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