Neonatal infant care market in Australia was valued at US$85 million in 2019 and is expected to record commendable growth over the next few years. The regional growth can be mainly attributed to rising number of people opting for late parenthood. In addition, changing lifestyles and associated problems such as high blood pressure and obesity is likely to increase neonatal complications among infants.
Rising occurrences of pre-term births, alongside myriad neonatal complications will boost the demand for neonatal infant care devices. Babies born prematurely are vulnerable to various disease, as their immune system is underdeveloped, and thereby require constant nursing and care in order to grow properly. According to WHO estimates, more than 150 million babies worldwide are born prior to the completion of the gestation period.
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Based on the product spectrum, the neonatal infant care market is categorized into monitoring systems, phototherapy devices, neonatal hearing screening, vision screening, thermoregulation devices, neonatal infant resuscitator devices, and others. Among these, the monitoring systems segment registered remuneration with over $395.1 million in 2019. Monitoring systems include brain monitoring, neonatal ventilation, blood gas monitoring and other systems that facilitate observation and supervision of various neonatal infant physiological parameters.
With respect to end-use, the neonatal infant care market is bifurcated into nursing homes, hospitals and paediatric & neonatal clinics. Of these, the hospitals segment is poised to depict a CAGR of over 6.5% through 2026, owing to higher propensity of patients towards these facilities, for better and more efficient treatment, presence of qualified healthcare staff, sophisticated equipment and reimbursement options.
Major players in the neonatal infant care market landscape are also involved in several lucrative strategies in recent years, ranging from partnerships, to expansions to product developments and more, in order to gain a more competitive position in the overall market space. For instance, HAMS Hospital, in 2019, upgraded its neonatal care unit to a level III NICU, with the including of 2 isolation beds, 2 step down beds, and neonatal care devices such as 4 incubators, 3 ventilators, and 3 bubble CPAPs, designed to provide optimal care for low birth weight infants, neonatal jaundice patients, and Hyaline membrane disease, patients, among others.
Atom Medical Corporation, GE Healthcare, Fisher & Paykel Healthcare Limited, Phoenix Medical Systems Pvt Ltd, International Biomedical, Medtronic, Ibis Medical, Neotech Medical Systems Pvt. Ltd. Koninklijke Philips N.V., Natus Medical Incorporated, and Drägerwerk AG & Co. KGaA are some of the notable players in global neonatal infant care market.
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Partial Chapter of the Table of Content
Charts & Figures
FIG. 1 Top-down approach (supply side analysis)
FIG. 2 Bottom-up approach (demand side analysis)
FIG. 3 Data validation
FIG. 4 Industry segmentation
FIG. 5 Global neonatal infant care market size, 2015 – 2026 (USD Million)
FIG. 6 Growth potential analysis, by product type
FIG. 7 Growth potential analysis, by end-use
FIG. 8 Porter’s analysis
FIG. 9 Competitive matrix analysis, 2019
FIG. 10 PESTEL analysis
FIG. 11 Key segment trends, by product type
FIG. 12 Key segment trends, by end-use
FIG. 13 Key regional trends
FIG. 14 Strategy dashboard, 2019
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