Technological Innovations To Propel The Neonatal Infant Care Market At The Rate Of 6.5% Between 2020-2030

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Neonatal Infant Care Market
Report Id PMRREP4157 Category Life Science
Healthcare
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Technological Innovations To Propel The Neonatal
Infant Care Market At The Rate Of 6.5 Between
2020-2030

• 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
  (20202030).

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Key Takeaways from Market Study

• Based on product, thermoregulation devices are
  expected to represent more than 50 of the
  revenue share.
• By end user, hospitals account for a major
  revenue share of 52.8, and the trend is
  projected to continue during the forecast period
  as well, due to availability advanced facilities,
  point of care services, and presence of skilled
  professionals.
• Availability of a wide range of advanced neonatal
  equipment, rising prevalence of preterm births,
  and increasing healthcare expenditure are factors
  aiding market growth.
• North America, followed by Europe, are leading
  regions in the global neonatal infant care
  equipment market.
• The market in the U.S. is projected to expand at
  a CAGR of nearly 7, while that in the U.K. at
  6.5.
• Both, China and India, are projected to
  experience a CAGR of more than 7, on back of
  high birth rates in the countries.
• 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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