NEONATAL INFANT CARE EQUIPMENT MARKET ANALYSIS

Neonatal Infant Care Equipment Market, By Product Type (Thermoregulation Devices (radiant warmers, neonatal incubators, and neonatal cooling systems), Phototherapy Equipment (LED Phototherapy Unit, CFL Phototherapy Unit, and Phototherapy Eye Mask), Neonates Neonatal Monitoring Systems (Neonatal Ventilation, Brain Monitoring, and Blood Gas Monitoring System), Hearing Screening, and Vision Screening), By End user (Hospitals, Pediatric and Neonatal Clinics, and Nursing Homes), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) -

Published In : Jun 2023
Code : CMI3661
Pages :180
Formats :
Excel and PDF
Industry : Medical Devices

Market Challenges And Opportunities

Global Neonatal Infant Care Equipment Market – Drivers

Increasing incidences of preterm births and corresponding efforts to increase their survival rates

Increasing incidences of preterm births and corresponding efforts to increase their survival rates is expected to drive the global neonatal infant care equipment market growth over the forecast period. For instance, according to the U.S. Department of Health & Human Services, in November 2022, reported preterm birth rate rise 4% in 2021, from 10.1% in 2020 to 10.5% in 2021. However, racial and ethnic differences in preterm birth rates remain in 2021, the rate of preterm birth among North America women’s (14.8%) was about 50% higher than the rate of preterm birth among white or hispanic women.

Increasing population globally

Increasing population globally is also expected to drive the market growth. For instance, in July 2022, according to report published by Population Reference Bureau (PRB) included in the 2021 World Population Data Sheet, the world population is expected to reach 10.8 billion by 2050, increased by 2.3 billion or 29% from 6.7 billion people in 2021.

Restaints

Product recall of neonatal infant care equipment

Product recall of neonatal infant care equipment is expected to hamper the growth of the global neonatal infant care equipment market over the forecasted time. For instance, in June 6, 2023, Abiomed, Inc. is a medical device technology company Recalled Specific Impella 5.5 with SmartAssist for Purge Fluid Leaks that Can Cause Pump Stop and Loss of Support. The FDA has identified this as a Class I recall, the most serious type of recall. Use of these devices may cause serious injuries or death.