According to the research report titled ‘Neonatal Infant Care Market Size By Product Type (Thermoregulation Devices {Neonatal Incubators, Warmers, Neonatal Cooling Systems}, Phototherapy Devices {LED Phototherapy System, CFL Phototherapy System}, Monitoring Systems {Neonatal Ventilation, Brain Monitoring, Blood Gas Monitoring System}, Neonatal Hearing Screening, Neonatal Infant Resuscitator Devices, Vision Screening), By End-use (Hospitals, Nursing Homes, Pediatric & Neonatal Clinics), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2019 – 2025’, available at MarketStudyReport.com, the global neonatal infant care market is expected to cross USD 3.6 billion by the year 2025.
 

Growing occurrences of premature births is the major factor driving the neonatal infant care market. Premature babies are vulnerable to numerous diseases and hence require constant mother’s womb environment. Moreover, premature births are one of the major causes of death among children aged under 5 years. Thus, surging adoption of neonatal infant care devices by neonatal intensive care units & pediatric clinics to offer efficient diagnosis and superior treatment is aiding the expansion of the market. Advancements in neonatal infant care devices is also contributing towards industry trends.
 

As per product type, neonatal hearing screening segment is expected to register considerable growth over the analysis period, owing to rising awareness regarding advantages of early diagnosis. On the other hand, neonatal infant care market from monitoring systems segment was worth USD 350 million in 2018 and is expected to amass substantial growth during the forecast period. These systems include blood gas monitoring system, brain monitoring system, and neonatal ventilation system among others. These devices help in measuring crucial physiological aspects of premature infants. Thus, growing need for effective monitoring systems will propel the segmental growth.
 

Based on end-use spectrum, neonatal infant care market from hospitals segment is projected to grow by 6% during the analysis timeframe. Shifting consumer preference for qualified healthcare professionals is a major factor stimulating the segmental growth. Other factors include escalating investments by governments to improve healthcare infrastructure, in tandem with rising prevalence of preterm births.
 

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Considering geographical landscape, the report cites that North America held the largest share of the global neonatal infant care market in 2018, due to escalating product approvals by government authorities and availability of advanced & quality devices across the region. On the other hand, Germany held 20% revenue share of neonatal infant care market in 2018, owing to growing cases of multiple pregnancies with artificial inseminations and late parenthood. Furthermore, surging prevalence of high blood pressure and obesity in patients, along with high presence of key industry players across the region is propelling market growth.
 

The prominent companies operating in neonatal infant care market are Drägerwerk AG & CO. KGaA, International Biomedical, Natus Medical Incorporated, Medtronic, Ibis Medical, GE Healthcare, and Atom Medical Corp. among others.