As per the latest MRFR report, such factors include increasing neonatal population, growing cases of diseases in new-born children, a growing number of premature birth cases, and rising prevalence of chronic diseases like diabetes and high blood pressure.
The global neonatal intensive care market size is likely to grow at a 5.5% CAGR between 2018- 2023, according to the new report by Market Research Future (MRFR). Neonatal intensive care unit or NICU, simply put, are special nursery care rooms that are specially designed for newborns that require intensive medical care. These units are equipped with the latest advanced machinery, which will help in supporting the preterm babies with serious medical conditions.
Based on the region, the global neonatal intensive care market report covers the recent trends and growth opportunities across the Americas, Europe, the Asia Pacific (APAC), & the Middle East and Africa. Of these, the Americas will lead the market over the forecast period. Increasing government support, rising neonatal population, and growing incidences of congenital disorders in newborn are adding to the global neonatal intensive care market growth in the region.
The global neonatal intensive care market in Europe is predicted to hold the second-largest share over the forecast period. Favorable support from the government, such as health insurance and National Health Service, rise in insurance coverage, technological advances, and the presence of a well-established healthcare system are adding to the global neonatal intensive care market growth in the region.
The MRFR report provides an inclusive segmental analysis of the global neonatal intensive care market report based on end-user and product.
By product, the global neonatal intensive care market is segmented into catheters, phototherapy equipment, convertible warmer and incubators, neonatal monitoring devices, respiratory devices, incubators, infant warmers, and others. The infant warmers segment is sub-segmented into non-electrical infant warmers and electric infant warmers.