According to a new report Global Neonatal Critical Care Equipment Market, published by KBV research, The Global Neonatal Critical Care Equipment Market size is expected to reach $1.2 billion by 2026, rising at a market growth of 12.4% CAGR during the forecast period.
The respiratory equipment segment dominated the market. The growth in the demand for neonatal critical care equipment is defined by a rise in respiratory disorders needing neonatal intensive care unit treatment and the introduction of new products. The Thermoregulation Equipment market is expected to witness a CAGR of 11.5% during (2020 - 2026). Additionally, The Monitoring Equipment market would showcase highest CAGR of 13.1% during (2020 - 2026).
North America led the regional segment of the market owing to the growing demand for technically innovative products to ensure improved healthcare delivery for neonates. The value-based healthcare model has contributed to the growth of well-equipped NICU centers coupled with a growing number of FDA approvals for neonatal critical care facilities. The Europe market is poised to grow at a CAGR of 12% during (2020 - 2026).
In the Asia Pacific, the demand for neonatal critical care devices is expected to record the highest growth. The growth in the market for neonatal critical care facilities is attributed to the high number of new births and the increase in healthcare expenditure in the region.
Structural Insights: https://www.kbvresearch.com/neonatal-critical-care-equipment-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Cardinal Health, Inc., General Electric (GE) Co. (GE Healthcare), Medtronic PLC, Ambu A/S, Becton, Dickinson and Company, Koninklijke Philips N.V., Dragerwerk AG & Co. KGaA, Utah Medical Products, Inc., Natus Medical Incorporated, and Inspiration Healthcare Group PLC.
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