The North America Neonatal Critical Care Equipment Market would witness market growth of 11.6% CAGR during the forecast period (2020-2026). Advances in monitoring technologies and their increasing deployment in NICUs is a key factor enabling faster and easier measurement of myriad physiological parameters in neonates. Existing neonatal monitors integrate several features, including ECG recordings, oxygen saturation over time, respiratory rate and airflow, and invasive blood pressure.
Value-based healthcare models have led to the development of NICU centers that are well equipped with testing and diagnostic facilities, along with a growing number of FDA approvals for such devices. In addition, the market for non-obtrusive neonatal tracking solutions has been driven by a steady rise in awareness of excessive sensory stimuli, discomfort, and procedural pain. Demand for neonatal brain monitoring equipment and video recording devices would also achieve strong momentum in the near future.
Through NICU admissions, several parameters and data points are gathered and centrally controlled, like physiological parameters, sensor readings, device data, and interventions and experiences of caregivers. High data volume produced in NICUs is leveraged for predictive monitoring, which includes physiological data analysis to classify high-risk infants, enabling early identification of an illness.
Monitoring equipment is one of the essential neonatal critical care services in the NICU system. Key manufacturers are therefore undergoing research and development projects to launch innovative monitoring equipment for use in the neonatal intensive care unit. For example, in June 2019, Masimo received the U.S. Food and Drug Administration (FDA) approval for the use of O3 Regional Oximetry in neonatal patients.
Based on Type, the market is segmented into Respiratory Equipment, Thermoregulation Equipment, Monitoring Equipment, Phototherapy Equipment, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: Neonatal Critical Care Equipment Market in North America is expected to register a CAGR of 11.6% during the forecast period (2020-2026)
The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report include 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.
Market Segmentation:
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By Country
Companies Profiled
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