Neonate refers to the newly born baby. Neonatal is the period of around 4 weeks after birth. Among children, newborns have higher risk of death as they are more susceptible to acquire infections. Individuals taking care of neonatal infants are called neonatologists. Neonatologists provide comprehensive treatment and care to premature and full-term infant. The immune system of neonatal infant is not fully developed, which increases risk of developing various neonatal disorders. Neonate may suffer from various disorders such as neonatal cardiac murmur, neonatal diarrhoea, neonatal distress, sudden infant death syndrome, neonatal edema, neonatal hypoglycaemia, neonatal jaundice, and neonatal abstinence syndrome. Sudden infant death syndrome is the leading cause of death among neonatal infants who are between one month and one year. Neonatal jaundice refers to the yellowish coloration of the skin. It can occurs in infants within few days of birth. Some other disorders include neonatal hypothyroidism, neonatal thrombocytopenia, and neonatal seizures. Some of the common symptoms associated with neonatal infant disorders include fever, rapid breathing, poor feeding, vomiting, sneezing, and irritability. Moreover, chewing movements and persistent eye deviation are some other symptoms of these disorders.
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Common diagnosis tests for neonatal infant include urine test, electroencephalography (EEG), and neonatal abstinence syndrome scoring system. Ultrasound, fetal echocardiography, amniocentesis, chorionic villi sampling, and glucose screening are some common diagnosis therapies used to diagnose neonatal infants. Moreover, integrative therapies such as acupuncture, hydrotherapy, and of folic acid and riboflavin medications are also used to treat neonatal disorders. Bili lights, blood pressure monitor, incubator, ventilator, oxygen hood, pulse oximeter, and radiant warmer are some of the commonly used equipment used to monitor neonatal disorders. Other neonatal monitoring equipment include respirator, intravenous line, central line, and continuous positive airways pressure (CPAP).
Currently, North America dominates the global neonatal infant care market, followed by Europe. This is due to high disposable income and availability of technologically advanced diagnosis equipment for the treatment of neonatal disorders in these regions. Asia is expected to be the fastest growing market in the next five years. This is due to rising birth rate and improving healthcare infrastructure in this region. Moreover, rising awareness about healthcare and increasing initiatives by various governments for infant care are also driving the growth of the neonatal care market in the region.
Rising awareness about healthcare and increasing investments in R&D in the pharmaceutical sector are some of the key factors driving the growth of the global neonatal infant care market. Furthermore, rising initiatives by various government and non government organizations for improving child health and development of integrated and multifunction equipments are also fuelling the neonatal infant care market. However, intense competition among existing players is restraining the growth of the market.
Software solutions for user-friendly devices and increasing focus towards emerging market such as India and China could open up opportunities for new players in the global neonatal infant care market. Moreover, safety and quality of neonatal diagnosis equipment and therapies could restrain the growth of the market. Major companies operating in this market are GE Healthcare, Koninklijke Philips N.V., Smiths Medical, CareFusion Corporation, Phoenix Medical Systems (P) Ltd., Fisher & Paykel Healthcare Limited, Getinge AB, Natus Medical Incorporated, and Analogic Corporation.
Key geographies evaluated in this report are:
- North America
- France, Germany, Italy, Spain, and the UK
- Eastern Europe
- Latin America
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Key features of this report
- Drivers, restraints, and challenges shaping the Neonatal Infant Care market dynamics
- Latest innovations and key events in the industry
- Analysis of business strategies of the top players
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