Neonatal Infant Care Market Analysis

Neonatal Infant Care Market Analysis

Thermoregulation is a critical function which is quite necessary when it comes to the sick neonates and infants. Hypothermia among the neonates increases the probability and risk of morbidity and mortality. The neonates and pediatric are more prone to poor thermoregulation owing to factors such as high metabolism rate, permeable skin, intrauterine temperature, immature vasomotor control, hypothalamus, and central nervous system, among others.
 

The nursing homes segment in the neonatal infant care market is anticipated to witness growth of more than 8% through 2026 led by enhanced healthcare facilities, presence of specialized healthcare professionals and increase in number of new-born admissions in the nursing homes. Neonatal nursing is defined as a subspecialty of nursing involving the care of young infants. Rise in awareness with respect to nursing homes, the specialized care they provide and advanced equipment for treatment will drive the market size.
 

U.S. dominated the North America neonatal infant care market and was valued at USD 773.6 million in 2019. Presence of several major market players in the U.S. will be a substantial factor for the growth of the market in the region. In future, growing healthcare expenditure and increasing number of product approvals will garner considerable North American market share. Increase in number of infant mortalities in the U.S. will be one of the major driving factors as well.
 

Japan market size was around USD 155 million in 2019 and is projected to expand at a substantial CAGR during the forecast timeframe. Japan is considered as one of the highly favorable countries with respect to infant healthcare. As per the statistics published by the Ministry of Health, Labor, and Welfare, around 1,800 deaths were reported among the infants born before the age of one year in 2017. The neonatal death rate in the country will give rise to necessary market growth opportunities. Also, recent technological developments and high healthcare expenditure will augment the market demand in the region.