Top Ten Common Prejudices About Polyethylene Naphthalate Market.
Due to medical issues such as low birth weight and early birth, Neonatal Infant Care Equipment Market and newly born newborns require special assistance and/or monitoring. These infants are placed in a special ward and given care known as neonatal care in order to ensure good care and healthy development. Neonatal equipment refers to devices and equipment used in neonatal intensive care units (NICUs), paediatric intensive care units (PICUs), and other settings to care for newborns.
Over the projected period, the global Neonatal Infant Care Equipment Market is expected to develop due to rising preterm birth rates and associated initiatives to improve their survival rates. According to the March of Dimes 2019 report card, the United States' preterm birth rate increased to 10.02 percent in 2018 from 9.63 percent in 2015.
The market is also predicted to rise as the population grows. According to Population Reference Bureau (PRB) forecasts provided in the 2018 World Population Data Sheet, the global population is predicted to reach 9.9 billion by 2050, up 2.3 billion or 29% from an estimated 7.6 billion in 2018.
In terms of value, North America dominated the global Neonatal Infant Care Equipment Market in 2019, accounting for 37.8% of the total, followed by Europe.
The global Neonatal Infant Care Equipment Market is likely to be hampered by declining birth rates in several nations over the forecast period. For example, according to the National Vital Statistics System, the provisional number of births in the United States in 2018 was 3,788,235, down 2% from 2017 and the lowest number in 32 years.
Furthermore, high product prices are projected to stymie market expansion. The high cost of equipment like brain monitoring devices and ventilators has limited their use in developing countries. Companies, on the other hand, are concentrating on developing low-cost items.
Players in the industry could expect profitable growth possibilities as a result of public and private initiatives to support neonatal baby care. The Great Orchestra of Christmas Charity Foundation, for example, raised US$ 42.28 million in January 2020 for the acquisition of medical equipment for neonatal units in Poland.
Furthermore, the licencing of aircraft for transporting neonatal patients is projected to help the industry develop. Kazan Helicopters, for example, gained approval from Rosaviatsiya (Russia's Federal Air Transport Agency) in March 2020 to equip Ansat helicopters with a unique module for transporting Neonatal Infant Care Equipment Market.
Hypothermia is common in newborns born in hospitals, which means that neonatal baby care equipment will be in high demand. According to a study published in August 2018 titled "Neonatal hypothermia and related variables among newborns hospitalised to neonatal intensive care units of public hospitals in Addis Ababa, Ethiopia," the prevalence of neonatal hypothermia in the study area was 64 percent.
Neonatal Infant Care Equipment Market jaundice is very common all over the world. The prevalence of newborn jaundice and risk factors in healthy term neonates at National District Hospital in Bloemfontein, for example, was 55.2 percent in the study group, according to a study published in April 2018 in the African Journal of Primary Health Care & Family Medicine.
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