Neonatal Intensive Care Unit (NICU) Market Report, published by Accurize Market Research, forecast that the global market is expected to reach $ 9 Billion by 2026, growing at a CAGR of 5.9 % from 2019 to 2026. The European countries followed by the North American countries dominate the market in Neonatal Intensive Care Units (NICU) Market.
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Market Introduction and Market Dynamics
Neonatal Intensive Care Unit (NICU) is a Special Unit in the hospital to take care of the premature birth of babies. The major key market drivers of the global Neonatal Intensive Care Unit (NICU) market are the frequent prevalence of chronic diseases around the world and increase in the prenatal rate. Moreover, the growing birthrate in the developing countries & major investments by their governments in healthcare also supports market growth. However, the high initial cost may hamper the market in African countries. Although overall rising awareness about the childcare across the world, & emergence of the private sector in newborn intensive care units would fuel the market in the upcoming years.
Market Segmentation & Crisp Analysis
The global Neonatal Intensive Care Unit (NICU) market is segmented into product, application, end-user & geography. In the product segment, the market is divided into incubators, neonatal monitoring devices, respiratory devices, phototherapy equipment, infant warmers, convertible warmers, catheters, and others. The application segment is classified into the lower birth rate, genetic disorders, neonatal hypothermia, major birth defects, and premature births. The end-user segment is classified into Pediatric Hospitals, Childcare Clinics, Birthing Centers & others.
By geography, the market is covered under various distinct geographical regions such as North America, Europe, Asia- Pacific, and Rest of the World. The country-wise analysis has been also covered under the scope of the report. North America covers the U.S., Canada, and Mexico while Europe covers Germany, France, Italy, U.K., Belgium, Spain, Turkey, Netherlands, & Rest of Europe. Japan, China, Russia, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines and Rest of Asia-Pacific have been analyzed under the Asia-Pacific market. Rest of the world includes Central & South America, the Middle East, and Africa & its countries.
Manufacturers’ Competitive Analysis
The top players operating in the market are frequently investing on research & development and are planning to increase their presence in the untapped emerging economies. Major companies operating in the Neonatal Intensive Care Unit (NICU) Market are Becton, Dickinson (BD) and Company, Teleflex incorporated, Digicare Biomedical Technologies Inc, Smiths Group plc, Phoenix medical Systems, C.R Bard, Medtronic plc, Philips, Cook Medical, and others
Scope of the Report
The scope of the report covers in-depth analysis of the market in terms of both qualitative and quantitative analysis across the segment as well as cross-sectional analysis of the segments including the geographies and its countries. Key companies operating in this market and their company profile along with market share analysis and competitive scenario is also part of the report. Furthermore, the client information from different industries from the point of view of manufactures has been provided in this report. The data of revenue share, shipment, gross profit, net income have also been included to give a better understanding of the competitors in the Neonatal Intensive Care Unit (NICU) Market.
Research Methodology
Destined by the dedicated team of analysts and experts, we are envisioned to provide you our best in order to plan your next strategic across several industry verticals. AMR has developed advanced analyst tools and data models to enhance and augment the analysis process. Corresponding to markets, where there is momentous lack of information and estimates, AMR’s team of experts and analyst practice specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to inspect the prospects and opportunities existing in the market to achieve a specific forecast of the market.
The Key Opinion Leaders (KOLs) of the respective industry are interviewed and their insights are matched with our findings and database we have and thus we validate our estimates, forecast and provide you the analysis. We put together our effort and prepare an inclusive questionnaire depending on the title of the market we are tracking and extract the important information we require to validate our findings. Also, we have top five global knowledge partners such as Bloomberg, S&P Global, and Dow Jones, among others for ultimate data validation, prepared by our research team.
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