Global Neonatal Intensive Care Market | 2021 Global Healthcare Industry Analysis To 2028, is latest report on Global Neonatal Intensive Care Industry, published by Fortune Business Insights. According to this report Global Neonatal Intensive Care Market to rise at healthy Compound Annual Growth Rate by 2028. Market for Neonatal Intensive Care Industry is segmented By Product Type (Neonatal Intensive Care Frames and Spectacle Lenses), By Modality (Prescription and Over-the-counter) By Distribution Channel (Retail Store, Online Store, Ophthalmic Clinics), and Regional Forecast, 2020-2027
Major Neonatal Intensive Care Manufacturers covered in the market report include:
- Phoenix Medical Systems (P) Ltd.
- Fisher & Paykel Healthcare Corporation Limited
- Masimo Corporation
- General Electric Company
- Inspiration Healthcare Group plc
- Drägerwerk AG & Co. KGaA
- Other players
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Neonatal Intensive Care Market Analysis 2021:
The global Neonatal Intensive Cares market size is projected to rise remarkably on account of the increasing number of chronic and acute diseases and the advent of technologically advanced procedures to diagnose them. Neonatal Intensive Care is an imaging scanner intensifier used for intraoperative imaging in surgical, orthopaedic, or emergency diagnostic procedures owing to its radiographic abilities.The increasing number of chronic and acute diseases requiring imaging procedures is a crucial factor propelling the Neonatal Intensive Cares market growth.
This, coupled with a rise in the demand for minimally invasive procedures, is also expected to aid in the expansion of the market. Also, the advent of artificial intelligence in radiology for assisting the discovery of genomic markers will boost the market growth in the coming years.On the contrary, factors such as high cost of Neonatal Intensive Cares instruments may pose a significant hindrance to the market in the coming years.
Nevertheless, they have a wide variety of applications such as urology, vascular, neurovascular, spinal surgery, and others. The increasing demand for Neonatal Intensive Care imaging system from the applications listed above is likely to create lucrative growth opportunities for the market in the coming years.
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Neonatal Intensive Care market is likely to rise at a CAGR of 4.6% and reach USD 2,453.3 million by the end of 2027 from a revenue of USD 1,708.1 million generated in the year 2019. The forecast period is set between 2020 to 2027.
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
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