Demand For Neonatal Monitoring Equipment Market To Record A Steady 5.7% CAGR By 2028
According to Fact MR’s recent market research, Neonatal Monitoring Equipment sales to swell at propelled CAGR through 2031, as investment towards expansion of healthcare infrastructure continues rising. The goal of the survey is uncover growth opportunities, key trends, growth drivers, and challenges. It also provides recommendations to assist businesses in preparing for unforeseen challenges.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Neonatal Monitoring Equipment market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Neonatal Monitoring Equipment
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Neonatal Monitoring Equipment Market: Ventilators Continue to Hold Bulk Value Shares
Ventilators are set to prevail as preferred product among end-users of neonatal monitoring equipment, and will continues to account for bulk value shares of the market. Recent FDA approvals of new, patient-triggered ventilators, and neurally-adjusted ventilator assist (NAVA), for non-invasive and invasive ventilation related to neonates will augur well for sales of ventilators in the forthcoming years. Additionally, availability of several ventilation modes and strategies for assisting ventilation optimization, and preventing ventilation-induced lung injury will fuel ventilator sales.
Standalone modality of neonatal monitoring equipment will continue to spearhead the market in terms of value share. This is mainly because standalone devices enable clinicians in offering care delivery even while the hospital’s electronic medical records are in their downtime. However, relatively faster sales expansion has been foreseen for portable neonatal monitoring equipment through 2028.
Key segments:Neonatal Monitoring Equipment Market
The report has branched the neonatal monitoring equipment market in terms of product type, modality, end-user, and region.
Based on product type, key segments include,
- Pulse Oximeter
- Capnography Meter
- Cardiorespiratory Monitor
- EEG Monitor
- Blood Pressure Monitor
Based on modality, key segments include,
- Portable Devices
- Transportable Devices
- Standalone Devices
Based on end-user, key segments include,
- Neonatal Clinics
- Nursing Homes
- Diagnostic Centers
- Other End-Users
Based on region, key segments include,
- North America
- Latin America
- Asia-Pacific Excluding Japan (APEJ)
- Middle East & Africa (MEA)
Pulse Oximetry Perceives High Traction by Providing Safety Net for Neonates in NICUs
Pulse oximetry, a prominent patient monitoring technology, is providing safety for infants and newborns in NICUs, while new advancements in home monitoring enable data transmission of neonates’ vital data to smartphones.
The Centers for Disease Control and Prevention (CDC) has slated screening newborns by using pulse oximeters to be beneficial & effective in identifying numerous life-threating conditions.
In current-world healthcare facilities, effective patient monitoring technology is highly bound to effective respiratory care.
When it comes to monitoring newborn babies, particularly in NICUs, extra care & safety is essential, which is often delivered through pulse oximetry.
The non-invasive nature of pulse oximetry has made it ideal for application in newborns. Several hospitals have been employing pulse oximeters as the standard of care in their NICUs.
For example, the NICU at Pennsylvania-based Reading Hospital utilizes Philips Healthcare’s IntelliVue Monitors, and Covidien’s Nellcor pulse oximeters to ensure positive outcomes for newborn babies.