According to the research literature titled ‘Neonatal Infant Care Market Size By Product Type, By End-use (Hospitals, Nursing Homes, Pediatric & Neonatal Clinics), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026’, available with Market Study Report, global neonatal infant care market is anticipated to expand with a healthy growth rate over the forecast period 2020-2026.
 

As per the report findings, rising cases of premature births, expansion of pediatric clinics and neonatal intensive care units across the globe, and technological innovations in healthcare are driving neonatal infant care market growth.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2337481/
 

For the uninitiated, neonatal relates to newborn or the first 28 days of a baby’s life. Neonatal care is a type of care for a baby that has been born sick or premature in a specialized unit which is generally a part of hospitals.
 

In terms of type, neonatal hearing screening segment accounted for USD 177 million in 2019 and is anticipated witness modest gains in the upcoming years, creditable to increasing incidences of newborns with hearing defects. As the first three years of life are critical for developing and maturing of the brain through speech and language, the demand for solutions that address hearing loss as early as possible is gained significant traction.
 

Moving on to end-use segmentation of neonatal infant care industry, pediatric & neonatal clinics segment is predicted to exhibit 7.3% CAGR over the analysis period. Increasing installation of neonatal intensive care units across globe are favoring the segmental expansion. Further, these clinics also offer dedicated neonatal nurses that are specifically trained to take care of newborn infants that are born with birth defects, infections, prematurity, surgical complications, cardiac malformations or health conditions.
 

From a geographical viewpoint, Latin America market size was valued USD 162 million in 2019 and is projected to multiply at a y-o-y growth rate of 7% through 2026. Developing awareness among affected population pertaining to novel neonatal treatments together with ongoing technological advancements in medical sector are supporting the regional market development.
 

Prominent players influencing the overall neonatal infant care industry dynamics are Nice Neotech Medical Systems Pvt. Ltd., Phoenix Medical Systems Pvt. Ltd., Koninklijke Philips N.V., International Biomedical Ltd., Natus Medical Inc., Medtronic plc, Ibis Medical Equipment and Systems Pvt. Ltd., General Electric Co., Fisher & Paykel Healthcare Corp. Ltd., Dragerwerk AG & Co. KGaA, and Atom Medical Corp.