The global neonatal intensive care market is projected to expand at a respectable CAGR of 5.50% over the period between 2017 and 2025. Furthermore, the global market is expected to stand at a net worth of US$9.0 bn by the end of 2025 as against a value of US$5.9 bn in 2017. Based on geography, the global market for neonatal intensive care is expected to be led by North America.
The global market for neonatal intensive care holds commendable growth opportunities for market players in the contemporary times. The demand for neonatal intensive care has been rising which has assisted the growth of the market players. The leading market players in the global market for neonatal intensive care have been making ardent efforts to ensure that their position in the market is not compromised. Furthermore, these market players have also been focusing on producing the most effective and efficient systems for prenatal intensive care.
It is expected that the cumulative efforts of all the leading players would amount to an increased level of competition in the global market. The smaller players have not proved their mettle in the global market and are yet to make major breakthroughs with regards to product innovation. It is anticipated that the medium and small-sized players would join hands to challenge the supremacy of the larger players. Furthermore, it is also projected that the larger market players would aim to strengthen the barriers to the entry of new players in order to keep reigning over the market. Some of the key players in the global market for neonatal intensive care are Teleflex Incorporated, B. Braun Melsungen AG, C. R. Bard, Inc., and Becton, Dickinson and Company. These market players have done especially well attracting the healthcare sector towards their products and offerings.