Neonatal Thermoregulation Market is expected to grow at CAGR of 5.0 % during the forecast period 2019-2023

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Neonatal Thermoregulation Market is expected to
grow at CAGR of 5.0 during the forecast period
2019-2023
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Neonatal Thermoregulation Market
Market Highlights Thermoregulation is the ability
to create equilibrium between heat production and
heat loss in order to maintain body temperature
within a certain normal range. The provision of a
thermoneutral environment is an essential
component of the immediate and long-term care of
newborn infants. With the surge in the birth
rates of newborns, the equipment used for blood
sampling and monitoring the baby is steadily
increasing. According to a data published by the
Centers for Disease Control and Prevention in
January 2017, there were 3,945,875 births in the
US in 2017. This means birth rate in US in 2017
was 12.2 per 1000 population. Moreover, rising
prevalence of diseases in neonates fuels the
growth of the market. However, stringent
government regulation for product approval and
possible side-effects for the neonates may hamper
the market growth during the assessment
period. The global neonatal thermoregulation
market is currently dominated by many market
players. The key players in the market are
engaged in new product launches and strategic
collaborations to strengthen its market position.
For instance, in November 2016, Drägerwerk AG
Co. KGaA introduced IncuWarmer Babyleo TN500
which offers optimal thermoregulation in open
care, closed care and transition to the premature
baby Request For Sample Report
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Neonatal Thermoregulation Market
Regional Analysis The Americas is anticipated
to dominate the global neonatal thermoregulation
market owing to a well-developed healthcare
sector, and rising prevalence of diseases. The
involvement of government in creating awareness
about the neonatal diseases also fuels the growth
of the market. For instance, US government has
programs like Screening Quality Assurance
Programs and Heritable Disorders Program at
Health Resources and Service Administration
(HRSA). Thus, such initiatives and programs by
the government as well as non-government
organizations support the market growth. Europe
is expected to hold the second largest position
in the global neonatal thermoregulation market.
The market growth in this region is attributed to
the availability of funds for research.
Asia-Pacific is anticipated to be the fastest
growing region in the market due to the presence
of a huge patient population, and continuously
developing economies, According to a report
published by the International Journal of Social
and Developmental Concerns in October 2017, in
Malaysia, growth of the public primary as well as
secondary care facilities has decreased in the
past few years and it has not kept pace with the
rapid urbanization. Thus, such factors restraint
the growth of the market in this region. On the
other hand, the Middle East Africa has the
least share of the market.
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Neonatal Thermoregulation Market
Segmentation The Global Neonatal
Thermoregulation Market has been segmented into
product type, modality, end-user, and region.The
market, on the basis of product type, has been
segmented into warmer, neonatal incubators, and
neonatal cooling systems.The market, based on
warmer, has been further segmented into radiant
warmers and wall mount warmer. The market, by
neonatal incubators, has been sub-segmented into
intensive care incubator and transport
incubator.The market, by modality, has been
segmented into open and closed.The market, by
end-user, has been segmented into hospitals,
pediatric and neonatal intensive care units,
nursing homes, and others. Ask for discount
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