Neonatal Infant Care Market Trends

Neonatal Infant Care Market Trends

Increase in number of premature births across the globe will be a prominent factor augmenting the neonatal infant care market growth. The pre-term birth complications are considered as the foremost cause of death among the children under 5 years of age. The preterm birth complications are responsible for millions of deaths across the globe every year and could be prevented with technologically advanced and cost-effective neonatal infant care interventions. The survival rates of the premature babies are quite different around the world. In the low-income economies, around half of the babies are born 2 months early and die owing to lack of cost-effective and basic care. Whereas in the high-income nations, almost all the pre-term babies survive. The optimal use of neonatal infant care technology in middle-income countries is resulting in an increased healthcare burden among preterm babies. Hence, rise in need and demand for neonatal infant care in the middle and low income countries will result in growing market share.