Latin America Neonatal Care Devices Market 2028: Executive Summary, Key Trends and Future Outlook

Future of Latin America Neonatal Care Devices Market: Key Dynamics, Size & Share Analysis

The Latin America Neonatal Care Devices Market is projected to grow at a CAGR of around 5.9% during the forecast period, i.e., 2023-28. The emerging incidences of jaundice in newborn and escalating preterm birth cases are the prominent factors stimulating the market growth during the forecast period. Besides, the mounting birth rate accompanying cesarean sections and increased complications during childbirth are some of the aspects backing the broad adoption of neonatal care devices from the healthcare ecosystem across Latin America. A swift surge in the number of Neonatal Intensive Care Units (NICU) demonstrated by the technologically advanced countries across the region has called for more such equipment to cater to the rising admissions of premature babies. These devices are fundamental to the NICU as they facilitate non-invasive, life-sustaining, developmentally supportive care to neonates.

Top Impacting the Latin America Neonatal Care Devices Market Trend

Latin American Centre for Perinatology (CLAP), a part of The Pan American Health Organization (PAHO), through its recent awareness campaign, seeks to encourage quality care for neonates during the first 28 days that exhibit the higher risk of infant mortality. In Latin America and the Caribbean, 7 out of every 1,000 infants fail to reach their one-month birthday. This rate ranges from 1.7 infants in Aruba and 2.3 in Cuba to 18 in the Dominican Republic. Most of these deaths are preventable yet account for almost half of all deaths during the first year of life, states the organization. In order to deal with complications associated with preterm infants, more advanced and effective neonatal care devices such as infant incubators, neonatal ventilators, oxygen analyzers & monitors, and resuscitators have emerged in the market in recent years.

Understanding the Core Segments in the Latin America Neonatal Care Devices Market

Latin America Neonatal Care Devices Market Size, Share & Industry Trends Analysis- By Equipment (Incubators, Infant Warmers (Electric Warmers, Non-Electric Warmers), Phototherapy Equipment (Conventional Phototherapy, Fibre-Optic Phototherapy), Respiratory Devices (Neonatal Ventilators, Oxygen Analysers and Monitors, Continuous Positive Airway Pressure (CPAP) Devices, Resuscitators, Others (Endotracheal tubes, umbilical artery catheter, etc.)), Neonatal Monitoring Devices (Blood Pressure Monitors, Pulse Oximeters, Cardiac Monitors, Others (Capnography, Integrated Monitoring Devices, etc.)), Diagnostic Imaging Devices (Ultrasound Systems, X-Ray Imaging Systems, Others (CT, Radiography, etc.)), By End User (Hospitals, Clinics, Diagnostic Centres.

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Geographical Analysis of the Latin America Neonatal Care Devices Market

Brazil
Argentina
Mexico
Colombia
Rest of Latin America

Geographically, Brazil is anticipated to contribute substantially to the market expansion during the forecast period.

Who Dominates the Latin America Neonatal Care Devices Market Insights on Key Industry Players?

Companies are strengthening their presence in the consumer electronics market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.d

Atom Medical Corporation
Becton, Dickinson and Company
Fanem
GE Healthcare
Koninklijke Philips N.V.
Masimo Corporation
Medtronic Plc
Natus Medical Incorporated
Nihon Kohden
Others

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