The global neonatal intensive care market size is poised to reach USD 7.72 billion by 2027 on account of increasing innovations in medical technology. Neonatal intensive care unit or NICU are special nursery care rooms designed for newborns in need of intensive medical care. These neonatal units are equipped with advanced machinery that will help support the preterm babies with their serious medical conditions. According to a recent report published by Fortune Business Insights™ titled, “Neonatal Intensive Care Market Size, Share & Industry Analysis, By Product (Neonatal Incubators, Neonatal Phototherapy Equipment, Neonatal Ventilators, Neonatal Monitors, and Others), By End User (Hospitals, and Specialty Clinics), and Regional Forecast, 2020-2027,” the market value stood at USD 4.59 billion in 2019 and is expected to rise at a CAGR of 6.7% in the forecast period set from 2020 to 2027.
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| North America | United States, Canada and Mexico |
| Europe | Germany, UK, France, Italy, Russia and Turkey etc. |
| Asia-Pacific | China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam etc. |
| South America | Brazil, Argentina, Columbia etc. |
| Middle East & Africa | Saudi Arabia, UAE, Egypt, Nigeria and South Africa |
The U.S Food and Drug Administration approved 510 (k) Clearance for Puffin Infant Resuscitator, Adding to Diverse Line of Products
The leader of infant care products, International Biomedical obtained regulatory approval from the U.S. FDA for their Puffin Infant resuscitator in July 2014. This approval will help to increase the overall revenue collection of the company thus resulting in the availability of a diverse range of company products. The Puffin will provide respiratory support to infants during birth by connecting it with incubators and bedside warmers or by placing it at the bedside with its optional mobile stand. The Vice President of the Sales and Marketing Department at International biomedical said, “We developed this manually operated respiratory support device for use in case of resuscitation situation. We believe the Puffin will be helpful for respiratory therapists and neonatal consumers as it suffices to various needs such as mask or t-piece or bag ventilation, blended oxygen delivery, and integrated suction for less stressful airway management.” Innovations such as this are likely to bode well for the market in the coming years.
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