According to MarkNtel Advisors study 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.

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Key Findings of the Study: Latin America Neonatal Care Devices market

The growth of the neonatal care devices market has been fueled by features such as lightweight, compact, advanced, and remote-based monitoring that have made it possible for end-users to rely on efficient neonatal care machines. Proper prenatal care and appropriate medical care are crucial for a healthy pregnancy. The industry has been pushed to develop safe, effective, and reasonably priced products owing to the rise in demand for more tailored and advanced diagnosis methods and the accessibility of numerous healthcare services across Latin America. The market for neonatal care devices shall continue to rise rapidly due to the higher adoption of integrated and multifunctional newborn care equipment across the region.

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Scope of the Report and Latin America Neonatal Care Devices Market Segmentation:

 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

Here, the Hospitals acquired a sizable market share of the market in the historical period.

Geographical Analysis:

By Country

• Brazil
• Argentina
• Mexico
• Colombia
• Rest of Latin America

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

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