Nurturing Infant with Neonatal Equipment

In India, Neonatal mortality accounts for 50% of infant mortality, which has declined to 84/1000 live births. There is a lack of prenatal care for about 50% of pregnant women, and over 80% deliver at home in unsanitary and unsafe conditions. And those who do deliver in health facilities are not getting intensive neonatal care whenever needed.

In India and various other developing countries, the formation of neonatal intensive care units (NICUs) will require finances, space and location, equipment, staff, infection control measures, and protocols of care as well.

The largest expenses would be in equipment purchase, maintenance, and repair. Neonatal equipment comprises devices and equipment used in a neonatal intensive care unit (NICU), pediatric intensive care unit (PICU), or outside to take proper care of newly born babies. These equipment includes devices that are utilized in various applications for neonatal care such as respiratory assistance, monitoring, thermoregulation, and others.

The Key Drivers

One of the major factor that will continue to propel the demand for neonatal infant care equipment is the growing incidences of premature birth. Advancing innovative techniques, improved older equipment technology as well as rising demand for advanced monitoring and diagnostics for infants will also play a major role in fueling growth of market.

Additionally, throughout 2016, regional launch of multi-specialty products and international industry players will continue spurring the demand for neonatal infant care equipment. Moreover, phototherapy devices as well as technological up-gradation in monitoring is also expected to push the market further. Significantly several other drivers that will contribute to market growth especially in developing regions include availability and the growing awareness of neonatal care equipment.

Market Restraints

Over the forecast period, lack of product differentiation, high increasing prices of ventilators as well as brain monitoring devices are hampering the market demand. Furthermore, availability of substitute technology and an inadequate technical resource pool proves to be some enduring challenges for mass penetration of neonatal care equipment. Especially in India, Africa, and Brazil, these factors are anticipated to limit widespread adoption of neonatal infant care equipment.

Growing Demand in the Market

Based on product type, the neonatal care equipment market is expected to witness the dominance of thermoregulation devices over monitoring systems, phototherapy equipment, hearing screening devices, and vision screening equipment. For over 50% of the total market share will be accounted by thermoregulation segment whereas the monitoring systems segment is predicted to thrive with faster pace in 2016.

While on the basis of end user, the market is projected to witness the highest consumption by pediatric and neonatal clinics. On the other hand, hospitals will remain a major end user and nursing homes may help in boosting the demand for neonatal infant care equipment.

And by region, North America is expected to retain a dominating position in the global market and its revenue share may exceed to 35% in 2016, followed by Europe with over 29%. Asia Pacific will represent a growing market for neonatal care equipment with its highest birth rates across the globe.

Request TOC (desk of content material), Figures and Tables of the report: http://www.persistencemarketresearch.com/market-research/neonatal-infant-care-market/toc

Market Players

In the global neonatal infant care equipment market, the key leaders are GE Healthcare, Koninklijke Philips N.V., Medtronic, Drägerwerk AG & Co. KGaA, Natus Medical Incorporated, Fisher & Paykel Healthcare Limited, Pluss Advanced Technologies Pvt. Ltd., Weyer GmbH, BabyBloom Healthcare BV, Novos Medical Systems, Medical Technology Transfer and Services Asia (MTTS Asia), Inspiration Healthcare Group plc., Fanem Ltda.

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s