Neonatal care equipment are usually provided to preterm infants or newborn infants (upto 28 days) whose medical conditions are severe. Neonatal care equipment helps to supply oxygen, provide heat (in case of excessive heat loss) and help in monitoring vital parameters. Blood pressure monitors, cardiopulmonary monitors, bililights, endotracheal tube, incubators, nasal cannula, pulse oximeter, radiant warmer and ventilators are some of the neonatal care equipment.
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Radiant warmer, also known as neonatal warming equipment help provide heat to infants suffering from severe heat loss. Infants have large body surface area as compared to their body volume along with very small volume of fat. Hence, infant’s body is not capable of maintaining proper body temperature that arouses the need for neonatal warming equipment. Neonatal warming equipment is an open bed, provided with a heat source to warm baby. Source of heat is infrared (IR) radiations that are beamed from quartz heater via parabolic reflector (circular paraboloid shaped reflective surface utilized to project energy).
Thermistor temperature sensors are also incorporated in the equipment to detect the temperature of the equipment and hence help to provide appropriate warming to the neonate. Also, the equipment is designed with audible alarms and large display for temperature set. Height of neonatal warming equipment can be adjusted according to the bed height and also can be swivel to accommodate X-ray units. Neonatal warming equipment are portable in nature and can be transferred from labour room to neonatal intensive care units (NICU).
The market for neonatal warming equipment is expected to witness double digit growth rate compounded annually during the forecasted period. Rising incidences of preterm delivery is driving the growth of neonatal warming equipment market. It has been estimated by the World Health Organization (WHO) that around 15 million preterm births occur every year worldwide. Also, increasing prevalence rate of hospital acquired infections across the globe will propel the growth of neonatal warming equipment market since infants are susceptible to infections. In 2011, the New York State Department of Health reported that the incidence rate of hospital-onset Clostridium difficile infection (CDI) was 0.93 per 100 hospital admission patients in New York in 2011; it was 0.89 in 2010.
Launch of technologically advanced neonatal warming equipment in market will further augment the growth of the market. In addition, entrance of large number of companies into the manufacturing of neonatal warming equipment will also boost the growth of neonatal warming equipment market. Moreover, improving government initiatives will also support the growth of neonatal warming equipment market. For instance, the American Academy of Pediatrics (AAP) has added a level (level IV) in neonatal nursing that will draw the utilization of neonatal warming equipment extensively. Likewise, increasing number of hospitals worldwide will also elevate the growth of neonatal warming equipment market since according to government regulation; every hospital must have at least one neonatal intensive care unit (NICU) comprising of all neonatal care equipment.
North America accounts for the largest share of total neonatal warming equipment market. This large market size is attributed to the high disposable income of the population in this region. Also, major manufacturers of neonatal warming equipment are domiciled in North America that also helped the region to contribute the largest market share. Asia-Pacific is expected to foresee the highest growth rate during the forecast period owing to rising incidences of preterm births in this region. Also, increasing disposable income of the nations like India and China will propel the growth of the market in the region. The major players operating in this market include GE Healthcare, Philips Healthcare, Smiths Medical, Fisher & Paykel Healthcare Corp., Phoenix Medical Systems Pvt Ltd. and Ibis Medical among other significant players.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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