Global Fetal and Neonatal Care Equipment Market 2016-2020
About Premature Infants
Premature infants are born due to many factors such as induced fertility, poor prenatal care, labor treatments, advanced maternal age, and changing lifestyles such as drinking and smoking. At birth, various disorders are diagnosed such as hyperbilirubinemia, bronchopulmonary dysplasia, intraventricular hemorrhage, transient tachypnea, and anemia. Therefore, proper prenatal care, appropriate medical need, balanced nutrition, and regular health check-ups are crucial for a healthy pregnancy and birth. Fetal and neonatal care equipment are used to diagnose, evaluate, monitor, and treat diseases in the prenatal and postnatal stage of newborn.
Technavio’s analysts forecast the global fetal and neonatal care equipment market to grow at a CAGR of 7.12% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global fetal and neonatal care equipment market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of fetal and neonatal care equipment to hospitals and labor and delivery centers.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Fetal and Neonatal Care Equipment Market 2016-2020
Technavio recognizes the following companies as the key players in the global fetal and neonatal care equipment market: BD, Drägerwerk, Fisher & Paykel Healthcare, GE Healthcare, and Philips Healthcare.
Other Prominent Vendors in the market are: Analogic, Covidien, Getinge, Ivy Biomedical Systems, Masimo, Natus Medical, Nonin Medical, OSI Systems, Smiths Medical, Spacelabs Healthcare, Utah Medical Products, and Welch Allyn.
Commenting on the report, an analyst from Technavio’s team said: “One of the key trends for market growth will be increased focus on monitoring respiratory diseases in newborns. Over the past few years, a significant rise in the incidence of respiratory diseases among newborns has been witnessed worldwide. For instance, Canada has witnessed an increase in the incidence of chronic respiratory diseases in newborns partly because of the increase in prevalence of smoking in the maternal population. Respiratory distress is a critical disorder affecting neonates, and it results in significant morbidity and mortality. Bronchopulmonary dysplasia is a chronic disorder in preterm infants that results in stiff lungs and reduced gas exchange. Thus, the increase in prevalence of respiratory diseases among neonates is propelling the use of various respiratory assistance and monitoring devices worldwide.”
According to the report, increased awareness in emerging countries will be a key driver for market growth. Emerging economies such as India, China, and some countries in Latin America are focusing on improving healthcare conditions of their citizens. Thus, there is an increased awareness among physicians and individuals about sophisticated systems available within the fetal and neonatal care equipment market. Hence, many vendors are concentrating on expanding their fetal and neonatal care equipment business in these emerging countries.
Further, the report states that one of the major challenges for the market will be entry barriers affecting new entrants. High development costs required for the licensing, acquisitions, marketing, and manufacturing of fetal and neonatal equipment act as a barrier for new entrants, especially in developed countries. Also, many buyers, particularly the larger hospitals, rely on the known vendors in the global fetal and neonatal care equipment market during transactions. Also, the distribution channels for fetal and neonatal care equipment are highly saturated in developed countries and are dominated by the existing companies. Thus, small companies are finding it difficult to earn profits and survive in the market.
BD, Drägerwerk, Fisher & Paykel Healthcare, GE Healthcare, Philips Healthcare, Analogic, Covidien, Getinge, Ivy Biomedical Systems, Masimo, Natus Medical, Nonin Medical, OSI Systems, Smiths Medical, Spacelabs Healthcare, Utah Medical Products, Welch Allyn.
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