Global Fetal and Neonatal Care Equipment Market 2016-2020
Published: Sep 2016 | Pages: 74 | SKU: IRTNTR9892 |
Overview of the global fetal and neonatal care equipment market
Technavio’s market research analyst predicts the global fetal and neonatal care equipment market to grow at a CAGR of more than 7% by 2020. In the recent years, the demand for mobile medical units with portable neonatal warming equipment and phototherapy units that offer prenatal care has increased across the globe. Most people in developed countries opt for home care treatment post-surgery. Portable fetal and neonatal care equipment is more advantageous than conventional devices as it helps increase thermal care for premature and low-weight babies. These portable devices offer a stable micro-climate, easy sanitization, and close mother-child interaction. The growing demand for new non-voltage and portable equipment for fetal and neonatal care will positively impact the growth prospects for the fetal-neonatal monitoring market during the forecast period.
The market is witnessing the development of several new products that have been designed to meet the requirements of neonates. Some technological advancements include multifunction fetal monitors that can provide information on heart rate, temperature, electrocardiogram (ECG) reading, and saturation of peripheral oxygen (SpO2) levels, colored ultrasound machines, continuous positive airway pressure (CPAP) devices, tracheostomy feeding tubes, and LED phototherapy units. Vendors are also focusing on the development of advanced devices for neonatal intensive care units (NICUs) and the care of infants affected by respiratory disorders, infections, and other complications.
Competitive landscape and key vendors
The global fetal-neonatal monitoring market is marked by the presence of several global and international players and possesses significant growth opportunities. The local and regional suppliers collaborate with the international vendors to increase their revenue and geographical reach. However, these small players face tough competition with the global vendors in terms of quality, features, and patent restrictions. The lack of skilled workers and the reluctance of end-users to make high initial capital investments restrict the expansion of regional and local suppliers. Competition in the market is expected to intensify during the forecast period with increased product extensions and strategic collaborations with public hospitals and non-profit organizations.
Leading vendors in the market are -
- BD
- Drägerwerk
- Fisher & Paykel
- GE
- Philips
Other prominent vendors in the fetal and neonatal care equipment market include Analogic, Covidien, Getinge, Ivy Biomedical Systems, Masimo, Natus Medical, Nonin Medical, OSI Systems, Smiths Medical, Spacelabs Healthcare, Utah Medical Products, and Welch Allyn.
Segmentation by product type and analysis of the fetal and neonatal care equipment market
- NICU equipment
- Labor and delivery equipment
The NICU equipment segment dominates the fetal and neonatal care equipment market and accounted for around 32% of the overall market share in 2015. NICU equipment consists of complex machines and monitoring devices for intensive care of newborns and infants. It comprises thermal control equipment and phototherapy units. Much of the segment’s growth is driven by an increase in a number of preterm births worldwide, improved healthcare infrastructure, and increased awareness about neonatal care. Vendors are coming up with low-cost, high-efficient, and field-deployable NICU equipment to cater to the neonatal segment, which will reduce the factors causing mortality and morbidity in countries with poor resource settings.
Geographical segmentation and analysis of the fetal and neonatal care equipment market
- Americas
- APAC
- EMEA
During 2015, the Americas dominated the fetal and neonatal care equipment market and accounted for more than 43% of the total market share. The US is the major revenue generator in the region owing to the huge demand for this equipment and the increasing number of FDA approvals for these devices. Increase in patient safety concerns, a growing number of premature births and the rise in preterm deaths have led to the adoption of sophisticated equipment in NICUs and for respiratory support for neonates. The surging requirement for portable devices and the cost-effectiveness of fetal monitors will contribute significantly to the growth of the market in the region in the coming years.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global fetal and neonatal care equipment market?
- What are the key market trends impacting the growth of the global fetal and neonatal care equipment market?
- What are the challenges to market growth?
- Who are the key vendors in the global fetal and neonatal care equipment market?
- What are the market opportunities and threats faced by the vendors in the global fetal and neonatal care equipment market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global fetal and neonatal care equipment market?
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Table of Contents
PART 01: Executive summary
- Highlights
PART 02: Scope of the report
- Market overview
- Assumptions
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
- Key market highlights
PART 05: Fetal and neonatal care: An overview
- Background
- Equipment needs for delivery and immediate neonatal care
PART 06: Hypothermia: An overview
- Background
- Definition
- Signs and symptoms
- Prevention of hypothermia
- Management of hypothermia
PART 07: Market landscape
- Market overview
- Market size and forecast
- Five forces analysis
PART 08: Market segmentation by product type
- Global NICU equipment market
- Global labor and delivery equipment market
- Global other fetal and neonatal care equipment market
PART 09: Geographical segmentation
- Fetal and neonatal care equipment market in Americas
- Fetal and neonatal care equipment market in EMEA
- Fetal and neonatal care equipment market in APAC
PART 10: Key leading countries
- US
- Germany
- Japan
PART 11: Market drivers
- Rise in incidence of preterm births leading to need for utmost fetal and neonatal care
- High demand for new non-voltage and portable equipment for fetal and neonatal care
- Rise in hyperbilirubinemia in neonates leading to high adoption of LED phototherapy units
- Increased awareness in emerging countries
PART 12: Impact of drivers
PART 13: Market challenges
- Financial and budget constraints for hospitals
- Entry barriers affecting new entrants
- Reduced reimbursement and healthcare reforms leading to slow growth in developed markets
PART 14: Impact of drivers and challenges
PART 15: Market trends
- Technological improvements in design and enhancement in low-energy-based monitors
- Increased adoption of fetal monitor and obstetric devices
- Increased popularity of fetal MRI
- Increased focus on monitoring respiratory diseases in newborns
PART 16: Vendor landscape
- Competitive scenario
PART 17: Key vendor analysis
- BD
- Drägerwerk
- Fisher & Paykel Healthcare
- GE Healthcare
- Philips Healthcare
- Other prominent vendors
PART 18: Appendix
- List of abbreviations
PART 19: Explore Technavio
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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