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The neonatal and prenatal devices market share in India is expected to increase by USD 4.00 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.21%.
This neonatal and prenatal devices market in India research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers neonatal and prenatal devices market in India segmentation by product (prenatal devices and neonatal devices) and end-user (hospitals, diagnostic centers, and clinics, and others). The neonatal and prenatal devices market in India report also offers information on several market vendors, including Becton Dickinson and Co., Cardinal Health Inc., Dragerwerk AG and Co. KGaA, Fisher and Paykel Healthcare Corp. Ltd., General Electric Co., Getinge AB, Koninklijke Philips NV, Masimo Corp., Medtronic Plc, and Vyaire Medical Inc. among others.
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The rising incidence of preterm births is notably driving the neonatal and prenatal devices market growth in India, although factors such as affordability issues related may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the neonatal and prenatal devices industry in India. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Neonatal and Prenatal Devices Market Driver in India
The rising incidence of preterm births is one of the key drivers supporting the neonatal and prenatal devices market growth in India. Premature babies are often associated with high neonatal mortality, short- or long-term morbidity, and disabilities like cerebral palsy, sensory impairments, and others. Moreover, India has a vast number of premature babies. For instance, the National Neonatology Forum (NNF) has mentioned that 13% of births in India are premature births. However, preterm birth complications are the leading cause of death among children under five years of age. Due to the rising number of preterm births in India, Neonatal Intensive Care Units (NICUs) are provided to improve neonatal care with high-end equipment such as neonatal devices that enable doctors to continuously monitor the health status of babies. Considering all these factors, the growing incidence of preterm births will drive the growth of the market during the forecast period.
Key Neonatal and Prenatal Devices Market Trend in India
Growing awareness of fetal screening and monitoring procedures is another factor supporting the neonatal and prenatal devices market growth in India. For a better outcome of pregnancy, women need to be cautious about some genetic defects, and those can be due to either single-gene mutations or chromosomal abnormalities. Thus, screening and monitoring procedures are used to minimize the need for invasive testing and increase the chances of detecting chromosomal or genetic abnormalities in the fetus, which drives the demand for prenatal devices. Significantly, governments and private in India are introducing initiatives that emphasize the advantages of fetal screening and monitoring. However, NIPT for sex determination causes legal actions in hospitals and diagnostics centers. Moreover, the rising awareness of fetal screening and monitoring procedures is expected to propel the growth of the market during the forecast period.
Key Neonatal and Prenatal Devices Market Challenge in India
Affordability issues is one of the factors hindering the neonatal and prenatal devices market growth in India. the use of expensive neonatal and prenatal devices in healthcare centers contributes to the high cost of pregnancy and delivery care. The cost of NICU care per patient per day is $125 (Rs 5,450) in India. The average total cost of care for a baby less than 1,000 grams was $3800, $2000 for babies 1,000 g to 1,250 g, and $950 for those between 1,250 to 1,500 g in 2021. The middle-class family finds it difficult to bear this cost. Thus, the high initial cost of neonatal devices, as well as the steep maintenance costs, makes it inaccessible and unaffordable in hospitals and primary healthcare centers, especially in low-income Asian countries such as India. Considering all these factors, the affordability issues of neonatal devices are expected to have an adverse impact on the market during the forecast period.
This neonatal and prenatal devices market in India analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the neonatal and prenatal devices market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the neonatal and prenatal devices market in India during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the neonatal and prenatal devices market in India encompasses successful business strategies deployed by the key vendors. The neonatal and prenatal devices market in India is fragmented and the vendors are deploying growth strategies such as offering innovations and high-quality products to compete in the market.
Masimo Corp. - The company is involved in offering a wide range of new born care solutions such as Radical-7, Rad-97with Noninvasive blood pressure among others which provide simple gestures to move, expand and collapse parameter trends for deeper analysis of new born babies patients.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The neonatal and prenatal devices market in India forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the neonatal and prenatal devices market in India, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the healthcare equipment market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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The neonatal and prenatal devices market share growth in India by the prenatal devices segment will be significant during the forecast period. For instance, in July 2021, Caremother-BabyBeat, a wireless, portable, smartphone-based clinical-grade smart device, received an honorary mention at ZS's inaugural healthcare innovation program, ZS PRIZE. The solution is designed as a fetal monitoring device for pregnant women, which provides AI-powered auto-interpretation features to assist doctors and frontline workers in making an accurate diagnosis and real-time remote monitoring for an expert review. Thus, the adoption of these devices in the country will propel market growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the neonatal and prenatal devices market size in India and actionable market insights on post COVID-19 impact on each segment.
Neonatal and Prenatal Devices Market Scope in India |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.21% |
Market growth 2022-2026 |
$ 4.00 billion |
Market structure |
Fragmented |
YoY growth (%) |
4.01 |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Becton Dickinson and Co., Cardinal Health Inc., Dragerwerk AG and Co. KGaA, Fisher and Paykel Healthcare Corp. Ltd., General Electric Co., Getinge AB, Koninklijke Philips NV, Masimo Corp., Medtronic Plc, and Vyaire Medical Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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***1. Executive Summary
**1.1 Market Overview
*Exhibit 01: Key Finding 1
*Exhibit 02: Key Finding 2
*Exhibit 03: Key Finding 5
*Exhibit 04: Key Finding 6
*Exhibit 05: Key Finding 7
***2. Market Landscape
**2.1 Market ecosystem
*Exhibit 06: Parent market
*Exhibit 07: Market characteristics
**2.2 Value chain analysis
*Exhibit 08: Value Chain Analysis: Healthcare equipment
*2.2.1 Research and development
*2.2.2 Inputs
*2.2.3 Operations
*2.2.4 Distribution
*2.2.5 Marketing and sales
*2.2.6 Post-sales and services
*2.2.7 Industry innovations
***3. Market Sizing
**3.1 Market definition
*Exhibit 09: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 10: Market segments
**3.3 Market size 2021
**3.4 Market outlook: Forecast for 2021 - 2026
*3.4.1 Estimating growth rates for emerging and high-growth markets
*3.4.2 Estimating growth rates for mature markets
*Exhibit 11: Global - Market size and forecast 2021 - 2026 ($ million)
*Exhibit 12: Global market: Year-over-year growth 2021 - 2026 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 13: Five forces analysis 2021 & 2026
**4.2 Bargaining power of buyers
*Exhibit 14: Bargaining power of buyers
**4.3 Bargaining power of suppliers
*Exhibit 15: Bargaining power of suppliers
**4.4 Threat of new entrants
*Exhibit 16: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 17: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 18: Threat of rivalry
**4.7 Market condition
*Exhibit 19: Market condition - Five forces 2021
***5 Market Segmentation by Product
**5.1 Market segments
*Exhibit 20: Product - Market share 2021-2026 (%)
**5.2 Comparison by Product
*Exhibit 21: Comparison by Product
**5.3 Prenatal devices - Market size and forecast 2021-2026
*Exhibit 22: Prenatal devices - Market size and forecast 2021-2026 ($ million)
*Exhibit 23: Prenatal devices - Year-over-year growth 2021-2026 (%)
**5.4 Neonatal devices - Market size and forecast 2021-2026
*Exhibit 24: Neonatal devices - Market size and forecast 2021-2026 ($ million)
*Exhibit 25: Neonatal devices - Year-over-year growth 2021-2026 (%)
**5.5 Market opportunity by Product
*Exhibit 26: Market opportunity by Product
***6.Market Segmentation by End-user
**6.1 Market segments
*Exhibit 27: End-user - Market share 2021-2026 (%)
**6.2 Comparison by End-user
*Exhibit 28: Comparison by End-user
**6.3 Hospitals - Market size and forecast 2021-2026
*Exhibit 29: Hospitals - Market size and forecast 2021-2026 ($ million)
*Exhibit 30: Hospitals - Year-over-year growth 2021-2026 (%)
**6.4 Diagnostic centers - Market size and forecast 2021-2026
*Exhibit 31: Diagnostic centers - Market size and forecast 2021-2026 ($ million)
*Exhibit 32: Diagnostic centers - Year-over-year growth 2021-2026 (%)
**6.5 Clinics and others - Market size and forecast 2021-2026
*Exhibit 33: Clinics and others - Market size and forecast 2021-2026 ($ million)
*Exhibit 34: Clinics and others - Year-over-year growth 2021-2026 (%)
**6.6 Market opportunity by End-user
*Exhibit 35: Market opportunity by End-user
***7. Customer landscape
**7.1 Overview
*Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
*Exhibit 36: ?Customer landscape?
***8. Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Rising incidence of preterm births
*8.1.2 High demand for maternal care devices
*8.1.3 Rise in the number of neonatal care centers
**8.2 Market challenges
*8.2.1 Affordability issues related
*8.2.2 Stringent regulations
*8.2.3 Lack of proper healthcare infrastructure
*Exhibit 37: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 Growing awareness of fetal screening and monitoring procedures
*8.3.2 Technological advancements
*8.3.3 Implementation of organic and inorganic strategies by market players
***9. Vendor Landscape
**9.1 Overview
*Exhibit 38: Vendor landscape
**9.2 Landscape disruption
*Exhibit 39: ?Landscape disruption?
*Exhibit 40: Industry risks
**9.3 Competitive Scenario
***10. Vendor Analysis
**10.1 Vendors covered
*Exhibit 41: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 42: ?Market positioning of vendors?
**10.3 Becton Dickinson and Co.
*Exhibit 43: Becton Dickinson and Co. - Overview
*Exhibit 44: Becton Dickinson and Co. - Business segments
*Exhibit 45: Becton Dickinson and Co. – Key news
*Exhibit 46: Becton Dickinson and Co. - Key offerings
*Exhibit 47: Becton Dickinson and Co. - Segment focus
**10.4 Cardinal Health Inc.
*Exhibit 48: Cardinal Health Inc. - Overview
*Exhibit 49: Cardinal Health Inc. - Business segments
*Exhibit 50: Cardinal Health Inc. – Key news
*Exhibit 51: Cardinal Health Inc. - Key offerings
*Exhibit 52: Cardinal Health Inc. - Segment focus
**10.5 Dragerwerk AG and Co. KGaA
*Exhibit 53: Dragerwerk AG and Co. KGaA - Overview
*Exhibit 54: Dragerwerk AG and Co. KGaA - Business segments
*Exhibit 55: Dragerwerk AG and Co. KGaA - Key offerings
*Exhibit 56: Dragerwerk AG and Co. KGaA - Segment focus
**10.6 Fisher and Paykel Healthcare Corp. Ltd.
*Exhibit 57: Fisher and Paykel Healthcare Corp. Ltd. - Overview
*Exhibit 58: Fisher and Paykel Healthcare Corp. Ltd. - Business segments
*Exhibit 59: Fisher and Paykel Healthcare Corp. Ltd. - Key offerings
*Exhibit 60: Fisher and Paykel Healthcare Corp. Ltd. - Segment focus
**10.7 General Electric Co.
*Exhibit 61: General Electric Co. - Overview
*Exhibit 62: General Electric Co. - Business segments
*Exhibit 63: General Electric Co. - Key news
*Exhibit 64: General Electric Co. - Key offerings
*Exhibit 65: General Electric Co. - Segment focus
**10.8 Getinge AB
*Exhibit 66: Getinge AB - Overview
*Exhibit 67: Getinge AB - Business segments
*Exhibit 68: Getinge AB – Key news
*Exhibit 69: Getinge AB - Key offerings
*Exhibit 70: Getinge AB - Segment focus
**10.9 Koninklijke Philips NV
*Exhibit 71: Koninklijke Philips NV - Overview
*Exhibit 72: Koninklijke Philips NV - Business segments
*Exhibit 73: Koninklijke Philips NV – Key news
*Exhibit 74: Koninklijke Philips NV - Key offerings
*Exhibit 75: Koninklijke Philips NV - Segment focus
**10.10 Masimo Corp.
*Exhibit 76: Masimo Corp. - Overview
*Exhibit 77: Masimo Corp. - Product and service
*Exhibit 78: Masimo Corp. - Key news
*Exhibit 79: Masimo Corp. - Key offerings
**10.11 Medtronic Plc
*Exhibit 80: Medtronic Plc - Overview
*Exhibit 81: Medtronic Plc - Business segments
*Exhibit 82: Medtronic Plc- Key news
*Exhibit 83: Medtronic Plc - Key offerings
*Exhibit 84: Medtronic Plc - Segment focus
**10.12 Vyaire Medical Inc.
*Exhibit 85: Vyaire Medical Inc. - Overview
*Exhibit 86: Vyaire Medical Inc. - Product and service
*Exhibit 87: Vyaire Medical Inc. - Key offerings
***11. Appendix
**11.1 Scope of the report
*11.1.1 ????Market definition
*11.1.2 ????Objectives
*11.1.3 ????Notes and caveats
**11.2 Currency conversion rates for US$
*Exhibit 88: ?Currency conversion rates for US$?
**11.3 Research Methodology
*Exhibit 89: ?Research Methodology
*Exhibit 90: ??Validation techniques employed for market sizing?
*Exhibit 91: ??Information sources
**11.4 List of abbreviations
*Exhibit 92: List of abbreviations
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