Neonatal Monitoring Equipment Market Set to Deliver Major Revenue Shares during the Forecast Period 2018-2028 | Key Players - General Electric Healthcare Ltd., Drägerwerk AG & Co. KGaA, Getinge AB, Koninklijke Philips N.V., etc.

FactMR has published a new research report titled “Neonatal Monitoring Equipment Market Set to Deliver Major Revenue Shares during the Forecast Period 2018-2028” to its online database that tries to unveil the various scenarios prevailing in the neonatal monitoring equipment market. This assessment delivers a smart compilation of primary and secondary data which provides a clear insight about the future plans expected to impact the neonatal monitoring equipment market. This study comprises of prominent data which makes it a beneficial source for investors, analysts and industry experts to acquire necessary knowledge associated to the fundamental market trends, opportunities and growth drivers during the stated forecast period (2018-2028).

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Neonatal monitoring has transformed into a multidisciplinary field that involves unique integration of intelligence from technology, design, medical science & social study. Mounting pressures for leveraging new technologies in order to offer cost-effective, more efficient, and safer neonatal care have made the neonatal intensive care units (NICUs) smarter.

Advancements in monitoring technologies and their growing deployments in NICUs is a key factor enabling faster & easier measurement of myriad physiological parameters in neonates. Current neonatal monitors incorporate several features including ECG recordings, oxygen saturation over time, respiratory rate & air flow, and invasive arterial blood pressure.

Value-based healthcare models have led the development of NICU centers that are well equipped with monitoring & diagnostic devices, coupled with rising number of FDA approvals for these devices. Additionally, gradually increasing awareness on excessive sensory stimuli, discomfort, and procedural pain has been driving the demand for non-obtrusive neonatal monitoring technologies. Demand for neonatal brain monitoring equipment featuring video recording devices will also gain high traction in the near future.

Premature birth has prevailed as the major cause of infants’ mortality, which in turn has urged the World Health Organization in devising and implementing a plan of action regarding determination of its adverse health effects on newborn babies. According to WHO, nearly 3.1% of the global disease burden is accounted by premature birth, and this has resulted into approximately 1.3 million newborn mortality cases worldwide. Rate of preterm delivery varies considerably in different countries across the globe, and the WHO relates its prevalence based on high-income nations (9.3%), middle-income nations (11.3%), and low-income nations (11.8%).

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Premature neonates suffer from complications prior to their complete development in the womb. Therefore, monitoring medical problems in cases of premature birth is highly essential to eliminate the possibility of various disabilities such as hearing impairment, visual challenges, and dyslexia. With growing instances of premature births, demand for neonatal monitoring equipment will increase in the upcoming years.

Several parameters and data points are gathered and centrally managed during NICU admissions, which comprise physiological parameters, sensor readings, device data, and interventions and observations of caregivers. High data volume generated in NICUs are leveraged for predictive monitoring that involves physiological data analysis for identifying infants at high risk, thereby enabling early detection of ailments.

Researchers have developed an ECG for continuous analysis of transient decelerations and low heart rate variability for computing heart rate characteristics index (HeRO). This developments aids in early detection of sepsis in newborn babies. Attempts have also been made for using parameters in the detecting apneas of premature infants. Although challenges persist in predictive monitoring and proper training is required for relevant caregivers, this approach has potential for treating life-threatening ailments earlier, thereby improving outcomes in neonatal care.

Pulse oximetry, a prominent patient monitoring technology, is providing safety for infants and newborns in NICUs, while new advancements in home monitoring enable data transmission of neonates’ vital data to smartphones. The Centers for Disease Control and Prevention (CDC) has slated screening newborns by using pulse oximeters to be beneficial & effective in identifying numerous life-threating conditions. In current-world healthcare facilities, effective patient monitoring technology is highly bound to effective respiratory care.

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FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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