The Neonatal Incubators Market Is Expected To Grow Rapidly
According to the World Health Organization (WHO), over 15 million preterm births are recorded annually across the globe, and more than 1 million die due to complications related to premature birth. On an average over 11% of all births in the U.S. are preterm according to the Centers for Disease Control and Prevention (CDC). India, China, Nigeria, Pakistan, Indonesia, U.S., Bangladesh, The Philippines, and Brazil are some of the leading countries with preterm birth records according to the WHO. Hence the neonatal incubators market is expected to grow rapidly in the coming years in these countries. Currently majority of the market is confined to the North America region due to higher number of well-equipped hospitals and maternity centers. However as the rate of infant mortality is increasing in developing and under developed economies in the Asia Pacific, Latin America and Africa region, the neonatal incubators market is expected to grow rapidly in these regions. Healthcare sector in the Middle East is developing rapidly due to government initiatives to improve the quality of medical care and attract more tourists for medical treatments. Hence it is expected that this region would also be a potential market in the near future. High price of neonatal incubators is expected to be a major hurdle to penetrate effectively in the under developed countries. Various government as well as not-for-profit organizations are however trying to install infant incubators in rural hospitals in African countries to tackle infant mortality.
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The global neonatal incubators market is fragmented with large number of local as well as multinational players. Subtle product differentiation exists between devices manufactured by companies. New technology is however expected to add new features to the neonatal incubators such as wireless connectivity, remote patient monitoring, alert systems and others. Some of the key players in the neonatal incubators market include Phoenix, Draeger, Fanem, Natus, GE Healthcare, DRE Medical and various others.
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Spearhead Acuity Business Research & Consulting Private Limited (SA-BRC) is a premium Life Science business intelligence and data analytics firm. SA-BRC team offers a wide range of business intelligence services to multiple stakeholders such as Medical Device Manufacturers, Service Providers (Hospitals, Payers, etc.), Suppliers, Group Purchase Organizations, Distributors and all other individuals in the entire value chain of healthcare industry. Our research and consulting capabilities extend across several sub-domains within the sphere of Life Sciences such as Biotechnology, Healthcare IT, Medical Devices, Veterinary Sciences, Wellness Products and Pharmaceuticals.
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