Forecast and Analysis on Neonatal Thermoregulation Market for Period 2017 - 2027

The neonates (newly born babies) suffer from a key physiologic challenge of maintaining a neutral thermal environment and requiring special assistance due to medical conditions such as low birth weight and premature birth. Thermoregulation refers to maintain the body temperature by balancing heat production and heat loss from the body. Neonatal thermoregulator is equipment used in a neonatal intensive care unit (NICU), pediatric intensive care unit (PICU), or outside to take proper care of newly born babies. The average temperature of the body that should be considered is 37°C. When the temperature drops below 36.3°C, hypothermia occurs and when the temperature rises above 37.3°C, hyperthermia, both condition causes harm to the neonatal, so the neonatal thermoregulator (incubator) should be used to maintain the body temperature. In order to ensure proper care and healthy development, these infants are placed in a special ward and given care, which is referred to as neonatal care. Neonatal equipment includes devices that are utilized in various applications for neonatal care such as respiratory assistance, monitoring, thermoregulation, and others

Neonatal infant care market is facing a surge in demand for thermoregulation devices from emerging economies such as India, China, South Africa, and Egypt. Companies operating or having distribution networks in these economies are now focusing on developing innovative and affordable neonatal technologies to cater to the needs of the maternal population. The radiant warmer is used to maintain the temperature of the baby, it uses a conduction method via a gel mattress and a radiation light from above. The closed incubator is also used during critical condition. Demand for integrated thermoregulation devices is anticipated to increase significantly during the forecast period. Increasing demand for efficient brain monitoring devices is leading to product innovation and in turn, fueling market growth

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Neonatal Thermoregulation Market: Drivers and Restrains

Major growth drivers in this segment are increasing the age of the maternal population, increasing rate of premature births, high birth rates, especially in emerging economies, technological advancements, and increasing awareness levels about neonatal care. Increase in Premature Birth, an estimated 143 million babies are born globally, out of which approximately 4.20 million are born in the U.S. About 60% of term neonates and 80% of preterm neonates suffer from neonatal jaundice and requires special care as they are prone to hyperthermia and hypothermia. Due to technological advancements in medical devices across the globe, neonatal infant care is expected to witness significant growth in adoption of various equipment such as warmers, incubators and other devices in the near future. This is primarily attributed to increased healthcare awareness and enhanced healthcare spending by companies to offer efficient healthcare services to consumers. Also, strict regulations in the overall medical devices sector are expected to also increase the importance of neonatal equipment manufacturers and hence their bargaining power.

Neonatal Thermoregulation Market: Segmentation

The global Neonatal Thermoregulation market has been classified on the basis of product type, application, end user and geography.

Based on Product Type, the global Neonatal Thermoregulation market is divided into following:

Warmer
Radiant Warmers
Wall Mount Warmer
Neonatal Incubators
Intensive Care Incubator
Hybrid Incubator
Selective Close Care Incubators
Transport Incubator
Neonatal Cooling Systems

Based on the modality, the global Neonatal Thermoregulation market is divided into following:

Open
Closed

Based on the End User, the global Neonatal Thermoregulation market is divided into following:

Hospitals
Pediatric and Neonatal Intensive Care Units
Nursing Homes

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Neonatal Thermoregulation Market: Overview

The neonatal thermoregulation market is segment based on product type, modality, end-user and geography. Based on the product type, neonatal thermoregulation market is segmented on the basis of warmers, incubators and neonatal cooling systems. The warmer segment is further sub-segmented into radiant warmers and wall mount warmers. The neonatal incubator in further sub-segmented as hybrid equipment and selective close care incubators. Radiant warmers are anticipated to witness highest number of installations worldwide. Based on the modality segment, the neonatal thermoregulation market is sub-segmented on the basis of open and closed infant care incubators and warmers. On the basis on end user, the Neonatal Thermoregulation market is segmented on the basis of hospital, pediatric and neonatal intensive care units and nursing homes

Neonatal Thermoregulation Market: Regional Overview

Region wise, the global Neonatal Thermoregulation market is classified into regions namely, North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North America is estimated to account for major share due to increased awareness and technological advancements in the U.S., Demand for new and advanced neonatal care equipment along with replacement of older equipment in various hospitals is a factor contributing to market growth in the region. Majority of neonatal technology manufacturers have manufacturing bases in Europe or have headquarters in Europe. Companies such as Koninklijke Philips N.V., Medtronic and Drägerwerk AG & Co. KGaA supply neonatal infant care products, have a global presence, and account for high revenue shares in the global medical device industry. Significant economic development has led to an increase in healthcare availability in Asia Pacific region providing an opportunity for thermoregulation devices companies to penetrate Asia Pacific regions. Rise in incidence of premature births in developing countries, high birth rates in this region, expanding population, and increasing demand for advanced products is driving market growth

Neonatal Thermoregulation Market: Key Players

Some of the key players in global neonatal thermoregulation market are and other GE Healthcare, Natus Medical Incorporated., Inspiration Healthcare Group plc., Koninklijke Philips N.V., Drägerwerk AG & Co. KGaA, Fisher & Paykel Healthcare, International Biomedical, Ltd., Atom Medical Corporation, Fanem Ltd, Novos Medical Systems, Pluss Advanced Technologies Pvt. Ltd., Weyer GmbH, BabyBloom Healthcare BV, Medical Technology Transfer and Services Asia and others

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This release was published on openPR.