Global Neonatal Monitoring Equipment Market, By Neonatal Monitoring Devices (Blood Pressure Monitors, Cardiac Monitors, Pulse Oximeters, Capnographs and Integrated Monitoring Devices), By End-Use (Hospitals, Diagnostic Centers, Clinics, and Others), By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa); Trend Analysis, Competitive Market Share & Forecast, 2016-26

Published:
May 2020
Report Code:
BWC2062
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neonatal monitoring equipment market bwc2062

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Global market growth in neonatal care is expected to be driven by increased birth rates, hospital-acquired infections among newborn and pregnant women. According to UNICEF, 60% of neonatal deaths and 68% of perinatal deaths worldwide occur in Asia. Approximately 70% of infant deaths are due to negligible care during the first month of birth. However, lower birth rates among established countries and the presence of too many fragmented players on the market are some of the factors expected to limit the growth of the global fetal and neonatal care market in the forecast period.

Certain factors driving the growth of the market include increasing preterm and low-weight births, growing technological advancements in infant and maternal care products, and rising birth and pregnancy complications due to sedentary lifestyles.

Global Neonatal Monitoring Equipment Market: Overview

Neonatal monitoring has been transformed into a multidisciplinary field involving the unique integration of intelligence from technology, design, medical science and social studies. Increased pressure to leverage new technologies to provide cost-effective, more efficient and safer neonatal care has made the neonatal intensive care unit (NICU) smarter.

Advances in monitoring technologies and their increasing deployment in NICUs is a key factor enabling faster and easier measurement of myriad physiological parameters in neonates. Current neonatal monitors incorporate a number of features, including ECG recordings, oxygen saturation over time, respiratory rate and air flow, and invasive arterial function.

Growth Driver

Need for Monitoring Complications in Premature Neonates

Premature births have prevailed as the main cause of infant mortality, which, in turn, has encouraged the World Health Organization to improve and implement a plan of action to determine its adverse health effects on newborn babies. According to the WHO, almost 3.1% of the global burden of disease is due to premature birth, resulting in around 1.3 million cases of newborn mortality worldwide.

Global Neonatal Monitoring Equipment Market: Neonatal Monitoring Devices

Based on Neonatal Monitoring Devices, Global Neonatal Monitoring Equipment Market is segmented into Blood Pressure Monitors, Cardiac Monitors, Pulse Oximeters, Capnographs and Integrated Monitoring Devices. Pulse oximetry is expected to grow significantly during the forecast period. Pulse oximetry, a leading patient monitoring technology, provides safety for infants and newborns in NICUs, while new advancements in-home monitoring allows vital neonate data to be transmitted to smartphones. The Centers for Disease Control and Prevention (CDC) has planned to screen newborns using pulse oximeters to be beneficial and effective in identifying a number of life-threatening conditions.

Effective patient monitoring technology is highly bound to effective respiratory care at current healthcare facilities in the world.

Global Neonatal Monitoring Equipment Market: Regional Insights

Based on region, the global Neonatal Monitoring Equipment market segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the global market for neonatal care facilities in terms of value due to good policies for reimbursement of diagnostic procedures, the availability of experts, and well-equipped NICU (Neonatal Intensive Care Unit) centers. Increased initiatives between private and government organizations, a neonatal care awareness program, and an increase in the birth rate are expected to boost the market growth in the Asia-Pacific region. Most of the important providers in the global neonatal care equipment market are Blood Pressure Monitors, Pulse Oximeters, Cardiac Monitors, Capnographs and Integrated Monitoring Devices.


Competitive Landscape

The major players in the global Neonatal Monitoring Equipment GE Healthcare, Fisher & Paykel Healthcare Limited, Philips Healthcare, Atom Medical Corporation, Natus Medical Incorporated, Atom Medical Corporation, Beijing Yei Shinhang Electronic Technology, BPL Limited, CRH Medical, Dispomed Ltd., and Other prominent player.

Recent Development

Ø  April, 2020: Philips announced its initiative to quickly scale production of its new Philips Respironics E30 ventilator as a readily available ventilation alternative during the COVID-19 crisis in situations where full-featured, critical care ventilators are not available. Philips will begin production immediately, ramping up outputs on an ongoing basis with expectations of producing 15,000 units per week in April, 2020.

Ø  March, 2019: GE announced the completion of the sale of its BioPharma business to Danaher Corporation for approximately $20 billion of net proceeds.

By Neonatal Monitoring Devices

Ø  Blood Pressure Monitors

Ø  Cardiac Monitors

Ø  Pulse Oximeters

Ø  Capnographs

Ø  Integrated Monitoring Devices

By End-Use

Ø  Hospitals

Ø  Diagnostic Centers

Ø  Clinics

Ø  Others

By Region:  

Ø  North America

Ø  Europe

Ø  Asia Pacific

Ø  Latin America

Ø  Middle East & Africa

The objective of the Study:

Ø  To analyze and forecast the global Neonatal Monitoring Equipment Market size of the market in terms of value.

Ø  To examine the careful market segmentation and forecast the market size, in terms of value, based on the region by segmenting.

Ø  The Global Neonatal Monitoring Equipment Market segmented into five regions, namely, North America, Europe, Asia Pacific, Latin America, Middle East & Africa and their leading countries.

Ø  To outline, categorized, and forecast the global Neonatal Monitoring Equipment Market based on neonatal monitoring devices, and end-use.

Ø  To examine competitive developments like technological advancement, services, and regulative framework within the global Neonatal Monitoring Equipment Market.

Ø  To highlight the impact analysis of the factors affecting the market dynamics such as drivers, restraints, opportunities, and challenges.

Ø  To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.

 


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