Neonatal Thermoregulation Market

Neonatal Thermoregulation Market: Asia Pacific Projected to be the Most Lucrative Regional Market During the Forecast Period: Global Industry Analysis 2012 - 2016 and Opportunity Assessment 2017 - 2027

Improvements in existing technologies to address public health problems

There have been considerable advancements in developing monitoring systems for neonates. The companies operating in the neonatal monitoring systems market are developing upgraded and improved versions of products, thus ensuring safety and accuracy. This has induced various tire I and tire II manufacturers of neonatal infant care equipment to offer value added products in order to sustain themselves in the changing dynamics of the neonatal infant care equipment market, and this is true especially for the U.S. Companies in the United States are focused on developing integrated neonatal infant care products that are portable. For instance, U.S. based companies such as GE Healthcare and Natus Medical Incorporated provide high-end technologies such as Giraffe OmniBed, which is the combination of an incubator and a radiant warmer that allows carrying out a clinical procedure without any disruption.

Expansion of paediatric clinics and neonatal intensive care units in the U.S. boosting market revenue growth

A limited number of paediatric clinics and specialists is a major problem encountered across various countries. For instance, in the United States, there are inadequate number of neonatal nurses and specialists due to the expenses of additional training. This has created a major shortage in the neonatal care industry in the country. This has resulted in major multi-chain hospitals focusing on increasing their footprint by opening paediatric clinics in various locations in the United States to further increase access to neonatal clinics or children hospitals. For instance, in 2013, Stanford Children’s Health established specialty service centres along with California Pacific Medical Centre in San Francisco and seven more areas in the San Francisco Bay area. The number of neonatologists and NICUs has increased in the United States since 2003. The first NICU was established in 1960s and presently there are more than 1,500 NICUs in the United States. According to JAMA Paediatrics, in 2012, there were about 43.2 NICU admissions per 1000 births. The study between the time periods of 2007-2012 concluded that the NICU admission rate increased from 64.0 to 77.9 per 1000 live births.

Strict regulatory approvals in the U.S. are likely to hamper growth of the market

Neonatal incubators are regarded as class II high-risk medical devices by the U.S. FDA. Therefore, such kind of devices are subject to additional controls prior to receiving approval. Imposition of an excise duty of 2.3% on all medical devices is one of the clauses that is likely to restrain the growth of the market. Pre-marketing approval is a lengthy and an expensive process that impacts the growth of neonatal thermoregulation market as it makes the approval process lengthy and launch of new devices takes considerable time. However, such kind of stringent regulatory process is necessary to ensure the safety and efficacy of the medical products.

global neonatal thermoregulation market

Global Neonatal Thermoregulation Market Analysis by Region

As per the data provided by Future Market Insights, the North America neonatal thermoregulation market was estimated to be valued at nearly US$ 105 Mn in 2017 and is likely to reach a valuation of nearly US$ 160 Mn in 2027, exhibiting a CAGR of 4.2% during the assessment period of 2017-2027. The Europe neonatal thermoregulation market was estimated to be valued at nearly US$ 97 Mn in 2017 and is anticipated to touch a valuation of nearly US$ 161 Mn in 2027, displaying a CAGR of 5.2% during the period of forecast. 

This report tracks the global neonatal thermoregulation market and presents the value forecasts for this market for a period of 10 years. The significant problem in neonates at birth is management of temperature and this contributes to significant morbidity and mortality. Low birth weight is the major cause of hypothermia and hyperthermia due to decreased thermal insulation as a result of lack of subcutaneous fat. Newborns are prone to develop hypothermia. Neonatal thermoregulation devices are used to regulate the body temperature of newborn babies.

A comprehensive report that covers all the important aspects of the global neonatal thermoregulation market

In order to obtain an ease of understanding and for the better organization of the report, the report on global neonatal thermoregulation market has been divided into four distinct parts. The first part of the report contains the introduction section that has the executive summary of the report along with the market taxonomy and the definition of neonatal thermoregulation. This valuable section of the report also contains information on the macroeconomic factors and the opportunity analysis of the global neonatal thermoregulation market. The regulatory scenario of the global neonatal thermoregulation market and the reimbursement scenario of the neonatal infant care devices in United States and United Kingdom is also given in this section of the report.

The second part of the report contains the regional neonatal thermoregulation market analysis and the regions are chosen as per the market taxonomy. In this section of the report, the regional market numbers are discussed in great detail along with the regional drivers, restraints and trends affecting the respective regional markets.  The last part of the report contains the global thermoregulation market analysis and forecast by product type, modality, end user and by geography. This section of the report contains important market numbers in the form of market attractiveness index, incremental dollar opportunity and basis point share analysis.

Competition landscape section is a treasure trove of market intelligence

Another part of the report features the competition landscape of the global neonatal thermoregulation market and has information on the key players operating in this market. The competition landscape contains detailed information on the important companies operating in the global neonatal thermoregulation market in the form of company description, product overview, key developments, strategic overview and key financials of each of the featured companies along with the SWOT analysis of the companies. This competition landscape is a valuable part of the report as it contains all the necessary information to study the leading companies operating in the global neonatal thermoregulation market in detail and also reveals how they implement their strategies and vision to stay at top in this highly competitive market.

A robust research methodology for accuracy in market numbers

Overall market size has been analysed through historical data, primary responses, and public domain data. Revenue of companies in the global neonatal thermoregulation market has been benchmarked to ascertain the market size for the base year. Macroeconomic indicators such as GDP and industry growth have been considered to forecast the market size over the forecast period. The historical growth trend of end-use industries, market participants’ performance, as well as the present macro-economic outlook has been taken into consideration for estimating the overall market trend forecast. This data is then validated using the triangulation method and is extensively scrutinised using advanced tools to garner quantitative and qualitative insights into the global neonatal thermoregulation market. 

Market Taxonomy

Product Type

Modality

End User

Geography

  • Warmer

    • Radiant Warmer

    • Wall Mount Warmer

  • Neonatal Incubators

    • Intensive Care Incubator

      • Hybrid Incubator

      • Selective Close Care Incubators

    • Transport Incubator

  • Neonatal Cooling Systems

  • Open

  • Closed

  • Hospitals

  • Paediatric and Neonatal

    • Intensive Care Units

  • Others

  • North America

  • U.S.

  • Latin America

  • Europe

  • Germany

  • Asia Pacific

  • China

  • India

  • Australia and Oceania

  • Japan

  • Middle East and Africa

  • South Africa