Neonatal Thermoregulation Market

Historical Vs. Future Outlook on Neonatal Thermoregulation Equipment Sales

Various governmental initiatives coupled with the growing awareness regarding neonates’ care have bolstered the growth of neonatal thermoregulation industry in the past years. Furthermore, with the increase in birth rates, equipment required for newborns’ monitoring, and caring grew substantially over the past decade apart from facing temporary restraints due to the pandemic outbreak in 2020. According to FMI, the overall industry outlook remained positive for neonatal thermoregulation equipment suppliers during the last 5 years from 2016 to 2020.

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Requirement for proper thermoregulation in order to ensure newborns’ health and wellbeing is getting prominence in hospitals sector. Additionally, advancements in neonatal and paediatric intensive care sector is aiding to the growth of stakeholders. According to FMI, the global neonatal thermoregulation industry is predicted to expand at over 4% CAGR through 2031.

How is the High Requirement from Hospitals Sector Bolstering the Growth of Neonatal Thermoregulation Equipment Manufacturers?

Neonatal thermoregulation solution is highly sought-after in hospitals industry in preventing heat loss and providing a stable thermal environment for neonates and infants. As a result, demand for neonatal thermoregulation equipment is growing fast from hospitals sector.

According to the report titled “Medical Technology Industry Spotlight” published by the SelectUSA, the United States is the largest hospital and medical devices industry in the world valued at US$ 156 Billion, which is 40% of the global industry as in 2017. As per the report, the U.S. hospitals and medical devices industry is forecast to reach US$ 208 Billion by 2023. These figures give a glimpse of the growing opportunities for neonatal thermoregulation equipment providers around the globe.

What are the Key Challenges Faced by Neonatal Thermoregulation Equipment Suppliers?

Despite playing an integral part in neonatal health and care, neonatal thermoregulation equipment suppliers often come across various restraining factors such as-

• Costly installation and maintenance
• The entire process cycle and transition is often expensive
• Lack of knowledge to handle and maintain may lead to fatal consequences for newborns
• Lack of awareness regarding its benefits and hence yet to be adopted in more versatile way across healthcare sectors

Also, the COVID-19 pandemic put a standstill to the production process of neonatal thermoregulation equipment earlier in 2020. However, with the steady recovery of healthcare sector and industry players getting back on track, the suppliers of neonatal thermoregulation equipment are expected to come across lucrative growth scope overcoming these restraining factors.

Country-Wise Analysis

How Big is the Growth Scope in the United States for Neonatal Thermoregulation Equipment Manufacturers?

The United States is the hotspot for neonatal thermoregulation industry players, being in the epicenter of the world’s largest industry North America. Highly advanced healthcare industry and rising awareness regarding deaths of newborns are boosting the growth of neonatal thermoregulation companies in the U.S.

According to the report titled “Infant Mortality in the United States” published by the National Centre for Biotechnology Information (NCBI), the U.S. infant mortality rate was 5.79 infant deaths per 1,000 live births in 2017, not much different from the rate of 5.87 in 2016. As per the report, the neonatal and post neonatal mortality rates for 2017 were 3.85 and 1.94 respectively, which were unchanged as compared with 2016. Such reports are boosting the awareness regarding neonatal healthcare, which in turn is fuelling the sales of neonatal thermoregulation equipment suppliers.

What’s Driving the Sales in Germany Neonatal Thermoregulation Industry?

Germany has been contributing significantly to the demand growth in Europe neonatal thermoregulation industry, being in the focal point for stakeholders. Backed by the highly advanced manufacturing hubs and technically advanced hospitals sector, Germany is highly sought-after for neonatal thermoregulation manufactures.

As stated in the report titled “Healthcare Expenditure Statistics” published by the European Commission (EC), among the European Union (EU) member states, France, Germany, and Sweden had the highest healthcare expenditure relative to Gross Domestic Product (GDP) in 2017 (between 11.0% and 11.3%). This indirectly refers to the lucrative growth scope for neonatal thermoregulation industry players in Germany.

Will China Maintain its Lead in the Global Neonatal Thermoregulation Industry?

China is dominating in Asia Pacific neonatal thermoregulation industry and subject to exhibit hegemony during the forecast period. Increase in focus to reduce neonates’ mortality rate and governmental investments in healthcare and medical devices industry are spurring the growth of neonatal thermoregulation equipment suppliers in China.

As per the report titled “Neonatal Mortality in Hospitalized Chinese Population” published by the NCBI in 2019, in China, the mortality in neonates with a gestational age of 28-32 weeks (0.6%) was significantly higher than that of < 28 weeks, 32-37 weeks, 37-42 weeks, and >42 weeks as in 2019. The report also stated that the neonatal mortality in Eastern China was lower than that of the Central and Western China, while the major causes of neonatal deaths included asphyxia, respiratory distress syndrome, and infection. These data explain well why suppliers of neonatal thermoregulation equipment are targeting China in order to excel in this field.

Why is Japan Highly Sought-After for the Stakeholders in the Neonatal Thermoregulation Industry?

Japan has taken the limelight of neonatal thermoregulation equipment manufacturers due to having technically advanced paediatric and neonatal healthcare and intensive care sector and highly developed manufacturing infrastructure.

According to the report titled “Japan- Healthcare IT” published by the Japan Country Commercial Guide on 9^th June, 2019, Japan continues to rank among the top export prospects according to the United States Department of Commerce’s Health IT top market report. As stated in the report titled “Utilizing Artificial Intelligence (AI) in Healthcare Sector”, published by the Ministry of Health, Labor and Welfare’s artificial intelligence advisory panel in June, 2017, various new innovations and technologies including AI are being adopted in healthcare sector. This gives an idea regarding the new opportunities awaiting for neonatal thermoregulation industry players in Japan.

Category-Wise Insights

Which Product Type has High Demand in the Neonatal Thermoregulation Industry?

Presently, various types of warmer such as radiant warmers and wall mount warmers are highly sought-after in the global neonatal thermoregulation industry. According to FMI, these segments will sustain in the positions in terms of product type, owing to have various exclusive properties such as-

• Highly efficient in controlling and maintaining proper temperature for neonates’ health
• Capable in managing relative humidity
• Helps in limiting metabolism rates of neonates

Other key segments in terms of product type, which are catering to the growth of suppliers, are neonatal incubators and neonatal cooling systems.

Which Modality is Preferred by the Neonatal Thermoregulation Equipment Manufacturers?

Currently, open modality is highly preferred by manufacturers as well as healthcare professionals in the neonatal thermoregulation industry. This type of modality is highly demanded owing to its various advantages such as-

• Hassle-free maintenance
• Highly reliable
• Cost-effective
• Higher efficiency

As a result, the demand for neonatal thermo-regulators with open modality is forecast to rise further in the near future.

Competitive Landscape

With the competition getting stricter each passing year, key industry players are emphasizing on bringing in diverse range of neonatal thermoregulation devices and equipment.

For instance,

• Inspiration Healthcare Group Plc. launched its new Tecotherm Neo., INSPIRE NCPAP™, and others during the last 5 years
• Atom Medical Corporation launched its new Incu i, Transport Incubator, Infant Warmer, and others a couple of years back

Some of the key players supplying neonatal thermoregulation equipment are-

• GE Healthcare
• Natus Medical Incorporated
• Inspiration Healthcare Group Plc.
• Koninklijke Philips N.V.
• Dragerwerk AG & Co. KGaA
• Fisher & Paykel Healthcare
• International Biomedical, Ltd.
• Atom Medical Corporation
• Fanem Ltda
• Novos Medical Systems
• Pluss Advanced Technologies Pvt. Ltd.
• Weyer GmbH
• Medical Technology Transfer and Services Asia

*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report

Report Scope

Key Questions Answered in Report

• Which are the top companies providing neonatal thermoregulation equipment?

  Some of the top companies manufacturing neonatal thermoregulation equipment are GE Healthcare, Atom Medical Corporation, Novos Medical Systems, and Weyer GmbH.

• Which are some of the lucrative markets for neonatal thermoregulation?

  The United States, Germany, China, India, Japan, France, Canada, Italy, the United Kingdom, and a few others are lucrative markets for neonatal thermoregulation, and are expected to dominate throughout the forecast period.

• Which product type accounts for high sales of neonatal thermoregulation equipment?

  Presently, warmer is the most lucrative in terms of product type, and is expected to lead over the forecast period of 2021 to 2031.

• Which modality witnesses high demand?

  Presently, open modality has high demand in the neonatal thermoregulation space, and is predicted to sustain this leading position throughout the forecast period.

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Market Segmentation by Category

Product Type

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

Modality

• Open
• Close

End User

• Hospitals
• Paediatric and Neonatal
  • Intensive Care Units
• Others

Region

• North America
• Latin America
• Europe
• Middle East and Africa (MEA)
• East Asia
• South Asia
• Oceania