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The Australia Neonatal and Prenatal Devices Market is Segmented by Product Type (Prenatal and Fetal Equipment, and Neonatal Equipment).
2018 - 2026
The Australia Neonatal and Prenatal Devices Market is expected to register a CAGR of nearly 4.5% during the forecast period. The major factors for the growth of the market include the rising incidence of preterm births and increasing awareness for prenatal and neonatal care.
Preterm births are quite common in the country. According to a research article by Jonathan Morris et al., published in The Australian and New Zealand Journal of Obstetrics and Gynaecology (ANZJOG) 2020, in 2017, in Australia, about 8.7% of babies were born preterm and this rate was higher than in 2010 which was 8.4%. Therefore such an increase translates approximately to an extra 920 babies annually being born preterm. Thus the growing burden of premature babies is expected to increase the demand for incubators which shows positive impact on the market. Thus, owing to the above-mentioned factors it is expected to drive market growth during the forecast period.
As per the scope of the report, fetal monitoring devices are vital tools that are routinely used in gynecology and obstetrics interventions to examine fetal health during labor and delivery. Neonatal devices are extensively used in the Neonatal Intensive Care Units (NICUs), where complex machines and monitoring devices are designed for the unique needs of tiny babies.
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The neonatal incubators are often necessary for infants. The infants need respiratory support, ranging from extra oxygen to continuous positive airway pressure (CPAP) or mechanical ventilation. The temperature regulation of infants is among the major factors to be controlled in the neonatal incubator cases. The companies have varied devices on several parameters, among which temperature regulation is very important, as severe temperature differences lead to neonate heat loss, hypothermia, and apnoea, which are closely related to airflow and air velocity.
According to the Australian Institute of Health and Welfare, in 2017, in Australia, around 2,924 babies died in the perinatal period, 2,173 were stillbirths and 751 were neonatal deaths. Therefore, a high number of preterm births is further boosting segment growth. Therefore the market is expected to witness significant growth over the forecast period.
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The Australia Neonatal and Prenatal Devices Market is consolidated competitive. Some of the market players are GE Healthcare, Getinge AB, Koninklijke Philips NV, Masimo, Medtronic PLC, Natus Medical Incorporated, Phoenix Medical Systems (P) Ltd, and Vyaire Medical.
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Incidence of Preterm Births
4.2.2 Increasing Awareness for Prenatal and Neonatal Care
4.3 Market Restraints
4.3.1 Low Birth Rates in the Country
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Prenatal and Fetal Equipment
220.127.116.11 Ultrasound and Ultrasonography Devices
18.104.22.168 Fetal Doppler
22.214.171.124 Fetal Magnetic Resonance Imaging (MRI)
126.96.36.199 Fetal Heart Monitors
188.8.131.52 Fetal Pulse Oximeters
184.108.40.206 Other Prenatal and Fetal Equipments
5.1.2 Neonatal Equipment
220.127.116.11 Neonatal Monitoring Devices
18.104.22.168 Phototherapy Equipment
22.214.171.124 Respiratory Assistance and Monitoring Devices
126.96.36.199 Other Neonatal Care Equipments
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 GE Healthcare
6.1.2 Getinge AB
6.1.3 Koninklijke Philips NV
6.1.4 Natus Medical Incorporated
6.1.5 Vyaire Medical
6.1.6 Medtronic PLC
6.1.8 Phoenix Medical Systems (P) Ltd
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments