Market Overview

The major factors for the growth of the neonatal and prenatal devices market include the rising incidence of preterm births, increasing awareness for prenatal and neonatal care, and government initiatives to provide better care for prenatal and neonatal infants.

Premature babies are babies born before the mother reaches the gestation period of 37 weeks. Depending on how premature the baby is, there are certain organs, which can be underdeveloped, such as digestive tract, lungs, immune system, and even skin in certain cases, where the demand of incubators for their survival is inevitable. The preterm births are quite common around the world, irrespective of developed and emerging markets. Globally, about more than 1 in 10 pregnancies are likely to end up in preterm birth. Some statistics show the growing burden of premature babies and how it increases the demand for incubators. As per Tommy, a charity funding research group, about 60,000 babies are born each year prematurely in the United Kingdom, which constitutes about 7% of the births. It is higher than several European nations collectively. There are growing complications from premature birth, which is one among the major causes of neonatal death. In the United States, as per the Centers for Disease Control and Prevention (CDC), preterm birth affected about 1 of every ten infants born, in 2016.

Further, in 2015, the preterm births accounted for 17% of the infant deaths and several who survived had breathing problems, feeding difficulties, cerebral palsy, and vision and hearing problems. Apart from that, there are several maternal factors, which raises the importance and demand of the Neonatal Intensive Care Unit (NICU), such as age younger than 16 or older than 40 years, drug addiction cases, diabetes, hypertension, bleeding, sexually transmitted diseases, and multiple pregnancies among others. All these factors are driving the demand for the fetal and neonatal care equipment market, globally.

Scope of the Report

As per the scope of this 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. The market is segmented by product type and geography.

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Key Market Trends

Incubators is the Segment by Product Type is expected to be Fastest Growing Market

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. In the emerging markets, the growing focus is being seen toward low cost alternative neonatal incubators, such as MiraCradle and Embrace Nest in India, which are much cheaper than the incubators original cost, and thus could be more affordable to hospitals and patients in several places across the country. With that, the market is expected to witness high CAGR over the forecast period.

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