PUBLISHER: Mordor Intelligence | PRODUCT CODE: 391162
PUBLISHER: Mordor Intelligence | PRODUCT CODE: 391162
The major factors for the growth of the India Fetal and Neonatal Care Equipment market are the high incidence of preterm births, increasing awareness for prenatal and neonatal care, and government initiative to provide better care for prenatal and neonatal infants.
Premature babies are 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 of their survival is inevitable. As per the National Health Portal in India, almost three and half million babies are born prematurely in India which accounts for 13% of births in the country. In 2018, according to WHO India tops the Top 10 list of countries in the world with the highest number of preterm births with 3,51, 9100. 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, diabetes, STDs and multiple pregnancies among others. All these factors are driving the demand for the prenatal and neonatal device 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 a healthy CAGR over the forecast period. Additionally owing to the increasing birth rate in the country is also further propelling the segment growth . According to United Nations, the estimated birthrate in India for the year 2020 is 17. 592.
The market studied is a consolidated market, owing to the presence of various small and large market players. Some of the market players are Atom Medical Corporation, GE Healthcare, Getinge AB, Koninklijke Philips NV, Masimo, Medtronic PLC, Natus Medical Incorporated and Phoenix Medical Systems (P) Ltd.