Global Infant Resuscitators Market: Overview
Infant or neonatal resuscitation is a medical intervention that helps new born to breathe. It is mostly done for babies with birth asphyxia, a medical condition in which the baby is deprived of oxygen and is unable to breath. Lack of oxygen may result in damage to vital organs such as the heart, lungs, liver, gut, kidneys, and brain. Infant resuscitators are used to help newborns inhale air in order to avoid further complications. Effective resuscitation may help reduce neonatal mortality and improve neonatal care.
Global Infant Resuscitators Market: Key Trends
An increase in the number of premature births, significant burden of asphyxia among new born, and launch of new disposable and augmented infant resuscitators are anticipated to drive the infant resuscitators market during the forecast period. According to the Lancet, birth asphyxia results in nearly 800,000 neonatal deaths annually and one million potentially preventable stillbirths. According to an article published by the U.S. National Library of the Medicine National Institutes of Health, proper resuscitation method may reduce birth asphyxia-related neonatal deaths by 30% and premature deaths by 10%. Additionally, a rise in the emphasis on neonatal care and increase in the availability of devices and emergency kits for neonates are anticipated to boost the infant resuscitators market. For instance, in September 2018, Koninklijke Philips N.V. launched the Augmented Infant Resuscitator (AIR), a device for conventional neonatal bag-valve-mask (BVM) resuscitators used for resuscitation of asphyxiated newborn babies. These factors are anticipated to propel the market. However, the growth of the market is anticipated to be hindered by recalls of infant resuscitators by regulatory authorities such as the Food and Drug Administration (FDA) and lack of trained health care professionals performing resuscitation.
Global Infant Resuscitators Market: Segmentation
The global infant resuscitators market can be segmented based on type, modality, end-user, and region. In terms of type, the market can be divided into disposable and reusable. Based on modality, the market can be classified into standalone and portable. In terms of end-user, the global infant resuscitators market can be categorized into hospitals, ambulatory surgical centers, and others. The hospitals segment is expected to account for a prominent market share, owing to an increase in the number of premature births in hospitals.
Global Infant Resuscitators Market: Regional Analysis
In terms of region, the global infant resuscitators market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to account for a prominent market share during the forecast period. The market in the region is anticipated to be driven by technological advancements, rise in the number of market players manufacturing devices for neonatal care, and increase in the number of health care centers for infants. The U.S. accounted for a significant market share in the infant resuscitators market in North America, followed by Canada. This is due to FDA approvals received by market players and increase in the importance of neonatal care. For instance, in June 2014, International Biomedical based in Texas (U.S.) received FDA approval for Puffin infant resuscitator. This approval enabled the company to add a new product to its existing product portfolio of neonatal care devices. The infant resuscitators market in Asia Pacific is projected to be driven by a rise in focus on reducing neonatal deaths in low- and middle-income countries in Asia Pacific, efforts to increase the availability of basic life support health care services for infants, and increase in the number of health care institutes & medical centers offering training to health care professionals in neonatal care.
Global Infant Resuscitators Market: Competitive Landscape
Key players operating in the global infant resuscitators market are Koninklijke Philips N.V., Fisher & Paykel Healthcare Limited., Smiths Group plc., Ambu A/S., Soleno Therapeutics, Inc., Compamedic Instruments Pvt. Ltd., General Electric Company, Mercury Medical, nice Neotech Medical Systems Pvt. Ltd, and International Biomedical.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.