Global Neonatal and Infant Care Equipment Market: Overview

For the lack of immunity power, which is only starting to grow since birth, neonatal or infant are more prone to several types of diseases than the adults. Consequently, they require constant care and with technological advancements, various efficient equipment are now available for the proper care. As the world population surges ahead, the demand in the global neonatal and infant care equipment market is estimates for a healthy growth rate during the forecast period of 2016 to 2024. 

This report on global market for neonatal and infant care equipment is a thorough study of all the major factors that are expected to impact the demand during the forecast period, positively or negatively. And based on the analysis, it presents projections for the future state of the market. This report also highlights a few trends which, if carefully exploited, can help the players gain market share. Among the featured attributes of this report is the section on company profile, which analyzes several players of the market for their market share, regional presence, product portfolio, price and margin, marketing strategies, and other recent developments. The global neonatal and infant care equipment market can be segmented on the basis of product type, end users, and geography. By product type, the market can be divided into thermoregulation devices, monitoring systems, phototherapy equipment, vision screening, and hearing screening while on the basis of end users, the market can be categorized into hospitals, pediatric and neonatal clinics, and nursing homes. Geographically, the report studies the opportunities available in the regions of Asia Pacific, Europe, North America, and Rest of the World. 

Global Neonatal and Infant Care Equipment Market: Trends and Opportunities

Rapidly growing world population, coupled with increased cases of premature birth incidence, are the primary driver for this market. According to the World Health Organization (WHO), an estimated 15 million babies are born premature (before 37 completed weeks of gestation), and premature birth complications are among the most common death causes among children under 5 years of age. WHO finds that across 184 countries, the rate of premature birth ranges from 5% to 18% babies born. Improvements in equipment, which are now highly efficient and accurate, is another factor expected to drive the demand during the forecast period. Additionally, the launch of multi-specialty products and rising awareness pertaining to the availability of neonatal care equipment will further boost the demand over the course of next few years. 

Moreover, improving healthcare infrastructure in emerging economies is another factors positively influencing the market. However, high price of brain monitoring devices and ventilators along with the lack of product differentiation are two prominent factors that may hinder the growth rate. By product type, thermoregulation devices serve the maximum demand whereas on the basis of end user, the segment of pediatric and neonatal clinics are projected for the best growth rate, although hospitals remain major end user as of now. 

Global Neonatal and Infant Care Equipment Market: Region-wise Outlook

Currently, developed countries of the U.S. and Canada makes North America the most lucrative region for the players in this market, with countries such as the U.K., Germany, and France make Europe the second most profitable region. However, Asia Pacific is expected to expand at the most robust growth rate as it resides nearly half of the world’s population and the percentage continues to increase each year. 

Companies mentioned in this research report

Some of the key companies currently operating in global neonatal and infant care equipment market are GE Healthcare, BabyBloom Healthcare BV, Medtronic, Drägerwerk AG & Co. KGaA, Koninklijke Philips N.V., Natus Medical Incorporated, Pluss Advanced Technologies Pvt. Ltd., Fisher & Paykel Healthcare Limited, Weyer GmbH, Novos Medical Systems, Inspiration Healthcare Group plc., Medical Technology Transfer and Services Asia (MTTS Asia), and Fanem Ltda.

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. 

This upcoming business intelligence report is intended to be a one-stop market research solution to guide organizations in taking timely and effective decisions for their business growth. The ongoing study is the culmination of our deep expertise on data science methods, combined with an unparalleled understanding of the external environment and analysis of the industries. Each of the reports by TMR aims at offering a detailed scrutiny of the value chain of our current and prospective customers, takes them from identifying value propositions, and subsequently assist their business executives to implement right strategies to create customer value. We believe that creating and sustaining the customer value is the key pivot on which business executives can create profits for their organizations and increase the market shares, continuously and with sustainability.

Each of our touchpoints through which we engage with the organization/enterprise during the primary research enables us to understand the internal environment it operates in and the ways in which the external environment influences its growth.

Always Evolving with Competition

Excellence is built into the DNA of TMR, and all our teams work collaboratively and committedly toward achieving that in whatever they do. From the very first interaction our teams of research analysts have with any interested market participant to the final preparation processes in each of our reports reflects a rigorous understanding of the dynamic industry environment that businesses operate in.

We relentlessly work to be a differentiator in whatever we do in the current era of hypercompetitive global environment. The result of our unceasing focus on excellence is reflected clearly in the insights and guidance we offer to our customers in order to empower them to create brand equity. Our simple yet very powerful underpinning for navigating the competition is to always keep evolving with changing business environments. Our close-kinit team of research analysts not only believe in this simple philosophy but also implement the same.

Constantly Innovating Our Research Methodologies and Models

We do not limit with any specific market research tool or one standard approach for obtaining or analyzing data. Undoubtedly, our report making process is ever-evolving to meet the customer needs and demands supported broadly by a vast knowledge of data science methods that we combine with business acumen our teams have built upon for several years. Evidently, our primary and secondary research data about customers and consumers have shown that we can go to any lengths to obtain them. This is followed by applying next-gen automation tools integrated with human judgement to clear the clutter, ascertain the most relevant and recent qualitative and quantitative insights, and package them in digestible chunks in our reports for our customers.

We Take Pride in No-One-Size-Fits-All Approach

Over the past several years, we have been conducting market intelligence studies across all industries for all types of organizations — big and small, profit and not-for-profit, and Fortune 500 and Unicorns, as we believe that a sound decision making must be based on no-one-size-fits-all approach. Without doubt, each of the organizations regardless of the industry they are in are affected differently by changes in political, economic, socio-culture, legal, ecological, and legal environments. The research models and the value chain analysis process that our analysts employ for conducting the study uphold this approach.

We look at myriad components of internal and external business environment affecting the growth strategies of organizations. Some of the broader aspects that we focus on are:

  • Our team of Analysts and Support Teams always strive to see the bigger picture in life cycle stages of any industry
  • The Teams focus on obtaining valuable insights into different models of competitive advantage while making an internal environment analysis
  • They keep on modifying the value chain analysis processes of organizations to understand on how customer value is created

Some areas of assessing market dynamics that are used in the research models and methodologies adopted by our analysts can be summarized as:

  • Corporate and business strategies underlying new brand positioning strategies
  • Mapping for strategic planning for business units
  • Various metrics for business portfolio analysis, including BCG matrix
  • Value chain analysis

These will help create and sustain competitive advantage for our prospects and current customers.

Key focus areas and agenda that underpin and catalyze our primary and secondary research initiatives and endeavors are:

  • What are some of the core competencies and distinctive competencies of new entrants and established players in the industry we are analyzing?
  • What are some of the branding opportunities that are emerging at a rapid pace?
  • What are the major competitive forces and elements of external environment shaping the industry life cycle stages of most organizations?
  • Why some competitive strategies are popular than others among leaders in a certain market?
  • What customer-based brand equity strategies companies have leveraged in a certain industry or set of related industries in a sector?
  • What are some of the key pricing strategies that companies in an industry are implementing for marketing their products internationally?
  • Identifying whether market-push or market-pull strategies are more relevant to a certain product or a service?

Disclaimer: This ongoing market research study is a meticulously planned activity where a broad array of factors and aspects that shape the marketing environment and industry are taken into account. However, keeping in mind the constantly changing nature of business dynamics and changing strategic intents, we are always actively making iterations and modifications in our approaches. As always, we are ready to tailor our insights and guidance to suit your requirements. Engage with us to know what more is there for your CXOs.

Enquiry Before Buying

TMR offers Enquiry Before Buying that help clients to get information on their business scenario required where syndicated solutions are not enough.

Enquiry Before Buying

Neonatal And Infant Care Equipment Market