The global neonatal warming equipment market is prognosticated to post a significant CAGR while taking advantage of crucial growth factors such as the increasing cases of preterm births. Transparency Market Research (TMR) prophesies about more factors that could enhance the growth of the market in the coming years. A TMR report carrying the title “Neonatal Warming Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019” brings to the knowledge of readers future competitive scenarios, vital segments, and other aspects that could influence market growth. Each segment of the market is evaluated with the help of effective analysis to point out important opportunities about to take birth in the near future.
On the worldwide platform, the World Health Organization (WHO) estimates close to a 15 million preterm births to occur with each passing year. Infants are more susceptible to infections compared to adults. This could mean that the swelling incidence of hospital-acquired infections (HAIs) may boost the demand for neonatal warming equipment around the world. The rising occurrence rate of hospital-onset Clostridium difficile infection (CDI) as per the New York State Department of Health is anticipated to create more opportunities in the world neonatal warming equipment market.
According to TMR analysts, the growth of the world neonatal warming equipment market could see a rise in the foreseeable future owing to the introduction of technologically sophisticated products. The market growth could also be boosted with the entry of a significant count of vendors involved in the manufacture of neonatal warming equipment. Several governments taking initiatives to support the growth of the market could bode well in the near future. There could be an extensive engagement of neonatal warming equipment with the addition of level IV in neonatal nursing by the American Academy of Pediatrics (AAP).
Certain government regulations on the part of hospitals such as the obligation of deploying a least of one neonatal intensive care unit (NICU) equipped with all neonatal care devices are predicted to increase sales rates in the coming years. Thus, the rising count of hospitals on the global platform could tellingly increase the demand for neonatal warming equipment.
Some of the well-known neonatal warming equipment are ventilator, radiant warmer, pulse oximeter, nasal cannula, incubator, endotracheal tube, bili lights, cardiopulmonary monitor, and blood pressure monitor. Infants suffering from critical heat loss usually need a radiant warmer since their bodies are not capable of maintaining an appropriate temperature. Neonatal warming equipment are generally provided with thermistor temperature sensors to keep a check whether the neonatal is receiving appropriate warming. The portability of neonatal warming equipment is expected to support its demand since it could easily be shifted from labor rooms to NICUs or vice versa.
The high disposable income of the common people in North America could help the region to account for a king’s share of the international neonatal warming equipment market. The presence of prominent manufacturers in the region is envisaged to bolster the growth of the regional market. Increasing incidence of preterm births could be a primary reason for the higher CAGR expected to be exhibited by Asia Pacific for the coming years. China and India are envisioned to significantly contribute toward the growth of the region.
Some of the leading players of the worldwide neonatal warming equipment market could be Phoenix Medical Systems Pvt. Ltd., Fisher & Paykel Healthcare Corp., and Smiths Medical.
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