The neonatal thermoregulation market faces some trends which would change the world os infant care plus medical equipment patterns. However, with the research and development of medicine progressing over time, neonatal thermoregulation was considered one of the most critical aspects in critical care, as premature babies are very sensitive to temperature changes. The market now registers growing need for inventive methods designed to guarantee the needed level of temperature for critically ill neonates, which thus highlights the pivotal role of keeping such precise temperature interval for them.
A key driver in the Neonatal Thermoregulation Market is the introduction of innovate temperature management technologies. Technically, incubators, along with radiant warmers, have served as the most effective and easy way of preserving the thermal balance of newborn babies. While there is a current evolution toward higher-end warming systems which afford users with precise control and monitoring options, In the meantime, servo-controlled systems with loop-back feedback functions are increasingly used, thus, providing flexible ways to respond to the needs of the infant with regard to the thermal environment. They enable contributing to the reduction of the temperature variations keeping the expected safety of hypothermia mortality and morbidity.
Additionally, connecting and the intelligence of devices in neonatal thermoregulation equipment is another key component of trend in which the industry is focusing on. In the era of IoT, production industries of medical facilities incorporate features such as sensors and data transmission systems in their equipment. Here, it means healthcare officials can track and change temperature remotely and so a timely response can be made in the event of a need. For instance, the synchronization of electronic health records (EHRs) with the neonatal warming devices adds the advantage of data interchange between the different health institutions, contributing to the complexity conceivable as well as coordinated nurse and doctor with the care.
The Centrality of Neonatal Thermoregulation Market is distributing a thread of research and development that constantly gives rise to new materials and designs. In neonatal blankets, innovative ideas for fabric technology attempt to develop materials that are not only radiculous in heat retention but also breathable, thus relieving overheating. Likewise, the growth of on-body thermoregulation devices is infusing the market with a non-invasive continuous solution neonates monitoring too. These wearable gadgets are designed to make babies be more comfortable and flexible while at the same time reminds healthcare providers about the status of infants in terms of temperature.
The Neonatal Thermoregulation Market is expected to reach USD 23802.0 Million by 2030 at 9.50% CAGR during the forecast period 2022-2030. Neonatal thermoregulation market is expected to grow significantly over the forecast period. Thermoregulation is the ability to create equilibrium between heat production and heat loss in order to maintain body temperature within a certain normal range. The provision of a thermoneutral environment is an essential component of the immediate and long-term care of newborn infants. With the surge in the birth rates of newborns, the equipment used for blood sampling and monitoring the baby is steadily increasing. According to a data published by the Centers for Disease Control and Prevention in January 2017, there were 3,945,875 births in the US in 2017. This means birth rate in US in 2017 was 12.2 per 1000 population. Moreover, rising prevalence of diseases in neonates fuels the growth of the market.
The major players are involved in new product launches and strategic collaborations. For instance, in November 2016, Drägerwerk AG & Co. KGaA introduced IncuWarmer Babyleo TN500 which offers optimal thermoregulation in open care, closed care and transition to the premature baby.
However, stringent government regulation for product approval and possible side-effects for the neonates may hamper the market growth during the assessment period.
Segmentation:
The Neonatal thermoregulation market has been segmented into product type, modality, end-user, and region.The market, on the basis of product type, has been segmented into warmer, neonatal incubators, and neonatal cooling systems.The market, based on warmer, has been further segmented into radiant warmers and wall mount warmer.The market, by neonatal incubators, has been sub-segmented into intensive care incubator and transport incubator.The market, by modality, has been segmented into open and closed.
The market, by end-user, has been segmented into hospitals, pediatric and neonatal intensive care units, nursing homes, and others. The market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Neonatal Thermoregulation Market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada. The European Market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.
The Neonatal Thermoregulation Market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The market in the Middle East & Africa has been segmented into the Middle East and Africa.
Key players:
GENERAL ELECTRIC COMPANY, Natus Medical Incorporated, Inspiration Healthcare Group plc., Koninklijke Philips N.V., Drägerwerk AG & Co. KGaA, Fisher & Paykel Healthcare, International Biomedical, Ltd., Atom Medical Corporation, Fanem Ltd, and Novos Medical Systems are some of the key players in the neonatal thermoregulation market.
Regional Market Summary
Global Neonatal Thermoregulation Market Share (%), by Region, 2017
Source: World Health Organization (WHO), Centers for Disease Control and Prevention (CDC)
Geographically, the Americas is anticipated to dominate the Neonatal thermoregulation market owing to a well-developed healthcare sector. The involvement of government in creating awareness about the neonatal diseases also fuels the growth of the market. For instance, US government has programs like Screening Quality Assurance Programs and Heritable Disorders Program at Health Resources and Service Administration (HRSA). Thus, such initiatives and programs by the government as well as non-government organizations support the market growth.
Europe is expected to hold the second largest position in the Neonatal thermoregulation market. The market growth in this region is attributed to the availability of funds for research.
Asia-Pacific is anticipated to be the fastest growing region in the market due to the presence of a huge patient population, and continuously developing economies, According to a report published by the International Journal of Social and Developmental Concerns in October 2017, in Malaysia, growth of the public primary as well as secondary care facilities has decreased in the past few years and it has not kept pace with the rapid urbanization. Thus, such factors restraint the growth of the market in this region. On the other hand, the Middle East & Africa has the least share of the market.
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