The Neonatal
Thermoregulation Market share is expected to reach USD 23802.0 Million by
2030 at 9.50% CAGR during the forecast period 2022-2030. Thermoregulation
simply put, is the ability of creating equilibrium amid heat loss and heat
production for maintaining body temperature in a specific normal range. Having
a thermoneutral environment is a crucial component of both the long-term and
immediate care of a newborn infant. Following the increase in the birth rates,
the equipment utilized for monitoring the baby and also for blood sampling is
increasing steadily. Smart and technically advanced incubators are being
manufactured more and more by the companies to offer babies protection against
infection, noise, cold temperature, maintain fluid balance, administration of
medicines and to offer oxygenation. In case of neonates, thermoregulation is
influenced strongly by a couple of factors namely extent of illness, physical
immaturity and other forms of environmental factors.
There are abundant factors that is propelling the growth of
the neonatal thermoregulation market. These factors as per the MRFR (Market
Research Future) report include increasing use for monitoring the baby and
blood sampling, increase in birth rates all across the world that is boosting
the demand for neonatal thermoregulation, advancement of technology in medical
devices and increasing occurrence of diseases in neonates. On the contrary,
possible side-effects on neonates and stringent regulation made by the
government for product approval are factors that may deter the growth of the
neonatal thermoregulation market over the assessment period.
Market Segmentation
MRFR report offers a broad segmental analysis of the
neonatal thermoregulation market on the basis product type, end user and
modality.
Based on product type, the neonatal
thermoregulation market outlook is segmented into neonatal cooling systems,
neonatal incubators and warmer. The warmer segment is further segmented into
wall mount warmer and radiant warmers. The neonatal incubators are further
segmented into transport incubator and intensive care incubator. Of these,
neonatal incubators will have a major share in the market over the assessment
period.
Based on modality, the neonatal thermoregulation market is
segmented into closed and open.
Based on end-user, the neonatal thermoregulation market is
segmented into nursing homes, neonatal
intensive care units (ICU), pediatric intensive care units, hospitals and
others. Of these, hospitals will dominate the market over the assessment
period.
Regional Analysis
By region, the neonatal thermoregulation market covers
growth opportunities and latest trends across Americas, Europe, Asia Pacific
and Middle East and Africa. Of these, the Americas will have an edge over
others in the market over the assessment period due to the presence of a
healthcare sector that is well-developed. The involvement of the government to
spread awareness regarding neonatal diseases is propelling the market growth in
this region. The US government for instance has programs such as Heritable
Disorders Program and Screening Quality Assurance Programs at HRSA (Health
Resources and Service Administration). Such programs and initiatives undertaken
by the government and also non-government organizations is driving the market
growth here. The neonatal thermoregulation market in Europe will have the
second major share owing to accessibility of funds for research. In the APAC
region, the neonatal thermoregulation market is anticipated to grow at the
fastest pace over the assessment period owing to constantly developing
economies and huge patient population. On the other hand, the neonatal
thermoregulation market in the Middle East and Africa will have minimal share
over the assessment period.
Key Players
Leading players profiled in the neonatal thermoregulation
market include Novos Medical Systems, Fanem Ltd, Atom Medical Corporation,
International Biomedical, Ltd., Fisher & Paykel Healthcare, KGaA,
Drägerwerk AG & Co., Inspiration Healthcare Group plc, Natus Medical
Incorporated, GENERAL ELECTRIC COMPANY, Koninklijke Philips N.V. and
others.
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