Neonatal ICU Monitoring Devices Market Outlook to 2026 Reported in Latest Research
Added: (Thu Jan 03 2019)
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The technology for monitoring infants admitted in the neonatal intensive care unit has hardly changed in the past few years. Neonatal monitoring refers to monitoring of vital physiological parameters of premature infants, as these babies suffer from various diseases caused due to underdeveloped organs. Vital parameters of clinical relevance for neonatal monitoring include body temperature, electrocardiogram, blood oxygen saturation, and respiration. Neonatal monitoring devices are important to ensure the health of babies, as they are more susceptible to minor pathogens and need constant monitoring.
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Increase in number of preterm births leads to several health problems due to underdeveloped organs and inability of NICU services to cope with them. Several journals have indicated that nearly all newborns run the risk of respiratory difficulties, jaundice, metabolic disorders, apnea, and bronchopulmonary dysplasia. These conditions need continuous monitoring to decide on treatment. This increases demand for monitoring devices in the ICU. According to WHO data, an estimated 15 million babies are born preterm across the globe each year. This high incidence of preterm births boosts demand for monitoring devices in neonatal ICUs.
Based on device type, the global neonatal ICU monitoring devices market can be classified into bilirubinometers, pulse oximeters, temperature monitor, electrocardiogram, and others. The bilirubinometers segment is projected to account for significant share of the market in the near future, as jaundice is the most common disease a newborn baby encounters. 50% to 60% of all newborn babies have jaundice in the first week of life. Hence, monitoring bilirubin concentration is important to avoid hepatic metabolic disorder. In terms of end-user, the global neonatal ICU monitoring devices market can be categorized into NICU hospitals, specialty clinics, and nursing homes. The NICU hospitals segment is expected to account for a considerable share of the market during the forecast period. This is because a high number of patients prefer to visit NICU hospitals, as these are well-equipped with the equipment required to combat various health problems in newborn babies.
In terms of region, the global neonatal ICU monitoring devices market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global market in 2017. The region is projected to account for significant share of the global neonatal ICU monitoring devices market during the forecast period due to high incidence of preterm births. According to Centers for Disease Control and Prevention (CDC) data, nearly 1 in every 10 infants born in the U.S. was a preterm baby in 2016. Increase in the rate of hospitalization due to infant respiratory diseases, surge in diagnostic & treatment capabilities, and rise in awareness about the different diseases among infants are anticipated to drive the neonatal ICU monitoring devices market in Asia Pacific. Growth of the medical device industry and increase in the number of hospitals are the factors propelling the neonatal ICU monitoring devices market in Middle East & Africa.
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Major players operating in the global neonatal ICU monitoring devices market include Drägerwerk AG, AVI Healthcare Pvt. Ltd., Cincinnati Sub-Zero Products, LLC, Ningbo David Medical Device Co., Ltd., Xuzhou Kejian Hi-tech Co., Ltd., and Koninklijke Philips N.V.
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