Australia Neonatal and Prenatal Devices Market Trends | 2031
Australia Neonatal and Prenatal Devices Market Trends | 2031
Segments - Australia Neonatal and Prenatal Devices Market by Product Types (Prenatal & Fetal Equipment, and Neonatal Equipment [Incubators, Neonatal Monitoring Devices, Phototherapy Equipment, Respiratory Assistance and Monitoring Devices, and Others]) - Australia Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :HC-2083
| 4.5 Rating
| 67 Reviews
| 174 Pages
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Report Description
The Australia Neonatal and Prenatal Devices Market size was valued at USD XX Billion in 2022 and is expected to surpass USD XX Billion by 2031, expanding at a CAGR of 4.5% during the forecast period, 2023 – 2031. The growth of the market is attributed to the increasing premature babies and low birth weight babies, rising number of intensive care hospitalizations, and increasing awareness of newborn and fetal care in developing countries.
Newborn birth, also called premature birth, is a disease in which babies are born before the 37th week of pregnancy. Health problems such as shortness of breath, weight gain and need for intensive care are the reasons why they are often held in the neonatal intensive care unit (NICU). Newborn care aims to assess and evaluate the transition of the baby from intrauterine to ectopic life, create a safe and healthy environment for the baby, and carefully monitor the normal and abnormal functions of the newborn and compare the possible treatment options for diseases and conditions. Due to the loss of calories, fat, and glycogen levels, premature babies are more prone to various complications, such as hypothermia.
According to the WHO, about 15 million children are born prematurely each year, of which about 1 million die due to premature complications. Monitoring newborns is one of the most difficult tasks. The introduction of modern neonatal care equipment is still a key factor in managing complications related to neonatal health. Manufacturers are investing heavily to meet the growing demand for neonatal care equipment, especially thermoregulatory equipment. Pregnancy complications and advances in maternal and newborn health and increasing awareness have increased the need for improved newborn care.
Market Trends, Drivers, Restraints, and Opportunities
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Growing incidence of premature birth and rising awareness for prenatal and neonatal devices and treatments is expected to boost the market during the forecast period.
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Rapid growth of the healthcare industry owing to increasing number of pediatric clinics and neonatal intensive critical care unit is major factors fueling the market during the forecast period.
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Increasing investment and per capita expenditure in healthcare with high birth rate, in addition to the favorable government policies is anticipated to drive the market during the forecast period.
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High cost of treatment and entry barriers due to government compliance and regulation is projected to hamper the market growth.
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Lack of awareness and economic constraints in developing countries with decreasing birth rate act as major challenges that can restrict the market growth during the forecast period.
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R&D investment and technological advancement in equipment and development in trade regulation is projected to offer significant opportunities for the market players.
Scope of the Report
The report on the Australia prenatal and neonatal device market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Prenatal and Neonatal Device Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Product Types (Prenatal & Fetal Equipment, and Neonatal Equipment [Incubators, Neonatal Monitoring Devices, Phototherapy Equipment, Respiratory Assistance and Monitoring Devices, and Others]) |
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Geography |
Australia |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Vyaire Medical; Koninkliijke Philips N.V.; Natus Medical Incorporated; Getinge AB; and GE Healthcare |
Market Segment Insights
The incubators segment is projected to hold a major market share
Based on product types, the prenatal and neonatal equipment market is divided into prenatal, fetal, and neonatal equipment. The neonatal segment is further segregated into neonatal monitoring devices, incubators, respiratory assistance, phototherapy equipment, monitoring devices, and others. The incubator segment is expected to hold a key share of the market during the forecast period owing to newborn babies usually needs an incubator for respiratory support, from supplemental oxygen to continuous positive airway pressure (CPAP) or mechanical ventilation.
Infant temperature regulation is one of the main factors that need to be controlled in the neonatal incubator. The company distinguishes equipment based on several parameters. Among them, temperature control is very important, because large temperature fluctuations in newborns can cause heat loss, hypothermia, and apnea, which are closely related to airflow and air speed.
People are paying more and more attention to alternative low-cost newborn incubators, such as Mira cradle and embrace nest in India, which are much cheaper than the initial cost of incubators, so hospitals and patients across the country can afford them. However, with the increase in preterm births associated with increased complications and rising demand for advanced products for the treatment of jaundice, the demand for neonatal care equipment has grown exponentially. Nevertheless, research on the implementation of advanced technology and the improvement of obsolete equipment technology is expected to create lucrative opportunities for neonatal care equipment manufacturers in different geographic regions.
Segments
The Australia prenatal and neonatal device market has been segmented on the basis of
Product Types
- Prenatal Equipment
- Fetal Equipment
- Neonatal Equipment
- Incubators
- Neonatal Monitoring Devices
- Phototherapy Equipment
- Respiratory Assistance
- Monitoring Devices
- Others
Key Players
- Vyaire Medical
- Koninkliijke Philips N.V.
- Natus Medical Incorporated
- Getinge AB
- GE Healthcare
Competitive Landscape
Key players competing in the neonatal and prenatal device market include Vyaire Medical; Koninkliijke Philips N.V.; Natus Medical Incorporated; Getinge AB; and GE Healthcare.
Some of these players are using several market strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Neonatal and Prenatal Devices Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Neonatal and Prenatal Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Neonatal and Prenatal Devices Market - Supply Chain
4.5. Global Neonatal and Prenatal Devices Market Forecast
4.5.1. Neonatal and Prenatal Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Neonatal and Prenatal Devices Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Neonatal and Prenatal Devices Market Absolute $ Opportunity
5. Global Neonatal and Prenatal Devices Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Neonatal and Prenatal Devices Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Neonatal and Prenatal Devices Demand Share Forecast, 2019-2026
6. North America Neonatal and Prenatal Devices Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Neonatal and Prenatal Devices Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Neonatal and Prenatal Devices Demand Share Forecast, 2019-2026
7. Latin America Neonatal and Prenatal Devices Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Neonatal and Prenatal Devices Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Neonatal and Prenatal Devices Demand Share Forecast, 2019-2026
8. Europe Neonatal and Prenatal Devices Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Neonatal and Prenatal Devices Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Neonatal and Prenatal Devices Demand Share Forecast, 2019-2026
9. Asia Pacific Neonatal and Prenatal Devices Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Neonatal and Prenatal Devices Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Neonatal and Prenatal Devices Demand Share Forecast, 2019-2026
10. Middle East & Africa Neonatal and Prenatal Devices Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Neonatal and Prenatal Devices Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Neonatal and Prenatal Devices Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Neonatal and Prenatal Devices Market: Market Share Analysis
11.2. Neonatal and Prenatal Devices Distributors and Customers
11.3. Neonatal and Prenatal Devices Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Vyaire Medical
11.4.2. Koninkliijke Philips N.V.
11.4.3. Natus Medical Incorporated
11.4.4. Getinge AB
11.4.5. GE Healthcare
Methodology
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