The Australia neonatal and prenatal devices market size is expected to expand at a significant CAGR during the forecast period, 2021–2028. 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.
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.
Attributes |
Details |
Report Title |
Prenatal and Neonatal Device Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Product Types (Prenatal & Fetal Equipment, and Neonatal Equipment [Incubators, Neonatal Monitoring Devices, Phototherapy Equipment, Respiratory Assistance and Monitoring Devices, and Others]) |
Geography |
Australia |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Vyaire Medical; Koninkliijke Philips N.V.; Natus Medical Incorporated; Getinge AB; and GE Healthcare |
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 Covered in the Report
The Australia prenatal and neonatal device market has been segmented on the basis of
Product Types
Key Players
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.
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