Neonatal Monitoring Equipment Market: Predictive Monitoring Gains Ground in Neonatal Monitoring

Press Release

Neonatal monitoring equipment have gained widespread traction as they are vital in ensuring safe health of newborn babies. High susceptibility of neonates to even minor pathogens has driven the need for continuous care, and neonatal monitoring equipment adhere to this need efficiently. Rising neonatal mortality rates, asphyxia, and complications in premature births are key concerns faced by neonatal intensive care units (NICUs), and these concerns are effectively addressed by neonatal monitoring equipment, which in turn will augur well for their market growth.

Relentless health monitoring for neonates has been offering essential parameters such as heart rhythm disturbances, cessation of breathing and drop in blood oxygen saturation. Neonatal monitoring system is regarded as a potent health care system with the incorporation of health parameter measurement devices. Pivotal signs for neonatal monitoring encompass electrocardiogram, body temperature and respiration. As such, adhesive wired sensors have been used for keeping the physiological signals of neonates in check. Development in wireless communication technologies and sensor technologies has empowered the creation of a new generation of healthcare monitoring systems encompassing wearable electronics and photonics.

Recent Fact.MR report envisages the neonatal monitoring equipment market to record a steady 5.7% CAGR during the forecast period (2018-2028). Over 1,070,000 neonatal monitoring equipment are pegged to be sold worldwide by 2028-end. Prominent players operating in the market such as Medtronic Plc, Natus Medical, Inc., Koninklijke Philips NV, and others, are upgrading their portfolio to make it cost-effective, maintain hospital-to-home point-of-care (PoC) continuum, and incorporate value-added services.

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Infants born before 37 weeks of gestation have drastically spiked over the past few years, posing greater risk of early death vis-à-vis those born later in pregnancy, according to National Center for Health Statistics’ data for CDC. Accordingly, the rise in preterm birth has escalated the number of NICU admissions which has fueled the demand for neonatal monitoring equipment.

North America has gracefully embraced specialty of hospice and palliative medicine as physicians getting trained as surged at both clinical and academic level. Sheer goals of palliative care incorporating improvement in the quality of life for patients and reducing suffering have along with proving support for the patient and family throughout the treatment process have received accolades from all corners.

Amongst end-users of neonatal monitoring equipment, ventilators is expected to sustain as a preferred product as it continues to register lion’s share in the market. FDA’s recent approvals of patient-triggered ventilators and neutrally-adjusted ventilator assist (NAVA) with respect to invasive and non-invasive ventilation will fare well for the sale of ventilators.

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Neonatal Monitoring Equipment Market: Overview

The report offers a robust analysis on the neonatal monitoring equipment market with qualitative and quantitative analysis. The report presents a lucid picture of the dynamics of the market, expanding to drivers, opportunities, trends and restraints. These factors become paramount and have great influence in the growth of the neonatal monitoring equipment market. Further, the report includes the segmentation of the neonatal monitoring equipment market to provide a holistic view.

Predictive Monitoring Gains Ground in Neonatal Monitoring

Several parameters and data points are gathered and centrally managed during NICU admissions, which comprise physiological parameters, sensor readings, device data, and interventions and observations of caregivers. High data volume generated in NICUs are leveraged for predictive monitoring that involves physiological data analysis for identifying infants at high risk, thereby enabling early detection of ailments.

The report on neonatal monitoring equipment market is based on the demand-supply approach. The qualitative factors assessed in the course of estimation incorporate recurrence rate, treatment rates for neonatal monitoring equipment. Further, validation of the information is done through primary sources, incorporating surveys, interviews, in-person interactions, opinion of seasoned analyst along with secondary sources encompassing trade journals, verified paid sources and resourceful databases.

The last section delves into the competitive landscape of the neonatal monitoring equipment market with a competition dashboard, developments, benchmarking and deep dive. The section elucidates overview, product portfolio, sales footprint and strategy of leading players in the market.

Neonatal Monitoring Equipment Market: Competitive Landscape

The last section delves into the competitive landscape of the neonatal monitoring equipment market with a competition dashboard, developments, benchmarking and deep dive. The section elucidates overview, product portfolio, sales footprint and strategy of leading players in the market.

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