The major factors for the growth of the India Fetal and Neonatal Care Equipment market are the high incidence of preterm births, increasing awareness for prenatal and neonatal care, and government initiative to provide better care for prenatal and neonatal infants.
Premature babies are born before the mother reaches the gestation period of 37 weeks. Depending on how premature the baby is, there are certain organs, which can be underdeveloped, such as digestive tract, lungs, immune system and even skin in certain cases, where the demand of incubators of their survival is inevitable. As per the National Health Portal in India, almost three and half million babies are born prematurely in India which accounts for 13% of births in the country. In 2018, according to WHO India tops the Top 10 list of countries in the world with the highest number of preterm births with 3,51, 9100. Apart from that, there are several maternal factors, which raises the importance and demand of the Neonatal Intensive Care Unit (NICU), such as age younger than 16 or older than 40 years, drug addiction, diabetes, STDs and multiple pregnancies among others. All these factors are driving the demand for the prenatal and neonatal device market.
Key Market Trends
Incubators is the Segment by Product Type is Expected to have Fastest Growth Over the Forecast Period
The neonatal incubators are often necessary for infants. The infants need respiratory support, ranging from extra oxygen to continuous positive airway pressure (CPAP) or mechanical ventilation. The temperature regulation of infants is among the major factors to be controlled in the neonatal incubator cases. The companies have varied devices on several parameters, among which temperature regulation is very important, as severe temperature differences lead to neonate heat loss, hypothermia, and apnoea, which are closely related to airflow and air velocity. In the emerging markets, the growing focus is being seen toward low cost alternative neonatal incubators, such as MiraCradle and Embrace Nest in India, which are much cheaper than the incubators original cost, and thus could be more affordable to hospitals and patients in several places across the country. With that, the market is expected to witness a healthy CAGR over the forecast period. Additionally owing to the increasing birth rate in the country is also further propelling the segment growth . According to United Nations, the estimated birthrate in India for the year 2020 is 17. 592.
The market studied is a consolidated market, owing to the presence of various small and large market players. Some of the market players are Atom Medical Corporation, GE Healthcare, Getinge AB, Koninklijke Philips NV, Masimo, Medtronic PLC, Natus Medical Incorporated and Phoenix Medical Systems (P) Ltd.
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1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 High Number of Preterm and Low-weight Births
4.2.2 Rise in Technological Advancement for Infant and Maternal Care Products
4.2.3 Increased Awareness for Prenatal and Neonatal Care
4.3 Market Restraints
4.3.1 Stringent Regulatory Policies for New Device Approvals
4.3.2 High Prices of Advanced Neonatal Care Equipment
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Prenatal & Fetal Equipment
184.108.40.206 Fetal Dopplers
220.127.116.11 Fetal Monitors
18.104.22.168 Fetal Pulse Oximeters
22.214.171.124 Other Prenatal and Fetal Equipment
5.1.2 Neonatal Care Equipment
126.96.36.199 Neonatal Monitoring Devices
188.8.131.52 Phototherapy Equipment
184.108.40.206 Respiratory Assistance and Monitoring Devices
220.127.116.11 Other Neonatal Care Equipment
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Atom Medical Corporation
6.1.2 Becton, Dickinson and Company
6.1.3 Dragerwerk AG & Co. KGaA
6.1.4 GE Healthcare
6.1.5 Koninklijke Philips NV
6.1.7 Medtronic PLC
6.1.8 Getinge AB
6.1.9 Instromedix India
6.1.10 Narang Medical Limited
6.1.11 Neonest Medical Systems Pvt Ltd
6.1.12 Jainco Lab
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
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