2014-02-12 15:29:01 - Global Fetal and Neonatal Equipment Market 2012-2016 - a new market research report on companiesandmarkets.com
The Global Neonatal Care Equipment market is to grow at a CAGR of 6.85 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand for portable equipment. The Global Fetal and Neonatal Care Equipment market has also been witnessing an increase in the number of product launches. However, small and medium-sized vendors face high entry barriers and this could pose a challenge to the growth of this market.
The Global Fetal and Neonatal Care Equipment market is experiencing a significant increase in the number of product launches. For instance, in 2010, Vygon Corp. launched its new range of neonatal peripherally inserted central catheter lines in the market in India. This range has
been designed to reduce trauma, morbidity, and consequent infant mortality. In 2011, Fanem Ltd. launched the Koala Crib and the Bilitron Sky. In 2011, Precision Dynamics Corp. launched a new extension to its DuraPrint Laser Printable Patient ID System called DuraPrint TenderCare. DuraPrint TenderCare is used in the Fetal, Neonatal, and Pediatric Care segments.
In recent years, there has been a significant growth in the demand for portable fetal and neonatal care equipment in developing countries. These devices offer excellent performance and are portable, which eliminates the need to invest in a separate neonatal care system for each location. Moreover, there is an increased demand for home care treatment in developed countries for the maternal population post-surgery. Hence, in developed countries, mobile medical units with portable fetal and neonatal care systems are becoming increasingly accessible to provide prenatal checkups to home care patients, which are boosting the sales of portable fetal and neonatal care equipment.
One of the major challenges confronting the market is the gradual maturation of the market in the US. The mature market in the US is driven mainly by the replacement of old devices and sales of accessories.
The key vendors dominating this space include CareFusion Corp., Draegerwerk AG & Co. KGaA, GE Healthcare Ltd., Philips Healthcare, Roche Holding AG, and Smiths Medical. The other vendors mentioned in the report are Analogic Corp., Covidien plc, Fisher and Paykel Healthcare Corp. Ltd., Getinge AB, Ivy Biomedical Systems Inc., Masimo Corp., Natus Medical Inc., Nonin Medical Inc., Opto Circuits (India) Ltd., OSI Systems Inc., Spacelabs Healthcare Inc., Utah Medical Products Inc., and Welch Allyn Inc.
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