Recent Fact.MR report envisages the demand for neonatal monitoring equipment 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.
Increased interest of neonatal monitoring equipment manufacturers in providing technologically-integrated and high-end solutions mirrors the healthcare sector’s inclination toward value-based care. Innovative technology offerings of new neonatal monitoring equipment manufacturers coupled with their attractive pricing has compelled major companies in expanding their product portfolio for meeting the requirement of neonatal intensive care units (NICUs).
Key Segments: Neonatal Monitoring Equipment Market
The report has branched the neonatal monitoring equipment market in terms of product type, modality, end-user, and region.
Based on product type, key segments include,
- Pulse Oximeter
- Capnography Meter
- Cardiorespiratory Monitor
- EEG Monitor
- Blood Pressure Monitor
Based on modality, key segments include,
- Portable Devices
- Transportable Devices
- Standalone Devices
Based on end-user, key segments include,
- Neonatal Clinics
- Nursing Homes
- Diagnostic Centers
- Other End-Users
Neonatal Monitoring Equipment Market: Ventilators Continue to Hold Bulk Value Shares
Ventilators are set to prevail as preferred product among end-users of neonatal monitoring equipment, and will continues to account for bulk value shares of the market. Recent FDA approvals of new, patient-triggered ventilators, and neurally-adjusted ventilator assist (NAVA), for non-invasive and invasive ventilation related to neonates will augur well for sales of ventilators in the forthcoming years. Additionally, availability of several ventilation modes and strategies for assisting ventilation optimization, and preventing ventilation-induced lung injury will fuel ventilator sales.
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