This report studies the global fetal and neonatal care market divided into global NICU equipment market, global labor and delivery equipment market, and global other labor & delivery equipment & NICU equipment market over the forecasted period (2011-2016).
The global NICU equipment market is expected to reach $1.4 billion in 2011; growing at a CAGR of 6.4%, to reach $1.9 billion in 2016. Thermal control equipment dominates this segment with a share of almost 59%, growing at a CAGR of 6.5% during the forecasted period.
The U.S. represents the biggest market for labor and delivery equipment with a stake of 35%; followed by Japan. The major drivers for this market include increasing awareness, increasing age of maternal population, and technological advances.
The other “labor & delivery and NICU equipment market” primarily consists of three segments – respiratory equipment, monitoring equipment, and IV Equipment. Respiratory equipment dominates this market segment with a share of almost 45%; with monitoring equipment and delivery systems in the second position.
The growth of global fetal & neonatal care equipment market is driven mainly by the increasing incidence rate of preterm births, availability of low cost equipment and development of integrated and multifunction equipment. Globally, preterm births account for 75% of the perinatal mortality and are also responsible for 50% of the long term health problems associated with poor perinatal outcomes. Thus, efforts towards increasing the survival rate of preterm babies across the globe are expected to be primary driver for the fetal and neonatal care equipment market. Initiatives taken by the government for providing better care facilities for preterm babies and reduction in rate of preterm births have played a vital role in market growth for fetal and neonatal care equipment. The “UN Millennium Development Goals” aimed towards reduction in infant mortality rate are driving the market for these equipments in the developing nations.
The fetal and neonatal care equipment market offers low scope for product differentiation; restricting the scope for price or technological innovations. Besides, maturity of the market in developed nations and relatively high penetration levels of distribution channels pose high entry barriers and challenges to market growth for neonatal care equipments.
Incorporation of software solutions has spurred the growth of the global fetal and neonatal care market. Software solutions help in making these devices user-friendly with better interpretation and integration capabilities; thereby making them more appealing to the customers. The winning imperatives for this market include having a robust distribution network as this market has already matured in the developed nations and is driven only by the replacement of older devices and sales of accessories. Several players such as Philips Respironics, GE Healthcare, and Smiths Medical have improved their customer relationships by strengthening of their direct sales distribution channels.
The major players in this market include GE Healthcare, Phillips Healthcare, Draeger Medical GMBH, Fisher & Paykel, and Covedien. These companies are implementing various growth strategies in the market to gain competitive edge. New product launches, agreements and collaborations, partnerships, joint ventures, mergers and acquisitions, were some of the major strategies adopted by the players between January 2008 and June 2011.
The agenda for the briefing includes discussion on key high growth markets, marking the growth trend in the Biochip types and applications market. Furthermore, a briefing will be conducted on the competitive scenario and geographic trends and opportunities in the macro- and micro-markets with respect to 19 countries spread across North America, Europe, Asia-Pacific, LATAM, and Rest of the World.
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