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US Neonatal (Preterm) Infant Care Market (2010-2015)

 

By: marketsandmarkets.com
Publishing Date: June 2010
Report Code: Ph1201

 




‘Preterm’ birth, as the name suggests, means delivery before 37 weeks of gestation or 259 days. Preterm births form a serious pediatric health problem in the U.S., forming one of the leading causes of infant mortality in the country. Preterm births account for nearly 13% of all the births and 17% of all the infant deaths occurring in the nation and this phenomenon costs the country more than $25 billion annually. The condition is on an alarming rise due to factors such as labor treatments, induced fertility, poor prenatal care, inappropriate maternal age, obesity, and smoking. Preterm infant care products (equipment, drugs, and formulae) can thus be life-critical as they provide the respiratory, nutritional, and thermal support necessary for the survival of pre-term babies.

The U.S. Neonatal (Preterm) Infant Care Market is studied by Equipment/Products, Services, Drugs and Formula The U.S. preterm infant care market is expected to decline from $17.41 billion in 2010 to $14.85 billion in 2015, declining at an negative CAGR of -3.13% from 2010 to 2015. The services segment accounted for the largest share of the overall preterm infant care market at $15 billion in 2010. New product launches and technology upgradation are the two main strategies adopted by the players to stay competitive in this market.

The U.S. market for preterm care devices is mature and fragmented, with numerous players offering both basic and sophisticated equipments at affordable rates. However local manufacturers offer similar products at around $3,000 - $9,000. The availability of low-cost, locally manufactured devices is driving market growth, as these generate enormous revenues by widening consumer base to tier II and tier III healthcare providers.

However, the decreasing incidence of preterm births is the major factor inhibiting the growth of the U.S. market for preterm infant care products and services. Also, the U.S. government initiatives to lower preterm birth incidence rate are expected to significantly reduce the number of preterm births in the country. For instance, the government campaign “Healthy People 2010” aimed to reduce the country’s preterm birth rate from 12.7% in 2007 to 7.6% in 2010. According to the National Center for Health, 1 in 8 U.S. births are preterm and preterm birth rates in the U.S. have declined from 12.8% in 2006 to 12.3% in 2008.

Maturity of the market and the relatively high penetration levels of distribution channels pose high entry barriers and challenges to market growth. Therefore, companies such as Philips Respironics, Masimo Corporation, and Covidien are strengthening their regular distribution channels by deploying direct sales force and increasing technical support staff to stay competitive in this market.

Scope of the report

This research report categorizes the U.S. neonatal (preterm) infant care market (2010 – 2015) on the basis of preterm infant care services market, preterm infant care products market, preterm infant formula market, and preterm infant care drugs; forecasting revenues and analyzing trends in each of the following submarkets:

Preterm infant care equipment:

Diagnosis, Therapy and Monitoring

Preterm infant formula:

For use in hospitals, after discharge, iron fortified cow’s milk formulae, hydrolyzed whey based formulae, casein hydrolysate formulae, amino acid formulae

Preterm infant care drugs:

Antibiotics, Bronchodilators, Analgesics, Diuretics, Vassopressors, Hematologic Agents

Preterm infant care services market:

Diagnosis, Therapy and Monitoring

In addition to market data on the submarkets of the U.S. preterm infant care market, each section of the report will identify and analyze the market trends, opportunities, and the factors driving or inhibiting market growth. The report will also draw a competitive landscape, wherein it will profile the top 35 market players.

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