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The neonatal thermoregulation market faces some trends which would change the world os infant care plus medical equipment patterns. However, with the research and development of medicine progressing over time, neonatal thermoregulation was considered one of the most critical aspects in critical care, as premature babies are very sensitive to temperature changes. The market now registers growing need for inventive methods designed to guarantee the needed level of temperature for critically ill neonates, which thus highlights the pivotal role of keeping such precise temperature interval for them.
A key driver in the Neonatal Thermoregulation Market is the introduction of innovate temperature management technologies. Technically, incubators, along with radiant warmers, have served as the most effective and easy way of preserving the thermal balance of newborn babies. While there is a current evolution toward higher-end warming systems which afford users with precise control and monitoring options, In the meantime, servo-controlled systems with loop-back feedback functions are increasingly used, thus, providing flexible ways to respond to the needs of the infant with regard to the thermal environment. They enable contributing to the reduction of the temperature variations keeping the expected safety of hypothermia mortality and morbidity.
Additionally, connecting and the intelligence of devices in neonatal thermoregulation equipment is another key component of trend in which the industry is focusing on. In the era of IoT, production industries of medical facilities incorporate features such as sensors and data transmission systems in their equipment. Here, it means healthcare officials can track and change temperature remotely and so a timely response can be made in the event of a need. For instance, the synchronization of electronic health records (EHRs) with the neonatal warming devices adds the advantage of data interchange between the different health institutions, contributing to the complexity conceivable as well as coordinated nurse and doctor with the care.
The Centrality of Neonatal Thermoregulation Market is distributing a thread of research and development that constantly gives rise to new materials and designs. In neonatal blankets, innovative ideas for fabric technology attempt to develop materials that are not only radiculous in heat retention but also breathable, thus relieving overheating. Likewise, the growth of on-body thermoregulation devices is infusing the market with a non-invasive continuous solution neonates monitoring too. These wearable gadgets are designed to make babies be more comfortable and flexible while at the same time reminds healthcare providers about the status of infants in terms of temperature.
Neonatal Thermoregulation Market Highlights:
Global Neonatal Thermoregulation Market Overview
The Neonatal Thermoregulation Market Size was valued at USD 16.70 Billion in 2023. The Global Neonatal Thermoregulation industry is projected to grow from USD 19.60 Billion in 2024 to USD 24.30 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 11.23% during the forecast period (2024 - 2032). Neonatal thermoregulation market is expected to grow significantly over the forecast period. Thermoregulation is the ability to create equilibrium between heat production and heat loss in order to maintain body temperature within a certain normal range. The provision of a thermoneutral environment is an essential component of the immediate and long-term care of newborn infants. With the surge in the birth rates of newborns, the equipment used for blood sampling and monitoring the baby is steadily increasing.
For example, the Motherhood Hospitals chain launched virtual Neonatal Intensive Care Units (NICUs) in five locations across India in April 2023. Medical facilities continuously have to expand their service portfolio by incorporating new treatments so as to consolidate their market position.
In May 2023, Sibel Health received U.S.-FDA Clearance for its Anne One Newborn and Infant Monitoring Platform. It is a clinically graded wireless continuous monitoring solution designed uniquely for adults, infants and neonates.
Royal Philips unveiled its Philips Spectral Angio CT suite detector angio CT system with spectral CT imaging capabilities into a hybrid angio CT suite in September 2022. This will enable doctors to easily switch between two of the major imaging modalities in a single room for better treatment outcomes through minimally invasive procedures, thus facilitating innovation in this space, such as oncology, stroke or trauma care.
In July 2022, Royal Philips announced their AI-based systems and solutions while at the European Congress of Radiology. Through its portfolio of smart connected imaging systems and integrated radiology workflow solutions, Philips demonstrates how it can improve diagnostic confidence and clinical outcomes, reduce staff stress and burnout, increase patient engagement and access to quality care, and increase efficiency to reduce waste.
In April 2022 saw GE Healthcare unveiling the Giraffe Incubator Carestation. The Giraffe Carestation is an advanced neonatal facility that promotes natural healing while peace prevails. It allows parents’ presence at every stage thereby further cementing their relationship with the baby.
In April 2022, Natus Medical Incorporated stated that it had entered into a definitive agreement under which it would be acquired by one of its subsidiaries; ArchiMed’s valuation was $1.2 billion at the latest count.
In November 2019, Natus Medical Incorporated disclosed the acquisition of Babybe GmbH, including its patented remote mother-to-baby communication technology. This technology will augment Natus’s already established Newborn Care portfolio of products.
Neonatal Thermoregulation Market Trends
According to a data published by the Centers for Disease Control and Prevention in January 2017, there were 3,945,875 births in the US in 2017. This means birth rate in US in 2017 was 12.2 per 1000 population. Moreover, rising prevalence of diseases in neonates fuels the growth of the market.
The major players are involved in new product launches and strategic collaborations. For instance, in November 2016, Drägerwerk AG & Co. KGaA introduced IncuWarmer Babyleo TN500 which offers optimal thermoregulation in open care, closed care and transition to the premature baby.
However, stringent government regulation for product approval and possible side-effects for the neonates may hamper the market growth during the assessment period.
Segmentation:
The Neonatal thermoregulation market has been segmented into product type, modality, end-user, and region.The market, on the basis of product type, has been segmented into warmer, neonatal incubators, and neonatal cooling systems.The market, based on warmer, has been further segmented into radiant warmers and wall mount warmer.The market, by neonatal incubators, has been sub-segmented into intensive care incubator and transport incubator.The market, by modality, has been segmented into open and closed.
The market, by end-user, has been segmented into hospitals, pediatric and neonatal intensive care units, nursing homes, and others. The market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Neonatal Thermoregulation Market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada. The European Market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.
The Neonatal Thermoregulation Market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The market in the Middle East & Africa has been segmented into the Middle East and Africa.
Key players:
GENERAL ELECTRIC COMPANY, Natus Medical Incorporated, Inspiration Healthcare Group plc., Koninklijke Philips N.V., Drägerwerk AG & Co. KGaA, Fisher & Paykel Healthcare, International Biomedical, Ltd., Atom Medical Corporation, Fanem Ltd, and Novos Medical Systems are some of the key players in the neonatal thermoregulation market.
Regional Market Summary
Geographically, the Americas is anticipated to dominate the Neonatal thermoregulation market owing to a well-developed healthcare sector. The involvement of government in creating awareness about the neonatal diseases also fuels the growth of the market. For instance, US government has programs like Screening Quality Assurance Programs and Heritable Disorders Program at Health Resources and Service Administration (HRSA). Thus, such initiatives and programs by the government as well as non-government organizations support the market growth.
Europe is expected to hold the second largest position in the Neonatal thermoregulation market. The market growth in this region is attributed to the availability of funds for research.
Asia-Pacific is anticipated to be the fastest growing region in the market due to the presence of a huge patient population, and continuously developing economies, According to a report published by the International Journal of Social and Developmental Concerns in October 2017, in Malaysia, growth of the public primary as well as secondary care facilities has decreased in the past few years and it has not kept pace with the rapid urbanization. Thus, such factors restraint the growth of the market in this region. On the other hand, the Middle East & Africa has the least share of the market.
Market of Neonatal thermoregulation, by Product Type:
- Warmer
- Wall Mount Warmer
- Radiant Warmers
- Neonatal Incubators
- Intensive Care Incubator
- Transport Incubator
- Neonatal Cooling Systems
Market of Neonatal thermoregulation, by Modality:
- Open
- Closed
Market of Neonatal thermoregulation, by End-user:
- Hospitals
- Pediatric and Neonatal Intensive Care Units
- Nursing Homes
- Others
Neonatal thermoregulation market, by Region:
- Americas
- North America
- US
- Canada
- South America
- Europe
- Western Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Western Europe
- Eastern Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- The Middle East & Africa
- Middle East
- Africa
Market of Neonatal thermoregulation, by Key Players:
- GENERAL ELECTRIC COMPANY
- Natus Medical Incorporated
- Inspiration Healthcare Group plc.
- Koninklijke Philips N.V.
- Drägerwerk AG & Co. KGaA
- Fisher & Paykel Healthcare
- International Biomedical, Ltd.
- Atom Medical Corporation
- Fanem Ltda
- Novos Medical Systems
Intended Audience:
- Biopharmaceutical Companies
- Pediatric and Neonatal Intensive Care Units
- Nursing Homes
- Diagnostic Laboratories
- Government Research Institute
- Academic Institutes and Universities
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