Neonatal Monitoring Equipment Market Assessment & Development Forecast Highlighting Prominent Drivers during 2018-2028

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Rockville, US, 2018-Dec-07 — /EPR Network/ — North America continues to stay at the vanguard of the neonatal monitoring equipment market, with an estimated market value share of over one-third through the period of forecast. Rate of premature birth has been steadily rising in North America over the past couple of years, according to the CDC, which in turn has increased the number of NICU admissions, thereby creating demand for neonatal monitoring equipment.

Speciality of hospice and palliative medicine has gained significant recognition in North America, with attendant increase in training programs at both academic and clinical level. The imperative role of palliative care in improving growth development outcomes in newborn babies has been highly recognized in the region’s NICUs for reducing the infant and neonatal mortality rates.

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Neonatal monitoring has transformed into a multidisciplinary field that involves unique integration of intelligence from technology, design, medical science & social study. Mounting pressures for leveraging new technologies in order to offer cost-effective, more efficient, and safer neonatal care have made the neonatal intensive care units (NICUs) smarter.

Advancements in monitoring technologies and their growing deployments in NICUs is a key factor enabling faster & easier measurement of myriad physiological parameters in neonates. Current neonatal monitors incorporate several features including ECG recordings, oxygen saturation over time, respiratory rate & air flow, and invasive arterial blood pressure.

Value-based healthcare models have led the development of NICU centers that are well equipped with monitoring & diagnostic devices, coupled with rising number of FDA approvals for these devices. Additionally, gradually increasing awareness on excessive sensory stimuli, discomfort, and procedural pain has been driving the demand for non-obtrusive neonatal monitoring technologies. Demand for neonatal brain monitoring equipment featuring video recording devices will also gain high traction in the near future.

Predictive Monitoring Gains Ground in Neonatal Monitoring

Several parameters and data points are gathered and centrally managed during NICU admissions, which comprise physiological parameters, sensor readings, device data, and interventions and observations of caregivers. High data volume generated in NICUs are leveraged for predictive monitoring that involves physiological data analysis for identifying infants at high risk, thereby enabling early detection of ailments.

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Researchers have developed an ECG for continuous analysis of transient decelerations and low heart rate variability for computing heart rate characteristics index (HeRO). This developments aids in early detection of sepsis in newborn babies. Attempts have also been made for using parameters in the detecting apneas of premature infants. Although challenges persist in predictive monitoring and proper training is required for relevant caregivers, this approach has potential for treating life-threatening ailments earlier, thereby improving outcomes in neonatal care.

Pulse Oximetry Perceives High Traction by Providing Safety Net for Neonates in NICUs

Pulse oximetry, a prominent patient monitoring technology, is providing safety for infants and newborns in NICUs, while new advancements in home monitoring enable data transmission of neonates’ vital data to smartphones. The Centers for Disease Control and Prevention (CDC) has slated screening newborns by using pulse oximeters to be beneficial & effective in identifying numerous life-threating conditions. In current-world healthcare facilities, effective patient monitoring technology is highly bound to effective respiratory care.

When it comes to monitoring newborn babies, particularly in NICUs, extra care & safety is essential, which is often delivered through pulse oximetry. The non-invasive nature of pulse oximetry has made it ideal for application in newborns. Several hospitals have been employing pulse oximeters as the standard of care in their NICUs. For example, the NICU at Pennsylvania-based Reading Hospital utilizes Philips Healthcare’s IntelliVue Monitors, and Covidien’s Nellcor pulse oximeters to ensure positive outcomes for newborn babies.

Table of Content:

  1. 1. Executive Summary
    1. Highlighting Action Area – Wheel of Fortune
    1.2. Opportunity Analysis
  2. Global Neonatal Monitoring Equipment Market Overview
    2.1. Introduction
    2.2. Market Definition
    2.3. Market Taxonomy and Segments Captured
  3. Global Neonatal Monitoring Equipment Market Outlook
    3.1. Market Size (US$ Mn) & Volume (Units) and Forecast, 2013-2028
    3.2. Market Y-o-Y Growth
    3.3. Forecast Factors
  4. Global Neonatal Monitoring Equipment Market Dynamics
    4.1. Drivers
    4.2. Restraints
    4.3. Opportunities
    4.4. Trends
  5. Pricing and Supply Chain Analysis
  6. Actionable Insights and Analysis
    6.1. Porter’s Five Forces Analysis
    6.2. Scenario Forecast
    6.3. PEST Analysis
    6.4. Global Neonatal Mortality Rate Since 2000
    6.5. Neonatal Mortality Rates By Region 2016
    6.6. Major Reasons Behind Neonatal Deaths
    6.7. Grades of Neonatal Care
  7. Global Neonatal Monitoring Equipment Market Analysis and Forecast By Type, 2013-2028
    7.1. Analysis and Forecast By Product Type
    7.1.1. Revenue (US$ Mn) & Volume (Units) Comparison, By Region
    7.1.2. Market Share Comparison, By Region
    7.1.3. Y-o-Y growth Comparison, By Region
    7.2. Analysis and Forecast By End User
    7.2.1. Revenue (US$ Mn) & Volume (Units) Comparison, By Region
    7.2.2. Market Share Comparison, By Region

Continued……………..

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