Market Trends of India Fetal and Neonatal Care Equipment Industry
This section covers the major market trends shaping the India Neonatal & Prenatal Devices Market according to our research experts:
Incubators Segment is Expected to have Healthy Growth Over the Forecast Period
Neonatal incubators are often necessary for infants. The infants need respiratory support, ranging from extra oxygen to continuous positive airway pressure (CPAP) or mechanical ventilation. The temperature regulation of infants is among the major factors to be controlled in neonatal incubator cases.
The companies have various devices on several parameters, among which temperature regulation is very important, as severe temperature differences lead to neonate heat loss, hypothermia, and apnoea, which are closely related to airflow and air velocity. In the emerging markets, the growing focus is being seen on low-cost alternative neonatal incubators, such as MiraCradle and Embrace Nest in India, which are much cheaper than the incubator's original cost, and thus could be more affordable to hospitals and patients in several places across the country. The segment is expected to witness a healthy CAGR over the forecast period. Additionally, the country's increasing birth rate further propels segment growth.
Moreover, per the study published by PubMed in July 2022, 135 (10.86%) of the 1,243 births at the Mediciti Institute of Medical Sciences were premature births. The increasing number of preterm births is further boosting segment growth.
Thus, the segment is expected to witness a high CAGR over the forecast period due to the factors above, such as the increasing number of preterm births and the increasing availability of incubators.
Respiratory Assistance and Monitoring Devices Segment is Expected to hold a Significant Share Over the Forecast Period
Neonatal respiratory monitoring devices are aimed to support the respiratory system of newborns during critical periods while ensuring any long-term damage to the lungs is limited. The best practice of clinical protocols is recommended for neonatal ventilation which incorporates both lung-protective volume control and CO2 monitoring.
The importance of respiratory assistance and monitoring devices in neonatal care is expected to boost segment growth. For instance, according to an article published by PubMed Central in June 2022, a study was conducted in India which showed that continuous cardiorespiratory monitoring is a vital component of care in preterm neonates, and these devices help in monitoring vital parameters like pulse rate (PR), respiratory rate (RR), and oxygen saturation using pulse oximetry (SPO2) during the hospital stay.
Furthermore, according to the article published by the Indian Journal of Pediatrics in June 2021, respiratory distress is considered a common problem that is seen in neonates, both preterm and full-term neonates. The appropriate use of respiratory assistance devices can be life-saving in these neonates. While invasive ventilation is unavoidable in some situations, noninvasive ventilation may be sufficient in several neonates.
Thus, due to the advantages offered by respiratory assistance and monitoring devices, the studied segment is expected to grow over the forecast period.
