Global Neonatal Thermoregulation Market Size, Share, Forecast Report, 2020-2027

Global Neonatal Thermoregulation Market is expected to grow significantly over the forecast period. It is estimated that the global neonatal thermoregulation market is expected to hold a market value of USD 500 Million and register a CAGR ~5.0 % during the forecast period of 2018–2023. 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. 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 Global 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 Neonatal Thermoregulation 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.
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 global Neonatal Thermoregulation market.

Global Neonatal Thermoregulation Market, by Product Type:

• Warmer
  •   Wall Mount Warmer
  •   Radiant Warmers
• Neonatal Incubators
  •   Intensive Care Incubator
  •   Transport Incubator

•        Neonatal Cooling Systems

Global Neonatal Thermoregulation Market, by Modality:

• Open
• Closed

Global Neonatal Thermoregulation Market, by End-user:

• Hospitals
• Pediatric and Neonatal Intensive Care Units
• Nursing Homes
• Others