Market Challenges And Opportunities

Neonatal Thermoregulation Devices Market Drivers

The major factor driving growth of the neonatal thermoregulation devices market is increase in incidence of preterm birth, which result in low body temperature, especially immediately after birth in the delivery room, due to a lack of stored body fat. For instance, in 2017, according the data provided by National Center for Health Statistics (NCHS), preterm birth rate in the US was 9.93%. Premature birth and complications associated with it are major contributors to infant death in this country. Moreover, technological advancement in medical devices has also been a major driver for the neonatal thermoregulation devices market growth. Furthermore, growth in number of Neonatal Intensive Care Unit (NICU) admissions and Special Care Nursery (SCN) has further accelerated the demand for neonatal incubators to initiate the proper treatment for newborn and premature babies at the earliest. For instance, in 2014, according to the report by Australian Institute of Health and Welfare’s Australia’s Mothers and Babies, around 72% of pre-term babies are more likely to be admitted to an SCN or NICU than term (10%) and post term babies (13%).

Neonatal Thermoregulation Devices Market Restraints

However, potential hazards occurring in neonates due to use of the warmers is expected to restrain growth of the market. For instance, in 2013, American Academy of Pediatrics (AAP) stated that most serious complication while using radiant warmers is extreme hyperthermia, which may occur from improper use or from dislodgement of the sensor probe, which result in death or permanent neurological damage in infants.