MarketsandMarkets: Global Fetal and Neonatal Care Equipment Market Forecast (2011-2016)By Marketsandmarkets, PRNE
Monday, September 5, 2011
DALLAS, September 6, 2011 -
The “Global Fetal (Labor & Delivery) and Neonatal Care Equipment Market (2011-2016)” analyzes the global fetal and neonatal care equipment market by types and studies the major market drivers, restraints, opportunities, and market trends for the fetal and neonatal care market across 18 countries in North America, Europe, Asia-Pacific, Latin America, and Rest of the World.
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This report studies the global fetal equipment market and neonatal care market divided into global NICU equipment market, global labor and delivery equipment market, and global other labor & delivery equipment & NICU equipment market over the forecast period (2011-2016).
The global NICU equipment market is expected to reach $1.4 billion in 2011; growing at a steady pace of CAGR 6.4%, to reach $1.9 billion in 2016. Thermal control equipment dominates this segment with a share of almost 59%, growing at a CAGR of 6.5% during the forecasted period.
The U.S. represents the biggest market for labor and delivery equipment with a stake of 35%; followed by Japan. The major drivers for this market include increasing awareness, increasing age of maternal population, and technological advances.
The other “labor & delivery” & NICU equipment market primarily consists of three segments - respiratory equipment, monitoring equipment, and IV Equipment. Respiratory equipment dominates this market segment with a share of almost 45%; followed by monitoring equipment and delivery systems.
As the matured neonatal care equipment market in developed nations is driven only by the replacement of older devices and sales of accessories, several big players have started developing ways to differentiate their products by adding value to them by improved services and offering their customers a complete package of products and services. Numerous players are looking forward to improve their customer relationships by strengthening of their direct sales distribution channels. The winning imperatives for this market include development of robust distribution channel, shifting focus on emerging markets, and focus on structural specifications of products.
Big market players such as Philips Respironics, GE Healthcare, and Smiths Medical have a strong and wide distribution network; which they are further strengthening by deploying a direct sales force and increasing technical support staff. Companies are also collaborating with GPOs (group purchasing organizations) or healthcare provider networks of hospitals, clinics, and physicians to directly sell preterm infant care respiratory equipment and disposables at discounts.
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