Newborn Thermal Care Devices Market by Type (Neonatal Incubators, Phototherapy System, Ventilators, Monitors, and Others), Distribution (Hospitals, Birth centers, Clinics, and Others), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2021-2028

The newborn thermal care device market has grown substantially and is expected to grow at a fast pace from 2021 to 2028. Thermal care devices are used to maintain the body temperature of a newborn infant and provide them with a controlled and warm environment to prevent any situations of hypothermia, complication, or infant death. Thermal protection is a series of ten steps traditionally followed by healthcare professionals to maintain proper body temperature of a newborn. Thermal protection is crucial as the baby cannot regulate his body temperature as efficiently as adults. In extreme conditions where traditional ways like body wrapping, rubbing with a warm cloth, and others are not effective enough for the survival of the baby, various newborn thermal care devices are majorly used.

Global Newborn Thermal Care Devices Market Analysis

Global newborn thermal care devices market is growing at a high rate. Today, number of premature births have increased due to increasing pregnancy complications. This has accelerated the global market growth of newborn thermal care devices market. Since, the newborn thermal care devices are costly and healthcare expenditure by the government is very limited, the market is being restrained from growing. 

Increasing demand for newborn thermal care devices to control hypothermia in newborn infants is expected to accelerate the growth of the market.

An increase in the number of deaths in newborn babies due to fluctuating body temperatures has facilitated the demand for neonatal care devices in the market, globally. As per the UNICEF survey, 2.4 million children died in the first month of their life in 2019, which is approximately 6,700 neonatal deaths every day. The main reason of these deaths is hypothermia and a prominent factor in the newborn infant care market growth. Rise in pregnancy complications like pre-eclampsia, infections, and fetal growth restriction is also driving the market as the infants born in such circumstances need extra thermal care. 

Some major advancements are being continuously done in developing the monitoring systems for neonates. Various key companies are developing improved and upgraded versions of products to ensure high safety and accuracy. This will promote market demand and supply and drive global neonatal thermoregulation market. 

In May 2020, Dragerwerk AG & Co. KGaA, a manufacturing company of thermal care devices, launched Babylog VN600 and VN800 ventilators for premature babies. This device provides mandatory ventilation modes to support breathing and also monitoring the baby.

The nursing homes segment in the neonatal infant care market is likely to grow by 2026 because of enhanced healthcare facilities, highly specialized healthcare professionals, and local preference for delivery in the nursing homes. Increasing awareness among people with respect to nursing homes, specialized and personal attendance care they provide, and advanced equipment for treatment will drive the market size.

High cost of newborn thermal care equipments acts as the restraining factor for the newborn thermal care devices market

High purchase and maintenance cost with poor accessibility of neonatal thermal care devices will act as a major hindering factor in the forecast period. Increase in the number of infant patients is driving the market but the limited healthcare expenditure and budget constraints of healthcare bodies is expected to restrain the market from growing exponentially. Moreover, due to high purchase cost of the equipment, in developing countries, the healthcare facilities buy low quality products which does not guarantee the best result. This also acts as a major restrain in the market.  

Advancements in newborn thermal care technologies provides various opportunities for the newborn thermal care market growth

According to the market trend, demand for newborn thermal care devices is on the rise due to increase in preterm birth complications. Advancements in technology in infant care will provide great opportunities for neonatal infant care device companies over the forecast period. 

Modified and automated medical devices will increase demand for infant care devices across the globe. For instance, technological advancements in the closed incubator systems, like introducing double-walled systems is expected to drive sales of newborn thermal care devices, globally.

Increasing healthcare infrastructure, healthcare expenditure budget, and high birth rates in developing countries like China, India, South Africa, and others are expected to provide better opportunities for manufacturing companies and marketers.

Global Newborn Thermal Care Devices Market by Product Type

The incubator segment is likely to gain major shares in the global newborn thermal care devices market

The global newborn thermal care device market is segmented into various types like neonatal incubators, phototherapy system, ventilators, monitors, and others. It is expected that the incubators sub-segment will dominate the market during the forecast period due to various supporting factors such as maintaining a controlled environment for the newborn babies, proper oxygen supply, and accurate temperature for maintaining the newborn body temperature. An increase in the survival rate of the preterm babies will also contribute to increase the market share of incubators. 

The ventilators segment is anticipated to grow substantially over the coming forecast duration due to many developments in neonatal breathing monitors and major improvements in the real time data display of heartbeat rate on the monitor. 

Global Newborn Thermal Care Devices Market Distribution

Hospitals are the largest segment where newborn thermal care devices are used extensively

Increase in the number of infant patients have increased the end users. Places where these newborn thermal care devices are extensively used are hospitals, birth centers, clinics, and others. It is expected that the hospital segment will continue to dominate the market due to the presence of highly skilled healthcare professionals, increasing number of hospitals with Neonatal Intensive Care Units (NICU) and availability of advance neonatal equipments. 

Moreover, increasing number of NICU units in clinics and maternity wards will boost the numbers of clinics and birth centers in the forecast time. 

Global Newborn Thermal Care Devices Market: Regional Analysis

North America and Europe hold the highest demand for these incubators because of the rate of preterm birth rate is more here.

The global newborn thermal care device market is distributed over North America, Latin America, Europe, Middle East & Africa, and Asia-Pacific. It is anticipated that North America will record a high market share during the forecast period till 2023. This is because of a well- developed healthcare system, advance NICU segments in the hospitals, and availability of highly skilled personals. 

Europe is anticipated to be the second leading region after North America in the newborn thermal care devices market due to the increasing number of preterm births. Also, a well-developed health care infrastructure and increased awareness will be major contributing factors for the market growth. 

According to the WHO, China and India are the leading countries in terms of number of premature childbirths. Due to this factor, Asia Pacific market is likely to record a robust market growth within the forecast period. 

Key Participants in Global Newborn Thermal Care Device Market

The key players in the global newborn thermal care devices market are General Electric Company, Medicor Elektronika Zrt., Atom Medical Corporation, Phoenix Medical Systems, Natus Medical Incorporated, AVI Healthcare, Bistos Co., Ltd., Fanem Ltd, Inspiration Healthcare Group plc, Dragerwerk AG, and Cobams plc.