London, 24 June 2015: Technavio, the independent tech-focused global research firm, has published a report on the global neonatal warming equipment market 2015-2019, which is expected to grow at a CAGR of 8.77% during the forecast period of 2014-2019.
Increasing instances of premature births have led to a high demand for neonatal care equipment. Premature birth is the major cause of neonatal death worldwide, accounting for about 1 million deaths per year. This factor, coupled with growing public awareness, availability of cost-effective equipment, and increased demand for advanced equipment are likely to boost market growth in the future. Also, increasing usage of LED lights in neonatal intensive care units (NICU) facilitate growth in this market.
“Phototherapy is the most common treatment for hyperbilirubinemia in neonates. The technology of phototherapy devices has shifted from fluorescent lamps to LEDs over the past decade, improving the amount of light emitted but on a smaller surface,” says Faisal Ghaus, Vice President of Technavio.
“LED phototherapy systems have become increasingly popular for their intensive irradiance and low maintenance requirements.”
Key Market Drivers:
- Increased Preterm Births.
- Innovations in Design.
- Growing Public Awareness in Emerging Countries.
- High Demand for Portable Equipment.
Key Market Trends:
- Increased Use of LED Phototherapy.
- Advances in Technology.
- Rise in Use of Cost-effective Equipment.
Key Market Vendors:
- Drägerwerk AG & Co. KGaA
- Fisher & Paykel Healthcare Ltd.
- GE Healthcare
- Philips Healthcare
- Phoenix Medical Systems Pvt. Ltd.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
