The neonatal and prenatal devices market share in India is expected to increase by USD 4.00 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.21%.
This neonatal and prenatal devices market in India research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers neonatal and prenatal devices market in India segmentation by product (prenatal devices and neonatal devices) and end-user (hospitals, diagnostic centers, and clinics, and others). The neonatal and prenatal devices market in India report also offers information on several market vendors, including Becton Dickinson and Co., Cardinal Health Inc., Dragerwerk AG and Co. KGaA, Fisher and Paykel Healthcare Corp. Ltd., General Electric Co., Getinge AB, Koninklijke Philips NV, Masimo Corp., Medtronic Plc, and Vyaire Medical Inc. among others.
What will the Neonatal and Prenatal Devices Market Size in India be During the Forecast Period?
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Neonatal and Prenatal Devices Market in India: Key Drivers, Trends, and Challenges
The rising incidence of preterm births is notably driving the neonatal and prenatal devices market growth in India, although factors such as affordability issues related may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the neonatal and prenatal devices industry in India. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Neonatal and Prenatal Devices Market Driver in India
The rising incidence of preterm births is one of the key drivers supporting the neonatal and prenatal devices market growth in India. Premature babies are often associated with high neonatal mortality, short- or long-term morbidity, and disabilities like cerebral palsy, sensory impairments, and others. Moreover, India has a vast number of premature babies. For instance, the National Neonatology Forum (NNF) has mentioned that 13% of births in India are premature births. However, preterm birth complications are the leading cause of death among children under five years of age. Due to the rising number of preterm births in India, Neonatal Intensive Care Units (NICUs) are provided to improve neonatal care with high-end equipment such as neonatal devices that enable doctors to continuously monitor the health status of babies. Considering all these factors, the growing incidence of preterm births will drive the growth of the market during the forecast period.
Key Neonatal and Prenatal Devices Market Trend in India
Growing awareness of fetal screening and monitoring procedures is another factor supporting the neonatal and prenatal devices market growth in India. For a better outcome of pregnancy, women need to be cautious about some genetic defects, and those can be due to either single-gene mutations or chromosomal abnormalities. Thus, screening and monitoring procedures are used to minimize the need for invasive testing and increase the chances of detecting chromosomal or genetic abnormalities in the fetus, which drives the demand for prenatal devices. Significantly, governments and private in India are introducing initiatives that emphasize the advantages of fetal screening and monitoring. However, NIPT for sex determination causes legal actions in hospitals and diagnostics centers. Moreover, the rising awareness of fetal screening and monitoring procedures is expected to propel the growth of the market during the forecast period.
Key Neonatal and Prenatal Devices Market Challenge in India
Affordability issues is one of the factors hindering the neonatal and prenatal devices market growth in India. the use of expensive neonatal and prenatal devices in healthcare centers contributes to the high cost of pregnancy and delivery care. The cost of NICU care per patient per day is $125 (Rs 5,450) in India. The average total cost of care for a baby less than 1,000 grams was $3800, $2000 for babies 1,000 g to 1,250 g, and $950 for those between 1,250 to 1,500 g in 2021. The middle-class family finds it difficult to bear this cost. Thus, the high initial cost of neonatal devices, as well as the steep maintenance costs, makes it inaccessible and unaffordable in hospitals and primary healthcare centers, especially in low-income Asian countries such as India. Considering all these factors, the affordability issues of neonatal devices are expected to have an adverse impact on the market during the forecast period.
This neonatal and prenatal devices market in India analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Parent Market Analysis
Technavio categorizes the neonatal and prenatal devices market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the neonatal and prenatal devices market in India during the forecast period.
Who are the Major Neonatal and Prenatal Devices Market Vendors in India?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Becton Dickinson and Co.
- Cardinal Health Inc.
- Dragerwerk AG and Co. KGaA
- Fisher and Paykel Healthcare Corp. Ltd.
- General Electric Co.
- Getinge AB
- Koninklijke Philips NV
- Masimo Corp.
- Medtronic Plc
- Vyaire Medical Inc.
This statistical study of the neonatal and prenatal devices market in India encompasses successful business strategies deployed by the key vendors. The neonatal and prenatal devices market in India is fragmented and the vendors are deploying growth strategies such as offering innovations and high-quality products to compete in the market.
Product Insights and News
- Masimo Corp. is a public company that is headquartered in the US. It is a global company that generated a revenue of $1143.74 million and had around 5300 employees. Its revenue from the neonatal and prenatal devices market in India contributes to its overall revenues, along with its other offerings, but is not a key revenue stream for the company.
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Masimo Corp. - The company is involved in offering a wide range of new born care solutions such as Radical-7, Rad-97with Noninvasive blood pressure among others which provide simple gestures to move, expand and collapse parameter trends for deeper analysis of new born babies patients.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The neonatal and prenatal devices market in India forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Neonatal and Prenatal Devices Market in India Value Chain Analysis
Our report provides extensive information on the value chain analysis for the neonatal and prenatal devices market in India, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the healthcare equipment market includes the following core components:
- Research and development
- Inputs
- Operations
- Distribution
- Marketing and sales
- Post-sales and services
- Industry innovations
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
What are the Revenue-generating Product Segments in the Neonatal and Prenatal Devices Market in India?
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The neonatal and prenatal devices market share growth in India by the prenatal devices segment will be significant during the forecast period. For instance, in July 2021, Caremother-BabyBeat, a wireless, portable, smartphone-based clinical-grade smart device, received an honorary mention at ZS's inaugural healthcare innovation program, ZS PRIZE. The solution is designed as a fetal monitoring device for pregnant women, which provides AI-powered auto-interpretation features to assist doctors and frontline workers in making an accurate diagnosis and real-time remote monitoring for an expert review. Thus, the adoption of these devices in the country will propel market growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the neonatal and prenatal devices market size in India and actionable market insights on post COVID-19 impact on each segment.
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Neonatal and Prenatal Devices Market Scope in India |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.21% |
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Market growth 2022-2026 |
$ 4.00 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
4.01 |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Becton Dickinson and Co., Cardinal Health Inc., Dragerwerk AG and Co. KGaA, Fisher and Paykel Healthcare Corp. Ltd., General Electric Co., Getinge AB, Koninklijke Philips NV, Masimo Corp., Medtronic Plc, and Vyaire Medical Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Neonatal and Prenatal Devices Market in India Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive neonatal and prenatal devices market growth in India during the next five years
- Precise estimation of the neonatal and prenatal devices market size in India and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the neonatal and prenatal devices industry in India
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of neonatal and prenatal devices market vendors in India
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