-- Demand for all-in-one devices for the neonatal
intensive care unit is on the rise, finds Frost &
Sullivan
LONDON, April 21, 2015 /PRNewswire/ -- The saturated
European market for infant care solutions has received fresh
impetus from the rising incidence of preterm births. This trend is
not only fuelling the demand for neonatal intensive care unit
(NICU) devices but also skilled and trained professionals to
operate these devices.
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New analysis from Frost & Sullivan, Analysis of the
Western European Infant Care Solutions Market, finds that the
market earned revenues of $151.5
million in 2014 and estimates this to reach $177.5 million in 2018.
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Research indicates that birth before 37 weeks is the leading
cause of infant mortality across the globe, accounting for an
estimated 1.1 million deaths per year. The largest rise in
preterm birth rates in Europe per
year since 1990 was registered in Belgium (2.5 percent), Spain (2.2 percent), France (1.6 percent) and the UK (1.5
percent).
"While governments across Western
Europe are reacting to these escalating numbers through
initiatives to deliver better facilities, the cost cuts
rolled out by governments to make solutions affordable have
narrowed manufacturers' margins," said Frost & Sullivan
Healthcare Research Analyst Akanksha Joshi. "Additionally, the
ongoing consolidation of hospitals in Europe due to budgetary constraints has
compelled the merged hospitals to share designated NICUs and
delivery beds."
Various non-profit organizations along with the governments are
attempting to offset the effect of consolidation by funding the
hospitals to increase the number of cots and staff in the NICUs. On
the technology front, vendors are likely to introduce
patient-friendly, innovative devices of high quality that are also
cost-effective. These adaptable technologies will reduce the
time of treatment, thus reducing patients' stay in hospitals and
ultimately, cost of care.
Leading market participants often bundle products and offer
heavy discounts. There is a substantial market for combined
devices, especially for infant incubators with radiant warmers,
phototherapy systems with radiant warmers, and transport incubators
with the capabilities of a mobile NICU.
"Hospitals are demanding technologically improved and
sophisticated devices, which include hybrid warming devices
that can be configured as open or closed incubators, and
double-walled incubators," noted Joshi. "Overall, devices
that are adaptable and flexible will gain traction in the Western
European market for infant care solutions."
Analysis of the Western European Infant Care Solutions
Market is part of the Advanced Medical Technologies
Growth Partnership Service program. Frost & Sullivan's related
studies include: Western European Percutaneous Coronary
Intervention (PCI) Devices Market, Technology Trends in Cardiac
Imaging, Advanced Visualisation Solutions Market in Western Europe, and Global Orthopaedic Implant
Market. All studies included in subscriptions provide detailed
market opportunities and industry trends evaluated following
extensive interviews with market participants.
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Contact
Anna Zanchi
Corporate Communications – Europe
P: +39.02.4851 6133
E: anna.zanchi@frost.com
http://www.frost.com