Malaysia Prenatal and Neonatal Care Devices Market to be dominated by Neonatal Care Segment through 2028
Increasing prevalence of preterm hypothermia and hospital-acquired
infections is expected to drive the Malaysia prenatal and neonatal care devices
market in the forecast period, 2024-2028.
According to TechSci Research report, “Malaysia Prenatal and Neonatal Care Devices Market – By
Region, Forecast and Opportunities, 2018-2028”, the Malaysia prenatal and
neonatal care devices market is anticipated to grow at a significant rate in
the forecast period. In recent years, Malaysia has witnessed a significant
surge in technological advancements in the healthcare sector, particularly in
prenatal and neonatal care. Prenatal and neonatal care devices play a vital
role in ensuring the health and well-being of both mothers and newborns, and
these advancements are revolutionizing the way healthcare professionals monitor
and provide care during this critical phase. The Malaysian market for prenatal
and neonatal care devices is experiencing remarkable growth, driven by the
increasing adoption of advanced technologies. Technological advancements have
led to the development of more sophisticated and accurate monitoring devices
for prenatal and neonatal care. These devices provide real-time data and enable
healthcare professionals to closely monitor the health parameters of both
expectant mothers and newborns. For instance, fetal monitors equipped with
advanced sensors and wireless capabilities allow remote monitoring of the
fetus's heart rate, oxygen levels, and other vital signs. This real-time
monitoring aids in the early detection of complications and enables prompt
intervention, improving the overall outcomes for mothers and infants, is likely
to fuel the market over the forecast period. Also, the increasing birth rate in
Malaysia has led to a surge in demand for prenatal and neonatal care devices,
hence augmenting the growth of Malaysia prenatal and neonatal care devices
market.
However, despite the government's efforts to
increase healthcare expenditure, affordability, and accessibility of remain
challenges in Malaysia. However, challenges such as stringent regulatory
requirements, market competition, and the high cost of some advanced devices
can hinder the growth of the Malaysia prenatal and neonatal care devices market
in the forecast period.
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The Malaysia prenatal and neonatal care devices
market is segmented into device type, application, end user, region, and
company.
Based on device
type, the market is divided into prenatal care and neonatal care. The segment neonatal
care is expected to witness a rise over the forecast period. It is attributed
to the rising case of premature birth due to lifestyle changes among women as
most of the women prefer to continue their work during the pregnancy period. Hospitals
have units that care for infants who are delivered early (prior to 37 weeks gestation),
with a condition that requires medical attention, or with a low birthweight.
Based on application, the market is divided into jaundice,
pneumonia, respiratory disorders, ENT, and others. The respiratory disorders
segment is anticipated to grow at a faster rate during the forecast period. This
is attributed to the rising births rates with underdeveloped lungs. A baby is
more likely to have respiratory disorders and require additional oxygen and
assistance breathing the earlier in life they are born. Respiratory disorders are
brought on by the infant's lungs not producing enough surfactant. At around
week 26 of pregnancy, the lungs begin to produce a liquid called surfactant.
The lungs produce more surfactant as the fetus develops.
Based on end user, the market is divided into hospitals,
pediatric & neonatal clinics, and others. The hospital segment is expected
to grow at a faster rate during the forecast period. This is due to the
availability of top-quality services and skilled professionals.
Major companies operating in Malaysia prenatal and
neonatal care devices market are:
- Philips Malaysia Sdn
Bhd
- GE Healthcare Sdn
Bhd
- Medtronic Malaysia
Sdn Bhd
- Masimo Medical
Technologies (Malaysia) Sdn Bhd
- Becton Dickinson
Sdn. Bhd
- Siemens Healthineers
AG
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Malaysia is expected to witness a significant
growth in the upcoming years, due to the presence of good infrastructure and support
from the government. Addressing the increasing prevalence of premature birth
rates in Malaysia requires a multi-faceted approach that involves government,
healthcare providers, communities, and individuals. Prevention and early
intervention are key strategies to mitigate the burden of preterm hypothermia,
which is in turn, strengthening the growth of the market, which is expected to
grow through 2028” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“Malaysia Prenatal and Neonatal Care Devices
Market, By Device Type (Prenatal Care, Neonatal Care), By Application
(Jaundice, Pneumonia, Respiratory Disorders, ENT, and Others), By End User
(Hospitals, Pediatric & Neonatal Clinics, and Others), By Region, Competition,
Forecast and Opportunities, 2028” has evaluated the future growth potential of malaysia
prenatal and neonatal care devices market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Malaysia prenatal and neonatal care devices market.
Contact
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