Market Synopsis:
The global fetal and neonatal care equipment market, as per Market Research Future (MRFR)’s analysis, was valued at USD 5,103 Mn in 2017 and is expected to expand at a CAGR of 6.8% over the review period 2018 to 2023. Factors such as increasing fetal mortality rate have raised concerns, which are motivating governments to support the growth of the government. Increasing support provided by the governments in conjunction with rising aids & funds is expected to boost the growth trajectory of the market in the years to come.
The advancements in healthcare technology is directed towards making better facilities available for babies and their mothers. This, in turn, has been anticipated to have a favorable impact on the expansion of the fetal and neonatal care equipment market over the next couple of years. In addition, increasing setups of neonatal care units globally is projected to catapult the market on an upward trajectory.
Low-income nations signify immense opportunities for growth. Various government and non-government organizations are endeavoring towards making standard maternal care facilities available in these regions which are projected to augment the fetal and neonatal care equipment market.
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Segmentation:
MRFR in their detailed analysis of the global fetal and neonatal care equipment market segmented it by type, product, and end-user for a holistic view of the entire market.
Based on the type, the fetal and neonatal care equipment market can be segmented into fetal pulse oximeters, fetal monitors, fetal MRI systems, fetal ultrasound devices, and fetal doppler devices. Fetal monitors segment is further segmented into antepartum fetal monitors and intrapartum fetal monitors.
Based on the product, the fetal and neonatal care equipment market can be segmented into infant warmers, neonatal incubators, neonatal phototherapy equipment, respiratory care devices, convertible warmers & incubators, neonatal monitoring devices, and neonatal diagnostic imaging devices. Among these, the infant warmers segment includes electric warmers and non-electric warmers. The neonatal phototherapy equipment segment comprises conventional phototherapy and fiber-optic phototherapy. The respiratory care devices segment consists neonatal ventilators, continuous positive airway pressure devices, resuscitators, and others. The neonatal monitoring devices segment can be segmented into cardiac monitors, blood pressure monitors, extracorporeal membrane oxygenation systems, pulse oximeters, capnographs, and integrated monitoring devices. The neonatal diagnostic imaging devices segment can be segmented into ultrasound systems, X-ray imaging systems, and others.
By end-user, the fetal and neonatal care equipment market can be segmented into hospitals & clinics, fertility centers, and others. Among these, the hospitals & clinics segment is expecting substantial growth during the forecast period owing to the structural superiority.
Segmental Analysis
The fetal & neonatal care equipment market has been segmented on the basis of product, type, and end user.
By mode of type, the global fetal and neonatal care equipment market has been segmented into fetal pulse oximeters, fetal monitors, fetal MRI systems, fetal ultrasound devices, and fetal doppler devices. Among these, the fetal doppler devices are estimated to occupy a significant share owing to the rising demand for digital dopplers over conventional dopplers. Also, the increased launch of home-use products is fueling the segment’s growth.
By mode of product, the global fetal and neonatal care equipment market has been segmented into neonatal phototherapy equipment, infant warmers, convertible warmers & incubators, neonatal incubators, neonatal monitoring devices, respiratory care devices, and neonatal diagnostic imaging devices. Among these, the respiratory care devices are likely to occupy a significant share owing to the high prevalence of respiratory distress among the newborns.
By mode of end-user, the global fetal and neonatal care equipment market has been segmented into fertility centers, hospitals & clinics, and others.
Regional Insights
The fetal and neonatal care equipment market span across regions namely, Europe, America, Asia-Pacific, and the Middle East & Africa.
Considering the global scenario, the American region is considered to dominate the fetal and neonatal care equipment market. The growth is credited to the rising R&D budgets by the commercial as well as government biotechnological and pharmaceutical companies. Moreover, with the surging adoption of advanced technologies, the market in this region is likely to boost.
Europe is predicted to occupy the second position due to the availability of funding for research in the European nations along with the presence of strong academic and research base.
The Asia Pacific region is estimated to expand at the fastest rate due to the increased neonatal population, improved healthcare infrastructure, and rising mortality rate of neonates. For instance, as per data published by UNICEF, the neonatal mortality rate was 24% in 2017 in India.
Industry Updates
February 26, 2019: A team of scientists at the Queen’s University, University of Southern California, and Duke University have recently developed the latest tool which can screen children for alcohol spectrum disorder at an affordable and a faster rate. The tool uses a computer vision along with a camera in order to record patterns in the eye movements of a child as they watch multiple one-minute videos.
Competitive Landscape
Prominent companies operating in the global fetal and neonatal care equipment market include Natus Medical Incorporated, Phoenix Medical Systems Pvt. Ltd., GE Healthcare, Medtronic Plc., Cardinal Health, Edan Instruments, Inc., Vyaire Medical Inc., Fisher & Paykel Healthcare Limited, Utah Medical Products, Inc., Philips Healthcare, Masimo Corporation, Atom Medical Corporation, Toitu Co., Ltd., Drägerwerk AG & Co. KGaA and Arjo.
Table of Contents:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.1.1 Bargaining Power of Suppliers
5.1.2 Bargaining Power of Buyers
5.1.3 Threat of New Entrants
5.1.4 Threat of Substitutes
5.1.5 Intensity of Rivalry
5.2 Value Chain Analysis
5.3 Investment Feasibility Analysis
5.4 Pricing Analysis
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