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 2020 and is expected to expand at a CAGR of 6.8% over the review period 2022 to 2030. 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.
Market Segmentation:
By type, the global fetal and neonatal care equipment market has been segmented into fetal monitors, fetal ultrasound devices, fetal MRI systems, fetal pulse oximeters, and fetal doppler devices. The fetal monitors segment has been further sub-segmented into antepartum fetal monitors and intrapartum fetal monitors.
By product, the fetal and neonatal care equipment market has been segmented into infant warmers, neonatal incubators, neonatal phototherapy equipment, convertible warmers & incubators, neonatal monitoring devices, respiratory care devices, and neonatal diagnostic imaging devices. The infant warmers segment is sub-segmented into electric warmers and non-electric warmers. The neonatal phototherapy equipment segment has been sub-segmented into conventional phototherapy and fiber-optic phototherapy. The respiratory care devices segment has been further segment into continuous positive airway pressure devices, and resuscitators, neonatal ventilators, and others. The neonatal monitoring devices segment is sub-segmented into blood pressure monitors, pulse oximeters, cardiac monitors, capnographs, extracorporeal membrane oxygenation systems, and integrated monitoring devices. Lastly, the neonatal diagnostic imaging devices segment has been sub-segmented into X-ray imaging systems, ultrasound systems, and others.
By end user, the global fetal and neonatal care equipment market has been segmented into hospitals & clinics, fertility centers, and others.
Regional Analysis:
The geographical assessment of the global fetal and neonatal care equipment market spans across Americas, Europe, Asia Pacific, and the Middle East & Africa (MEA). Americas is expected to maintain dominance over the forecast period. The rising population of neonatal is anticipated to act as a growth catalyst for the fetal and neonatal care equipment market in the region. Europe is likely to maintain its second spot and has been projected to benefit from the research & development of new technologies and drugs. Meanwhile, Asia Pacific is projected to thrive at the highest CAGR across the forecast period. The economic development of the region is expected to catalyze market growth.
Competitive Dashboard:
The key players profiled in this MRFR report for fetal and neonatal care equipment market are Fisher & Paykel Healthcare Limited, Philips Healthcare, Natus Medical Incorporated, Phoenix Medical Systems Pvt. Ltd., GE Healthcare, Toitu Co., Ltd., Masimo Corporation, Medtronic Plc, Atom Medical Corporation, Arjo, Cardinal Health, Edan Instruments, Inc., Drägerwerk AG & Co. KGaA, Utah Medical Products, Inc., and Vyaire Medical Inc.
Industry News:
In March 2019, Kyotera and Rakai districts of Uganda got its first ever neonatal intensive care units.
In September 2022, India’s leading Women & Childrens’ Hospital, Apollo Cradle, has announced the introduction of ‘Advanced Technology Neonatal Intensive Care Unit' (eNICU).
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