There is a surge in number of cases of preterm birth due to rise in number of caesarean birth, premature rupture of the membrane, any emergency event or life threatening complication caused. Factors such as increase in maternal age, change in lifestyle such as drinking, smoking are leading cause for premature and congenital diseases. Disorders such as anemia, intra-ventricular hemorrhage, bronchopulmonary dysplasia, transient tachypnea and hyperbilirubinemia are diagnosed at birth; thus touting the important role of fetal and neonatal care equipment to diagnose, monitor, evaluate and treat diseases in prenatal and neonatal stage. With rising awareness and advancement in technology along with demand and affordability are the major drivers for the market growth.
The report titled “Fetal and Neonatal Care Device Market - Growth, Future Prospects and Competitive Analysis, 2021–2029” offers strategic insights into the overall fetal and neonatal care market along with the market size and estimates for the duration 2021 to 2029. The said research study covers in-depth analysis of multiple market segments based on type of monitoring devices, equipment and different geographies. The monitoring devices segments studied for analyzing the overall global fetal and neonatal market is majorly categorized into fetal monitors and neonatal monitoring devices. Fetal monitors segment is further sub segmented into antepartum/external fetal monitors and intrapartum/internal fetal monitors. The neonatal monitoring devices market further sub-segmented into blood pressure monitors, cardiac monitors, pulse oximeters, capnographs, integrated monitoring devices and respiratory assistance and monitoring devices.
Based on equipment type this market is also similarly classified into fetal equipment and neonatal equipment. Fetal equipment are further sub-segmented as ultrasound and ultrasonography devices, fetal Dopplers, fetal MRI systems and fetal pulse oximeters. Neonatal equipment segment is are further classified as infant warmers, incubators, convertible warmer & incubators, phototherapy (conventional and fiber-optic) equipment and respiratory devices.
Market size and forecast for these regional and country level markets are presented in this study for the period 2019-2029. Market growth rates for the forecast period 2021-2029 are also included in this report, considering 2020 as the base year.
Along with quantitative information, qualitative information sets and assessment tools are provided in this study for better analysis of the overall market scenario and future prospects. Information such as market inclination insights and drivers, challenges and opportunities assists the readers for understanding the ongoing trends in the global fetal and neonatal market. Tools such as market positioning of key players and attractive investment proposition provide the readers with insights on the competitive scenario of the global fetal and neonatal market. This report concludes with company profiles section that highlights major information about the key players engaged in global fetal and neonatal market. In-depth competitive environment analysis and historical years (2019) market size data are also provided in the report.
Based on the type of monitoring device, the global fetal and neonatal care market is segmented as follows:
Fetal and neonatal monitoring though similar in nature, are carried out at different stages of birth cycle. Fetal monitoring is carried out during pregnancy and process of birth, while neonatal monitoring is done after child birth. Fetal monitoring measures the heart rate and rhythm of the fetus, to further prevent any complication in birth. At present, fetal monitors segment dominates the market, majorly attributed by growing emphasis to improve maternal/fetal health and reduce premature or still births. Fetal monitoring devices segment is further segmented into antepartum and intrapartum monitors depending on external or internal monitor of heart rate, between which antepartum is a rapidly progressing market. Neonatal monitoring is required for monitoring all the vital physiological parameters, to avoid further complications or in condition of premature births to aid physician to take necessary steps. Neonatal monitoring is a growing segment, driven by the rise in demand of the critical care monitoring of maternal and neonatal intensive care unit.
Based on the type of equipment, the global fetal and neonatal care market is segmented as follows:
In 2020, neonatal equipment dominates the market fetal and neonatal market. The neonatal care equipment market is driven by increase in awareness and focus on maternal and neonatal care, technological advancement, portable devices etc. Portable warmers, convertible warmer & incubators, phototherapy equipment are the growing segments of the neonatal market. Ultrasound devices used to produce images of baby, to further evaluate the growth and development of the baby during pregnancy, occupies the largest share in fetal equipment segment. Fetal magnetic resonance imaging (MRI) is the fastest growing market in fetal equipment segment during the forecast period 2021-2029.
North America was observed as the largest market for fetal and neonatal market in the base year 2020. North America dominated the market due to drivers such as higher disposable income, increase in demand and accessibility to technologically advanced sfetal & neonatal care equipment for better healthcare delivery. Next followed by market is Europe, which is projected to grow during forecast period. Asia Pacific is anticipated as the most attractive market of fetal & neonatal care equipment for the forecast period 2021-2029. The major market drivers are government initiatives, increase in preterm birth and maternal age along with changes in lifestyle and labor treatment.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Fetal And Neonatal Care Device market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Monitoring Devices
| |
Equipment
| |
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
