Fetal and neonatal care equipment market is growing at a significant CAGR during the forecast period. The major factors that are augmenting the growth of the market are the increasing birth rate coupled with more infant fatalities and premature deliveries. In addition, advancement in technology along with affordability, rising awareness efforts by government and non-government organizations to inhibit kids’ mortality rates, are also some of the primary factors that are contributing significantly towards the growth of the market. According to research and studies, 75% of neonatal fatalities occur during the first week of birth, and about 1 million newborn babies decease on the same day. On the other hand, certain factors are affecting the growth of the market such as the high cost of the equipment or product and stringent FDA regulations developed by the companies.
The increasing number of premature births has also been the major factor contributing to the growth of the market. Premature or a preterm birth refers to the birth that occurs from the onset of the 37th week of pregnancy to more than three weeks before the baby is due. The time required for the baby to completely develop is less in the case of preterm birth. Therefore, babies born through a preterm birth usually have medical complications. According to the WHO, each year, an estimated 15 million babies are born preterm and this number is on the rise. According to the CDC (Centers for Disease Control and Prevention), 1 in 10 babies was born too early in the US in 2018, which leads to a higher risk of death or serious disability. Therefore, a surge in incidences of preterm births is anticipated to raise the demand for fetal and neonatal care equipment used for its treatment, which ultimately fuels the growth of the market.
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Fetal and Neonatal Care Equipment Market Segmentation
By Product Type
- Fatal Care Equipment
- Fetal Doppler Devices
- Fetal MRI Systems
- Fetal Pulse Oximeters
- Fetal Ultrasound Devices
- Others
Neonatal Care Equipment
- Incubators
- Neonatal Monitoring Devices
- Phototherapy Equipment
- Respiratory Care Devices
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Atom Medical Corp.
- Becton Dickinson and Co.
- Drägerwerk AG & Co. KGaA
- Hoffmann-La Roche AG
- Fisher & Paykel Healthcare Corp. Ltd.
- GE Healthcare
- Getinge AB
- Koninklijke Philips N.V.
- Mallinckrodt Pharmaceuticals
- Masimo
- Medtronic Plc
- Natus Medical Inc.
- Nonin Medical, Inc.
- OSI Systems, Inc.
- Phoenix Medical Systems
- Siemens AG
- Spacelabs Healthcare
- Utah Medical Products, Inc.
- VYAIRE MEDICAL INC.
- Welch Allyn, Inc.
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