Fetal And Neonatal Care Equipment Market is Anticipated To Generate Significant Revenues by 2030: Grand View Research Inc.

 

Fetal And Neonatal Care Equipment Market Growth & Trends

The global fetal and neonatal care equipment market size is expected to reach USD 13.4 billion by 2030, exhibiting a CAGR of 7.28% from 2022 to 2030, according to a new report by Grand View Research, Inc. The market growth can be attributed to factors such as increasing birth rates in developing countries and the increasing prevalence of premature births. Various aspects such as delayed maternal age, induced fertility, and lack of proper prenatal care are considered to be major factors contributing to the birth of premature babies. In addition, hospital infections such as central line-associated bloodstream infections (CLABSI) and healthcare-associated pneumonia among newborns are contributing to market growth.

According to WHO estimates, 15 million infants are born preterm. To address the complications associated with babies born prematurely, the demand for fetal and neonatal devices is expected to rise significantly. In addition, the consequences of supportive government policies are propelling the market growth. For instance, in October 2018, the Australian Government announced a provision of AUD 600,000 to the Miracle Babies Foundation to support the families of premature babies. Moreover, most people in developed countries prefer home care. This has surged the adoption of pregnancy monitoring systems as they are more beneficial than traditional devices.

The COVID-19 pandemic had a major impact on the market. Preterm infants with conditions that require long-term hospitalization are susceptible to nosocomial (hospital) infections. As such, the availability of neonatal equipment in healthcare facilities has been unpleasantly affected by the COVID-19 outbreak. Due to the fear of infection among infants, hospitals, gynecological clinics, and infant care centers were shunned during the pandemic period. Thus, the pandemic had a destructive impact on the growth of the market in short term. However, the market is expected to witness lucrative growth in the coming years.

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Fetal And Neonatal Care Equipment Market Report Highlights

• By product, fetal care equipment accounted for the largest share in 2021. The neonatal care equipment segment is expected to grow at a rapid rate during the forecast period

• Increasing complications during birth, an increasing number of separate facilities for newborn care, and technological advancements are propelling market growth. For instance, in February 2019, the University of Chicago Medicine launched the Fetal and Neonatal Care Center (FNCC). The center offers one-stop access to various specialists

• North America held the largest revenue share in 2021 due to the high awareness about infant healthcare along with a large number of NICU admissions

• The Asia Pacific region is projected to grow at the highest rate during the forecast period owing to aspects such as the high birth rate in some Asian countries such as India and China, and rising government initiatives to decrease infant mortality

• In February 2021, GE Healthcare received regulatory approval for Panda iRes Warmer from the U.S. Food and Drug Administration

• Mergers & collaborations and product developments are the key strategies being undertaken by the market players. For instance, in June 2019, Clinical Computer Systems, Inc. entered into an agreement with Huntleigh Healthcare Limited to commercialize OBIX BeCA, a fetal monitor, in the U.S.

Access Press Release@ https://www.grandviewresearch.com/press-release/global-fetal-labor-delivery-neonatal-care-equipment-market

Fetal And Neonatal Care Equipment Market Segmentation

Grand View Research has segmented the global fetal and neonatal care equipment market on the basis of product, end-use, and region:

Fetal & Neonatal Care Equipment Product Outlook (Revenue, USD Million, 2016 - 2030)

• Fetal Care Equipment

  • Ultrasound Devices

  • Fetal MRI Systems

  • Fetal Monitors

  • Fetal Pulse Oximeters

• Neonatal Care Equipment

  • Infant Warmers

  • Incubators

  • Convertible Warmers & Incubators

  • Phototherapy Equipment

  • Respiratory Devices

    • Neonatal Ventilators

    • Continuous Positive Airway Pressure (CPAP) devices

    • Oxygen Analyzers and Monitors

    • Resuscitators

    • Others

  • Neonatal Monitoring Devices

    • Blood Pressure Monitors

    • Cardiac Monitors

    • Pulse Oximeters

    • Capnographs

    • Integrated Monitoring Devices

  • Others

Fetal & Neonatal Care Equipment End-use Outlook (Revenue, USD Million, 2016 - 2030)

• Hospitals

• Clinics

• Others

Fetal & Neonatal Care Equipment Regional Outlook (Revenue, USD Million, 2016 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • U.K.

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • Japan

  • China

  • India

• Latin America

  • Brazil

  • Mexico

• Middle East & Africa

  • South Africa

  • Saudi Arabia

List of Key Players in the Fetal And Neonatal Care Equipment Market

• Cardinal Health

• Drägerwerk AG & Co. KGaA

• Koninklijke Philips N.V.

• GE Healthcare

• Medtronic

• Vyaire

• BD

• Utah Medical Products, Inc.

• Natus Medical Incorporated

• Ambu A/S

• Inspiration Healthcare Group plc

• Atom Medical Corp.

• Fisher & Paykel Healthcare Limited

• Masimo

• Phoenix Medical Systems (P) Ltd.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.