The fetal and neonatal care equipment market size is expected to see strong growth in the next few years. It will grow to $11.14 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to telemedicine expansion, rising focus on preventive healthcare, personalized medicine, emerging market growth, enhanced data analytics, and increased investment in R&D. Major trends in the forecast period include the integration of the Internet of Things (IoT), the development of wearable devices, advances in imaging technology, growth in minimally invasive procedures, smart monitoring systems, a focus on user-friendly designs, and personalized neonatal care.
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Scope Of Fetal And Neonatal Care Equipment Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Fetal And Neonatal Care Equipment Market Overview
Market Drivers –
The rising prevalence of premature births is expected to propel the growth of the fetal and neonatal care equipment market going forward. Premature birth refers to the birth of a baby before the completion of 37 weeks of gestation. The rising prevalence of premature births is driven by advanced maternal age, which is associated with higher risks of complications, and chronic health issues in mothers, such as diabetes, hypertension, obesity, and infections, that contribute to preterm labor and delivery. Fetal and neonatal care equipment improves the health outcomes for premature births while also helping healthcare providers monitor vital signs, administer necessary treatments, and ensure the safety and well-being of newborns in intensive care. For instance, in May 2024 according to the Office for National Statistics, a UK-based statistics authority, the percentage of preterm live births rose to 7.9% in 2022, up from 7.5% in 2021. Therefore, the rising prevalence of premature births will drive the growth of the fetal and neonatal care equipment market.
Market Trends –
Major companies operating in the fetal and neonatal care equipment market are focusing on developing technologically advanced solutions, such as the wireless maternal and fetal monitoring solution, to provide reliable solutions for preterm and high-risk pregnancies. Wireless maternal and fetal monitoring solutions noninvasively monitor and display fetal heart rate, maternal heart rate, and uterine activity. For instance, in February 2024, GE HealthCare Technologies Inc., a US-based medical technology company, received 510(k) clearance from the United States Food and Drug Administration (FDA) for Novii+ Wireless Patch Solution. The Novii+ solution is designed for monitoring both maternal and fetal health in pregnant patients starting from 34 weeks of gestation, extending its previous indication, which was from 37 weeks and greater. The system features a wireless, belt-free patch that provides noninvasive monitoring of fetal heart rate, maternal heart rate, and uterine activity. This design allows mothers to move freely and stay active during labor, potentially reducing the length of labor and enhancing comfort.
The fetal and neonatal care equipment market covered in this report is segmented –
1) By Type: Fetal Care Equipment, Neonatal Care Equipment
2) By Portability: Portable Devices, Non-Portable Devices
3) By End-User: Hospitals, Diagnostics Centers, Clinics, Other End-Users
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Regional Insights –
North America was the largest region in the fetal and neonatal care equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fetal and neonatal care equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the fetal and neonatal care equipment market are Cardinal Health, Medtronic PLC, Becton Dickinson and Company, Koninklijke Philips N.V., Stryker Corporation, GE Healthcare, B. Braun Melsungen AG, Olympus Corporation, Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Drägerwerk AG And Co KGaA, ResMed Inc., Canon Medical Systems Corporation, Masimo Corporation, Nihon Kohden Corporation, Fisher And Paykel Healthcare Limited, C.R. Bard Inc., Contec Medical Systems Co. Ltd., Natus Medical Incorporated, Vyaire Medical Inc, Atom Medical Corporation, Amico Corporation, Mennen Medical Ltd, Phoenix Medical Systems Pvt Ltd, Utah Medical Products Inc, CareFusion Corporation
Table of Contents
1. Executive Summary
2. Fetal And Neonatal Care Equipment Market Report Structure
3. Fetal And Neonatal Care Equipment Market Trends And Strategies
4. Fetal And Neonatal Care Equipment Market – Macro Economic Scenario
5. Fetal And Neonatal Care Equipment Market Size And Growth
…..
27. Fetal And Neonatal Care Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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