Market Size –
The fetal and neonatal monitoring devices market size has grown strongly in recent years. It will grow from $8.22 billion in 2023 to $8.68 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to maternal and neonatal health awareness, healthcare access, high-risk pregnancies, emerging markets growth.
The fetal and neonatal monitoring devices market size is expected to see strong growth in the next few years. It will grow to $10.57 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to telemedicine and remote monitoring, personalized medicine, increased premature birth rates, value-based healthcare. Major trends in the forecast period include non-invasive monitoring, wearable and home monitoring devices, artificial intelligence (ai) and machine learning, data security and privacy.
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Scope Of Fetal And Neonatal Monitoring Devices 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 Monitoring Devices Market Overview
Market Drivers –
The increasing prevalence of preterm births and the low body weight of infants act as a factor driving the fetal and neonatal monitoring devices market growth. Preterm birth refers to the premature birth of a child before 37 weeks gestation period, which leads to poor health and growth, mental retardation, visual and hearing impairments, cerebral palsy, and others. According to World Health Organization (WHO), around 1 million babies die each year and preterm birth was found to be one of the top reasons for the deaths. According to the report by WHO, nearly 15 million babies are born preterm every year and this number is expected to have a continuous rise shortly. The increasing prevalence and need to reduce infant mortality rates with improving healthcare conditions drive the fetal and neonatal monitoring devices market. For instance, according to the Centers for Disease Control and Prevention (CDC), in 2021 the preterm birth rate in American women was 10.5%.
The fetal and neonatal monitoring devices market covered in this report is segmented –
1) By Equipment: Fetal, Neonatal
2) By Portability: Portable, Non Portable
3) By Fetal Care Equipment Type: Ultrasound Devices, Fetal Dopplers, Fetal MRI Systems, Fetal Monitors, Fetal Pulse Oximeters
4) By Neonatal Care Equipment Type: Infant Warmers, Incubators, Convertible Warmers & Incubators, Phototherapy Equipment, Respiratory Devices, Neonatal Monitoring Devices, Diagnostic Imaging Devices
5) By End User: Hospitals, Diagnostic centers, Pediatric Clinics, Ambulatory Surgical Centers
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Regional Insights –
Asia-Pacific was the largest region in the global fetal and neonatal monitoring devices and equipment market in 2023. North America was the second-largest region in the fetal and neonatal monitoring devices and equipment market. The regions covered in the fetal and neonatal monitoring devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Key Companies –
Major companies operating in the fetal and neonatal monitoring devices market include GE Healthcare, Fisher & Paykel Healthcare Limited, Philips Healthcare, Atom Medical Corporation, Natus Medical Incorporated, Analogic Corporation, Phoenix Medical Systems (P) Ltd., Becton Dickinson and Company, Masimo Corporation, Drägerwerk AG & Co. KGAA, CareFusion Corporation, Nonin Medical, Koninklijke Philips N.V., Welch Allyn Inc., Spacelabs Healthcare, Smiths Medical Inc., Getinge AB, FUJIFILM SonoSite Inc., Siemens Healthcare GMBH, Incereb Ltd., Utah Medical Products Inc., OSI Systems, Lutech Industries Inc., Neoventa Medical AB, CardiacDirect, International Biomedical Ltd., Medtronic Plc, Abbott Laboratories, Hill-Rom, Edwards Lifesciences, OMRON, Shenzhen Mindray Bio-Medical Electronics Co. Ltd., CooperSurgical Inc., Huntleigh Healthcare Limited, Nihon Kohden Corporation, Arjohuntleigh Healthcare India Private Limited, Advanced Instrumentations, Dixion Vertrieb medizinischer Geräte GmbH, Mediana Co. Ltd., NCC Medical Co. Ltd.
Table of Contents
1. Executive Summary
2. Fetal And Neonatal Monitoring Devices Market Report Structure
3. Fetal And Neonatal Monitoring Devices Market Trends And Strategies
4. Fetal And Neonatal Monitoring Devices Market – Macro Economic Scenario
5. Fetal And Neonatal Monitoring Devices Market Size And Growth
…..
27. Fetal And Neonatal Monitoring Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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