As Per the Report, the Europe Fetal and Neonatal Care Equipment Market Size is valued at USD 2.19 billion in 2023 and is expected to grow at a CAGR of 6.2%, to reach USD 2.96 billion by 2028 during the forecast period 2023 to 2028.
Growing technical advancement in newborn and maternal care goods and increased congenital and pregnancy issues due to a sedentary lifestyle drive the market's rise in Europe.
Numerous reasons, such as public and private initiatives to enhance patient care and an increase in the number of newborn care facilities in Europe, are driving the fetal during the projection period and the neonatal care equipment market.
The European fetal and neonatal care equipment market is expected to grow at a CAGR of roughly 8.33 percent during the projected period. Lockdown and fear of infection were the leading causes of delayed health-seeking, with 44.7 percent of pregnancies ending in complications.
Furthermore, newborn screening programs provide many advantages that boost market expansion. As a result, governments worldwide are launching new efforts and raising awareness about the benefits of newborn screening. Furthermore, an increase in fetal fatalities in the United Kingdom is expected to complement market growth over the forecast period. In the same year, the country's neonatal mortality rate was roughly 3.3, about 1,072 stillbirths.
The rising cost of infant care, aggravated by innovations in medical technology, is one of the critical difficulties inhibiting the fetal and neonatal care equipment market. A growing preference for refurbished electronics in developing economies, on the other hand, could limit industry growth.
Hospital-acquired illnesses in newborns, such as Central Line-Associated Bloodstream Infections (CLABSI) and healthcare-associated pneumonia, are also driving market expansion. Premature delivery is thought to be caused by several variables, including maternal age, artificial fertility, and a lack of proper prenatal care.
This research report on the Europe Fetal and Neonatal Care Equipment Market has been segmented and sub-segmented into the following categories
By Product Type:
By End Users:
Geographically, the Europe is expected to lead the fetal and neonatal care equipment market due to well-established healthcare facilities and the growing demand for sophisticated healthcare systems. In addition, the value-based healthcare approach has led to the establishment of highly specialized NICU centers in the United Kingdom, as the number of gadgets approved by the UK FDA has increased.
Neonatal monitoring instruments and equipment are employed in the neonatal intensive care unit (NICU), emergency department, and operating theatre at all institutions in some areas of the country, such as Germany and the United Kingdom, for continuous monitoring of neonates and babies. Even in developed countries, demand for this technology has increased as the frequency of preterm babies has increased, resulting in market expansion.
Regionally Because preterm babies often require particular care in the neonatal intensive care unit (NICU), demand for neonatal devices is rising, likely to act as a market driving force in the region. Furthermore, the prevalence of illnesses and their consequences among newborns has risen. Therefore, the need for fetal and neonatal care equipment has increased due to these causes.
KEY MARKET PLAYERS
Promising Companies leading the Europe Fetal and Neonatal Care Equipment Market Profiled in the Report are GE Healthcare, Dickinson and Company, Philips Healthcare, Medtronic, Drägerwerk AG & Co. KGaA, Medtronic plc, and Masimo Corporation.,
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