The global fetal and neonatal care equipment market size was valued at USD 8.12 billion in 2022. By 2027, the market is anticipated to grow by USD 11.18 billion, registering a CAGR of 6.6% from 2022 to 2027.
Impact of COVID-19 on the global fetal and neonatal care equipment market:
It is a well-known situation to everyone how the pandemic created by COVID-19 has disrupted human life in various forms. It has shaken supply chains and value chains in the health care sector. Lactating mothers and newborn babies belong to the high-risk category for covid-19.
Due to the pandemic, many countries went for sudden lockdowns impacting the production. Even though many key players tried to maintain the production due to the uneven workforce, the market production was destabilized. The supply of equipment is subsidized, but demand for the equipment is increased owing to the difficulties faced by pregnant women government took measures to import neonatal and fetal care equipment in some countries to safeguard the rights of women and children. Hence, it is evident that the pandemic had made the market take a back turn for a while during strict lockdowns.
The global fetal and neonatal equipment market is one of the fastest-growing maternity healthcare sectors.
The major drivers for the global fetal and neonatal equipment market can be several forms. First, the increased premature births of babies and the unhealthy birth of newborns trigger the market to expand further. This can be attributed to women's lifestyle changes, like genetic changes and hormonal disorders. According to the United Nations Foundation, maternal and childcare is a global priority, as approximately 850 women die every day from preventable causes associated with pregnancy or childbirth. This has led to increased demand for newborn and fetal care equipment. Additionally, Hospital associated infections are primarily a concern for premature babies and those with medical conditions requiring an extended hospital stay. Data from UNICEF (United Nations International Children's Fund) indicates that 2.6 million children died in the first month of life in 2018 worldwide. In addition, premature and underweight babies are exposed to many health risks and require specialized care. Therefore, the demand for fetal and neonatal care equipment is growing exponentially.
In addition, increased R&D in developing fetal and neonatal equipment is also driving the market to expand further. The necessity of highly sophisticated and qualified equipment for proper monitoring and breeding of prematurely born babies drives the market to a growth trajectory. There are many opportunities for the market to grow further; they are like government policies; every government tries to reduce the infant mortality rate. It is one of the indicators for the human development index (HDI). So, there is a considerable push for equipping proper Fetal and neonatal care equipment in the hospitals. Due to the lifestyle changes and other factors, as per the reports cited by the WHO, it is revealed that out of 15 million newborn babies, approximately 1 million die due to premature and unhealthy births.
As with the other health care domains, in the case of this market, the cost of equipment and high price associated with neonatal and fetal treatment are pulling the market back. In addition, there is no proper qualified neonatal equipment for treating or breeding prematurely born babies in many developed countries. Regulatory approvals for installing neonatal and fetal health care equipment are also a hindrance to the market.
In many developed countries, there is a reduction in the fertility rate; in these countries majority of the key players are experiencing stagnation in the market. In addition, the high purchasing cost of neonatal and fetal health care equipment and subsequent high prices in neonatal diagnostics are forcing people in underdeveloped countries to look for other alternatives. This is restraining the market from growing further. Lack of awareness in many underdeveloped countries for neonatal care also hampers the market expansion.
Market Size Available
2021 to 2027
2022 to 2027
By Product Type, End-User, and Region
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, APAC, Latin America, Middle East & Africa
This market research report on the global fetal and neonatal care equipment market has been segmented and sub-segmented into the following categories and analyzed market size and forecast until 2027.
Fetal and Neonatal Care Equipment Market - By Product Type:
Based on product type, the neonatal care equipment segment is expected to account for the largest market share globally during the forecast period. The rising number of hospitals and the increasing prevalence of the use of neonatal equipment in the hospitals are primarily accelerating the segment's growth.
The Fetal monitors segment is estimated to register healthy CAGR during the forecast period due to the continuous monitoring of the fetus heart rate. The respiratory devices sub-segment is expected to do well among all the others as most newborn babies suffer from respiratory issues.
Fetal and Neonatal Care Equipment Market - By End User:
Based on End Users, the Hospital segment is expected to account for the lion's share during the forecast period due to the availability of specialists and growing adoption of the latest technologies to improve patient care.
The clinics segment is anticipated to grow at a healthy rate during the forecast period as clinics are preferred in areas with no hospitals. In countries like India, China, Nigeria, etc., the clinic sector has more demand. Therefore, it is expected that clinic sectors may have a steady rate in the forecast period.
Fetal and Neonatal Care Equipment Market - By Region:
The North American market was the leader in the global fetal and neonatal care equipment market and is forecasted to be worth USD 3.65 billion by the end of 2025. The U.S. market is expected to occupy a significant share in the North American market due to the demand for advanced equipment for better treatment. Moreover, high awareness of fetal and neonatal care is escalating the market's grIn addition, anth rate. An increase in Neonatal Intensive Care Unit (NICU) admission helped the U.S get the lead in the market. As a result, the United States dominated the North American fetal and neonatal care equipment market in 2021. This dominance is attributed mainly to the high rate of preterm births, the presence of a good reimbursement structure, the high incidence of neonatal abstinence syndrome (ANS), the rate of maternal mortality, lifestyle challenges (such as obesity, smoking, diabetes, and unhealthy diet) and the availability of well-equipped neonatal intensive care centers. On the other side, the Canadian market is expected to hold second place in the North American fetal and neonatal care equipment market during the forecast period due to well-established healthcare facilities and increased demand for advanced healthcare systems. In Canada, the value-based health model has led to the development of highly specialized neonatal intensive care centers, increasing the number of FDA devices.
The Asia Pacific market is expected to be the fastest-growing regional market and is estimated to grow at a CAGR of 6.67% between 2020 to 2025. Factors such as government initiatives by developing countries such as India, China, and Japan and increased awareness of the importance of fetal and neonatal care are accelerating the APAC market.
The European market is estimated to grow at a CAGR of 6.2% from 2020 to 2025 and value USD 2.78 billion in 2025. The increasing incidence of premature childbirth and c-section deliveries increases childbirth complications. In addition, growing hospitals and government initiatives to decrease infant mortality rates fuel the market.
KEY MARKET PLAYERS:
Some of the noteworthy companies in the global 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.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Product Type
5.1.2 Fetal Care Equipment
126.96.36.199 Fetal Dopplers
188.8.131.52 Ultrasound Devices
184.108.40.206 Fetal MRI Systems
220.127.116.11 Fetal Pulse Oximeters
18.104.22.168 Fetal Monitors
22.214.171.124.1 Antepartum/External Fetal Monitors
126.96.36.199.2 Intrapartum/Internal Fetal Monitors
5.1.3 Neonatal Care Equipment
188.8.131.52 Infant Warmers
184.108.40.206.1 Electric Warmers
220.127.116.11.2 Non-Electric Warmers
18.104.22.168 Convertible Warmers & Incubators
22.214.171.124 Respiratory Devices
126.96.36.199.1 Neonatal Ventilators
188.8.131.52.2 Oxygen Analyzers and Monitors
184.108.40.206.3 Continuous Positive Airway Pressure (CPAP) Devices
220.127.116.11 Phototherapy Equipment
18.104.22.168.1 Conventional Phototherapy
22.214.171.124.2 Fiber-Optic Phototherapy
126.96.36.199 Neonatal Monitoring Devices
188.8.131.52.1 Blood Pressure Monitors
184.108.40.206.2 Pulse Oximeters
220.127.116.11.3 Cardiac Monitors
18.104.22.168.4 Integrated Monitoring Devices
5.1.4 Y-o-Y Growth Analysis, By Product Type
5.1.5 Market Attractiveness Analysis, By Product Type
5.1.6 Market Share Analysis, By Product Type
5.2.4 Y-o-Y Growth Analysis, By End User
5.2.5 Market Attractiveness Analysis, By End User
5.2.6 Market Share Analysis, By End User
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Product Type
188.8.131.52 By End User
6.1.4 Market Attractiveness Analysis
184.108.40.206 By Geographical Area
220.127.116.11 By Product Type
18.104.22.168 By End User
6.1.5 Market Share Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Product Type
188.8.131.52 By End User
6.2 North America
6.2.2 United States
6.4.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Ge Healthcare
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Medtronic Public Limited Company
8.3 Atom Medical Corporation
8.4 Philips Healthcare
8.5 Becton, Dickinson and Company
8.6 Drägerwerk AG & Co. KGAA
8.7 Masimo Corporation
8.8 Natus Medical Incorporated
8.9 Phoenix Medical Systems Pvt. Ltd
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, Collaborations, and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures
As per our research report, the global fetal and neonatal care equipment market size is estimated to be worth USD 11.18 billion by 2027.
Yes, we have studied and included the COVID-19 impact on the global fetal and neonatal care equipment market in this report.
Geographically, the North American regional market dominated the fetal and neonatal care equipment market in 2021.
GE Healthcare, Dickinson, and Company, Philips Healthcare, Medtronic, Drägerwerk AG & Co, KGaA, Medtronic plc, and Masimo Corporation are a few of the noteworthy companies operating in the global fetal and neonatal care equipment market.
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