The size of the Global Prenatal and Neonatal Equipment Care Market was worth USD 7.32 billion in 2019 and estimated to be growing at a CAGR of 6.30%, to reach USD 9.94 billion by 2024.
Prenatal and neonatal equipment care is for premature babies with the underdeveloped immune system, lungs, skin, and digestive tract. The birth rate of premature babies is continuously increasing and is highly frequent across the world. The equipment such as incubators is highly adopted for treatment care of the babies born in less than the period of gestation, which is usually 37 weeks.
The major factors boosting the growth of prenatal and neonatal equipment care market are increasing prevalence of birth of children with low weight and preterm infants, continually growing percentage of working women, the emergence of advanced healthcare systems owing to the technological advancements and rapid urbanization in the past decade which have shifted the market dynamics. Also, factors such as increasing disposable income, increasing healthcare expenditure, increasing awareness among people among maternal healthcare, and rise in demand for prenatal therapeutics and diagnostics, are catalyzing the growth of the global prenatal and neonatal equipment care market.
Intensive focus on initiatives from the private and public organizations for developing advanced monitoring systems and devices for effective care of expecting women and premature infants is anticipated to be creating more growth opportunities for the key players in the market during the forecast period. Increasing urbanization with growing awareness in the population about the prenatal and neonatal health concerns are expected to offer growth opportunities for the stakeholders in the global prenatal and neonatal equipment market during the forecast period. The emergence of novel and innovative equipment for prenatal and neonatal healthcare is supposed to create growth opportunities for the stakeholders in the immunoassays market.
The significant factors that are challenging the growth of the market are the adoption of a sedentary lifestyle, enforcement of stringent laws by various governments to control population rate, the declining price of birth rates due to women empowerment leading to an increased number of employed women across the world.
Key happenings in this market in the recent past:
REPORT COVERAGE:
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2018 – 2024 |
|
Base Year |
2018 |
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Forecast Period |
2019 - 2024 |
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Segments Covered |
By Product Type and Region |
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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 |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Philips Healthcare, CareFusion Corporation, Covidien PLC, Fisher & Paykel Healthcare Limited, Siemens Healthcare, Smiths Medical and Drägerwerk AG & Co. KGaA |
This research report on the Global Prenatal and Neonatal Equipment Care Market segmented and sub-segmented into the following categories and analyzed market size and forecast for each segment until 2024.
Prenatal and Neonatal Equipment Care Market Analysis – By Product Type:
On the basis of product type, the neonatal care equipment segment accounts for the larger share of the global market, while the fetal care equipment segment is anticipated to grow at the highest CAGR during the forecast period.
With respect to types of prenatal and fetal equipment, the fetal dopplers segment is contributing a major share of revenues to the market. It is likely to witness rapid growth during the forecast period owing to factors such as increasing demand for digital dopplers over traditional devices, the emergence of the novella and innovated home-care products into the market. Other benefits such as ease of use, novel features, display function, mobility are contributing factors to the growth of this market segment.
Regional Analysis:
North America is dominating the market by contributing a significant share of revenues to the market and is foreseen to witness rapid growth in the market of prenatal and neonatal equipment care during the forecast period owing to the factors such as increasing awareness regarding the healthcare of expecting women, and favorable laws of healthcare in the region. The Asia Pacific is another major market segment which is contributing a significant share of revenues to the market and is anticipated to continue the trend owing to factors such as increasing healthcare expenditure and increasing population of pregnant women getting prenatal care.
List of key market participants leading the Global Prenatal and Neonatal Equipment Care Market profiled in this report are:
1. Introduction
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
2.1 Introduction
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. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
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 By Product Type
5.1.1 Prenatal and Fetal Equipment
5.1.1.1 Ultrasound and Ultrasonography Devices
5.1.1.2 Fetal Magnetic Resonance Imaging
5.1.1.3 Fetal Dopplers
5.1.1.4 Fetal Monitors
5.1.2 Neonatal Equipment
5.1.2.1 Infant Warmers and Incubators
5.1.2.2 Neonatal Monitoring Devices
5.1.2.3 Respiratory Assistance and Monitoring Devices
5.1.2.4 Phototherapy Equipment
5.1.3 Other Prenatal and neonatal equipment
6. Geographical Analysis
6.1 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.2 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.3 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 South Korea
6.3.6 Australia
6.4 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.5 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
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 Philips Healthcare
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 CareFusion Corporation
8.3 Covidien PLC
8.4 Fisher & Paykel Healthcare Limited
8.5 Siemens Healthcare
8.6 Smiths Medical
8.7 Drägerwerk AG & Co. KGaA
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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