As Per the Report, the Size of the Middle East & Africa Fetal and Neonatal Care Equipment Market Size is valued at USD 0.73 billion in 2023 and is predicted to grow at a CAGR of 7.3%, to reach USD 1.04 billion by 2028 during the forecast period 2023 to 2028.
An increase in population health management with the rise in the prevalence of preterm births in this region is the primary driving key in the market. In addition, increased preterm and low-weight deliveries, expanding technical innovation in baby and maternal care goods, and rising congenital and pregnancy problems due to sedentary lifestyles are some of the reasons driving the market's growth as preterm deliveries are connected with a significant number of the issues, which results to the mortality of newborn and increase in the prevalence of illness in the newborns.
These factors have boosted the market's demand for fetal and neonatal care equipment. In neonatal intensive care units (NICUs), complex equipment and monitoring devices are built for the particular needs of newborns. These neonatal gadgets are widely utilized for newborns, and adopting healthcare policies increases the demand in the market.
Neonatal monitoring tools and equipment are continuously used to monitor neonates and babies in the neonatal intensive care unit, emergency department, and operating theatre at all levels of hospitals. The need for this technology has risen in response to an increase in preterm births, even in wealthy countries. Also, well-established healthcare facilities and the demand for sophisticated healthcare systems in this region are driving the market growth.
Stringent regulatory policies and procedures for the approvals of new products with the increase in the high costs of advanced equipment are limiting the market growth. Also, the lack of adequate healthcare facilities is affecting the development of fetal and neonatal care equipment.
However, one of the key challenges impeding the fetal and neonatal care equipment market is the growing expense of newborn care, compounded by improvements in medical technologies. These fetal monitoring devices are essential instruments used in gynecology and obstetrics procedures to assess fetal health during labor and delivery.
This research report on the Middle East & Africa Fetal and Neonatal Care Equipment Market has been segmented and sub-segmented into the following categories
By Product Type:
By End Users:
Geographically, the MEA is expected to hold a significant share in the fetal and neonatal monitoring market in the forecasted years due to the increase in the prevalence of preterm births that have grown throughout Africa in recent decades. These premature babies have been proven to be vulnerable to illnesses and infections. Therefore, as a result, these babies are monitored utilizing monitoring devices which are encouraging market growth.
Also, Saudi Arabia and UAE are expected to drive the market by the rise in the need for monitoring devices and equipment in the region, the technical advances in the kit with the growing healthcare expenditures, a big patient pool, and an increase in private hospitals and diagnostic centers. As well as many healthcare authorities in developing nations are also raising awareness about these facilities to lower neonatal death rates.
On the other hand, the countries such as UAE fetal and neonatal care equipment market and Saudi Arabia fetal and neonatal care equipment market are projected to showcase a promising share in the fetal and neonatal care equipment market in the coming years. Favorable government policies, improving healthcare sectors, and technological advancement in the healthcare sector contribute to market growth.
KEY MARKET PLAYERS
Key Market Companies dominating the Middle East & Africa 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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