The size of the Prenatal and Neonatal Equipment Care Market in North America was worth USD 2.57 billion in 2022 and estimated to be growing at a CAGR of 6.10%, to reach USD 3.45 billion by 2027.
Unhealthy food habits of the people living in cities leading to lack of proper nutrition in the diet are leading to severe health issues affecting the immune system of the infant babies, which is fueling the growth of prenatal and neonatal equipment care market in North America. Governments in the region are supporting the companies and market players by implementing favorable laws that are propelling the growth of the prenatal and neonatal equipment care market in North America. The increasing expenditure of the healthcare and availability of advanced equipment is further boosting the growth of the prenatal and neonatal equipment care market in this area.
Rising awareness of people regarding prenatal healthcare of expecting women and steadily growing account of fetal birth rate are likely to boost the demand for healthcare equipment and expand growth opportunities for the stakeholders in the North American neonatal and prenatal equipment care market. The emergence of novel and innovative equipment for prenatal and neonatal healthcare is expected to be creating more growth opportunities for the market over the forecast period. Increased number of research and development activities to develop novel and innovative devices, equipment for treatments, monitoring systems and advanced treatment methods are foreseen to create lucrative growth opportunities for the key players in North America during the projection period.
Stringent rules regarding population control leading to low birth rate are limiting the growth rate of the neonatal and prenatal equipment care market in North America. Busy lifestyles of the people due to the women employment is also slowing down the growth rate of the market.
This research report on the North America Prenatal and Neonatal Equipment Care Market is segmented and sub-segmented into the following categories:
By 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.
The United States leads the market in this region with a share of almost 80%. The North America market is very modern and is focused on innovating cost-effective techniques. Companies are committed to research, sourcing, and quality, factors that are central to the success of the industry.
Companies playing a dominant role in the North America Prenatal and Neonatal Equipment Care Market profiled in this report are CareFusion Corporation, Covidien PLC, Drägerwerk AG & Co. KGaA, Cooper Surgical, Inc., FUJIFILM SonoSite, Inc., GE Healthcare, Getinge AB, Fisher & Paykel Healthcare Limited, Natus Medical Incorporated, Philips Healthcare, Siemens Healthcare, Nonin Medical, Inc., and Smiths Medical.
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