Fetal And Neonatal Care Equipment Market Size, Industry Trends and Forecast, 2019 – 2026

The global fetal (labor & delivery) and neonatal care equipment market size is expected to reach USD 10.6 billion by 2026 expanding at a CAGR of 6.9%, based on a new report by Grand View Research, Inc. Fetal and neonatal care devices consist of a variety of equipment that are designed to monitor and detect complications in newborn babies. The market growth can be attributed to factors such as a growing birthrate in developing countries coupled with rising prevalence of associated premature births also known as preemies.

Furthermore, neonatal hospital-acquired infections such as Central Line-Associated Bloodstream Infections (CLABSI) and healthcare-associated pneumonia are additional notable factors responsible for the market growth. Various aspects such as delayed maternal age, induced fertility, and lack of proper prenatal care are considered to be major factors contributing to the birth of premature babies.

According to the WHO estimates, 15 million neonates are born annually and a million were reported to die from preterm birth complications in 2015. To address the complications associated with babies born prematurely, the demand for fetal and neonatal care equipment is expected to rise significantly. In addition, consequences of supportive government policies coupled with rapid technological advancements in modern fetal and neonatal medical equipment is expected to contribute for growth in the long term.

Other key findings from the study suggest:

Fetal care equipment accounted for the largest share of the market in 2018, however neonatal care equipment is expected to grow at a rapid rate during the forecast period.

Increasing complications during birth, increasing number of separate facilities for fetal & newborn care, and technological advancement in the fetal & neonatal care field are the key driving factors of the market. For instance, in February 2019, the University of Chicago Medicine launched Fetal and Neonatal Care Center (FNCC). The center offers one stop access to various specialists.

North America held the largest share in the fetal and neonatal care equipment market in 2018 due to the high awareness about neonatal and fetal care along with large number of neonatal intensive care unit (NICU) admissions.

The Asia Pacific region is projected to grow at the highest rate during the forecast period owing to aspects such as high birth rate in some Asia Pacific countries such as India & China and rising awareness programs for the improvement of fetal care & neonatal care.

In July 2013, largest Neonatal Intensive Care Unit in Southeast Asia became operational in Singapore. The facility is equipped with advanced equipment and technology.

The major players operating in the global fetal and neonatal care equipment market include Becton, Dickinson and Company, GE Healthcare, Koninklijke Philips N.V, THE DRAGER GROUP, Natus Medical Incorporated, Masimo Corporation, and Medtronic.

Mergers & collaborations and product development are the key strategies being undertaken by the market players. For instance, in June 2019 Clinical Computer Systems, Inc. entered into an agreement with Huntleigh Healthcare Limited to commercialize OBIX BeCA, a fetal monitor, in the U.S.

For sample copy of this report click on link: Fetal And Neonatal Care Equipment Market

I have 2+ years of writing experience. I have written lots of articles on Health-related topics.