What are the Historical Developments and Current Growth Metrics of the Fetal And Neonatal Care Equipment Market?
The fetal and neonatal care equipment market has seen considerable growth due to a variety of factors.
• The market for fetal and neonatal care equipment has seen significant expansion in recent times. It is set to rise from $8.35 billion in 2024 to $8.99 billion in 2025, witnessing a compound annual growth rate (CAGR) of 7.6%.
Factors such as increasing instances of premature births, heightened consciousness about maternal healthcare, enhancement of healthcare infrastructure, growing disposable income, government policies, and increasing complications have contributed to its growth in the past.
What Is The Projected Growth Of The Fetal And Neonatal Care Equipment Template Market?
The fetal and neonatal care equipment market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations indicate solid expansion for the fetal and neonatal care equipment market in the upcoming years. The market is slated to catapult to $11.95 billion in 2029 with a compound annual growth rate (CAGR) of 7.4%.
This projected growth during the forecast period is linked to various factors including the growth of telemedicine, greater emphasis on preventive healthcare, the rise of personalized medicine, the surge in emerging market growth, improvement in data analytics, and a boost in R&D investment. The forthcoming trends include the incorporation of the Internet of Things (IoT), growth of wearable devices, advancements in imaging technology, the rise in minimally invasive procedures, the development of smart monitoring systems, a focus on designing user-friendly devices, and the personalization of neonatal care.
What Are The Key Drivers Fueling Growth In The Fetal And Neonatal Care Equipment Market?
The growth of the fetal and neonatal care equipment market is anticipated to be driven by the increasing frequency of premature births. A premature birth, described as the delivery of a baby before the 37 weeks of gestation is completed, has been on an upward trend. This escalation is attributed to advanced maternal age, associated with a higher risk of complications, and persistent health issues in mothers, such as diabetes, obesity, hypertension, and infections, which result in preterm labor and delivery. The utilization of fetal and neonatal care equipment aids in improving health outcomes for prematurely born babies. This equipment also assists healthcare professionals in monitoring vital signs, providing critical treatment, and ensuring newborn safety and health in the intensive care units. In May 2024, it was reported by the Office for National Statistics, a leading UK statistics authority, a rise to 7.9% in preterm live births in 2022, a significant increase from 7.5% in 2021. Consequently, the escalating rate of premature births is expected to stimulate the growth of the fetal and neonatal care equipment market.
What Are The Principal Market Segments In The Global Fetal And Neonatal Care Equipment Industry?
The fetal and neonatal care equipmentmarket covered in this report is segmented –
1) By Type: Fetal Care Equipment, Neonatal Care Equipment
2) By Portability: Portable Devices, Non-Portable Devices
3) By End-User: Hospitals, Diagnostics Centers, Clinics, Other End-Users
Subsegments:
1. By Fetal Care Equipment: Fetal Monitoring Equipment, Ultrasound Equipment, Fetal Surgery Equipment, Fetal Diagnostics Equipment, Fetal Assessment Systems
2. By Neonatal Care Equipment: Incubators, Phototherapy Equipment, Respiratory Support Equipment, Neonatal Monitoring Equipment, Feeding Equipment, Suction Devices, Transport Incubators
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What New Trends Are Influencing The Fetal And Neonatal Care Equipment Market?
Major players in the fetal and neonatal care equipment market are concentrating on the creation of highly advanced solutions such as wireless maternal and fetal monitoring systems. These systems offer reliable assistance in high-risk and preterm pregnancies by non-invasively tracking and displaying fetal heart rate, maternal heart rate, and uterine activity. For example, GE HealthCare Technologies Inc., an American medical technology firm, obtained 510(k) clearance from the U.S. Food and Drug Administration (FDA) for its Novii+ Wireless Patch Solution in February 2024. This Novii+ solution, intended for monitoring the health conditions of both fetus and mother, can be used from the 34th week of pregnancy, broadening its prior application which was limited to the 37th week and beyond. This wireless, noninvasive monitoring system, devoid of any belt, enables expectant mothers to stay active, possibly reducing labor duration and increasing their comfort.
Who Are the Key Players In The Fetal And Neonatal Care Equipment Market?
Major companies operating in the fetal and neonatal care equipment market are:
• Cardinal Health
• Medtronic PLC
• Becton Dickinson and Company
• Koninklijke Philips N.V.
• Stryker Corporation
• GE Healthcare
• B. Braun Melsungen AG
• Olympus Corporation
• Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
• Drägerwerk AG And Co KGaA
• ResMed Inc.
• Canon Medical Systems Corporation
• Masimo Corporation
• Nihon Kohden Corporation
• Fisher And Paykel Healthcare Limited
• C.R. Bard Inc.
• Contec Medical Systems Co. Ltd.
• Natus Medical Incorporated
• Vyaire Medical Inc
• Atom Medical Corporation
• Amico Corporation
• Mennen Medical Ltd
• Phoenix Medical Systems Pvt Ltd
• Utah Medical Products Inc
• CareFusion Corporation
What Are The Regional Insights Into The Fetal And Neonatal Care Equipment Market?
North America was the largest region in the fetal and neonatal care equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fetal and neonatal care equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
