Canada Neonatal and Prenatal Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Canada Fetal and Neonatal Care Equipment Market is segmented by Product Type (Fetal Care Equipment and Neonatal Care Equipment)

Market Snapshot

CAGR
Study Period: 2018 - 2026
Base Year: 2019
CAGR: 7.1 %

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Market Overview

Owing to the rapid evolution of the market in the use of new technology, medical device companies that are able to launch new innovative equipment will be rewarded with huge benefits. The increasing awareness for neonatal & prenatal care, rising incidence of preterm births, and increased demand for prenatal therapeutics, diagnostics, and monitoring devices are the major factors driving the growth of this market.

However, the rising cost of neonatal care, due to advancements in medical devices, is one of the major factors hindering the market

Scope of the report

As per the scope of the report, fetal monitoring devices are vital tools that are routinely used in gynecology and obstetrics interventions, to examine fetal health during labor and delivery. Neonatal devices are extensively used in the neonatal intensive care units (NICUs), where complex machines and monitoring devices are designed for the unique needs of newborn babies.

By Product Type
Fetal Care Equipment
Fetal Dopplers
Fetal Magnetic Resonance Imaging (MRI) Devices
Ultrasound Devices
Fetal Pulse Oximeters
Other Fetal Care Equipment
Neonatal Care Equipment
Incubators
Neonatal Monitoring Devices
Phototherapy Equipment
Respiratory Assistance and Monitoring Devices
Other Neonatal Care Equipment

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Key Market Trends

Neonatal Care Equipment is Expected to Hold a Significant Market Share

Neonatal monitoring instruments and equipment are used in the neonatal intensive care unit (NICU), emergency room, and operating theatre at all levels of hospitals for continuous monitoring of the neonates and infants. The demand for this equipment has increased to increase in preterm births, even in developed. Preterm born babies are more prone to infections and diseases and require more care. According to an article published in 2018 by Prakesh S. Shah, 8% of pregnancies in Canada result in preterm birth. The Canadian Preterm Birth Network (CPTBN) is funded by the Canadian Institutes of Health Research and aims to expand existing neonatal platforms to develop a pan-Canadian network. Such initiatives help boost segment growth.

canada preterm

Competitive Landscape

Companies, like Becton, Dickinson and Company, GE Healthcare, Koninklijke Philips NV, Masimo, Medtronic PLC, hold substantial shares in the fetal and neonatal care equipment market. Some of the strategies implemented include agreements, collaborative models, business expansion, and product developments

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Number of Preterm and Low-weight Births

      2. 4.2.2 Increasing Technological Advancement in Infant and Maternal Care Products

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost Associated with Neonatal Care

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Fetal Care Equipment

        1. 5.1.1.1 Fetal Dopplers

        2. 5.1.1.2 Fetal Magnetic Resonance Imaging (MRI) Devices

        3. 5.1.1.3 Ultrasound Devices

        4. 5.1.1.4 Fetal Pulse Oximeters

        5. 5.1.1.5 Other Fetal Care Equipment

      2. 5.1.2 Neonatal Care Equipment

        1. 5.1.2.1 Incubators

        2. 5.1.2.2 Neonatal Monitoring Devices

        3. 5.1.2.3 Phototherapy Equipment

        4. 5.1.2.4 Respiratory Assistance and Monitoring Devices

        5. 5.1.2.5 Other Neonatal Care Equipment

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Dragerwerk AG & Co. KGaA

      2. 6.1.2 F. Hoffmann-La Roche Ltd

      3. 6.1.3 GE Healthcare

      4. 6.1.4 Siemens Healthineers AG

      5. 6.1.5 Koninklijke Philips N.V.

      6. 6.1.6 Medtronic PLC

      7. 6.1.7 Masimo

      8. 6.1.8 Natus Medical Incorporated

      9. 6.1.9 Atom Medical Corporation

      10. 6.1.10 Becton, Dickinson and Company

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Canada Fetal and Neonatal Care Equipment Market market is studied from 2018 - 2026.

The Canada Fetal and Neonatal Care Equipment Market is growing at a CAGR of 7.1% over the next 5 years.

GE Healthcare, Siemens Healthineers AG, Koninklijke Philips N.V., Becton, Dickinson and Company, Medtronic PLC are the major companies operating in Canada Fetal and Neonatal Care Equipment Market.

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