Market Size of Canada Fetal and Neonatal Care Equipment Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 7.10 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Canada Neonatal & Prenatal Devices Market Analysis
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