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The Fetal and Neonatal Care Equipment Market is segmented by Product Type (Fetal Care Equipment and Neonatal Care Equipment) and Geography
2018 - 2026
Fastest Growing Market:
Certain factors that are driving the market's growth include increasing number of preterm and low-weight births, growing technological advancement in infant and maternal care products, and rising congenital and pregnancy complications due to sedentary lifestyle.
The rise in preterm and low-weight births is one of the major factors for the growth of the fetal and neonatal care equipment market. With the rising number of births, a large number of complications are associated with preterm births, leading to neonatal deaths. In the United States, as per the Centers for Disease Control and Prevention (CDC), preterm births affected about one out of every 10 infants born, in 2016. Moreover, incidence of diseases among new borns have also increased. These factors have increased the demand for fetal and neonatal care equipment in the market.
However, the rising cost of neonatal care, along with advancements in the medical devices, is one of the major factors hindering the fetal and neonatal care equipment market.
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.
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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 a 2018 report by the Centers for Disease Control and Prevention, During 2014-2016, the preterm birth rate rose 3% in the United States, from 9.57% in 2014 to 9.63% in 2015 to 9.85% in 2016. As these babies require more care, an increase in preterm birth is expected to drive the market growth.
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North America is expected to dominate the fetal and neonatal care equipment market, due to the presence of well-established healthcare facilities and the rise in the demand for advanced healthcare systems. In the United States, the value-based healthcare model has led to the development of highly specialized NICU centers, with the rise in the number of devices from the US FDA.
Asia-Pacific is also expected to grow at the highest rate during the forecast period, owing to factors, such as increasing healthcare expenditures, high patient pool, and rising private hospitals and diagnostic centers in this region.
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The global fetal and neonatal care equipment market consists of a few major players holding the major shares of the market. Companies, like Atom Medical Corporation, Becton, Dickinson and Company, Dragerwerk AG & Co. KGaA, GE Healthcare, Koninklijke Philips NV, Masimo, Medtronic PLC, Natus Medical Incorporated, Phoenix Medical Systems (P) Ltd, and Vyaire Medical, among others, hold substantial shares in the fetal and neonatal care equipment market.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Number of Preterm and Low-weight Births
4.2.2 Growing Technological Advancement in Infant and Maternal Care Products
4.2.3 Rising Congenital and Pregnancy Complications due to Sedentary Lifestyle
4.3 Market Restraints
4.3.1 Stringent Regulatory Policies for New Device Approvals
4.3.2 High Prices of Advanced Neonatal Care Equipment
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Product Type
5.1.1 Fetal Care Equipment
220.127.116.11 Fetal Dopplers
18.104.22.168 Fetal Magnetic Resonance Imaging (MRI) Devices
22.214.171.124 Ultrasound Devices
126.96.36.199 Fetal Pulse Oximeters
188.8.131.52 Other Fetal Care Equipment
5.1.2 Neonatal Care Equipment
184.108.40.206 Neonatal Monitoring Devices
220.127.116.11 Phototherapy Equipment
18.104.22.168 Respiratory Assistance and Monitoring Devices
22.214.171.124 Other Neonatal Care Equipment
5.2.1 North America
126.96.36.199 United States
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
220.127.116.11 South Korea
18.104.22.168 Rest of Asia-Pacific
5.2.4 Middle East & Africa
22.214.171.124 South Africa
126.96.36.199 Rest of Middle East & Africa
5.2.5 South America
188.8.131.52 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Atom Medical Corporation
6.1.2 Becton, Dickinson and Company
6.1.3 Dragerwerk AG & Co. KGaA
6.1.4 GE Healthcare
6.1.5 Koninklijke Philips NV
6.1.7 Medtronic PLC
6.1.8 Natus Medical Incorporated
6.1.9 Phoenix Medical Systems (P) Ltd
6.1.10 Vyaire Medical
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments