Global Neonatal and Prenatal Devices Market - Segmented by Product Type and Geography - Growth, Trends, and Forecast (2019 - 2024)

Global Neonatal and Prenatal Devices Market - Segmented by Product Type and Geography - Growth, Trends, and Forecast (2019 - 2024)

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The global neonatal and prenatal devices market is expected to register a CAGR of 6.5% during the forecast period of 2018 - 2023.  North America is anticipated to dominate the market during the forecast period owing to the growing awareness about prenatal and neonatal care equipment in the region.

Rising Incidences of Preterm Births

According to WHO data, every year, an estimated 15 million babies are born preterm (before completing 37 weeks of gestation), and this number is rising continuously. Preterm birth complications are the leading cause of death among children under five years of age and accounted for approximately 1 million deaths in 2015. Three-quarters of these deaths could have been prevented with current, cost-effective diagnosis, and treatment. The rising incidence of preterm birth and associated high death rate has augmented the demand for prenatal diagnosis, which is likely to drive the demand for neonatal and prenatal devices globally. Additionally, increasing awareness for prenatal and neonatal care, investment from key players in the development of innovative prenatal diagnostics and monitoring devices, and government initiatives to provide better care for prenatal and neonatal infants are likely to drive the market for neonatal and prenatal devices globally.

Low Birth Rates in Developed Countries

Developed countries, such as the United States and other European countries have lower fertility rate, and indications are that the rate is only going to decrease over the coming years. In 2016, the United States recorded the lowest fertility rate. There were 62 births per 1,000 women aged 15 — 44, a decline by 1% from 2015. The factors such as changing lifestyle in developed countries, more focus on career among women, etc., are responsible for the low birth rate in the developed nations. The low birth rate will result in lesser demand and hence, can work as a major restraint for the market. Additionally, lack of awareness and economic constraints in developing countries is further restricting the growth of the market.

North America is the Largest Market

North America is the largest market for global neonatal and prenatal devices owing to high preterm birth rate coupled with growing awareness regarding prenatal care, which is augmenting the demand for neonatal and prenatal devices in the region. In terms of growth, Asia-Pacific is the fastest growing region due to growing birth rate in developing countries and adoption of advanced neonatal care devices in healthcare sectors of the region.


Key Developments in the Market

  • November 2017: Warmilu Inc. developed a portable, user-friendly incubator blanket, which could prove a potential lifesaver to thousands of pre-term babies.
  • November 2017: FUJIFILM SonoSite, Inc. launched a full-suite pediatric solutions portfolio, complete with digital radiography (DR), healthcare IT and point-of-care ultrasound.

The major players include Becton, Dickinson and Company, Cooper Surgical Inc., Dragerwerk AG & Co. KGaA, Fisher & Paykel Healthcare Limited, FUJIFILM SonoSite, Inc., General Electric Company, Koninklijke Philips N.V., Medtronic, Natus Medical Incorporated, and Siemens AG, among others.

Reasons to Purchase the Report

  • A look at the current and future global neonatal and prenatal devices market in the developed and emerging regions.
  • Analysis of various perspectives of the market with the help of Porter’s Five Forces Analysis.
  • Identify the segment that is expected to dominate the market.
  • Identify the regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares, and strategies employed by the major market players.
  • 3-month analyst support, along with the Market Estimate sheet (in Excel).

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1. Introduction

              1.1 Market Definition

2. Research Methodology

3. Executive Summary

4. Key Inferences

5. Market Overview

              5.1 Current Market Scenario

              5.2 Porter's Five Forces Analysis

                             5.2.1 Bargaining Power of Suppliers

                             5.2.2 Bargaining Power of Consumers

                             5.2.3 Threat of New Entrants

                             5.2.4 Threat of Substitute Products and Services

                             5.2.5 Competitive Rivalry within the Industry

6. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)

              6.1 Drivers

                             6.1.1 Rising Incidence of Preterm Births

                             6.1.2 Increasing Awareness for Prenatal and Neonatal Care

                             6.1.3 Investment from Key Players in Development of Innovative Prenatal Diagnostics and Monitoring Devices

                             6.1.4 Government Initiatives to Provide Better Care for Prenatal and Neonatal Infants

              6.2 Restraints

                             6.2.1 Low Birth Rates in Developed Countries

                             6.2.2 Lack of Awareness and Economic Constraints in Developing Countries

              6.3 Opportunities

              6.4 Key Challenges

7. Market Segmentation

              7.1 By Product Type

                             7.1.1 Prenatal and Fetal Equipment

                                  Ultrasound and Ultrasonography Devices

                                  Fetal Doppler

                                  Fetal Magnetic Resonance Imaging (MRI)

                                  Fetal Heart Monitors

                                  Fetal Pulse oximeters


                             7.1.2 Neonatal Equipment

                                  Infant Warmers and Incubators

                                  Phototherapy Equipment

                                  Respiratory Assistance

                                                 Neonatal Ventilators

                                                 Continuous Positive Airway Pressure (CPAP) Devices

                                                 Oxygen Analyzers and Monitors


                                  Monitoring Devices

                                                 Blood Pressure Monitors

                                                 Cardiac Monitors


                                                 Integrated Monitoring Devices



              7.2 By Geography

                             7.2.1 North America

                                  United States



                                  Rest of North America

                             7.2.2 Europe



                                  United Kingdom



                                  Rest of Europe

                             7.2.3 Asia-Pacific




                                  Australia & New Zealand

                                  South Korea

                                  Rest of Asia-Pacific

                             7.2.4 Middle East & Africa


                                  South Africa

                                  Rest of the Middle East & Africa

                             7.2.5 South America



                                  Rest of South America

8. Competitive Landscape

              8.1 Mergers & Acquisition Analysis

              8.2 Agreements, Collaborations, and Partnerships

              8.3 New Products Launches

9. Key Players

              9.1 Becton, Dickinson and Company

              9.2 Cooper Surgical, Inc.

              9.3 Dragerwerk AG & Co. KGaA

              9.4 Fisher & Paykel Healthcare Limited

              9.5 FUJIFILM SonoSite, Inc.

              9.6 General Electric Company

              9.7 Koninklijke Philips N.V.

              9.8 Medtronic

              9.9 Natus Medical Incorporated

              9.10 Siemens AG

              *List not Exhaustive

10. Future of the Market

11. Disclaimer

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