Market Trends of MEA Fetal & Neonatal Monitoring Industry
Cardiac Monitors Under Neonatal Monitoring Segment is Expected to Have Highest CAGR in the Market Over the Forecast Period
- Cardiac monitoring is a useful, noninvasive diagnostic tool to monitor the wide array of neonatal patient conditions in emergency departments. These cardiac monitors are used to measure the heart rate in neonates. The major factors that drive the growth of the segment are increasing preterm or low birth weight, which leads to alterations in heart rate. In addition, the new government initiatives in the region are expected to boost the market over the study period.
- According to the study report published by Frontiers in Global Women's Health in June 2022, over 9 times more African babies than European babies are in danger of dying as a result of premature delivery complications. These complications include abnormal heart rate, which should be monitored using cardiac monitoring devices to avoid the premature death of neonates. In addition, as per the same above source, preterm birth was prevalent among women admitted for labor at the Komfo Anokye Teaching Hospital, Ghana. Hence, to avoid deaths and monitor heart complications in highly prevalent premature neonates, there is an increased demand for cardiac monitors, which is expected to boost the market growth over the study period.
- Furthermore, the new partnerships among the market players are expected to drive the market due to the widespread applications in the region. For instance, in December 2021, med-tech startup Datos Health entered a partnership with the Heart Institute at Sheba Medical Center's Safra Children's Hospital, Israel, to offer remote home monitoring of pediatric cardiac patients in medically underserved communities. Thus, the new partnerships help to increase the cardiac monitoring applications to various healthcare facilities, which are expected to propel the growth of the market over the forecast period.
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South Africa is Expected to Have Highest CAGR in the Market Over the Forecast Period
- South Africa has made significant strides toward lowering maternal and infant fatalities using various healthcare developments that involve monitoring devices. The increasing adoption of various fetal and neonatal monitoring devices, along with increasing preterm or low birth weight babies in the country, likely increases the demand for monitoring devices and is expected to drive the growth of the market over the study period.
- Furthermore, the high risk of birth defects in the country is expected to increase the demand for monitoring devices. For instance, the meta-analysis report published by SAGE Open Medicine in September 2022 reported that the pooled prevalence of omphalocele and gastroschisis in sub-Saharan Africa is high. Therefore, perinatal screening programs for congenital malformations ought to be put in place that likely raise the demand for fetal and neonatal monitoring devices and boost the market over the forecast period.
- Moreover, premature and newborn deaths are high in the country, which can be managed using monitoring of devices in healthcare facilities. For instance, as per the report published by the World Health Organization (WHO) in January 2022, Sub-Saharan Africa has the highest neonatal mortality rate in the world. Compared to children born in high-income nations, children born in sub-Saharan Africa have a 10-fold higher risk of dying within the first month of life. Hence, the efficient usage of monitoring devices decreases neonatal deaths, which is expected to boost the market over the forecast period.
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