Fetal and Neonatal Care Equipment Market Share 2021 Growth Challenges, Opportunities and Future Trends 2027
The global fetal and neonatal care equipment market is anticipated to grow at a considerable CAGR during the forecast period (2020-2026). The market growth is mainly attributed to the increase in the number of preterm and low-weight birth infants, the advancement of technology for infants and maternal along with affordability, and favorable efforts by the government to increase survival rates. According to World Health Organization (WHO), around 2.4 million children deceased within 28 days of birth in 2019.
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Moreover, there are 7000 newborn fatalities every
day. India had the highest number of newborn fatalities in 2019, with 520,000,
followed by Nigeria and Pakistan with 270,000 and 248,000 fatalities
respectively. In 2019, Sub-Saharan Africa had the highest neonatal mortality
rate, with 27 fatalities out of 1,000 live births. Such fatality rates among
babies will lead to an increased demand for the fetal and neonatal care
equipment market.
Further, fetal monitoring is an important technique
that elucidates the state of a fetus in the mother’s uterus. Fetal heart rate,
blood flow, movement, and coordination of fetus, and other characteristics of a
healthy fetus can be easily understood and studied through fetal monitoring.
The Society for Maternal-Fetal Medicine (SMFM) states that the utilization of
electronic fetal heart rate monitoring is associated with a significant
decrease in neonatal morbidity and early neonatal and infant mortality.
In addition, according to the WHO, in low and
middle-income countries, almost 10% of girls attain motherhood by the age of 16
years, with the highest rates in sub-Saharan Africa and south-central and
south-eastern Asia. Pregnancy in adolescence could lead to complications both
for mother and baby. Hence, stillbirths and death in the first week of life are
50% greater among infants born to mothers younger than 20 years than among
babies born to mothers aged 20 to 29 years old. However, a rise in awareness
pertaining to fetal monitoring and its importance is anticipated to drive the
fetal and neonatal market growth.
Market Coverage
·
Market number available for – 2019-2026
·
Base year- 2019
·
Forecast period- 2020-2026
·
Segment Covered- By Product
·
Regions Covered- North America, Europe, Asia-Pacific,
Rest of the World
·
Competitive Landscape- Atom Medical Corp., BD, Drägerwerk
AG & Co. KGaA, GE Healthcare, and Koninklijke Philips N.V.
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Global Fetal and Neonatal Care Equipment Market Report Segment
By Product
Fetal Care Equipment
·
Fetal Doppler Devices
·
Fetal MRI Systems
·
Fetal Pulse Oximeters
·
Fetal Ultrasound Devices
·
Others
Ø
Neonatal Care Equipment
·
Incubators
·
Neonatal Monitoring Devices
Neonatal Phototherapy Equipment
·
Respiratory Care Devices
Global Fetal and Neonatal Care Equipment Market Report Segment by Region
North America
·
United States
·
Canada
Europe
·
UK
·
Germany
·
Spain
·
France
·
Italy
·
Rest of Europe
Asia-Pacific
·
India
·
China
·
Japan
·
South Korea
·
Rest of APAC
Rest of the World
·
Latin America
·
Middle East and Africa
Company Profiles
·
Atom Medical Corp.
·
Becton Dickinson and Co.
·
Drägerwerk AG & Co. KGaA
·
F. Hoffmann-La Roche AG
·
Fisher & Paykel Healthcare Corp. Ltd.
·
GE Healthcare
·
Getinge AB
·
Koninklijke Philips N.V.
·
Mallinckrodt Pharmaceuticals
·
Masimo
·
Medtronic Plc
·
Natus Medical Inc.
·
Nonin Medical, Inc.
·
OSI Systems, Inc.
·
Phoenix Medical Systems
·
Siemens AG
·
Spacelabs Healthcare
·
Utah Medical Products, Inc.
·
VYAIRE MEDICAL INC.
·
Welch Allyn, Inc.
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