Market Research Future (MRFR) in their recent study on the fetal and neonatal care equipment market revealed the possibilities for the market to attain a 6.8% CAGR during the forecast period (2018-2023). The fetal and neonatal care equipment market would leap from the previous valuation of USD 5,103 million in 2017 to surpass the anticipated valuation by the end of 2023. Global healthcare attention on the newborn babies is benefitting much from the technological advancements made in the healthcare sector. Fetal and neonatal care equipment are there to provide the best possible care to the newborns. Sophisticated and advanced in application, these equipment are finding it easy to percolate through diverse healthcare systems to provide maximum opportunity and support to physicians and medical practitioners.
Among many factors, the fetal and neonatal care equipment market is going to receive the maximum support from government and private investors. The increasing number of child population and mothers contracting infections from various sources such as pollution and other health hazards are giving rise to the regional market growth owing to which the fetal and neonatal care equipment market can have good prospects on the card in the coming years.
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Segmental Overview
The segmental analysis of the global fetal and neonatal care equipment market has been conducted on the basis of end user, product, and type.
Based on end user, the market has been segmented into fertility centres, hospital & clinics and others.
On the basis of product, the market has been segmented into neonatal phototherapy equipment, convertible warmers & incubators, neonatal monitoring devices, infant warmers, neonatal diagnostic imaging devices, neonatal incubators, and respiratory care devices. The neonatal phototherapy equipment segment is further sub-segmented into fiber-optic phototherapy and conventional phototherapy. The neonatal monitoring devices segment is further sub-segmented into cardiac monitors, capnographs, integrated monitoring devices, blood pressure monitors, extracorporeal membrane oxygenation systems and pulse oximeters. Infant warmers segment is further sub-segmented into non-electric warmers and electric warmers. The neonatal diagnostic imaging device segment is further sub-segmented into X-ray imaging systems, ultrasound systems and others. The respiratory care devices segmented is further sub-segmented into resuscitators, continuous positive airway pressure devices, neonatal ventilators and others.
Based on type, the market has been segmented into fetal pulse oximeters, fetal MRI systems, fetal monitors, fetal doppler devices, and fetal ultrasound devices. The fetal monitors segment is further sub-segment into intrapartum fetal monitors and antepartum fetal monitors.
Regional Insights
The fetal and neonatal care equipment market span across regions namely, Europe, America, Asia-Pacific, and the Middle East & Africa.
Considering the global scenario, the American region is considered to dominate the fetal and neonatal care equipment market. The growth is credited to the rising R&D budgets by the commercial as well as government biotechnological and pharmaceutical companies. Moreover, with the surging adoption of advanced technologies, the market in this region is likely to boost.
Europe is predicted to occupy the second position due to the availability of funding for research in the European nations along with the presence of strong academic and research base.
The Asia Pacific region is estimated to expand at the fastest rate due to the increased neonatal population, improved healthcare infrastructure, and rising mortality rate of neonates. For instance, as per data published by UNICEF, the neonatal mortality rate was 24% in 2017 in India.
Competitive Landscape:
Prominent players, as per the MRFR report, in the global fetal and neonatal care equipment market are Natus Medical Incorporated, Vyaire Medical Inc., Fisher & Paykel Healthcare Limited, Phoenix Medical Systems Pvt. Ltd., Toitu Co., Ltd., Cardinal Health, Drägerwerk AG & Co. KGaA, GE Healthcare, Philips Healthcare, Masimo Corporation, Medtronic Plc, Arjo, Edan Instruments, Inc., Atom Medical Corporation, Utah Medical Products, Inc., and others. These companies are deploying strategic moves that include new product launch, mergers, acquisitions, and collaborations that assist in the expansion of the fetal and neonatal care equipment market boundary.
Industry News:
In March 2019, Kyotera and Rakai districts of Uganda got its first ever neonatal intensive care units.
In September 2018, India’s leading Women & Childrens’ Hospital, Apollo Cradle, has announced the introduction of ‘Advanced Technology Neonatal Intensive Care Unit' (eNICU).
Table of Contents:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.1.1 Bargaining Power of Suppliers
5.1.2 Bargaining Power of Buyers
5.1.3 Threat of New Entrants
5.1.4 Threat of Substitutes
5.1.5 Intensity of Rivalry
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