The global Fetal And Neonatal Care Equipment market size is expected to be worth around US$ 10.15 billion by 2028, according to a new report by Vision Research Reports.
The global Fetal And Neonatal Care Equipment market size was valued at US$ 6.5 billion in 2020 and is anticipated to grow at a CAGR of 6.14% during forecast period 2021 to 2028.
The market growth can be attributed to factors such as a growing birthrate in developing countries coupled with rising prevalence of associated premature births also known as preemies.
Furthermore, neonatal hospital-acquired infections such as Central Line-Associated Bloodstream Infections (CLABSI) and healthcare-associated pneumonia are additional notable factors responsible for the market growth. Various aspects such as delayed maternal age, induced fertility, and lack of proper prenatal care are considered to be major factors contributing to the birth of premature babies.
According to the WHO estimates, 15 million neonates are born annually and a million were reported to die from preterm birth complications in 2015. To address the complications associated with babies born prematurely, the demand for fetal and neonatal care equipment is expected to rise significantly. In addition, consequences of supportive government policies coupled with rapid technological advancements in modern fetal and neonatal medical equipment is expected to contribute for growth in the long term.
Based on product type, the market has been segmented into fetal care and neonatal care equipment. In 2018, ultrasound devices held the largest share in fetal care equipment owing to its increasing application to view the fetus during pregnancy. Besides, rising awareness, technological advancements, and ease in utility have further triggered the usage of portable and do-it-yourself ultrasound devices for home-use.
The fetal monitor segment is anticipated to witness the fastest growth rate during the forecast period, owing to its utility in determining the baby's heart rate during pregnancy and labor. Fetal monitoring devices are essential as it allows continuous monitoring of the baby's heart rate and contractions and assists in labor too.
In neonatal care equipment, the monitoring devices segment held the largest share in the year 2020, due to factors such as constant technological advancements in neonatal monitors including improvements in connectivity and ease-of-use in home settings.
On the other hand, respiratory devices are expected to exhibit the fastest growth rate owing to increasing demand for respiratory care in neonatal to reduce the length of hospital stay and risk of long-term disability. Nearly all newborns are prone to respiratory difficulties at birth, and neonate respiratory devices ease the process ensuring better health of the baby.
By end-use, the neonatal infant care equipment market is segmented into hospitals, diagnostic centers, and clinics & others. The hospital segment held the highest share globally in 2018 and is expected to grow at the fastest rate. Factors attributing to the largest share were the presence of latest & technologically advanced equipment to improve patient care and availability of specialists.
Clinics & others such as home care, nursing centers held the second-largest share in the overall end-use segment. Clinics deliver specialized services and are often preferred in places wherein large scale setups are not available. Clinics are expected to grow at a steady rate during the forecast period.
North America held the largest share of the global fetal and neonatal care equipment market in 2020. The U.S. accounted for a major share owing to a huge demand for technologically advanced products ensuring better healthcare delivery. The value-based healthcare model has led to the development of well-equipped NICU centers along with an increasing number of approvals for these devices from the FDA.
On the other hand, the Asia Pacific market is anticipated to register the fastest growth in the forecast period. Increasing government initiatives in developing countries such as India has established a strong demand for pediatric health equipment. For instance, the National Rural Health Mission is an initiative aimed at increasing public expenditure on health to provide better healthcare facilities to mothers and children.
Becton, GE Healthcare, Becton, Dickinson, and Company, Koninklijke Philips N.V., THE DRAGER GROUP, and Medtronic.
Fetal Care Equipment
Fetal MRI Systems
Fetal Pulse Oximeters
Neonatal Care Equipment
Convertible Warmers & Incubators
Continuous Positive Airway Pressure (CPAP) Devices
Oxygen Analyzers and Monitors
Neonatal Monitoring Devices
Blood Pressure Monitors
Integrated Monitoring Devices
Clinics & Others
The Fetal And Neonatal Care Equipment market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Fetal And Neonatal Care Equipment market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Fetal And Neonatal Care Equipment market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Fetal And Neonatal Care Equipment market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Fetal And Neonatal Care Equipment market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Fetal And Neonatal Care Equipment capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Fetal And Neonatal Care Equipment by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Fetal And Neonatal Care Equipment market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Fetal And Neonatal Care Equipment market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Fetal And Neonatal Care Equipment market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Fetal And Neonatal Care Equipment industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Fetal And Neonatal Care Equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Fetal And Neonatal Care Equipment market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Fetal And Neonatal Care Equipment market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Fetal And Neonatal Care Equipment market. These factors have benefited the growth of the global market for Fetal And Neonatal Care Equipment. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Fetal And Neonatal Care Equipment. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Fetal And Neonatal Care Equipment are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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