2024-2033 Fetal And Neonatal Care Equipment Market: Key Insights on Growth Opportunities
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What is the Expected Growth Trajectory for the Fetal And Neonatal Care Equipment Market by 2033?
The fetal and neonatal care equipment market is set to grow from $7.78 billion in 2023 to $8.35 billion in 2024 at a CAGR of 7.3%, driven by factors such as rising preterm births, growing awareness of maternal health, improved healthcare infrastructure, increased disposable income, government initiatives, and rising incidence of complications.
The fetal and neonatal care equipment market is expected to experience strong growth, reaching $11.14 billion by 2028, with a CAGR of 7.5%. The forecasted growth is driven by the expansion of telemedicine, a focus on preventive healthcare, personalized medicine, growth in emerging markets, better data analytics, and increased R&D investment. Trends include IoT integration, wearable devices, advancements in imaging technology, minimally invasive procedures, smart monitoring systems, and personalized neonatal care.
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What Factors Are Leading to Growth in the fetal and neonatal care equipment Market?
The growth of the fetal and neonatal care equipment market is expected to be driven by the rising prevalence of premature births. Premature birth, defined as the birth of a baby before 37 weeks of gestation, is on the rise due to factors like advanced maternal age and health issues in mothers, such as diabetes, hypertension, obesity, and infections, which contribute to preterm labor and delivery. Fetal and neonatal care equipment plays a crucial role in improving health outcomes for premature infants by enabling healthcare providers to monitor vital signs, administer treatments, and ensure newborn safety in intensive care settings. For example, in May 2024, the UK Office for National Statistics reported that preterm live births increased to 7.9% in 2022, up from 7.5% in 2021. Therefore, the growing number of premature births is expected to drive the fetal and neonatal care equipment market.
Which Segments Play a Key Role in Understanding the Fetal And Neonatal Care Equipment Market?
1) By Type: Fetal Care Equipment, Neonatal Care Equipment
2) By Portability: Portable Devices, Non-Portable Devices
3) By End-User: Hospitals, Diagnostics Centers, Clinics, Other End-Users
What Trends Are Emerging as Game-Changers in the Fetal And Neonatal Care Equipment Market?
Leading companies in the fetal and neonatal care equipment market are focusing on creating advanced solutions, such as wireless maternal and fetal monitoring systems, to offer reliable care for preterm and high-risk pregnancies. These solutions monitor and display fetal heart rate, maternal heart rate, and uterine activity noninvasively. For example, in February 2024, GE HealthCare Technologies Inc., based in the US, received 510(k) clearance from the FDA for the Novii+ Wireless Patch Solution. This solution, designed for monitoring maternal and fetal health from 34 weeks of pregnancy, extends its previous indication, which was from 37 weeks. The wireless patch allows mothers to move freely, potentially reducing labor duration and increasing comfort.
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Which Regions Are Setting the Pace for Fetal And Neonatal Care Equipment Market Growth?
North America was the largest region in the fetal and neonatal care equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fetal and neonatal care equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Fetal And Neonatal Care Equipment Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the fetal and neonatal care equipment market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Fetal And Neonatal Care Equipment Market Include
1. Fetal And Neonatal Care Equipment Market Executive Summary
2. Fetal And Neonatal Care Equipment Market Segments
3. Fetal And Neonatal Care Equipment Market Size And Template Market Growth Rate
4. Key Fetal And Neonatal Care Equipment Market Trends
5. Major Fetal And Neonatal Care Equipment Market Drivers
……
25. Key Mergers And Acquisitions In The Fetal And Neonatal Care Equipment Market
26. Top Fetal And Neonatal Care Equipment Companies
27. Fetal And Neonatal Care Equipment Market Opportunities And Strategies
28. Fetal And Neonatal Care Equipment Market, Conclusions And Recommendations
29. Appendix
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