Fetal And Neonatal Care Equipment Market Forecast and Analysis: Key Insights into Growth, Trends, and Emerging Opportunities
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How Will the Growth Rate of the Fetal And Neonatal Care Equipment Market Shape Industry Trends by 2034?
In recent years, the fetal and neonatal care equipment market has demonstrated substantial growth. The market is projected to expand from $8.35 billion in 2024 to $8.99 billion in 2025, with a compound annual growth rate (CAGR) of 7.6%. The historical growth has been driven by factors such as increasing prevalence of preterm births, heightened awareness about maternal health, enhancements in healthcare infrastructure, growth in disposable income, government initiatives, and a rise in complications.
The market for fetal and neonatal care equipment is projected to experience substantial expansion in the coming years. The market value is set to reach $11.95 billion by 2029, with a compound annual growth rate (CAGR) of 7.4%. The predicted growth over this period is due to factors such as the broadening reach of telemedicine, increasing emphasis on preventive healthcare and personalized medicine, burgeoning markets, improved data analytics, and amplified investments in research and development. Key trends for the forecast period encompass the incorporation of the Internet of Things (IoT), progress in wearable technology, advancements in imaging technology, an uptick in minimally invasive procedures, smart monitoring systems, concentration on designs that are user-friendly, and customized neonatal care.
What Strategic Factors Are Influencing the Accelerated Growth of the Fetal And Neonatal Care Equipment Market?
The increase in premature birth rates is anticipated to drive the expansion of the fetal and neonatal care equipment market in the future. Premature birth means delivering a baby before 37 weeks of gestation have been completed. The escalation in premature birth rates is correlated with older maternal age, which carries with it a greater risk of complications, and chronic health conditions in mothers such as diabetes, hypertension, obesity, and infections, all of which can lead to premature labor and delivery. Fetal and neonatal care machines enhance health outcomes for premature babies while providing vital tools for healthcare professionals to monitor vital signs, dispense essential treatments, and guard the safety and health of newborns in intensive care. To illustrate, the Office for National Statistics, a UK-based statistical authority, reported in May 2024 that the percentage of early live births increased to 7.9% in 2022, up from 7.5% in 2021. Consequently, the growing rate of premature births will stimulate the expansion of the fetal and neonatal care equipment market.
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Who Are the Key Market Players Influencing the Growth of the Fetal And Neonatal Care Equipment Industry?
Major companies operating in the fetal and neonatal care equipment market are Cardinal Health, Medtronic PLC, Becton Dickinson and Company, Koninklijke Philips N.V., Stryker Corporation, GE Healthcare, B. Braun Melsungen AG, Olympus Corporation, Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Drägerwerk AG And Co KGaA, ResMed Inc., Canon Medical Systems Corporation, Masimo Corporation, Nihon Kohden Corporation, Fisher And Paykel Healthcare Limited, C.R. Bard Inc., Contec Medical Systems Co. Ltd., Natus Medical Incorporated, Vyaire Medical Inc, Atom Medical Corporation, Amico Corporation, Mennen Medical Ltd, Phoenix Medical Systems Pvt Ltd, Utah Medical Products Inc, CareFusion Corporation
What Key Market Trends Are Shaping the Future of the Fetal And Neonatal Care Equipment Industry?
Prominent players in the fetal and neonatal care equipment market are prioritizing the development of updated technological solutions, such as the wireless maternal and fetal monitoring solution, to deliver reliable aid for preterm and high-risk pregnancies. These wireless maternal and fetal monitoring solutions offer non-invasive tracking and display of fetal heart rate, maternal heart rate, and uterine activity. For instance, in February 2024, US medical technology company, GE HealthCare Technologies Inc., received 510(k) clearance from the United States Food and Drug Administration (FDA) for their Novii+ Wireless Patch Solution. This solution is crafted for monitoring the health status of both the mother and the fetus starting from 34 weeks of gestation, improving its earlier indication starting from 37 weeks. It consists of a wireless, belt-free patch which non-invasively monitors fetal heart rate, maternal heart rate, and uterine activity. The wireless design offers mothers the freedom to remain mobile and active during labor, possibly shortening the duration of labor and enhancing comfort.
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Which Industry Segments Are Leading the Development and Expansion of the Fetal And Neonatal Care Equipment Market?
The fetal and neonatal care equipmentmarket covered in this report is segmented –
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
Subsegments:
1. By Fetal Care Equipment: Fetal Monitoring Equipment, Ultrasound Equipment, Fetal Surgery Equipment, Fetal Diagnostics Equipment, Fetal Assessment Systems
2. By Neonatal Care Equipment: Incubators, Phototherapy Equipment, Respiratory Support Equipment, Neonatal Monitoring Equipment, Feeding Equipment, Suction Devices, Transport Incubators
Which Regions Are Emerging as Leaders in the Fetal And Neonatal Care Equipment Market?
North America was the largest region in the fetal and neonatal care equipment market in 2024. 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.
What Defines the Scope of the Fetal And Neonatal Care Equipment Market?
Fetal and neonatal care equipment refers to a range of medical devices and tools designed to monitor, diagnose, treat, and support the health of fetuses and newborn infants. This equipment is essential in ensuring the well-being of babies during pregnancy, labor, delivery, and the neonatal period, especially for those who are premature or have medical complications.
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