Future Outlook of the Fetal And Neonatal Care Equipment Market: Growth, Trends, and Emerging Opportunities Explored
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How has the fetal and neonatal care equipment market grown in recent years?
The fetal and neonatal care equipment market has experienced strong growth recently, projected to increase from $8.35 billion in 2024 to $8.99 billion in 2025 at a CAGR of 7.6%. Factors contributing to past growth include a rise in preterm births, improved maternal health awareness, advancements in healthcare infrastructure, higher disposable incomes, government initiatives, and increased incidence of complications.
How is the fetal and neonatal care equipment market size expected to evolve during the forecast period?
The fetal and neonatal care equipment market is set for strong growth, reaching $11.95 billion by 2029 at a CAGR of 7.4%. Growth factors include telemedicine expansion, a focus on preventive healthcare, personalized medicine, emerging market growth, enhanced data analytics, and higher R&D investments. Key trends involve IoT integration, wearable device innovations, imaging technology advancements, minimally invasive procedures, smart monitoring systems, user-friendly designs, and personalized neonatal care.
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Which key drivers are propelling the fetal and neonatal care equipment market’s growth?
The increasing rate of premature births, influenced by maternal age and chronic health issues such as diabetes, hypertension, and obesity, is driving the fetal and neonatal care equipment market. This equipment enhances health outcomes for premature infants by aiding in monitoring vital signs and administering treatments. According to the Office for National Statistics in May 2024, the percentage of preterm live births in the UK increased from 7.5% in 2021 to 7.9% in 2022. Consequently, the rising prevalence of premature births is fueling the demand for fetal and neonatal care equipment.
What are the market segments in the fetal and neonatal care equipment industry?
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
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Which leading companies are shaping the growth of the fetal and neonatal care equipment market?
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 trends are currently impacting the fetal and neonatal care equipment market’s development?
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 geographic areas are influencing the growth of 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.
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