The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s fetal and neonatal monitoring devices market report forecasts the fetal and neonatal monitoring devices market size to grow to $9.31 Billion by 2027, with a CAGR (compound annual growth rate) of almost 4%.

Learn More On The Fetal And Neonatal Monitoring Devices Market Report 2023 – https://www.thebusinessresearchcompany.com/report/fetal-and-neonatal-monitoring-devices-global-market-report

Fetal And Neonatal Monitoring Devices Market Size Forecast

The global fetal and neonatal monitoring devices market is expected to grow from $7.62 billion in 2022 to $8 billion in 2023 at a compound annual growth rate (CAGR) of 4.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The fetal and neonatal monitoring devices market size is expected to grow to $9.31 billion in 2027 at a CAGR of 3.9%.

Asia-Pacific held the largest fetal and neonatal monitoring devices market share.

Key Fetal And Neonatal Monitoring Devices Market Driver ­– Increase In The Prevalence Of Preterm Births And The Low Body Weight Of Infants

According to World Health Organization (WHO), around 1 million babies die each year and preterm birth was found to be one of the top reasons for the deaths. According to the report by WHO, nearly 15 million babies are born preterm every year and this number is expected to have a continuous rise shortly. The increasing prevalence and need to reduce the infant mortality rates with improving healthcare conditions drives the fetal and neonatal monitoring devices market. For instance, according to the Centers for Disease Control and Prevention (CDC), in 2021 the preterm birth rate in American women was 10.5%.

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Key Fetal And Neonatal Monitoring Devices Market Trend – Innovating And Integrating Technologies

Fetal and neonatal monitoring device manufacturers are increasingly innovating and integrating technologies such as wireless technology with patient monitoring devices to efficiently diagnose and monitor fetuses and newborns. Wireless sensor technology such as biosensor monitoring devices, wireless fetal heart rate monitoring devices is multi-sensor systems implanted or embedded into the skin, consisting of a sensor that transmits data for real-time monitoring of a patient’s medical condition. For instance, the National Institute of Neurological Disorders and Stroke developed SARA, a scanning device that can detect fetal brain activity with the help of flashes of light transmitted through the mother’s abdomen. Philips developed a new cordless fetal monitoring device that helps in ensuring the safety of the mother as well as the child without any inconvenience and risk. These technological innovations eliminate poor reception of observation and help caregivers in monitoring more efficiently.

Fetal And Neonatal Monitoring Devices Market Segment

1) By Equipment: Fetal, Neonatal

2) By End User: Hospitals, Diagnostic centers, Pediatric Clinics, Ambulatory Surgical Centers

3) By Portability: Portable, Non-Portable

4) By Fetal Care Equipment Type: Ultrasound Devices, Fetal Dopplers, Fetal MRI Systems, Fetal Monitors, Fetal Pulse Oximeters

5) By Neonatal Care Equipment Type: Infant Warmers, Incubators, Convertible Warmers & Incubators, Phototherapy Equipment, Respiratory Devices, Neonatal Monitoring Devices, Diagnostic Imaging Devices

Fetal And Neonatal Monitoring Devices Market Major Players and Strategies

Major players in the fetal and neonatal monitoring devices market are GE Healthcare, Fisher & Paykel Healthcare Limited, Philips Healthcare, Atom Medical Corporation, Natus Medical Incorporated, Analogic Corporation, Phoenix Medical Systems (P) Ltd., Becton Dickinson, Masimo Corporation, and Drägerwerk AG & Co. KGAA.

In January 2021, Medtronic PLC., received Class II recall notice from the Food and Drug administration for its Neonatal valves due to problematic design. The faulty device resulted in shunt malfunction in certain cases.

The Fetal And Neonatal Monitoring Devices Global Market Report 2023 covers regional data on fetal and neonatal monitoring devices market size, fetal and neonatal monitoring devices market trends and drivers, opportunities, strategies, and fetal and neonatal monitoring devices market competitor analysis. The countries covered in the fetal and neonatal monitoring devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Fetal and neonatal monitoring devices are used to assess the fetal heart rate and contractions of the uterus during pregnancy and childbirth.

View More Reports Related To The Fetal And Neonatal Monitoring Devices Market –

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Point-Of-Care Diagnostics Devices And Equipment Global Market Report 2023

Diagnostic Imaging Equipment Global Market Report 2023

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