Global Fetal and Neonatal Care Equipment Market is to hit a value of USD 9.24 bi

Posted by rohan on February 12th, 2018

The Global Fetal and Neonatal Care Equipment Market was worth USD 6.71 billion in 2017, and is expected to grow at a CAGR of 6.6%, to reach USD 9.24 billion by 2022. Fetal care equipment is used for monitoring or managing the health issues of mother and fetus before or during pregnancy whereas Neonatal care equipment is used to take care of ill or immaturely born infants. Trained health care professionals with the help of advanced equipment can provide extensive care for the little patient.

Prenatal care or fetal care equipment majorly consists of equipment required to scan or detect the condition of fetus in the womb. Postnatal or Neonatal care equipment consists of equipment such as incubators, monitoring devices and respiratory devices to aid the infant in the early stages of its life especially in the case of birth complications such as less weight, infections and other diseases.

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Increasing occurrence of premature child births and caesarean deliveries are increasing the complications in child birth. Government initiatives to reduce infant mortality rates, increasing hospital acquired diseases and induced fertility are propelling the market growth of fetal and neonatal care equipment. Availability of sophisticated technology and increasing in demand for mobile medical units are also expected to drive the market. High birth control in developed countries and lack of sufficient health care infrastructure in developing countries are restraining the market growth.

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The Fetal and Neonatal Care Equipment Market is categorized based on product type, end user and region. Based on product type, the market is categorized into fetal care and neonatal care equipment. Neonatal care equipment is the largest market segment due to the technological advancements such as remote patient monitoring devices which can be used from home whereas fetal care equipment is the fastest growing segment due to the increasing awareness among people. Fetal care equipment market is further categorized into Fetal Dopplers, ultrasound devices, Fetal Monitors, Fetal MRI systems and Fetal Pulse Oximeters. Fetal monitors hold the largest market share as they are used to constantly monitor the heart rate of fetus and contractions in labor. Neonatal Care Equipment is also further categorized into Incubators, Infant warmers, Respiratory devices, Phototherapy equipment and Neonatal monitoring devices. Respiratory devices are the largest market segment as almost all the babies are prone to some difficulty in respiration after birth. Based on end users, the market is categorized into Hospitals and Clinics.

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