Fetal (Labor & Delivery) And Neonatal Care Market Share and Forecast to 2027

Posted by Elena Smith on December 3rd, 2020

Fetal (Labor & Delivery) And Neonatal Care Market: An Overview

According to the recent analysis of Reports and Data, the global Fetal (Labor & Delivery) and Neonatal Care Market size was valued at USD 6.74 billion in 2019 and is predicted to surpass a valuation of USD 10.33 billion by the year 2027, at a CAGR of 5.5%. Maternity care and infant safety are top healthcare priorities everywhere the planet . With technological and infrastructural advancements in healthcare sector across the world , the marketplace for fetal and neonatal care is growing. The efficacy of neonatal products and services may be a crucial for the security during childbirth. consistent with WHO, globally per annum quite one out of seven births which adds up to twenty million infants born worldwide with low birthweight.

Competitive Landscape:

Some of the prominent players in the Fetal (Labor & Delivery) and Neonatal care equipment are GE Healthcare (U.K.), Philips Healthcare (Netherlands), Drägerwerk AG & Co. KGaA (Germany), Medtronic plc (Ireland), and Masimo Corporation (U.S.).

With rising government investment in healthcare, mounting consolidation among healthcare providers, and resource sharing, quality healthcare services for fetal (labor & delivery) and neonatal care is becoming more possible. the increase within the demand for diagnosis , especially within the trimester of pregnancy, is contributing towards the advancement of ultrasound procedures and fetal resonance imaging (MRI) tests for assessment of the condition of the fetus. The market has recorded greater potential for the neonatal products that permits faster deciding and assists in delivering enhanced patient care in Neonatal medical care Unit and emergency departments.

Fetal (Labor & Delivery) And Neonatal Care Market: Segmentation

For the purpose of this report, Reports and Data has segmented the Neonatal and Fetal (Labor & Delivery) Care Market on the basis of product, end use, and region:

Product Type (Revenue, USD Million; 2017–2027)

  • Neonatal Care Equipments

o    Respiratory Devices

o    Phototherapy Devices

o    Incubator

o    Infant Warmer

o    Ventilator

o    Resuscitator

  • Fetal Care Equipments

o    Fetal Doppler

o    Fetal MRI System

o    Fetal Monitor

o    Fetal Pulse Oximeter

o    Ultrasound Device

End Use (Revenue, USD Million; 2017–2027)

  • Hospitals
  • Clinics
  • Others

Regional Outlook (Revenue in USD Million; 2017–2027)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa (MEA)

Fetal (Labor & Delivery) And Neonatal Care Market Dynamics

Proper neonatal care is of utmost significance to beat the danger of hospital acquired infections. Maternal and infant care receives support from non-profit organizations like the United Nations Foundation and the UNICEF (United Nations International Children Emergency Funds). UNICEF and the World Health Organization  estimates that nearly 30 million sick and premature newborns need specialized care to survive.

Mortality rates associated with childbirth related complications remains an enormous challenge in healthcare sector across developed and developing nations. As a result, efficient fetal and neonatal healthcare plan is in much demand in the hospitals and clinics. Consequently, several public and non-profit organizations are performing healthcare infrastructure development and working to increase awareness about neonatal care. As an example, in 2019, International Global Health Initiative launched its Nest360° program that's designed to facilitate the use of latest technology, infrastructure and training to scale back rate of new-born deaths.

Factors like the growing number of NICU and increasing awareness about fetal and neonatal care in developing regions is predicted to extend the expansion of fetal and neonatal equipment market over the forecast period. NICUs are to be equipped with advanced technology and trained healthcare professionals. Consequently, leading fetal (labor & delivery) and neonatal care market players are employing innovative efforts on providing products and services which will streamline rapid diagnostics, enhance medical imaging quality, and increased safety, efficacy and reliability for neonatal and maternal care.

Fetal (Labor & Delivery) And Neonatal Care Market: Regional Outlook

Rising investments for healthcare infrastructure development in emerging nations, supports the adoption of pediatric healthcare equipment in hospitals and clinics. The main target is providing better and effective healthcare facilities to mothers and child. Additionally, rising awareness programs for the development of fetal care & neonatal care is among a key factor propelling the fetal (labor & delivery) and neonatal care market in developing nations.

North America held the most important regional market share for the global fetal (labor & delivery) and neonatal care market at almost 41.1% and expected to witness an elevated growth in upcoming years, owing to the increased number of lifestyle related pregnancy complications within the region and a surge in preterm birth rate.

Asia Pacific is projected to register a lucrative revenue growth for fetal and neonatal care market during 2020-2027, on account of the rising birth rate, growing awareness about the advanced medical facilities among both patients & physicians, and launch of new and enhanced products & services for neonatal & fetal care in the region. However, the developing countries often face critical inaccessibility to healthcare equipment which might successively bent be a serious obstacle for the expansion of this business in these countries.

Impact of COVID-19 on Fetal (Labor & Delivery) And Neonatal Care Market:

In December 2019, the novel coronavirus disease (COVID-19) firs made its appearance in Wuhan and with an unprecedented rate of contagion, spread across the globe, leading to more than 2 million confirmed cases by mid-April, 2020. Currently, evidence shows that pregnant women who contract COVID-19 are not at a higher risk of severe complications when compared to healthy non-pregnant women. But, studies and reports show that maternal comorbidities are on the rise and that a substantial segment of the population of pregnant women will witness an increased risk of contracting COVID-19. At present it is believed that COVID-19 does not cause any issues with fetal development but may increase the risk of preterm birth increasing the demand in fetal (labor & delivery) and neonatal care market. A review of 23 studies assessing effects of COVID-19 in pregnancy, reported preterm delivery rate of 47%. Given the projected increase in the cases of COVID-19 in the coming months, it is reasonable to assume that preterm deliveries will also increase necessitating increased facilities for fetal and neonatal care.

Report Highlights:

  • Detailed overview of the market
  • Evolving fetal (labor & delivery) and neonatal care market dynamics
  • In-depth fetal (labor & delivery) and neonatal care market classification
  • Historical, present, and anticipated fetal (labor & delivery) and neonatal care market size and share in terms of volume and value
  • Recent fetal (labor & delivery) and neonatal care market trends and advances
  • Competitive landscape
  • Strategies adopted by key players and products portfolio
  • Segments, sub-segments, and geographic regions exhibiting growth prospects
  • A neutral and global perspective on fetal (labor & delivery) and neonatal care market performance

Read More @ https://www.reportsanddata.com/report-detail/fetal-labor-and-delivery-and-neonatal-care-market

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Elena Smith

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Elena Smith
Joined: December 30th, 2019
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