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.
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.
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)
o Respiratory Devices
o Phototherapy Devices
o Infant Warmer
o Fetal Doppler
o Fetal MRI System
o Fetal Monitor
o Fetal Pulse Oximeter
o Ultrasound Device
End Use (Revenue, USD Million; 2017–2027)
Regional Outlook (Revenue in USD Million; 2017–2027)
Fetal (Labor & Delivery) And Neonatal Care Market Dynamics
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.
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.
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About the AuthorElena Smith
Joined: December 30th, 2019
Articles Posted: 314
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