Fetal Neonatal Care Equipment Market worth $8.61 Billion by 2020
Fetal Neonatal Care Equipment Market is estimated at $6.28 Billion in 2015 and is poised to grow at a CAGR of 6.5% during the forecast period, to reach $ 8.61 Billion by 2020. A number of factors such as the increasing prevalence of hospital acquired infections in newborn babies and huge patient populations of preterm & low weight birth babies in both developed and developing markets demand for neonatal care equipment are stimulating the growth of the neonatal care equipment market.
The statistics are evaluated by the report “Fetal (Labor & Delivery) and Neonatal Care Equipment Market Ultrasound, Doppler, Monitors (Intrapartum & Antepartum), Warmer, Incubator, Pulse Oximeter, Phototherapy/Jaundice Management Devices, CPAP, Capnograph, & Resuscitator) – Global Forecast to 2020”, analyzes and studies the major market drivers, restraints, opportunities, and challenges in North America, Asia-Pacific, Europe, and Rest of the World.
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The global fetal and neonatal care equipment market is broadly categorized into two segments, namely, fetal (labor & delivery) care equipment and neonatal care equipment. The fetal (labor & delivery) care equipment market includes ultrasound devices, fetal doppler, fetal magnetic resonance imaging (MRI) systems, fetal monitors (further classified into antepartum/external fetal monitors and intrapartum/internal fetal monitors), and fetal pulse oximeters. The neonatal care equipment market includes infant warmers, incubators, convertible warmers & incubators, phototherapy equipment, respiratory devices, and neonatal monitoring devices. Phototherapy equipment segment is divided into, conventional phototherapy, and fiber-optic phototherapy. Respiratory devices are classified into, neonatal ventilators, CPAP devices, oxygen analyzers and monitors, resuscitators, and others (including, apnea monitor, oxygen hood, nasal masks, feeding tubes, and nasal cannula). Neonatal monitoring devices segment is categories into, blood pressure monitors, cardiac monitors, pulse oximeters, capnographs, and integrated monitoring devices.
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As of 2015, North America (comprising the U.S. and Canada) held the largest share of the global fetal and neonatal care equipment market. A number of factors such as the presence of a better reimbursement structure, the availability of experts (neonatologists) and well-equipped NICU (Neonatal Intensive-Care Unit) centers are driving the growth of the fetal and neonatal care equipment market in North America. However, the Asia-Pacific fetal and neonatal care equipment market is expected to witness the highest growth in the forecast period. Rising initiatives by various private and government organizations for conducting awareness programs to improve neonatal care and increasing births in Asia-Pacific countries are some of the major factors growing the demand for fetal and neonatal care equipment in the Asia-Pacific region.
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The major players in the global fetal and neonatal care equipment market include GE Healthcare (U.K.), Philips Healthcare (Netherlands), Drägerwerk AG & Co. KGaA (Germany), Medtronic plc (Ireland), and Masimo Corporation (U.S.).
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