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According to the latest report by IMARC Group, titled “Fetal and Neonatal Care Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global fetal and neonatal care equipment market exhibited strong growth during 2015-2020. Fetal and neonatal care (FNC) equipment are a wide array of medical components utilized by doctors and physicians to treat, diagnose and consistently monitor the health of infants and fetuses. Some of the common FNC equipment include blood pressure monitors, pulse oximeters, X-ray, magnetic resonance imaging (MRI) devices, computerized tomography (CT) machines, respirators or mechanical ventilators, and heart or cardiorespiratory monitors. FNC equipment are used in the treatment of various ailments, such as birth trauma, hyperbilirubinemia, anemia, and idiopathic neonatal hepatitis.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Fetal and Neonatal Care Equipment Market:
A significant rise in the prevalence of neonatal hospital-acquired infections (HAIs) is majorly driving the global FNC equipment market toward growth. The increasing incidences and risks of obstetric and congenital complications are further fueling the demand for efficient FNC equipment. In line with this, there has been a rise in the establishment of neonatal care facilities across the globe, which is acting as another growth-inducing factor in the market. Moreover, rapid technological innovations and advancements in respiratory devices, patient monitoring, and phototherapy are contributing to the market growth. Furthermore, increasing awareness about various pre- and post-birth complications, particularly in developing nations, is creating a positive outlook for the market. Looking forward, the market is expected to grow at a CAGR of 7.12% during 2021-2026.
Market Summary:
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