According to the latest report by IMARC Group, titled “Fetal and Neonatal Care Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global fetal and neonatal care equipment market reached a value of US$ 7.7 Billion in 2021. 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 Trends:
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 7.9% during 2022-2027.
- Based on the product type, the market has been bifurcated into NICU equipment (incubators, neonatal monitoring devices, phototherapy equipment, respiratory assistance and monitoring devices, and others), and fetal care equipment and neonatal care equipment (fetal dopplers, fetal MRI devices, fetal ultrasound devices, fetal pulse oximeters, and others).
- On the basis of the end-user, the market has been divided into hospitals, diagnostic centers, clinics, and others.
- On a regional basis, the market has been categorized into North America (the United States, Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, and others), and Middle East and Africa (Turkey, Saudi Arabia, Iran, the United States and Arab, and others).
- The competitive landscape of the market has also been examined, with some of the key players being ArjoHuntleigh, Atom Medical Corporation, Becton Dickinson, Covidien, Drägerwerk, Fisher & Paykel, GE Healthcare, Masimo, Medtronic PLC, Natus Medical Incorporated, Philips Healthcare, Phoenix Medical Systems, Smiths Medical, Spacelabs Healthcare, Utah Medical Products, Vyaire Medical Inc., etc.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Follow us on twitter: @imarcglobal