The latest market report published by Credence Research, Inc. “Fetal and Neonatal Care Market – Growth, Future Prospects and Competitive Analysis, 2016 – 2024”, the global fetal and neonatal care market was valued at US$ 6,558.5 Mn in 2015, and is expected to reach US$ 9,868.1 Mn by 2024, expanding at a CAGR of 5.2% from 2016 to 2024.
According WHO studies, every year nearly 41% of all under-five child deaths are among newborn infants, babies in their first 28 days of life or the neonatal period. The neonatal period is one of the most vulnerable periods for child’s health. According to WHO report, an estimated 15 million babies are born preterm (before 37 completed weeks of gestation) every year, and this number is rising. Some of the causes of the preterm birth are early induction of labour or caesarean birth, increase in maternal age, changes in lifestyle such as smoking, drinking, obesity etc. Fetal and neonatal equipment help in early diagnosis, monitoring, prevention and evaluation of disease for fetal and neonatal care. With increased awareness about neonatal care, government initiatives to provide better maternal and neonatal care, there is being an increase in demand for fetal and neonatal care equipment. Other key drivers are technological advancement and growth in affordability in both developed and developing economies.
Browse the full report Fetal and Neonatal Care Market – Growth, Future Prospects and Competitive Analysis, 2016 – 2024 at http://www.credenceresearch.com/report/fetal-and-neonatal-care-device-market
The global fetal and neonatal care market is segmented by monitoring device type into fetal monitors that includes antepartum/external fetal monitors and intrapartum/internal fetal monitors; neonatal monitoring devices including blood pressure monitors, cardiac monitors, pulse oximeters, capnographs, integrated monitoring devices and respiratory assistance and monitoring devices. The fetal monitors segment currently dominates the overall fetal and neonatal care market.
For the purpose of this study, the global fetal and neonatal care market is also segmented by equipment type into fetal equipment and neonatal equipment. Fetal equipment market is further segmented into ultrasound and ultrasonography devices, fetal dopplers, fetal MRI systems and fetal pulse oximeters. Neonatal equipment market is further categorized into infant warmers, incubators, convertible warmer & incubators, phototherapy (conventional and fiber-optic) equipment and respiratory devices. The neonatal equipment segment currently dominates the overall fetal and neonatal equipment market.
Geographically, North America was identified as the largest market for fetal and neonatal care products in the base year 2015. North America dominated the market due to aging population, advanced sports medicine practices and rising initiatives for maternal and child care in the U.S. and Canada. Asia Pacific is the most attractive market for introducing advanced fetal and neonatal care devices due to the rapid development of healthcare infrastructure, increase in preterm birth and maternal age along with changes in lifestyle and labor treatment and rising disposable income in the countries like China, India, Australia and others.
This report concentrates on Fetal and Neonatal care devices that are used to care, monitor and diagnose. The laboratory screening tests, drugs, implants are not considered in Fetal and Neonatal care device report.
Fetal products are classified into ultrasound devices, fetal MRI, fetal monitors, fetal Doppler and others products. The ultrasound devices segment accounted the largest share in 2016 due to development of 3D and 4D imaging solutions. The fetal MRI segment is fastest growing segment due to development of miniaturised MRI and product pipeline which are yet to be launched. The fetal monitors are further classified into antepartum or external and intrapartum fetal monitors. The antepartum or external fetal monitors segment accounted for the largest share and fastest growing segment from 2017 to 2023 due to ease in usage, portable, reduces hospital visits etc.
Some of the key players in Fetal and neonatal care device market include: GE Healthcare (U.S.), Philips N.V. (Netherlands), Dragerwerk AG & Co. KGaA (Germany), Medtronic PLC (Ireland), Siemens AG (Germany), Atom medical corporation (Japan), Analogic corporation (U.S.), Becton Dickinson and Company (U.S.), Cooper Companies, Inc (Cooper Surgical, Inc) (U.S.), Fisher & Paykal (New Zealand), Gettinge Group (Sweden), Masimo Corporation (U.S.) and Natus Medical Incorporated (U.S.).( prnewswire)
Browse the full report: https://www.credenceresearch.com/report/fetal-and-neonatal-care-device-market
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