Fetal and neonatal equipment are specific type of medical devices that helps the physicians and doctors to constantly monitor & care for infant children. They are also used to feed the fluids or even draw blood, babies’ medicine, check the blood pressure, treat number of diseases and continually monitor the status & health of the baby.
As per analysis, “Global Fetal and Neonatal Equipment Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global fetal & neonatal equipment market include GE Healthcare, Monica Healthcare, BD, Merck, Philips, Fisher & Paykel Healthcare Limited, DRE Medical, Natus Medical Incorporated, Mediprema, VoluSense, FUJIFILM SonoSite, Inc, Monica Healthcare, Toshiba Medical Systems and among others.
Based on type, fetal & neonatal equipment market is segmented as fetal dopplers, fetal monitors, phototherapy equipment, fetal MRI, infant warmers & incubators, neonatal monitoring & respiratory assistance & monitoring devices and others. Fetal monitors segment dominates the global market owing to its utility in determining the baby’s heart rate during the pregnancy and labor. Fe In addition, based on application, market is segmented as hospitals of pediatrics, hospitals of obstetrics & gynecology and obstetrics & gynecology clinic.
The fetal & neonatal equipment market is driven by rise in prevalence of preterm births, followed by rapidly changing clinical risks for congenital and obstetric complications, increase in number of neonatal care facilities across the world, rapid technological advancements & innovations in phototherapy, increase in number of neonatal intensive care unit admissions and high growth of integrated & multifunctional neonatal care equipment. In addition, neonatal hospital-acquired infections for instance Central Line Associated Bloodstream Infections (CLABSI) and healthcare associated pneumonia are additional prominent factors responsible for growth of the market. Different aspects like induced fertility, delayed maternal age, and lack of proper prenatal care are considered to be main factors contributing to the birth of pre-mature babies. Apart from this, premium pricing of advanced neonatal care equipment is a hindering factor for market. Additionally, increase in numbers of preterm & low-weight births as well as a public-private initiative to strengthen the patient care is a leading opportunity for market. Moreover, rise in congenital & pregnancy complications due to sedentary lifestyle is a major trend for market. Furthermore, increase in preference for refurbished devices across emerging countries is a key challenge for global market.
Based on geographic analysis, the North-America is a leading region in global fetal and neonatal equipment market owing to good reimbursement policies for diagnostic procedures coupled with rise in availability of experts & well-equipped NICU (Neonatal Intensive-Care Unit) centers across the region. The Asia-Pacific and Europe regions are estimated to exhibit substantial growth rate due to increase in birth rate, rise in awareness program for neonatal care and increase in initiatives among private & government organizations over the forecast period. It is predicted that future of the global fetal & neonatal equipment market will be bright on account of rise in number of preterm & low-weights birth infants during the forecast period.
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Ankur Gupta, Head Marketing & Communications