Fetal and neonatal equipment consist of a variety of equipment that is intended to monitor and detect complications in new-born babies. The market growth can be accredited to factors such as a growing birth rate in underdeveloped countries coupled with increasing prevalence of associated premature births also well-known as preemies.
According to the report analysis, ‘Global Fetal and Neonatal Equipment Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use’ states that BD, Toshiba Medical Systems, Merck, GE Healthcare, Philips, Dr?ger, Medtronic, Monica Healthcare, DRE Medical, Mediprema, Fisher & Paykel Healthcare Limited, FUJIFILM SonoSite, Inc, Natus Medical Incorporated, VoluSense, Hisense Ltd and several others are the great corporates which presently operating more progressively and actively in the global fetal and neonatal equipment market for leading the highest market growth and registering the great value of market share around the globe during the recent era while establishing the several research and development programs, analysing the strategies and policies of the government as well as corporates, implementing the policies of enlargements and profit making, delivering the better consumer satisfaction, decreasing the associated cost, employing the young and intellectual work force, spreading the awareness connected to the applications and specification, developing the applications and benefits of such, and improving the qualitative and quantitative strategies of such.
In addition, certain aspects that are propelling the market’s growth include augmenting the number of preterm and low-weight births, increasing the technological advancement in infant and maternal care products, and growing congenital and pregnancy complications owing to the sedentary lifestyle. The effective growth in preterm and low-weight births is one of the foremost factors for the growth of the fetal and neonatal equipment market. With the progressive augment in number of births, a large number of complications are linked with preterm births, leading to neonatal deaths. In the United States, as per the Centers for Disease Control and Prevention (CDC), preterm births exaggerated about one out of every 10 infants born, during 2016. Moreover, the incidence of diseases among new borns has also augmented. These aspects have increased the requirement for fetal and neonatal equipment in the market.
Whereas, the North America is projected to register the fetal and neonatal equipment market, due to the existence of well-established healthcare facilities and the augment in the requirement for advanced healthcare systems. Around the United States, the value-based healthcare model has led to the improvement of greatly specialized NICU centers, with the effective increase in the number of devices from the US FDA. Asia-Pacific is also projected to grow at the greatest rate throughout the forecast period, due to factors, such as growing healthcare expenditures, great patient pool, and increasing the private hospitals and diagnostic centers around this region. Therefore, in the near years, it is predicted that the market of fetal and neonatal equipment will increase around the globe more proficiently over the coming duration along the effective amount of investment by the coming as well as prevailing investors and companies.
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Ankur Gupta, Head Marketing & Communications