Fetal And Neonatal Care Equipment Market Players: Becton, Dickinson And Company, GE Healthcare, Koninklijke Philips N.V
Fetal And Neonatal Care Equipment Industry Overview
The global fetal (labor & delivery) and neonatal care equipment market size is expected to reach USD 10.6 billion by 2026 expanding at a CAGR of 6.9%, based on a new report by Grand View Research, Inc. Fetal and neonatal care devices consist of a variety of equipment that are designed to monitor and detect complications in newborn babies. The market growth can be attributed to factors such as a growing birthrate in developing countries coupled with rising prevalence of associated premature births also known as preemies.
Furthermore, neonatal hospital-acquired infections such as Central Line-Associated Bloodstream Infections (CLABSI) and healthcare-associated pneumonia are additional notable factors responsible for the market growth. Various aspects such as delayed maternal age, induced fertility, and lack of proper prenatal care are considered to be major factors contributing to the birth of premature babies.
Fetal And Neonatal Care Equipment Market Segmentation
Grand View Research has segmented the fetal and neonatal care equipment market by type, by end use, and region:
Based on the Product Insights, the market is segmented into Fetal Care Equipment, and Neonatal Care Equipment.
- The fetal monitor segment is anticipated to witness the fastest growth rate during the forecast period, owing to its utility in determining the baby's heart rate during pregnancy and labor. Fetal monitoring devices are essential as it allows continuous monitoring of the baby's heart rate and contractions and assists in labor too.
- In neonatal care equipment, the monitoring devices segment held the largest share in the year 2018, due to factors such as constant technological advancements in neonatal monitors including improvements in connectivity and ease-of-use in home settings.
- respiratory devices are expected to exhibit the fastest growth rate owing to increasing demand for respiratory care in neonatal to reduce the length of hospital stay and risk of long-term disability. Nearly all newborns are prone to respiratory difficulties at birth, and neonate respiratory devices ease the process ensuring better health of the baby.
Based on the End Use Insights, the market is segmented into Hospitals, Diagnostic Centers, and Clinics & Others.
- The neonatal infant care equipment market is segmented into hospitals, diagnostic centers, and clinics & others. The hospital segment held the highest share globally in 2018 and is expected to grow at the fastest rate. Factors attributing to the largest share were the presence of latest & technologically advanced equipment to improve patient care and availability of specialists.
- Clinics & others such as home care, nursing centers held the second-largest share in the overall end-use segment. Clinics deliver specialized services and are often preferred in places wherein large scale setups are not available. Clinics are expected to grow at a steady rate during the forecast period.
Fetal And Neonatal Care Equipment Regional Outlook
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
Key Companies Profile & Market Share Insights
The major players identified in the global fetal and neonatal care equipment market include Becton, GE Healthcare, Becton, Dickinson, and Company, Koninklijke Philips N.V., THE DRAGER GROUP, and Medtronic.
These players are collaborating with leading child care provider networks, to ensure better recognition and push product sales. For instance, in November 2016, Boston Children’s Hospital and GE Healthcare collaborated for the treatment and diagnosis of pediatric brain disorders by using smart imaging technology.
In January 2019, Abbott received the U.S. FDA approval for its Amplatzer Piccolo Occluder, a pea-sized neonatal heart device. This is the first device across the world to treat patent ductus arteriosus (PDA) in premature babies weighing lesser than two pounds.
Order a free sample PDF of the Fetal and Neonatal Care Equipment Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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