Fetal and Neonatal Care Equipment Market Estimated to Exceed US$ 12.0 Billion Globally By 2027 | CAGR of 7.9%

Published February 8, 2023

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", offers a comprehensive analysis of the industry, which comprises insights on fetal and neonatal care equipment market outlook. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global fetal and neonatal care equipment market size reached US$ 7.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 12.0 Billion by 2027, exhibiting a growth rate (CAGR) of 7.9% during 2022-2027.

Fetal and neonatal care (FNC) equipment is used for monitoring heart rate, blood pressure, oxygen level, and other vital physiological parameters of the fetus and contractions in the uterus. It includes equipment, such as incubators for newborns, which are used in neonatal intensive care units (NICU) and are used for continuously observing the fetus to avoid any type of harm. It is used to monitor chronic mental retardation, hypothermia, lung diseases, neonatal diseases, vision and hearing problems, and jaundice in the fetus. Additionally, it is adopted in the treatment of anemia, bronchopulmonary dysplasia, interventricular hemorrhage, hyperbilirubinemia, and transient tachypnoea. Some commonly used fetal and neonatal care (FNC) equipment include ultrasound devices, fetal dopplers, fetal MRI systems, incubators, phototherapy, and respiratory devices.

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Market Trends:

The global market is primarily driven by the increasing prevalence of hospital-acquired neonatal ailments. Along with this, the rising birth rate, coupled with more infant fatalities and premature deliveries, is also catalyzing the market. Furthermore, increasing support and initiatives by the governments to upgrade the overall healthcare infrastructure is providing a boost to the demand. In line with this, several major companies are heavily investing in the developments of the internet-, and Bluetooth-based fetal and neonatal monitoring systems, which are gaining prominence across the globe. Other factors, such as rapid technological advancements and innovations in phototherapy, rising incidence of nosocomial infections in neonates, increasing availability of NICUs, and growing public awareness of newborn care equipment, are projected to propel the market further.

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Competitive Landscape with Key players:

The report has also analysed the competitive landscape of the market 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

Fetal and Neonatal Care Equipment Market Segmentation:

Our report has categorized the market based on region, product type and end-user.

Breakup by Product Type:

  • NICU Equipment
    • Incubators
    • Neonatal Monitoring Devices
    • Phototherapy Equipment
    • Respiratory Assistance and Monitoring Devices
    • Others
  • Fetal Care Equipment & Neonatal Care Equipment
    • Fetal Dopplers
    • Fetal MRI Devices
    • Fetal Ultrasound Devices
    • Fetal Pulse Oximeters
    • Others
  • Others

Breakup by End-User:

  • Hospitals
  • Diagnostic Centers
  • Clinics
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

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