Neonatal & Fetal (Labour & Delivery) Care Equipment Market is anticipated to grow substantially at a CAGR of 5.3% during the forecast period (2019 to 2030).
Market Industry Reports (MIR) has published a new report titled “Neonatal & Fetal (Labour & Delivery) Care Equipment Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the Neonatal & Fetal (Labour & Delivery) Care Equipment Market is estimated to be over US$ 6.5 billion in 2019. It is anticipated to grow substantially at a CAGR of 5.3% during the forecast period (2019 to 2030).
The continual growth of the neonatal & fetal (labour & delivery) care equipment market can be attributed to several factors including rising number of low-weight and preterm babies, increased awareness of neonatal and fetal care across developing nations and rising number of neonatal care facilities worldwide. Moreover, increasing prevalence of neonatal hospital-acquired infections is anticipated to further contribute to substantial growth of the neonatal & fetal (labour & delivery) care equipment between 2019 and 2030. To obtain better insights into the market scenario, prominent players are collaboration and expanding to strengthen their foothold in the market. For instance, in 2107, GE Healthcare expanded its maternal-infant care with the acquisition of Monica Healthcare.
Rise in the birth of premature, low-weight babies along with increasing prevalence of hospital acquired infections is one of the major factors driving market growth. According to the WHO, premature birth is one of the major reasons for the death of children below 5 years of age. The chances of acquiring Hospital Acquired Infections (HAIs) are higher in premature babies. Moreover, a sedentary lifestyle increases complications in pregnancy, and the rising number of neonatal care facilities drives growth of neonatal & fetal (labour & delivery) care equipment market.
Technical advancements and increasing focus on new product launches with advanced technology and affordable infant and maternal care products is also anticipated to fuel the growth of market. Moreover, an increase in R&D on advancements in neonatal equipment and increasing awareness among the patients is driving market growth. A rise in government funding for improving neonatal and fetal care facilities will further boost the neonatal & fetal (labour & delivery) care equipment during the forecast period.
Browse key industry insights spread across 180 pages with market data tables & figures & charts from the report, Neonatal Care Equipment & Fetal (Labor & Delivery) Market by Product (Infant Warmers, Neonatal Incubators, Convertible Warmers & Incubators, Neonatal Monitoring Devices, Neonatal Phototherapy Equipment, Neonatal Diagnostic Imaging and Respiratory Care Devices), Type (Fetal Ultrasound Devices, Fetal MRI Systems, Fetal Monitors, Fetal Doppler Devices and Fetal Pulse Oximeters), End Users (Hospitals, Diagnostic Centers and Clinics)- Global Analysis & Forecast 2019-2030 in detail along with the table of contents:https://www.marketindustryreports.com/neonatal-care-equipment-and-fetal-market/207
However, higher costs with advancements in neonatal and fetal care equipment will hinder market growth during the forecast period. Moreover, lower birth rates in developed countries, limited access to well-equipped neonatal and fetal care units as well as stringent government policies for the approval of new product launches will restrain market growth to a certain extent.
North America is dominating the neonatal & fetal (labour & delivery) care equipment market with the largest market share, followed by Europe. This can be attributed to factors such as higher premature births in this region, presence of well-established neonatal and fetal care facilities with advanced equipment and good reimbursement policies. However, Asia –Pacific region is expected to witness the highest CAGR during the forecast period owing to an increase in increasing awareness about neonatal care units and increased funding from public-private organizations.
Some prominent players in the Neonatal Care Equipment & Fetal (Labor & Delivery) market include Koninklijke Philips NV, GENERAL ELECTRIC, Radiometer Medical ApS, Phoenix Medical Systems (P) Ltd., VYAIRE. EDAN, Fisher & Paykel Healthcare Limited., Masimo, Natus Medical Incorporated, and Dragerwerk AG & Co. KGaA among others.
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