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Fetal And Neonatal Care Equipment Market Worth $10.6 Billion By 2026


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.
According to the WHO estimates, 15 million neonates are born annually and a million were reported to die from preterm birth complications in 2015. To address the complications associated with babies born prematurely, the demand for fetal and neonatal care equipment is expected to rise significantly. In addition, consequences of supportive government policies coupled with rapid technological advancements in modern fetal and neonatal medical equipment is expected to contribute for growth in the long term.

Further Key Findings from the Study Suggest:
  • Fetal care equipment accounted for the largest share of the market in 2018, however neonatal care equipment is expected to grow at a rapid rate during the forecast period.
  • Increasing complications during birth, increasing number of separate facilities for fetal & newborn care, and technological advancement in the fetal & neonatal care field are the key driving factors of the market. For instance, in February 2019, the University of Chicago Medicine launched Fetal and Neonatal Care Center (FNCC). The center offers one stop access to various specialists.
  • North America held the largest share in the fetal and neonatal care equipment market in 2018 due to the high awareness about neonatal and fetal care along with large number of neonatal intensive care unit (NICU) admissions.
  • The Asia Pacific region is projected to grow at the highest rate during the forecast period owing to aspects such as high birth rate in some Asia Pacific countries such as India & China and rising awareness programs for the improvement of fetal care & neonatal care.
  • In July 2013, largest Neonatal Intensive Care Unit in Southeast Asia became operational in Singapore. The facility is equipped with advanced equipment and technology.
  • The major players operating in the global fetal and neonatal care equipment market include Becton, Dickinson and Company, GE Healthcare, Koninklijke Philips N.V, THE DRAGER GROUP, Natus Medical Incorporated, Masimo Corporation, and Medtronic.
  • Mergers & collaborations and product development are the key strategies being undertaken by the market players. For instance, in June 2019 Clinical Computer Systems, Inc. entered into an agreement with Huntleigh Healthcare Limited to commercialize OBIX BeCA, a fetal monitor, in the U.S.
About Grand View Research:
Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. Grand View Research database is used by the world's renowned academic institutions and Fortune 500 compnies to understand the global and regional business environment. Our database features thousands of statistics and in-depth analysis on 46 industries in 25 major countries worldwide.
Contact:
Grand View Research, Inc.
201 Spear Street 1100,
San Francisco, CA 94105
United States
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
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