Fetal and Neonatal Care Equipment Market Growth, Size, Share, Key Players and Forecast 2023-2028

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Fetal and Neonatal Care Equipment Market Growth, Size, Share, Key Players and Forecast 2023-2028

According to the latest report by IMARC Group, titled “Fetal and Neonatal Care Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on fetal and neonatal care equipment market trends. 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$ 8.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.9 Billion by 2028, exhibiting a growth rate (CAGR) of 8.11% during 2023-2028.

The fetal and neonatal care equipment market encompasses specialized devices designed for the care of newborns and unborn babies. These devices, including incubators, ventilators, and cardiac monitors, are engineered for high sensitivity and precision to support fragile life. Constructed with biocompatible materials to ensure safety, these tools provide real-time data on vital signs, thus aiding timely interventions. For example, a neonatal incubator maintains a controlled environment for premature or ill infants, utilizing advanced temperature and humidity regulation mechanisms. The advantages of these pieces of equipment include improved chances of infant survival, support for bodily functions, and assistance in monitoring and diagnosis.

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Market Trends:

The global market is mainly influenced by the rising number of preterm births and the increasing need for NICU admissions. In accord with this, advancements in technologies are offering enhanced diagnostic capabilities and treatment options, thus boosting market prospects. Furthermore, increased awareness about neonatal and prenatal health contributes significantly to market growth. Alongside this, expanding healthcare infrastructure provides an impetus for demand. Besides this, the heightened focus on reducing infant mortality rates offers lucrative opportunities in the market. Additionally, favorable insurance policies are making these essential tools more accessible. The market also benefits from government initiatives aimed at improving neonatal care. Beyond this, an increase in healthcare expenditure, coupled with higher incomes, is fostering market expansion. Parental concerns for child health and the integration of remote monitoring technologies are other notable contributors. Lastly, professional training for neonatal care and emerging markets are further fueling the sector's growth.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

  • 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 (2017-2022)
  • Market Outlook (2023-2028)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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