Fetal and Neonatal Equipment Market Investment Analysis and Growth Opportunities 2030 – The Bollywood Post

[128 pages report] This market research report includes a detailed segmentation of the global fetal and neonatal equipment market by product type (fetal care equipment, neonatal care equipment and others), by end users (hospitals, pediatric hospitals and intensive care centers neonatal) and by region. (North America, Europe, APAC and RoW).

Research overview

Infoholic Research predicts that the global fetal and neonatal equipment market will grow at a CAGR of 7.4% during the forecast period. The market is categorized into different product categories: patient monitoring, diagnostic devices, warmers, incubators and phototherapy equipment. The increase in patient monitoring, especially fetal and neonatal care equipment, has seen increased adoption of basic to advanced equipment across the world. Increase in the adoption of such devices in developing countries with various agreements and policies has helped the market grow faster. Fetal and neonatal care equipment is mainly used for emergencies and life-threatening complications. Factors driving the market include congenital diseases, premature health, lifestyle, and chronic diseases such as anemia, bronchopulmonary dysplasia, hyperbilirubinemia, and intraventricular hemorrhage.

The market is witnessing significant growth due to technological advancements in patient monitoring, respiratory and phototherapy devices. According to WHO, every year there are about 15 million infants born preterm, which is the main reason for higher mortality. Most emerging economies like India, China, Indonesia, Malaysia, Philippines and Bangladesh have the highest prematurity rate due to poor infrastructure and lack of trained professionals.

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Prenatal care and proper medical care are important for a healthy pregnancy. Moreover, features such as light weight, compactness, advanced functionality, and remote monitoring have made end users rely on effective patient monitoring devices. Fetal and neonatal care equipment is expected to grow steadily in the future. The market is not much explored in developing markets and will create huge market opportunities for the global market.

The market is driven by innovation and new technological techniques and procedures. Rising demand for more advanced and personalized diagnostics and treatments with the availability of vast healthcare services globally has driven the market to produce safe, effective and cost-effective products in the market. Advances in technology have shifted most developed economies towards high quality care. Additionally, connectivity through wireless technologies has eliminated the need for bedside transmitters, as the integration of mobile applications has become more seamless into an individual’s daily routine. Few devices are proactive in anticipating health information and delivering it in a timely manner with supportive communication and coordination between providers involved in healthcare delivery services.

Segmentation by product types:

  • Fetal care equipment
  • Neonatal care equipment
  • Others

Neonatal care units have a complex setup with different types of machines and monitoring devices for the intensive care of neonates or neonates. This segment contributes the maximum share due to various factors: premature births, malformations in newborns, increase in government initiatives to support and upgrade existing equipment, and increase in replacement demand with collaborations and agreements to high quality neonatal systems. Phototherapy units and warming equipment share the maximum revenue in the global fetus and newborn market and are expected to grow steadily in the market.

Segmentation by end users:

  • Hospitals
  • Pediatric hospitals
  • NICU Centers

In 2018, hospitals gained the highest share in the fetal and neonatal equipment market with the large volumes of diagnostics and treatments globally.

Segmentation by regions:

  • North America
  • Europe
  • APAC
  • Line

According to Infoholic Research analysis, North America accounted for the largest share of the global fetal and neonatal equipment market in 2018. In North America, the United States and Canada are the leading countries with the latest advancements and wide options in the choice of diagnosis for early prevention and treatment. . Europe is the second leading region. The market in Europe has been largely driven by advancements and replacement of devices in fetal and neonatal care systems. Factors such as increasing incidence of premature births, continuous adoption of advanced technologies, and rising awareness are driving the market. The leading countries are Germany, France, the United Kingdom and Italy in the market.

The APAC region is expected to experience faster growth due to increased sales of new fetal and neonatal equipment in the coming years. According to UNICEF, it was estimated that in 2017, the neonatal mortality rate in India (24%), China (4.7%), Thailand (5.3%), Vietnam (10.6% ) deaths per 1,000 live births. The availability of cost-effective or low-cost patient monitoring devices is helping many hospitals, neonatal intensive care centers, and many other healthcare facilities to adopt these diagnostics and monitoring for safe and effective fetal and neonatal care.

Competitive analysis – The competition among major vendors is due to the availability of a wide range of fetal and neonatal care equipment with different brands in the market. This provides healthcare consumers (fetal and neonatal care facilities) with the ability to choose products based on brand, price, features, model, and discount. Most of the vendors focus on providing bundled product models to increase their sales and have a bigger market share in terms of revenue. Many vendors have established their presence in the global market and are focusing heavily on marketing and selling their products by competing with smaller regional vendors. Therefore, competition between vendors is expected to hinder the growth of the market, but the market will have more products developed and launched in the market. Most vendors focus primarily on research and development to deliver rapid technological advancements. Manufacturers including large and medium-sized companies in the fetal and neonatal equipment market are competing with newer products, advanced features, quality, safety, and efficiency.

Competition is intensifying between health service providers – hospitals, neonatal intensive care centers and pediatric hospitals where customer groups are grouped together to purchase products. Companies with diversified product portfolios, large volume product buyers (hospitals) and major competitors (single product manufacturers) have strong market positions in certain segments and regions due to their wide range of products and services that they offer. New competitors, especially from Asia, are also taking the competition to a new high with product quality, safety and efficacy in recent years.

Main suppliers:

  • Drägerwerk AG & Co. KGaA
  • Medtronic plc
  • GE Healthcare
  • Masimo Corp.
  • Philips Health
  • Natus Medical Incorporated

Main competitive facts:

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  • The market is highly competitive with all players competing to gain market share. Intense competition, rapid advancement in technology, frequent changes in government policies and prices are key factors facing the market.
  • The requirement of high initial investment, implementation and maintenance cost in the market also limits the entry of new players.
  • Respond to competitive pricing pressures unique to each of our geographic markets.
  • Proprietary technology protection for products and manufacturing processes.

Benefits – The report provides comprehensive details on the usage and adoption rate of fetal and neonatal equipment. Thus, the key stakeholders can know the key trends, drivers, investments, vertical players initiatives and government initiatives towards the medical device segment in the coming years along with the details of the pureplay companies entering the market . Additionally, the report provides details of the major challenges that are going to impact the growth of the market. Moreover, the report gives comprehensive details of major business opportunities to key stakeholders to expand their business and capture the revenue in specific verticals and analyze before investing or expanding business in this market .

Key points to remember:

    • Understand the potential market opportunity with accurate market size and forecast data.
    • Detailed market analysis focusing on the growth of fetal and neonatal equipment
    • Factors influencing the growth of fetal and neonatal equipment
    • In-depth competitive analysis of dominant and pureplay vendors.
    • Forecast analysis of the Fetal and Neonatal Equipment industry in both developed and developing regions.
    • Key information related to the main segments of fetal and neonatal equipment
    • The latest analysis of market trends impacting consumer buying behavior.
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