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PUNE, India, November 28, 2022 /PRNewswire/ — Market Decipher Released Latest Research Report – “Fetal and neonatal market Size, Statistics, Growth Trend Analysis and Forecast Report, 2022 – 2032″, which includes an in-depth analysis of the characteristics, market size and growth, segmentation, regional and country breakdowns, competitive environment, market shares, recent trends and strategies, while tracing the market evolution over time and projecting regional market growth. Research estimates that the fetal and neonatal market size will reach a huge $21.6 billion by 2032 from the current size of $8.2 billionwith a CAGR of 10.8%.
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“Rapidly changing clinical risks of birth and obstetric complications are one of the most significant factors intensifying the growth and demand for the fetal and neonatal intensive care equipment market. The increasing number of premature and low birth weight births , the increasing percentage of NICU admissions, the increasing incidence rate of nosocomial infections, increasing cases of premature hypothermia which leads to infant morbidity and mortality and rising awareness of neonatal and fetal care in developing countries are driving the growth of fetus and market. High growth in integrated and multi-functional neonatal care equipment along with emerging markets, along with rapid technological advancements and innovations in phototherapy, patient monitoring, and respiratory devices will further accelerate the expansion of the neonatal care equipment market. fetal and neonatal intensive care and will provide significant growth. market opportunities. »
– Chandradeep Singh
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Advanced technologies and continuous R&D drive the market
Growing demand for new portable voltage-free equipment and phototherapy units providing natal and prenatal care across the globe will positively impact the growth prospects of the market. Most people in developed countries opt for home treatment after surgery. Portable fetal and neonatal care equipment is more advantageous than conventional devices because it provides stable microclimate, easy disinfection, and close mother-child interaction. Some technological advancements include multi-function fetal monitors that can provide information on heart rate, temperature, electrocardiogram (ECG) reading and saturation of peripheral oxygen (SpO2) levels, color ultrasound devices, continuous positive airway pressure (CPAP) machines, tracheostomy feeding tubes, and LED phototherapy units. Suppliers are also focused on developing advanced devices for neonatal intensive care units (NICUs) and infants affected by respiratory disorders, infections and other complications.
North America holds a dominant position in the growing demand for ECU
The North America region is leading the fetal and neonatal intensive care equipment market due to growing awareness of neonatal and fetal care along with increasing number of neonatal intensive care unit admissions in the region and presence well-established health facilities. Asia Pacific is expected to be the fastest growing regional market owing to government initiatives of developing countries such as India, Chinaand Japan and increased awareness of the importance of fetal and newborn care. The European market is also accelerating due to the increasing incidence of premature births and cesarean deliveries leading to complications in childbirth. Additionally, the growth of hospitals and government initiatives to reduce infant mortality rates are fueling the market.
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Recent Strategic Developments
- In March 2022Butterfly Network, Inc., a digital health company transforming care with wearable full-body ultrasound, has been awarded a grant to $5 million of the Bill and Melinda Gates Foundation to improve maternal and fetal health. With this grant, Butterfly will provide 1,000 healthcare workers in sub-Saharan Africa with Butterfly iQ+, the only portable, whole-body point-of-care ultrasound probe.
- In February 2022Philips has expanded its line of ultrasound systems with advanced hemodynamic assessment and measurement capabilities on its portable point-of-care ultrasound system – Lumify, with the addition of Pulse Wave Doppler to enable clinicians to quantify blood flow in a wide range of point-of-care diagnostic applications including cardiology, vascular, abdominal, urology, obstetrics and gynecology.
- In August 2020Pulsenmore Ltd., an Israeli company involved in manufacturing and marketing ultrasound devices, launched the tele-ultrasound device which was the first-ever self-administered ultrasound device allowing pregnant women to perform ultrasounds at home .
- In May 2020Dragerwerk AG & Co. KGaA launched the Evita V600 and V800, as well as the Babylog VN600 and VN800, devices for acute ventilation of adults and premature babies.
Custom (Get a report on any specific product line): https://www.marketdecipher.com/report/fetal-and-neonatal-care-equipment
Report details:
Number of pages: 220
Number of tables: 65
Number of tables and graphs: 45
Key companies covered
- Masimo
- Fisher & Paykel Healthcare Limited
- Phoenix Medical Systems (P) Ltd.
- Inspiration Healthcare Group Plc.
- Natus Medical Incorporated
- Utah Medical Products Inc.
- Medtronic
- GE Healthcare
- Dragerwerk AG & Co. KGaA
- Cardinal Health
- Koninklijke Philips NV
- Mead Johnson & Company, LLC
Key takeaways from the report:
- Revenue estimate/projections/forecasts (2022 – 2032)
- Breakdown of data for each industry segment (2022 – 2032)
- Business Gross Margin and Profitability Analysis
- Impact of COVID-19 on the Fetal and Neonatal Care Equipment Market
- Analysis of trends and business expansion
- Competition/market share analysis
- List of product innovations
- List of clients and case studies
- Market entry strategy
Detailed research can be obtained at: https://www.marketdecipher.com/request-sample/2922
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