(PharmaNewsWire.Com, December 15, 2017 ) According to the report Fetal and Neonatal Care Equipment Market, published by Market Data Forecast, the Global market is projected to reach USD 10.51 billion by 2022, at a CAGR of 6.6% from 2017 to 2022.
Fetal care comprises taking care of the mother during her pregnancy while neonatal care consists of taking care of the infant after birth. The equipment used for these purposes are called Fetal Care Equipment and Neonatal Care Equipment respectively.
Fetal and Neonatal Care Equipment Market: Drivers & Restraints Increasing number of preterm births, improved access to public healthcare and government schemes supporting public health are the primary drivers of this market. Growing number of neonatal infections mostly acquired in hospitals due to lack of proper maintenance and their increasing awareness about this equipment is projected to drive the market growth. Developing countries like China stressing on imposing very strict rules for birth control is the primary restraint of this market.
Fetal and Neonatal Care Equipment Market: Overview In 2017, ultrasound devices segment is the largest in the market and is predicted to remain so in the aforementioned forecast period. It is because there is an increased demand to view the foetus during pregnancy. Fetal monitors are predicted to be the fastest growing market segment in the aforementioned forecast period. In Neonatal equipment category, monitoring devices are the largest segment and this trend is likely to continue in the forecast period. It is because of the rapid technological advancements. However, respiratory devices are forecasted to grow the fastest. In End-use segmentation hospitals is the largest revenue generating category.
North America is the largest regional market. US is the largest market in North America. It is because of the advanced nature of development of their healthcare delivery services. Asia Pacific is predicted to be the fastest growing market in the aforementioned forecast period. It is because of the rising government schemes for paediatric health.
Fetal and Neonatal Care Equipment Market: Key Players GE Healthcare, Dickinson and Company, Philips Healthcare, Medtronic are the major players in the market. Other players in the market include Drägerwerk AG & Co. KGaA, Medtronic plc, and Masimo Corporation.
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