Global Fetal (Labor & Delivery) and Neonatal Care Equipment Market to Reach $14.3 Billion by 2030
The global market for Fetal (Labor & Delivery) and Neonatal Care Equipment estimated at US$9.7 Billion in the year 2023, is expected to reach US$14.3 Billion by 2030, growing at a CAGR of 5.7% over the period 2023-2030. Fetal Care Equipment, one of the segments analyzed in the report, is expected to record 5.3% CAGR and reach US$9.7 Billion by the end of the analysis period. Growth in the Neonatal Care Equipment segment is estimated at 6.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.6 Billion, While China is Forecast to Grow at 8.7% CAGR
The Fetal (Labor & Delivery) and Neonatal Care Equipment market in the U.S. is estimated at US$2.6 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.3 Billion by the year 2030 trailing a CAGR of 8.7% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 5.2% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.
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