Fetal and Neonatal Care Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Fetal and Neonatal Care Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

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 (FNC) equipment are specialized devices that are used to diagnose, monitor and treat diseases and medical ailments of the fetus and newborn babies. These devices are crucial for routine check-ups in gynecology and obstetrics interventions. Ultrasound devices, fetal dopplers, fetal MRI systems, incubators, phototherapy and respiratory devices are some of the most extensively utilized FNC equipment. They also find applications in the Neonatal Intensive Care Units (NICUs) for the treatment of ailments, including anemia, bronchopulmonary dysplasia, intraventricular hemorrhage, hyperbilirubinemia and transient tachypnea.

The increasing prevalence of hospital-acquired neonatal ailments and complications is one of the key factors driving the growth of the market. Furthermore, the rising cases of premature birth with low immunity and weight are contributing to the increasing requirement of FNC equipment across the globe. Maternal and fetal care is rapidly becoming a global priority to prevent fatalities during pregnancy and childbirth. Additionally, technological advancements and innovations in patient monitoring, respiratory, and phototherapy devices aimed at making them more user-friendly, cost-effective and highly accurate, are providing a boost to the market. Moreover, equipment features such as light-weight, compact designs and remote monitoring facilities are further increasing product adoption in medical institutions. Other factors, including improving fertility rate, efforts by both government and non-government organizations (NGOs) to create awareness for fetal and neonatal care and extensive research and development (R&D), are projected to drive the market further.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global fetal and neonatal care equipment market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on 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
Russia
Others
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Latin America
Brazil
Mexico
Argentina
Colombia
Chile
Peru
Others
Middle East and Africa
Turkey
Saudi Arabia
Iran
United Arab Emirates
Others

Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being 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 and Vyaire Medical Inc.

Key Questions Answered in This Report

1. What was the size of the global fetal and neonatal care equipment market in 2022?
2. What is the expected growth rate of the global fetal and neonatal care equipment market during 2023-2028?
3. What are the key factors driving the global fetal and neonatal care equipment market?
4. What has been the impact of COVID-19 on the global fetal and neonatal care equipment market?
5. What is the breakup of the global fetal and neonatal care equipment market based on the product type?
6. What is the breakup of the global fetal and neonatal care equipment market based on the end user?
7. What are the key regions in the global fetal and neonatal care equipment market?
8. Who are the key players/companies in the global fetal and neonatal care equipment market?