Germany Neonatal and Prenatal Devices Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)

Germany Neonatal and Prenatal Devices Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)

The factors that are driving the market's growth include an increasing number of preterm and low-weight births, growing technological advancement in infant and maternal care products, and rising congenital and pregnancy complications due to a sedentary lifestyle. Preterm babies often require special care in the neonatal intensive care unit (NICU), owing to which the demand for neonatal devices is also increasing, which is expected to act as a key driving force. Moreover, the incidence of diseases among newborns has also increased. These factors have increased the demand for fetal and neonatal care equipment in the region.

However, the rising cost of neonatal care is one of the major factors hindering the German fetal and neonatal care equipment market.

Germany Neonatal & Prenatal Devices Market TrendsNeonatal Care Equipment is Expected to Hold a Significant Market Share

Neonatal monitoring instruments and equipment are used in the neonatal intensive care unit (NICU), emergency room, and operating theatre at all levels of hospitals for continuous monitoring of the neonates and infants. According to the Institute for Quality Assurance and Transparency in Health Care, of 776,188 children born in Germany in 2017, 66,730 children were born preterm. As these babies require more care, an increase in preterm birth is expected to drive the market growth.

Germany Neonatal & Prenatal Devices Market Competitive Analysis

Companies, like Dragerwerk AG & Co. KGaA, GE Healthcare, Siemens Healthineers AG. Hoffmann-La Roche Ltd, among others, holds substantial shares in the fetal and neonatal care equipment market. Some of the strategies implemented include agreements, collaborative models, business expansion, and product developments.

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