Dublin, Jan. 31, 2019 (GLOBE NEWSWIRE) -- The "Fetal and Neonatal Care Equipment Market - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global fetal and neonatal care equipment market is projected to reach USD 8.4 billion by 2023 from USD 6.4 billion in 2018, at a CAGR of 5.7% during the forecast period.
Factors such as rise in number of preterm and low-weights birth infants, growing number of NICU admissions, and increased awareness of neonatal and fetal care across developing nations are expected to propel the growth of this market.
However, high price of advanced neonatal care equipment are expected to restrain the growth of the fetal and neonatal care equipment market in the forecast period.
Ultrasound segment to dominate the fetal care equipment market in 2018
Based on type of product, the fetal care equipment segment is further categorized into, ultrasound devices, fetal doppler, fetal magnetic resonance imaging (MRI) systems, fetal monitors (further classified into antepartum/external fetal monitors and intrapartum/internal fetal monitors), and fetal pulse oximeters.
The ultrasound devices segment is expected to account for the largest share of the global fetal care equipment market in 2018. The large share of this segment is mainly attributed to the increasing development of advanced ultrasound devices and growing use of ultrasound in obstetric and gynecological applications.
Respiratory devices to register the highest CAGR during 2018-2023 in neonatal segment
The neonatal care equipment segment comprises infant warmers, incubators, convertible warmers & incubators, phototherapy equipment, respiratory devices, and neonatal monitoring devices. The respiratory devices segment is estimated to grow at the highest CAGR during the forecast period. The high incidence of respiratory distress among newborns is the key growth driver for the respiratory devices market.
The fetal and neonatal care equipment market in the APAC is projected to witness the highest growth rate during the forecast period
The fetal and neonatal care equipment market in the Asia Pacific is expected to witness the highest CAGR from 2018 to 2023. Factors such the large number of preterm and low-weight births, inflow of technologically advanced products, and growing initiatives by public and private organizations for improving neonatal care in this region are the key factors driving the growth of the fetal and neonatal care equipment market in Asia-Pacific countries are driving the growth of the market in the APAC region.
Several companies such as GE Healthcare (U.K.), Philips Healthcare (Netherlands), Drgerwerk AG & Co. KGaA (Germany), Medtronic plc (Ireland), and Masimo Corporation (U.S.) are investing in high-growth markets to gain significant profits and increase their share in the global fetal and neonatal care equipment market.
Topics Covered
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency Used for the Study
1.5 Major Market Stakeholders
1.6 Limitations
2 Research Methodology
2.1 Introduction
2.2 Secondary and Primary Research Methodology
2.2.1 Secondary Research
2.2.1.1 Key Data From Secondary Sources
2.2.2 Primary Research
2.2.2.1 Key Data From Primary Sources
2.3 Market Size Estimation Methodology
2.3.1 Product-Based Market Estimation
2.3.2 End-User Based Market Estimation
2.3.3 Primary Research Validation
2.4 Market Data Validation and Triangulation
2.5 Research Assumptions
2.6 Research Limitations
3 Executive Summary
4 Premium Insights
4.1 Fetal and Neonatal Care Equipment Market Overview
4.2 Fetal Care Equipment Market, By Product, 2018 vs 2023 (USD Million)
4.3 Global Market, By Product, 2018 vs 2023 (USD Million)
4.4 Global Market, By Region (2018-2023)
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Major Drivers
5.2.1.1 Rising Number of Preterm and Low-Weight Births
5.2.1.2 Public-Private Initiatives to Strengthen Patient Care
5.2.1.3 Increasing Incidence of HAI's Among Newborns
5.2.1.4 Changing Clinical Risks for Congenital and Obstetric Complications
5.2.1.5 Rising Number of Neonatal Care Facilities Worldwide
5.2.2 Restraints
5.2.2.1 Premium Pricing of Advanced Neonatal Care Equipment
5.2.2.2 Growing Preference for Refurbished Devices Across Emerging Countries
5.2.3 Opportunities
5.2.3.1 Development of Integrated and Multifunctional Neonatal Care Equipment
5.2.3.2 Emerging Markets
5.3 Industry Trends
5.3.1 Development of Affordable and User-Friendly Products
5.3.2 Sustainability of Players in A Highly Competitive Market
6 Fetal (Labor & Delivery) Care Equipment Market, By Type
6.1 Introduction
6.2 Fetal Ultrasound Devices
6.2.1 Acceptance of Ultrasound Devices has Grown in OB/GYN Applications
6.3 Fetal Doppler Devices
6.3.1 Growing Availability of Home-Use Systems is A Key Trend in This Market Segment
6.4 Fetal MRI Systems
6.4.1 Localized Manufacturing of Cost-Effective Products Will Boost MRI Use
6.5 Fetal Monitors
6.5.1 Antepartum Fetal Monitors
6.5.2 Increasing Prevalence of Obstetric Complications and Preterm Births are Driving Market Growth
6.5.3 Intrapartum Fetal Monitors
6.5.4 Internal Monitoring Provides Clinical Accuracy, Ease of Use, and Simultaneous Monitoring Capabilities
6.6 Fetal Pulse Oximeters
6.6.1 Increasing Use of Refurbished Products A Key Restraint for the Pulse Oximeters Market
7 Neonatal Care Equipment Market, By Product
7.1 Introduction
7.2 Infant Warmers
7.2.1 Electric Warmers
7.2.1.1 Development of Low-Cost and Advanced Warmers is Driving Market Growth
7.2.2 Non-Electric Warmers
7.2.2.1 Ease of Use and Cost-Effectiveness, Among Other Benefits, are Driving the Use of Non-Electric Warmers
7.3 Neonatal Incubators
7.3.1 Rising Incidence of Neonatal Hypothermia has Ensured A Sustained Demand for Incubation
7.4 Convertible Warmers & Incubators
7.4.1 Potential Cost Savings and Low Space Requirements Will Help Support This Market Segment
7.5 Neonatal Phototherapy Equipment
7.5.1 Conventional Phototherapy
7.5.1.1 Conventional Phototherapy has Been Used for Over 40 Years for Treating Neonatal Jaundice
7.5.2 Fiber-Optic Phototherapy
7.5.2.1 Long Treatment Times Associated With Fiber-Optic Phototherapy May Hinder Its Adoption
7.6 Respiratory Care Devices
7.6.1 Neonatal Ventilators
7.6.1.1 Technological Advancement is A Key Driver of Market Growth in This Segment
7.6.2 Continuous Positive Airway Pressure Devices
7.6.2.1 CPAP is Used Mainly in Hospital Settings, as IT Needs Specialized Training
7.6.3 Resuscitators
7.6.3.1 Encouragement to Provide Products at Affordable Prices has Helped Drive Resuscitator Use
7.6.4 Other Respiratory Care Devices
7.7 Neonatal Monitoring Devices
7.7.1 Blood Pressure Monitors
7.7.1.1 High Incidence of Hypertensive Births are Driving the Demand for Blood Pressure Monitors
7.7.2 Cardiac Monitors
7.7.2.1 These are Commonly Used for the Diagnosis of Conduction Defects
7.7.3 Pulse Oximeters
7.7.3.1 Growing Emphasis on O2 Monitoring and Rising Awareness Have Boosted the Use of Pulse Oximeters
7.7.4 Capnographs
7.7.4.1 Technical Limitations Associated With Capnography has Hindered Its Adoption
7.7.5 Extracorporeal Membrane Oxygenation Systems
7.7.5.1 Rising Incidences of Cardiac Anomalies, Among Other Factors, has Supported the Use of ECMO Systems
7.7.6 Integrated Monitoring Devices
7.7.6.1 Lack of Awareness on the Benefits of Integrated Devices is Restraining Market Growth
7.8 Neonatal Diagnostic Imaging Devices
7.8.1 Ultrasound Systems
7.8.1.1 Development of Quality, Affordable, and Portable Units has Contributed to the Market Growth
7.8.2 X-Ray Imaging Systems
7.8.2.1 Risk of Radiation Exposure has Tempered the Use of X-Ray Systems in Neonatal Care
7.8.3 Other Neonatal Diagnostic Imaging Devices
8 Fetal and Neonatal Care Equipment Market, By Region
8.1 Introduction
8.2 North America
8.2.1 Us
8.2.1.1 Availability of Government Funding and Support for Fetal Health has Contributed to Market Growth
8.2.2 Canada
8.2.2.1 Rising Maternal Age and Use of Infertility Drugs Have Resulted in an Increased Preterm Birth Rate
8.3 Europe
8.3.1 Germany
8.3.1.1 Strong Infrastructural Base and Expenditure on Healthcare Have Enabled Easy Healthcare Access
8.3.2 France
8.3.2.1 Average Age at First Pregnancy in France has Increased to 30 Years
8.3.3 UK
8.3.3.1 Smoking, Maternal Obesity, and Poverty Have Increased Neonatal Mortality Rate in the UK
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.1.1 Rising Maternal Age and High Preterm Birth Rate are Driving Market Growth
8.4.2 China
8.4.2.1 The Number of Privately Owned Hospitals has Increased in China
8.4.3 India
8.4.3.1 India Tops the List of Countries With the Greatest Number of Preterm Births
8.4.4 Rest of Asia Pacific
8.5 Rest of the World
9 Competitive Landscape
9.1 Overview
9.2 Global Market Ranking Analysis (2017)
9.2.1 Global Key Players in the Fetal Care Equipment Market
9.2.2 Global Key Players in the Neonatal Care Equipment Market
9.3 Competitive Scenario
10 Competitive Landscape
10.1 GE Healthcare (A Division of General Electric Company)
10.2 Philips Healthcare (A Division of Koninklijke Philips N.V.)
10.3 Drgerwerk AG & Co. KGaA
10.4 Masimo Corporation
10.5 Atom Medical Corporation
10.6 Fisher & Paykel Healthcare Limited
10.7 Natus Medical Incorporated
10.8 Phoenix Medical Systems Pvt. Ltd.
10.9 Medtronic PLC
10.10 Cardinal Health
10.11 Toitu Co. Ltd.
10.12 Utah Medical Products Inc.
10.13 Arjo
10.14 Edan Instruments Inc.
10.15 Vyaire Medical Inc
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