The Europe fetal and neonatal care equipment market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 6.8% during 2023–2031. Growth of the market is attributed to the riding demand for neonatal devices owing to increasing number of preterm and low-weight births.
Fetal monitoring devices are principal tools that are generally required in obstetrics and gynecology interventions, to examine fetal health during labor and delivery. Neonatal devices are rigorously used in neonatal intensive care units (NICUs), where monitoring devices and complex machines are designed for the unique needs of newborn babies.
The Covid-19 pandemic had an adverse impact on the Europe fetal and neonatal care equipment market. There has been significant reduction in premature births during the 2020 nationwide lockdown. Additionally the neonatal immune system plays a crucial role in fighting against SARS-CoV2 infection.
Therefore, the need for fetal and neonatal care equipment to fight the COVID-19 infection is not imperative thereby hindering the market growth; however, the government’s steps and strategies have helped to neutralised the situation. This pandemic has encouraged the key players to implement advance technologies to overcome these challenges and expand the market growth.
Market Trends, Drivers, Restraints, and Opportunities
-
Increasing pregnancy and congenital complications owing to a sedentary lifestyle is expected to drive the Europe fetal and neonatal care equipment market during the forecast period.
-
Rising number of preterm births in Europe is one of the extensive causes of death in early childhood in the region. Neonatal intensive care unit (NICU) provide special care to Preterm babies, due to which the demand for neonatal devices is also growing,
-
Increasing incidence of diseases and associated complications among newborns is estimated to propel the market growth in coming years.
-
Rising cost of neonatal care is projected to hinder the European fetal and neonatal care equipment market.
-
R&D investment and technological advancement in the Europe fetal and neonatal care equipment market are expected to offer lucrative opportunities for the market players.
Scope of Europe Fetal and Neonatal Care Equipment Market Report
The report on the Europe fetal and neonatal care equipment market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes
|
Details
|
|
Report Title
|
Fetal and Neonatal Care Equipment Market – Europe Industry Analysis, Growth, Share, Size, Trends, and Forecast
|
|
Base Year
|
2022
|
|
Historic Data
|
2016–2021
|
|
Forecast Period
|
2023–2031
|
|
Segmentation
|
Product Type (Fetal Care Equipment [Fetal Dopplers, Fetal Magnetic Resonance Imaging (MRI) Devices, Ultrasound Devices, Fetal Pulse Oximeters, and Others], and Neonatal Care Equipment [Incubators, Neonatal Monitoring Devices, Phototherapy Equipment, Respiratory Assistance, and Monitoring Devices, and Others])
|
|
Geography
|
Germany, United Kingdom, France, Italy, Spain and Rest of Europe
|
|
Report Coverage
|
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
|
|
Key Players Covered in the Report
|
Dragerwerk AG & Co. KGaA, GE Company (GE Healthcare), Siemens Healthineers AG. Hoffmann-La Roche Ltd, and koninklijke pjilips N.V
|
Europe Fetal and Neonatal Care Equipment Market Segment insights
The neonatal care equipment segment is projected to constitute a large market share
Based on product type, the Europe fetal and neonatal care equipment market is segregated into fetal care equipment and neonatal care equipment.
The fetal care equipment is further sub divided into fetal dopplers, fetal magnetic resonance imaging (MRI) devices, ultrasound devices, fetal pulse oximeters, and others and neonatal care equipment is further divided into incubators, neonatal monitoring devices, phototherapy equipment, respiratory assistance, and monitoring devices, and others.
The neonatal care equipment segment is expected to account for a key share of the market during the forecast period owing to the growing prevalence of preterm births in the region due to increasing age of pregnancy and changing lifestyles of mothers.
Furthermore, preterm-born babies are more prone to infections and diseases and require more care. Increasing number of preterm-born babies is projected to spur the market growth. Additionally, increasing awareness and research on wireless monitors, growing need for neonatal monitors, and the collaborations of these regions with major players and their launches in this region are anticipated to propel the segment growth during the forecast period
France is expected to dominate the market
In terms of geography, the market is broadly classified into Germany, United Kingdom, France, Italy, Spain, and Rest of Europe. The market in France is anticipated to expand at a robust CAGR during the forecast period. Increasing number of preterm and low-weight births coupled with advanced fetal and neonatal care equipment in this region is expected to drive the market growth in near future.
Segments
The Europe fetal and neonatal care equipment market has been segmented on the basis of:-
Product Type
- Fetal Care Equipment
- Fetal Dopplers
- Fetal Magnetic Resonance Imaging (MRI) Devices
- Ultrasound Devices
- Fetal Pulse Oximeters
- Others
- Neonatal Care Equipment
- Incubators
- Neonatal Monitoring Devices
- Phototherapy Equipment
- Respiratory Assistance
- Monitoring Devices
- Others
Geography
- Germany
- United Kingdom
- France
- Italy
- Spain
- Rest of Europe
Key Companies
- Dragerwerk AG & Co. KGaA
- GE Company (GE Healthcare)
- Siemens Healthineers AG
- Hoffmann-La Roche Ltd
- koninklijke pjilips N.V
Competitive Landscape
Key players competing in the Europe fetal and neonatal care equipment market include Dragerwerk AG & Co. KGaA, GE Company (GE Healthcare), Siemens Healthineers AG, Hoffmann-La Roche Ltd, and koninklijke pjilips N.V.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares. For instance,
-
In November 2020, Drägerwerk AG & Co. KGaA launched a new Dräger Pressure-Pod, which transmits the Pes, Paw, and Pga values measured for the patient to the PulmoVista 500 electrical impedance tomography (EIT) device. This feature enables the doctors to obtain information about the pressure ratios in the respiratory system and other derived parameters, thereby, aids in the bedside monitoring of ventilation settings in pediatric patients with respiratory diseases.
-
In May 2020, Drägerwerk AG & Co. KGaA introduced Evita V800 and V600, and Babylog VN600 and VN800 to ease the intensive care ventilation of adults to premature babies, with an operating concept designed to enable the flexible orientation and to provide transparent user guidance.
Request For Customization
Enquiry Before Buying
Speak With Analyst
