Fetal and Neonatal Care Equipment Market Size | 2032

Fetal and Neonatal Care Equipment Market Size | 2032

Segments - Fetal and Neonatal Care Equipment Market by Product (Fetal Care Equipment [Ultrasound Devices, Fetal Dopplers, Fetal MRI Systems, Fetal Monitors {Antepartum and Intrapartum}, and Fetal Pulse Oximeters] and Neonatal Care Equipment [Infant Warmers, Incubators,  Convertible Warmers & Incubators, Gastrostomy Tube, Phototherapy Equipment, Respiratory Devices {Neonatal Ventilators, Continuous Positive Airway Pressure (CPAP) Devices, Oxygen Analyzers & Monitors, Resuscitators, and Others}, and Neonatal Monitoring Devices {Blood Pressure Monitors, Cardiac Monitors, Pulse Oximeters, and Capnography Integrated Monitoring Devices}]), End-user (Hospitals, Diagnostic Centers, Clinics, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2024–2032

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Author : Raksha Sharma
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Report Description


Fetal and Neonatal Care Equipment Market Outlook 2032

The global fetal and neonatal care equipment market size was USD 8.1 Billion in 2023 and is projected to reach USD 14.5 Billion by 2032, expanding at a CAGR of 6.7% during 2024–2032. The market growth is attributed to the ­­increasing number of premature births and rising cases of nosocomial infections in newborns across the globe.

Nosocomial infections or hospital acquired infections are common in neonates. The National Institute of Child Health and Human Development (NICHD) generated a surveillance data of over two decades for the US, showing 20-25% infants who survived three or more days, were examined for blood infection and tested positive.  Studies and research indicate that one million newborns die within the first week of birth, accounting for 75% of neonatal deaths.

  • In 2020, according to the UN Foundation, maternal and infant health has become a global priority due to, 800 women dying every day due to pregnancy and labor. According to the National Vital Statistics Reports, nearly 20,850 fetal mortalities were found in the US at 20 weeks of gestation, showing an alarming rate of fatalities. This emphasizes the need for neonatal care devices.

Fetal and neonatal care equipment market is rapidly evolving, driven by advancements in technology, a growing focus on mother & newborn health, and an increasing number of preterm births.

Miniaturization and portability are leading to small equipment, light, and portable, allowing for easy use in diverse settings and improving patient comfort. Similarly, techniques that avoid the need for invasive procedures, such as doppler ultrasound and pulse oximetry, are gaining popularity due to their safety and ease of use. Moreover, equipment is becoming increasingly connected, allowing for remote monitoring of vital signs and data sharing between healthcare professionals, improving efficiency and timely interventions.

  • On January 30, 2019, GE healthcare launched Achtung, baby, a wireless fetal heart rate monitor, which shows a real time monitoring of heart rates and uterine activities of the fetus.

Manufacturers are increasingly developing eco-friendly equipment with reduced energy consumption and waste generation. The demand for fetal and neonatal care equipment is rising in developing countries, creating new opportunities in the market. These trends are expected to continue shaping the fetal and neonatal care equipment market in the coming years, leading to improved outcomes for mothers and newborns across the globe.

Fetal and Neonatal Care Equipment Market Outlook

Impact of Artificial Intelligence (AI) in the Fetal and Neonatal Care Equipment Market

Artificial Intelligence has enhanced the fetal and neonatal care equipment market. AI algorithms analyzes a vast amount of data from fetal monitors, ultrasounds, and other sources to identify subtle patterns and predict potential complications with higher accuracy than traditional methods, enabling early intervention.

Personalized risk assessment generates and monitors patient data and medical history to create personalized risk profiles for mothers and newborns, allowing for targeted monitoring and preventive measures. The real-time decision support continuously tracks the vital signs and environmental factors in incubators and neonatal intensive care units (NICUs), providing real-time insights and alerting caregivers to potential issues before they escalate.

AI had improved treatment and care of fetus and neonates by optimizing ventilation and temperature, automate drug dosage, revolutionizing workflow & efficiency, automating tedious tasks, and telehealth.

Fetal and Neonatal Care Equipment Market Dynamics

Fetal and Neonatal Care Equipment Market Dynamics


Major Drivers

Increasing number of premature deliveries is increasing the number of death rate and therefore, rising the demand for fetal and neonatal care equipment.

  • In July 2020, a report published by the International Journal of Gynecology & Obstetrics, stated that around 15 million babies are born prematurely across the globe, resulting 11% global preterm birth rate, every year. 

The increase in the focus of preventive care boosts the market. Rising healthcare costs are putting pressure on manufacturers to develop cost-effective solutions, driving the global market. Additionally, the strategic partnership among key players and launch of latest products are expected to drive the market during the forecast period.

  • In May 2020, Dragerwerk AG & Co. KGaA launched four products for acute care ventilation of premature babies and adults.

Advancements in genomics and personalized medicine are leading to the development of equipment tailored to individual patient needs, improving treatment outcomes. The demand for fetal and neonatal care equipment is rising in developing countries, boosting the market.

Existing Restraints

High costs of advanced equipment such as sophisticated AI-powered devices, miniaturized solutions, and other innovative equipment are limiting the adoption of these equipment among the population in resource-constrained settings and potentially widening healthcare disparities.

Stringent regulations which are required for the safety and efficacy are time-taking process, therefore are delaying the availability of advanced products to the population. Moreover, the laborious approval process for new technologies, delaying their availability to patients.

Data privacy concerns associated with the AI-powered equipment are expected to hinder the market during the projection period. The concerns about data privacy and potential biases in AI algorithms are expected to create resistance among some patients or families, impacting the use of certain technologies.

Lack of awareness and training of healthcare professionals to the potential benefits and limitations of AI-powered equipment, constraining its adoption and effective use. Overcoming these restraining factors is expected to be crucial for maximizing the positive impact of the advancements in the fetal and neonatal care equipment market, ensuring equitable access to these technologies and ultimately improving the lives of mothers and newborns globally.

Emerging Opportunities

­The fetal and neonatal care equipment market is experiencing significant growth due to technological advancements, increased healthcare awareness, and a growing emphasis on personalized care. Key areas of potential include the integration of AI and Machine Learning, which are expected to enhance predictive analytics, automate decision support, and develop smart devices that automate tasks and provide continuous patient feedback.

Personalized medicine and precision diagnostics are also being developed, with genetic testing and biomarkers enabling targeted interventions and personalized treatment approaches for mothers and newborns. Non-invasive diagnostic tools such as tele-ultrasounds are anticipated to improve early detection of abnormalities and enhance access to diagnostics in remote areas. Point-of-care testing is projected to facilitate fast decision-making and improve treatment outcomes.

Remote monitoring and telehealth are also being developed, with connected devices and cloud-based platforms enabling timely interventions and improved continuity of care, especially for high-risk pregnancies or newborns. Telehealth consultations improves access to expert care and emotional support for families. Wearable monitors for mothers and newborns are expected to empower mothers and provide valuable data to healthcare professionals.

Sustainability and cost-effectiveness are also being prioritized, with energy-efficient equipment and cost-effective solutions designed for resource-limited settings. Subscription-based models is predicted to make affordable equipment for small healthcare facilities. Collaboration and innovation ecosystems are also being fostered through partnerships between healthcare providers, researchers, technology companies, open-source platforms, and supporting startups & entrepreneurs.

Scope of the Fetal and Neonatal Care Equipment Market Report

The market report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics are included in the report.

Attributes Details
Report Title Fetal and Neonatal Care Equipment Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year 2023
Historic Data 2017 -2022
Forecast Period 2024–2032
Segmentation Product (Fetal Care Equipment [Ultrasound Devices, Fetal Dopplers, Fetal MRI Systems, Fetal Monitors {Antepartum and Intrapartum}, and Fetal Pulse Oximeters] and Neonatal Care Equipment [Infant Warmers, Incubators,  Convertible Warmers & Incubators, Gastrostomy Tube, Phototherapy Equipment, Respiratory Devices {Neonatal Ventilators, Continuous Positive Airway Pressure (CPAP) Devices, Oxygen Analyzers & Monitors, Resuscitators, and Others}, and Neonatal Monitoring Devices {Blood Pressure Monitors, Cardiac Monitors, Pulse Oximeters, and Capnography Integrated Monitoring Devices}]) and End-user (Hospitals, Diagnostic Centers, Clinics, and Others)
Regional Scope Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
Key Players Covered in the Report Atom Medical Corporation; Becton, Dickinson and Company; Fisher & Paykel Healthcare Limited; GE Healthcare; Inspiration Healthcare Group plc; Koninklijke Philips NV; Medtronic; Natus Medical Incorporated; and Vyaire


Fetal and Neonatal Care Equipment Market Segment Insights

Product Segment Analysis

Based on product, the fetal and neonatal care equipment market is bifurcated into fetal care equipment and neonatal care equipment. The fetal care equipment segment held the major share of the market in 2023, owing to a large number of products that are essential for monitoring the vitals, positioning, and movements of the fetus. The fetal care equipment segment is further segmented into ultrasound devices, fetal dopplers, fetal MRI systems, fetal monitors, and fetal pulse oximeters.

The ultrasound devices segment is expected to expand at a significant pace during the forecast period, due to its use in having a clear view of fetus positioning and movement. Moreover, the frequent visit of women during the time or post pregnancy for clinical check-ups and ultrasonography is predicted to drive the market in the coming years. The fetal monitors segment is expected to increase significantly in the coming years, owing to its high specificity and real-time analysis of the fetal vitals.

The neonatal care equipment segment is expected to expand at a significant growth rate in the coming years. This segment is further sub-segmented into infant warmers, incubators, convertible warmers & incubators, gastrostomy tube, phototherapy equipment, respiratory devices, and neonatal monitoring devices. The incubators segment holds a large market share and is expected to expand significantly during the forecast period. Increasing number of premature births, neonatal diseases, and decreasing immunity of neonates, are driving the usage of incubators significantly.

End-user Segment Analysis

On the basis of end-user, the global fetal and neonatal care equipment market is segregated into subsegments. The hospital segment held largest market share in 2023. Presence of latest technology, prolonged NICU admissions of neonates, frequent visits of a mother during and post pregnancy to the hospital is driving the segment. Moreover, the high of premature birthrates and availability of advanced infrastructure, skilled doctors, and improved patient care is expanding the hospital segment.

The clinics segment is expected to expand at a significant pace during the forecast period. The specialized services and high patient preferences is driving the segment.  Moreover, the availability of doctors when required and short waiting times are expected to expand the global market during the forecast period.

Fetal and Neonatal Care Equipment Market End - Users

Regional Outlook

In terms of region, the global fetal and neonatal care equipment market is classified as Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa. North America held a major market share in 2023, due to advanced infrastructure and presence of key market players in this region. Furthermore, awareness and high acceptance of latest technology launched in the region are boosting the North America market.  

  • In May 2023, Samsung, launched a high-end ultrasound system, Samsung V8, which offers advanced imaging capabilities for a range of applications, including fetal assessment and neonatal examinations. It offers improved image quality and workflow efficiency.

The market in Asia Pacific is projected to expand at a significant pace in the near future, owing to the large population and rising premature birth rates in the region. Moreover, government initiatives for the awareness of neonatal care are expected to drive the market during the forecast period. The World Health Organization (WHO) has released a number of premature birthrates in South Asia and Africa, which is 60% of the total population.

Fetal and Neonatal Care Equipment Market Region

Segments

The fetal and neonatal care equipment market has been segmented on the basis of

Products

  • Fetal Care Equipment 
    •   Ultrasound Devices
    •   Fetal Dopplers
    •   Fetal MRI Systems
    •   Fetal Monitors
      • Antepartum
      • Intrapartum
    •     Fetal Pulse Oximeters
  • Neonatal Care Equipment 
    •     Infant Warmers
    •     Incubators
    •     Convertible Warmers & Incubators
    •     Phototherapy Equipment
    •     Respiratory Devices
      • Neonatal Ventilators,
      • Continuous Positive Airway Pressure (CPAP) Devices,
      • Oxygen Analyzers & Monitors,
      • Resuscitators
      • Others
  • Neonatal Monitoring Devices
    • Blood Pressure Monitors,
    • Cardiac Monitors,
    • Pulse Oximeters,
    • Capnography, and
    • Integrated Monitoring Devices

End-users

  • Hospitals,
  • Diagnostic Centers,
  • Clinics, and
  • Others

Region

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Atom Medical Corporation
  • Becton, Dickinson and Company
  • Fisher & Paykel Healthcare Limited
  • GE Healthcare
  • Inspiration Healthcare Group plc
  • Koninklijke Philips NV
  • Medtronic
  • Natus Medical Incorporated
  • Vyaire

Competitive Landscape

Key players competing in the global fetal and neonatal care equipment market are Atom Medical Corporation; Becton, Dickinson and Company; Fisher & Paykel Healthcare Limited; GE Healthcare; Inspiration Healthcare Group plc; Koninklijke Philips NV; Medtronic; Natus Medical Incorporated; and Vyaire

These companies use development strategies including mergers, acquisitions, partnerships, collaboration, and product launches to expand their consumer base globally.

  • On January 8, 2024, Medtronic plc., announced the approval of its product Percept RC Deep Brain Stimulation (DBS) system from the U.S. Food and Drug Administration (FDA).
  • In September 2023, GE Healthcare launched a wearable device, CARESCAPE V100 Telemetry System, which continuously monitors the vital signs and movements of high risk neonatal outside the NICU. 
  • In June 2020, Koninklijke Philips N.V. announced the launch of Avalon CL Fetal and Mother Pod and Patch. It is a remote monitoring device which constantly tracks the heart rates of mother and fetus. This is utilized in high-risk pregnancies to minimize the patient and the doctor interaction.
Fetal and Neonatal Care Equipment Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Fetal and Neonatal Care Equipment Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Fetal and Neonatal Care Equipment Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Fetal and Neonatal Care Equipment Market - Supply Chain
  4.5. Global Fetal and Neonatal Care Equipment Market Forecast
     4.5.1. Fetal and Neonatal Care Equipment Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Fetal and Neonatal Care Equipment Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Fetal and Neonatal Care Equipment Market Absolute $ Opportunity
5. Global Fetal and Neonatal Care Equipment Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Fetal and Neonatal Care Equipment Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Fetal and Neonatal Care Equipment Demand Share Forecast, 2019-2026
6. North America Fetal and Neonatal Care Equipment Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Fetal and Neonatal Care Equipment Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Fetal and Neonatal Care Equipment Demand Share Forecast, 2019-2026
7. Latin America Fetal and Neonatal Care Equipment Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Fetal and Neonatal Care Equipment Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Fetal and Neonatal Care Equipment Demand Share Forecast, 2019-2026
8. Europe Fetal and Neonatal Care Equipment Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Fetal and Neonatal Care Equipment Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Fetal and Neonatal Care Equipment Demand Share Forecast, 2019-2026
9. Asia Pacific Fetal and Neonatal Care Equipment Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Fetal and Neonatal Care Equipment Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Fetal and Neonatal Care Equipment Demand Share Forecast, 2019-2026
10. Middle East & Africa Fetal and Neonatal Care Equipment Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Fetal and Neonatal Care Equipment Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Fetal and Neonatal Care Equipment Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Fetal and Neonatal Care Equipment Market: Market Share Analysis
  11.2. Fetal and Neonatal Care Equipment Distributors and Customers
  11.3. Fetal and Neonatal Care Equipment Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

Methodology

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