The fetal and neonatal monitoring devices market size is estimated to register a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to growing technological advancement in infant and maternal care products, increasing number of preterm and low-weight births, and rising congenital and pregnancy complications due to sedentary lifestyle.
Fetal monitoring devices are vital tools routinely used in gynecology and obstetrics interventions to examine fetal health during labor and delivery. Neonatal devices are extensively used in neonatal intensive care units (NICUs) where complex machines and monitoring devices are designed for the unique needs of newborn babies.
The Covid-19 pandemic had an adverse impact on the fetal and neonatal care monitoring 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 monitors 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.
The report on fetal and neonatal monitoring devices 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 Monitoring Market–Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year | 2020 |
Historic Data | 2018–2019 |
Forecast Period | 2021–2028 |
Segmentation | Product Type (Fetal Monitoring Devices [Heart Rate Monitors, Uterine Contraction Monitor, Pulse Oximeters, and Other Fetal Monitoring Devices], and Neonatal Care Monitors [Cardiac Monitors, Capnographs, Blood Pressure Monitors, Pulse Oximeters, and Other Neonatal Monitoring Devices]) |
Regions | Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report | Siemens Healthineers, Becton, Dickinson and Company, Medtronic Plc, GE Healthcare, and KoninKlijke Philips NV |
Based on product type, the fetal and neonatal care monitoring market is segregated into fetal monitoring devices and neonatal monitoring devices. The fetal monitoring devices are further sub divided into heart rate monitors, uterine contraction monitor, pulse Oximeters, and others and neonatal monitoring devices is further divided into Cardiac Monitors, Capnographs, Blood Pressure Monitors, Pulse Oximeters, and others. The neonatal monitoring devices 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.
In terms of regions, the market is broadly classified into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in North America is anticipated to expand at a robust CAGR during the forecast period. The presence of well-established healthcare facilities and the rise in the demand for advanced healthcare systems in this region is expected to drive the market growth in near future; however, Asia Pacific is projected to grow at a rapid pace in coming years due to high patient pool, increasing healthcare expenditures, and rising private hospitals and diagnostic centers in this region.
Segments Covered in the Report
The fetal and neonatal monitoring devices have been segmented on the basis of:-
Product Type
Regions
Key Companies
Key players competing in the fetal and neonatal monitoring devices market include Siemens Healthineers, Becton, Dickinson and Company, Medtronic Plc, GE Healthcare, and KoninKlijke Philips NV
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.
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