Segments - Asia Pacific Fetal Neonatal Care Equipment Market by Types (Fetal Care Equipment, Ultrasound Devices, Fetal Pulse Oximeters, Fetal Dopplers, Fetal Magnetic Resonance Imaging (MRI) Devices, and Others), Neonatal Care Equipment (Phototherapy Equipment, Respiratory Assistance, Monitoring Devices & Incubators, Neonatal Monitoring Devices, and Others), and Geography (China, Japan, India, Australia, South Korea, and Rest of Asia-Pacific) - Asia Pacific Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
The Asia Pacific Fetal Neonatal Care Equipment Market size was valued at USD 13.43 Billion in 2022 and is expected to surpass USD 24.94 Billion by 2031, expanding at a CAGR of 7.12% during the forecast period, 2023 – 2031. Growth of the market is attributed to rising preterm birth rate.
Fetal and neonatal equipment is mostly used to monitor, evaluate, and treat diseases in infants during their prenatal and postnatal stages. Pre-market approval is an FDA process that evaluates the safety and effectiveness of drugs and devices through scientific and regulatory review. Factors such as growing birth rate, preterm births, increasing caesarean sections, and increasing complications during childbirth are fueling the market.
Fetal and neonatal monitoring is critical in providing life-sustaining, non-invasive, and developmentally supportive care to neonates, as well as providing a quiet and serene environment to protect the fetus's development. As a result, there is a high demand for low-cost or locally manufactured products with safety as the primary criterion. Preterm births are not just a problem in low-income countries. The market growth is likely to be influenced by factors such as an increase in the number of pre-matured and low-weight babies.
The Covid-19 pandemic affected the demand and supply of Asia Pacific fetal neonatal care equipment market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Increasing initiatives and support from government is projected to drive the market.
Rising birth rate has fueled the market of fetal & neonatal monitoring.
Covid-19 pandemic and high cost of the product is expected to hinder the market growth.
Development of neonatal equipment is anticipated to create immense opportunities for the market players.
The report on the Asia Pacific fetal 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 |
Asia Pacific Fetal Neonatal Care Equipment Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016-2021 |
Forecast Period |
2023–2031 |
Segmentation |
Types (Fetal Care Equipment, Ultrasound Devices, Fetal Pulse Oximeters, Fetal Dopplers, Fetal Magnetic Resonance Imaging (MRI) Devices, and Others), Neonatal Care Equipment (Phototherapy Equipment, Respiratory Assistance, Monitoring Devices & Incubators, Neonatal Monitoring Devices, and Others) |
Geographical Scope |
China, Japan, India, Australia, South Korea, and Rest of Asia-Pacific |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Atom Medical Corporation; Beckton; Dickinson and Company; Dragerwerk AG & Co. KGaA; GE Company; Koninklijke Philips NV; Masimo; Natus Medical Incorporated; Phoenix Medical Systems (P) Ltd; Vyaire Medical. |
Based on types, the Asia Pacific fetal neonatal care equipment market is segregated into fetal care equipment, ultrasound devices, fetal pulse oximeters, fetal Doppler, fetal magnetic resonance Imaging devices, and others. The fetal Doppler segment is expected to grow at a rapid pace. Growing preference for examining the fetal-placental circulatory system using Doppler imaging in the first trimester of pregnancy, the broadening of the application horizon for fetal Doppler imaging, and the expanding availability of home-use and new smartphone-based fetal Doppler imaging is expected to drive the segment.
On the basis of neonatal care equipment, the Asia Pacific fetal neonatal care equipment market is segregated into phototherapy equipment, respiratory assistance, monitoring devices, incubators, neonatal monitoring devices, and others. The incubators segment is projected to expand at a high CAGR during forecast period. Incubators are used in neonatal intensive care units. They work in tandem with other equipment and processes to provide the best possible environment and constant monitoring for infants who require special attention.
In terms of geography, the Asia Pacific fetal neonatal care equipment market is classified as China, Japan, India, Australia, South Korea, and Rest of Asia-Pacific. According to WHO data, India ranked first among the top ten countries in the world in terms of the number of preterm births followed by China.
The Asia Pacific fetal neonatal care equipment market is segmented on the basis of
Major players in the Asia Pacific fetal neonatal care equipment market include Atom Medical Corporation, Beckton, Dickinson and Company, Dragerwerk AG & Co. KGaA, GE Company (GE Healthcare), Koninklijke Philips NV, Masimo, Natus Medical Incorporated, Phoenix Medical Systems (P) Ltd, and Vyaire Medical.
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.