The Europe fetal & neonatal monitoring market size is expected to expand at a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the rising number of preterm and low-weights birth infants.
Fetal and neonatal monitoring devices is used to check the fetal heart rate and uterine contractions during pregnancy and childbirth. Ultrasound Doppler and internal fetal monitors are widely used by fetal and neonatal monitoring service providers. The market for fetal and neonatal monitor devices is limited by the strict policies governing this market. Manufacturers of fetal and neonatal products require to pass a few tests and requirements set by different regulatory agencies.
Market Trends, Drivers, Restraints, and Opportunities
- Growing number of newborn intensive care unit (NICU) admissions is estimated to contribute to the market growth.
- The technological advancements in the equipment anticipated to spur the growth of the market.
- Higher prices of advanced neonatal & neonatal care equipment can hinder the market growth.
- Rising congenital and pregnancy complications due to sedentary lifestyle can create challenges for the market growth.
- Increasing prevalence and requirement to reduce the infant mortality rates with improving healthcare conditions is anticipated to propel the market growth.
Scope of the Report
The Europe fetal & neonatal monitoring market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Fetal & Neonatal Monitoring Market - Europe Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Product Types (Fetal Monitoring Devices [Heart Rate Monitors, Pulse Oximeters, Uterine Contraction Monitors, and Others] and Neonatal Monitoring Devices [Blood Pressure Monitors, Capnographs, Cardiac Monitors, Pulse Oximeters, and Others]), and End-users (Hospitals, Neonatal Care Centers, and Others)
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Geographical Scope
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France, The UK, Spain, Italy, Germany, and Rest of Europe
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Koninklijke Philips NV; Draegerwerk AG & Co. KGaA; Medtronic Plc; Siemens Healthcare GmbH; and Becton, Dickinson and Company
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Europe Fetal & Neonatal Monitoring Market Segment Insights
Neonatal monitoring devices segment to grow at a rapid pace
Based on product types, the market is bifurcated into fetal monitoring devices and neonatal monitoring devices. The fetal monitoring devices market segment is further segregated into heart rate monitors, pulse oximeters, uterine contraction monitors, and others. The neonatal monitoring devices market segment is categorized as pressure monitors, capnographs, cardiac monitors, pulse oximeters, and others. The neonatal monitoring devices segment is anticipated to grow at a steady rate during the forecast period. Neonatal monitoring devices are used in the neonatal intensive care unit (NICU), emergency room, and surgical theater at all levels of hospitals to monitor newborns and infants. The neonatal monitor is designed to continuously measure and give important parameters of the life of newborns and premature babies, especially those under intensive care. Thus, an increase in premature births in the region spurs the market segment growth. According to an article published in 2018 by Sandrine Ceurstemont, approximately 500,000 premature babies are born in Europe each year.
Hospitals segment to account a significant market share
In terms of end-users, the Europe fetal & neonatal monitoring market is classified as hospitals, neonatal care centers, and others. The hospitals segment is projected to account for a significant market share during the forecast period due to increased neonatal intensive care unit (NICU) adoption and sales of respiratory equipment, especially respiratory distress syndrome in neonatal.
Germany anticipated to constitute a key market share
On the basis of geography, the market is categorized as France, the UK, Spain, Russia, Italy, Germany, and Rest of Europe. Germany is expected to constitute a key share of the market during the forecast period due to presence of solid academic and research background. Moreover, the market in the UK is estimated to expand at a rapid pace in the coming years.
Segments
The Europe fetal & neonatal monitoring market is segmented on the basis of:
Product Types
- Fetal Monitoring Devices
- Heart Rate Monitors
- Pulse Oximeters
- Uterine Contraction Monitors
- Others
- Neonatal Monitoring Devices
- Blood Pressure Monitors
- Capnographs
- Cardiac Monitors
- Pulse Oximeters
- Others
End-users
- Hospitals
- Neonatal Care Centers
- Others
Geography
- France
- The UK
- Spain
- Italy
- Germany
- Rest of Europe
Key Players
- Koninklijke Philips NV
- Draegerwerk AG & Co. KGaA
- Medtronic Plc
- Siemens Healthcare GmbH
- Becton, Dickinson and Company
Competitive Landscape
The key players competing in the Europe fetal & neonatal monitoring are Koninklijke Philips NV; Draegerwerk AG & Co. KGaA; Medtronic Plc; Siemens Healthcare GmbH; and Becton, Dickinson and Company