The South America fetal & neonatal monitoring market size is projected to expand at a substantial CAGR of 6.9% during the forecast period. Growth of the market is attributed to rising 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. According to the world health organization, Brazil is one of the top ten countries in terms of preterm births. In other developed countries, medically unnecessary inductions and cesarean deliveries before full term have also increased preterm births. However, high costs and strict regulations are limiting market growth.
The Covid-19 pandemic affected the demand and supply of South America fetal & neonatal monitoring 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.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing initiatives and support from government is projected to drive the market.
- Increase in birth rate has fueled the market of fetal & neonatal monitoring.
- Covid 19 pandemic and high cost may hinder the market growth.
- Development of neonatal equipment is anticipated to create immense opportunities for the market players.
Scope of the Report
The report on the South America 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.
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Attributes
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Details
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Report Title
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South America Fetal & Neonatal Monitoring Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2021
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Historic Data
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2019–2020
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Forecast Period
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2021–2028
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Segmentation
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Fetal Monitoring Devices, Neonatal Monitoring Devices
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Regional Scope
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Latin America
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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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Becton, Dickinson and Company, Medtronic Plc, GE Healthcare, Koninklijke Philips NV
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Market Segment Insights:
Neonatal segment is holds major market share during the forecast period
Based on types, the South America fetal & neonatal monitoring market is segregated into fetal monitoring devices and neonatal monitoring devices. Neonatal monitoring instruments are used to continuously monitor neonates and infants in the neonatal intensive care unit (NICU), emergency room, and operating theatre at all levels of hospitals. Premature babies are more vulnerable to infections and diseases, necessitating additional care. The neonatal monitoring system can record electrocardiograms, respiration rates, heart rates, blood pressure, peripheral capillary oxygen saturation (SpO2), and body temperature. According to the global burden of disease, 2019, Brazil had 360097 preterm births in 2019.
Fetal heart rate monitoring system measures baby's heart rate and rhythm (fetus). This allows doctor to monitor how baby is doing. During late pregnancy and labor, healthcare provider may perform fetal heart monitoring. Fetal heart rates range between 110 and 160 beats per minute on average. In labor, there are two methods for monitoring fetal heart rate. Auscultation is a method of listening to the fetal heartbeat on a regular basis. Electronic fetal monitoring is a procedure in which instruments are used to continuously record the fetus' heartbeat and uterine contractions during labor.
Segments
Segments Covered in the Report
The South America fetal & neonatal monitoring market is segmented on the basis of
Types
- Fetal Monitoring Devices
- Neonatal Monitoring Devices
Regions
Key Players
- Becton
- Dickinson and Company
- Medtronic Plc
- GE Healthcare
- Koninklijke Philips NV
Competitive Landscape
The major players in the South America fetal & neonatal monitoring market include Becton, Dickinson and Company, Medtronic Plc, GE Healthcare, Koninklijke Philips NV.
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.
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