Fetal and Neonatal Care Equipment Market

Global Fetal and Neonatal Care Equipment Market is valued at USD 8.12 Billion in 2023 and it is expected to reach USD 13.56 Billion by 2029 with a CAGR of 7.6% over the forecast period.

Global Fetal and Neonatal Care Equipment Market: Global Size, Trends, Competitive, and Historical & Forecast Analysis, 2023-2029: The rising cases of preterm births, increase in maternal age leading to pregnancy complications along with the persisting high birth rate are some of the major factors expected to drive the market growth.

Scope of Global Fetal and Neonatal Care Equipment Market Report-

Fetal care comprises both medical and surgical interventions to aid an unborn child who may die or become handicapped if no action is taken. Medical interventions include drugs given to the mother that cross the placenta and reach the fetus. It also consists of the prenatal diagnosis and potential treatment of congenital disorders and anomalies in pregnant children as well as the coordinated planning of postpartum evaluation and care.

Neonatal care is the sort of care and treatment provided to a baby from the moment of delivery until nearly the first month of life. Neonatal care can also be described as the care provided to a preterm or unwell newborn in a neonatal unit.

Biomedical technologies are needed to take care of small, sick newborns, comprising of radiant warmers and incubators to keep babies warm, self-inflating bags for resuscitation, weighing scales for monitoring weight gain, phototherapy units to treat jaundice, hoods, CPAP machines, and ventilators to provide oxygen or respiratory support.

Depending on the illness that is being treated, there are various kinds of fetal and neonatal operations. These treatments can vary from being more invasive open surgical treatments to less invasive laparoscopic procedures.

Covid-19 Impact on the Global Fetal and Neonatal Care Equipment Market:

The Covid-19 pandemic has had a significant impact on the global fetal and neonatal care equipment market. While the pandemic has created increased demand for medical equipment and supplies used in neonatal care, it has also disrupted the global supply chain and led to delays in production and delivery of products. The pandemic has also resulted in a reduction in healthcare spending in some regions, leading to slower adoption of new medical devices and equipment. However, the pandemic has also brought increased awareness about the importance of neonatal care and the need for advanced medical devices and equipment to ensure the best possible outcomes for newborns and fetuses. As a result, there has been an increase in investments in research and development to develop new and innovative medical devices to cater to the growing demand.

Key Players of Global Fetal and Neonatal Care Equipment Market Report-

Some prominent players in the Fetal and Neonatal Care Equipment Market include.

• BD
• GE Healthcare
• Drägerwerk
• Philips Healthcare
• Cardinal Health
• Medtronic plc
• Fisher & Paykel Healthcare
• Utah Medical Products
• Siemens Healthineers
• Medtronic plc
• Natus Medical
• Analogic
• Masimo
• Spacelabs Healthcare
• Welch Allyn
• OSI Systems
• Nonin Medical
• Masimo Corporation
• Atom Medical

Global Fetal and Neonatal Care Equipment Market Segmentation:-

By Product:

• Fetal Care Equipment
  • Fetal stethoscope
  • Ultrasound Devices
  • Fetal Monitors
    • NST (Nonstress Test) machine
    • Fetal Heart monitoring
    • Others
  • Fetal MRI Systems
  • Fetal Pulse Oximeters
  • Tocodynamometer
  • Others
• Neonatal Care Equipment
  • Monitoring systems
    • Heart or Cardiorespiratory Monitor
    • Blood Pressure Monitor
    • Temperature
    • Pulse Oximeter
  • Radiant Heat Warmers
  • Infant Resuscitation Systems
  • Catheters
  • Incubator
  • Extracorporeal Membrane Oxygenation (ECMO)
  • Continuous Positive Airway Pressure (CPAP)
  • Blood Pressure Machine
  • Body Thermometer
  • Infant Stethoscope
  • Others

By End-User:

• Hospitals
• Clinics
• Other

By Regional & Country Level

• North America
  • US.
  • Canada
• Europe
  • UK.
  • France
  • Germany
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • Southeast Asia
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • GCC
  • Africa
  • Rest of Middle East and Africa

Market Revenue Generation Model:

The global fetal and neonatal care equipment market revenue generation model is primarily based on the sale of various medical devices and equipment used in the care of newborns and fetuses. These devices include fetal monitors, incubators, phototherapy equipment, respiratory assistance devices, and others.

Supply Chain Analysis:

The supply chain for the global fetal and neonatal care equipment market includes raw material suppliers, component manufacturers, medical device manufacturers, distributors, and end-users. Each stage is critical in ensuring the production and delivery of high-quality medical devices and equipment to healthcare providers and patients.

Value Chain Analysis:

The value chain for the global fetal and neonatal care equipment market involves several stages, including research and development, manufacturing, distribution and logistics, marketing and sales, service and support, and end-use. The effective execution of each stage is critical in providing quality care to newborns and fetuses. As the market continues to grow, each stage of the value chain is expected to become more advanced and drive innovation in fetal and neonatal care.

Market Drivers:

Advances in noninvasive imaging and surgical procedures are fueling growth in the neonatal and fetal care market: Noninvasive imaging techniques such as ultrasound, magnetic resonance imaging (MRI), and computed tomography (CT) scans have revolutionized the way healthcare providers diagnose and monitor fetal and neonatal conditions. These imaging techniques provide detailed information about fetal development and can help identify abnormalities, such as congenital heart defects, neural tube defects, and other structural abnormalities.

Several abnormalities in a fetus can now be treated before birth as a result of these advancements. these advances in noninvasive imaging and surgical procedures have revolutionized the neonatal and fetal care market, improving diagnostic accuracy, treatment outcomes, and quality of life for mothers and babies alike. Additionally, these techniques can help healthcare providers monitor the health and development of fetuses and newborns, enabling early intervention and treatment.

rise in the rates of preterm births escalates the demand for various neonatal tests and treatments driving market growth: As per WHO; the rate of preterm delivery varies by country, ranging from 5% to 18% of all infants born. An estimated 15 million infants are born prematurely each year (before 37 completed weeks of gestation). Also, women who get midwife-led continuity of care (MLCC) from professional midwives who are educated and regulated as per international standards are 16% less likely to lose their baby and 24% less likely to have a pre-term delivery.

Preterm newborns in the NICU require various medicines and treatments such as breathing and heart rate monitoring, fluid input and output measurement, blood tests, echocardiography, ultrasound, eye exam, and other therapies. As the rates of preterm births continue to rise, the demand for neonatal and fetal care products and services is increasing. This is particularly true in developed countries where preterm birth rates are higher due to factors such as older maternal age, increased use of reproductive technologies, and higher rates of multiple pregnancies.

Higher maternal age increases the risk for complications post-delivery and raises the requirement for neonatal services: As women delay childbirth, the risk of complications during pregnancy and childbirth increases, leading to a higher demand for neonatal and fetal care products and services. Delayed childbirth has become more prevalent in recent years due to better contraceptive access and advancements in assisted reproductive technology (ART). Also, a known risk factor for poor intrauterine fetal development is maternal age. Chromosome abnormalities, such as down syndrome, are more likely to occur in older mothers.

Even though plenty of research indicates that obstetric and neonatal problems are more common after age 35, women above the age of 35 are becoming pregnant more often. The Centers for Disease Control and Prevention (CDC) has also reported that the birth rate among women in their 30s and 40s has been steadily increasing in the United States. Over 19% of all pregnancies and 11% of all first pregnancies in the US in 2020 were in women aged 35 and older.

Market Restraints:

Higher costs of equipment are a restraining factor for market growth by creating barriers for healthcare providers: Preterm newborns require extensive and costly neonatal care. The cost of preterm baby care is high and escalates with prematurity complications. The increased technology assistance allows younger and more delicate newborns to survive, but this necessitates longer hospitalizations, bigger medical teams, and huge medical bills. Medical interventions like surgery, extended breathing, and parenteral nourishment all help to improve outcomes. But this complexity of care raises the expense of hospital resources, equipment, and manpower.

The high cost of equipment and supplies is a barrier for healthcare providers who seek to implement neonatal and fetal care programs in underserved communities. Efforts to decrease these problems may allow for improved resource allocation and a better knowledge of infant health service requirements. The financial burden it places on families and healthcare systems is a restraining factor for market growth.

Market Opportunities:

Emerging Markets: Emerging markets present a significant opportunity for the fetal and neonatal care equipment market. With the increasing healthcare spending in these regions, there is a growing demand for advanced medical equipment and devices. Manufacturers can capitalize on this opportunity by developing affordable and innovative products that cater to the specific needs of these regions.

Technological Advancements: The advancements in medical technology, such as artificial intelligence, 3D printing, and virtual reality, present an opportunity for manufacturers to develop new and innovative fetal and neonatal care equipment. For example; virtual reality technology can be used to simulate complex procedures, while 3D printing can be used to create customized medical devices.

Market Trends:

Product and Technology Development: The fetal and neonatal care equipment market is witnessing product and technology development trends such as the use of wireless technology in fetal monitoring systems and the increasing adoption of non-invasive respiratory support systems. These trends are aimed at improving neonatal care outcomes and providing greater mobility and flexibility for both the mother and healthcare providers.

Customer Trends: There are customer trends in the global fetal and neonatal care equipment market that are driven by an increasing demand for personalized care and the adoption of telemedicine. Patients and healthcare providers are seeking equipment that is easy to use, provides accurate and real-time data, and can be personalized to meet individual needs. Additionally, the use of telemedicine in neonatal care is growing, allowing healthcare providers to remotely monitor and treat patients, reducing the need for physical hospital visits.

Market Competition Nature:

Product Differentiation through Innovation: Key players in the market, such as GE Healthcare and Philips Healthcare, are investing heavily in R&D to develop new and innovative products. These products are designed to provide greater accuracy, ease of use, and patient comfort, giving companies a competitive edge in the market.

Strategic Collaborations and Partnerships: Companies are engaging in strategic collaborations and partnerships with other players in the market to expand their product offerings and strengthen their market position. For example; in 2019, Medtronic entered into a partnership with Lehigh Valley Health Network to develop and commercialize new neonatal care products.

Mergers and Acquisitions: Mergers and acquisitions are common in the fetal and neonatal care equipment market, with companies seeking to expand their product portfolios and strengthen their market position.

Geography Analysis:

North America:

The rise in rates of preterm births in the US is an influential factor in driving the demand for neonatal care services and equipment. In the USA, in 2021, about one of every 10 infants born was affected due to preterm birth. The US preterm birth rate increased to 10.5% in 2021 from 10.1% in 2020, according to the annual "report card" on maternity and infant health published by a nonprofit group, March of Dimes. Preexisting maternal health issues including hypertension and diabetes along with insufficient prenatal care are factors that contribute to the high occurrence of preterm deliveries.

The prevalence of low-risk caesarean deliveries is still alarmingly high, with Black moms experiencing the greatest rates (31.2%). With over 21.1% of Black women and 26.8% of American Indian/Alaskan Native women in the U.S. not obtaining proper prenatal care, the pandemic has made it even harder for parents to access maternal care from hospitals and other prenatal providers.

Europe:

Increase in maternal age in European countries increases risks for undesirable neonatal outcomes, consequently, driving demand for neonatal care: In high-income countries, advanced maternal age is becoming an increasingly important concern. As maternal age increases, so does the demand for newborn care services. The average age of women having their first child in the EU is steadily rising. The average age in all EU Member States has grown, albeit to varying degrees. In 2022, the average childbearing age in Europe was a little over 30 years.

Reduced fertility, a larger requirement for assisted reproductive therapy, and an increase in comorbidities such as hypertension and diabetes are among the factors contributing to the rise in unfavorable mother and fetal outcomes. Enhancing maternal health in Europe is a top focus for WHO.

Key Benefits of Global Fetal and Neonatal Care Equipment Market Report:

• Global Fetal and Neonatal Care Market report covers in-depth historical and forecast analysis.
• Global Fetal and Neonatal Care Market research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, and Regional and Country Level.
• Global Fetal and Neonatal Care Market report helps to identify opportunities in the marketplace.
• Global Fetal and Neonatal Care Market report covers an extensive analysis of emerging trends and competitive landscape.