The global fetal & neonatal market is expected to grow with the CAGR of 4.8%. The market value was approximately $5,900 million in the year 2015 and the market is expected to increase by $8,174 million by 2022. Global fetal and neonatal care equipment market has huge scope due to significant increase in birth rate and wide adoption of fetal and neonatal care equipment across all the geographies. Globally, the demand for fetal and neonatal care equipment market products is expected to rise further due to increase in adoption of minimally invasive surgeries for delivery. Rising birth rate and preterm birth rate are expected to boost global fetal and neonatal care equipment market. Technological advancement and innovation in global fetal and neonatal care equipment market has created huge scope for global players to enter the market. Rise in fertility tourism has created considerable scope for global fetal and neonatal care equipment market. Global fetal and neonatal care equipment market by product include global NICU equipment product, global labor and delivery product other labor and delivery products which are widely adopted globally.
Additionally, the global adoption of fetal and neonatal care equipments enables the global fetal and neonatal care equipment market to grow fast. Global labor and delivery NICU and equipment market such as respiratory assistance device, infant ventilators market, oxygen hood market, feeding tubes market, intravenous lines, monitoring equipment and so on are expected to display faster growth due to huge adoption.
In the present scenario, the global fetal and neonatal care equipment market is undergoing rapid expansion with adoption of technological support and innovative approaches. Global fetal and neonatal care equipment market is expecting significant expansion in emerging economies such as China, India, Japan, and Korea. The key driving forces for the global fetal and neonatal care equipment market is the global rise in birth rate and preterm-birth rate that is driving the global fetal and neonatal care equipment market. Global rise in adoption of minimally invasive surgeries has created huge scope for the market. Rise in fertility rate has positively influenced the global fetal and neonatal care equipment market. Technological advancement enables the global fetal and neonatal care equipment market to bring huge scope for global labor and delivery equipment market.
Global fetal and neonatal care equipment market includes NICU equipment market, global labor and delivery market and other labor and delivery market. The global NICU equipment market is expected to contribute highest in all the segments of global fetal neonatal care equipment market and expected to hit $XXX in 2022 with a CAGR of XX% during 2016-2022. The global NICU equipment market includes thermal control equipment, infant incubators radiant warmers, and so on. There are other segments which are expected to contribute significantly in the next few years. The global labor and delivery market includes antepartum monitors market, intrapartum monitors market. The other labor and delivery NICU and equipment market includes respiratory assistance device, infant ventilators, oxygen hood, ECMO resuscitators, nasal CPAP, nitric oxide delivery unit, delivery systems such as feeding tubes, intravenous lines, PICC lines other monitoring equipment.
The market for fetal and neonatal care equipment market is largest in North America at XX%. The North American market is driven by highly developed healthcare sector and manufacturing industry. Europe and Asia Pacific have XX% and XX% market share, respectively. These markets are fast emerging with more number of multi specialties hospitals coming in these regions. The market is also driven by much easier government regulations, rising involvement of various private & public organizations to organize awareness programs for the development of fetal care and neonatal care and rising births in Asia-Pacific countries are fueling the growth of the market in the Asia-Pacific region.
The key players in global fetal and neonatal care equipment market are: Analogic corporation, Atom medical international, Inc., Carefusion Corporation, Covidien PLC (Medtronic, Inc.), draegerwerk AG & Co. KGAA, Fisher & Paykel Healthcare Ltd., Masimo Corporation, Roche Holdings, etc. These companies have adopted various strategies to expand their market share globally. One of the key strategy adopted by the key player draegerwerk AG & Co. KGAA are as follows:
On January 20, 2015, Draegerwerk Medical extends partnership with Intensive Care On-line Network
Telford, Pa. – Draeger Medical, Inc. announced it has extended its exclusive agreement with Intensive Care On-line Network (ICON) to provide clinical and educational support to users of Dräger neonatal care equipment, including incubators, neonatal transport systems, infant warming systems and handheld jaundice meters.
