Fetal (Labor & Delivery) And Neonatal Care Equipment Market Analysis By Product (Ultrasound, MRI, Fetal Monitors, Infant Incubators, Neonatal Monitoring, Respiratory Assistance), By End-use, & Segment Forecasts, 2018 - 2025

Industry Insights

The global fetal and neonatal care market size was valued at USD 6.7 billion in 2016 and is projected to grow at a CAGR of 7.6% over the forecast period. Some of the factors responsible for market growth are the high birth rate in developing countries, rising prevalence of preterm births, and efforts by the government to increase survival rates in such cases. In addition, increasing prevalence of neonatal hospital-acquired infections and rising awareness about neonatal health & care equipment is expected to contribute to the growth.

According to the UN Foundation maternal & infant care is a global priority, since around 800 women die every day from preventable causes associated with pregnancy or childbirth. This has led to increased demand for neonatal and fetal care equipment. Furthermore, HAIs are primarily a concern for premature and infants with medical disorders requiring prolonged hospitalization. The WHO data states that 2.7 million stillbirths and 3.1 million neonatal deaths occur worldwide annually. Furthermore, preterm and low weight birth babies are susceptible to many heath risks and require specialized care. Hence, demand for neonatal equipment is expected to grow exponentially.

U.S. fetal & neonatal care equipment market, by product, 2014-2025 (USD Million)

Neonatal equipment has been observed to have increasing demand in middle-income countries, as birth rates in these countries are higher, and the priority for improved fetal & neonatal care is high in these countries. As a result, sales of the equipment are expected to flourish at a rapid rate.

Fetal Care Equipment Insights

In 2016, ultrasound devices held the largest share owing to its increasing application to view the fetus during pregnancy. In addition, rising awareness, technological advancements, and ease in utility have further triggered the usage of portable and do-it-yourself ultrasound devices for home-use.

Fetal monitors are anticipated to witness fastest growth rate during the forecast period, owing to its utility in determining the baby's heart rate during pregnancy and labor. Fetal monitoring devices are essential as it allows continuous monitoring of the baby's heart rate and contractions and assists in labor too.

Neonatal Care Equipment Insights

Monitoring devices segment held the largest share in the year 2016, owing to factors such as constant technological advancements in neonatal monitors including improvements in connectivity and ease-of-use in home settings.

On the other hand, respiratory devices are expected to exhibit fastest growth rate owing to increasing demand for respiratory care in neonatal in order to reduce the length of hospital stay and risk of long-term disability. Nearly all newborns are prone to respiratory difficulties at birth, and neonate respiratory devices ease the process ensuring better health of the baby.

North America fetal & neonatal care equipment market, by end-use, 2016 (%)

End-use Insights

By end-use, the neonatal infant care equipment market is segmented into hospitals, clinics, and others. The hospitals end use segment is expected to hold the highest share globally in 2015. Factors attributing to their large share are large R&D capabilities coupled with their requirement to house the latest and most technologically advanced equipment to ensure better reimbursement and patient preference.

Clinics hold the second largest share in the overall end-use segment. Clinics deliver specialized services and are often preferred in places wherein large scale setups are not available. Clinics are expected to grow at a steady CAGR through the forecast period.

Regional Insights

North America held the largest share of the global fetal and neonatal care equipment market in 2015. The U.S. accounted for a major share owing to a huge demand for technologically advanced products ensuring better healthcare delivery. The value-based healthcare model has led to the development of well-equipped NICU centers along with increasing number of approvals for these devices from the FDA.

On the other hand, the Asia Pacific market is anticipated to register the fastest growth development in the forecast period. Increasing government initiatives in developing countries such as India has established strong demand for pediatric health equipment. For instance, the National Rural Health Mission is an initiative aimed at increasing public expenditure on health to provide better healthcare facilities to mothers and children.

Competitive Insights

The major players identified in the global fetal and neonatal care equipment market include Becton, GE Healthcare, Dickinson and Company, Koninklijke Philips N.V, THE DRAGER GROUP, and Medtronic. This industry is expected to be concentrated, which is evident from the presence of a large number of public players occupying a high market concentration ratio.

These players are collaborating with leading child care provider networks, to ensure better recognition and push product sales. For instance, Boston Children’s Hospital and GE Healthcare collaborated for the treatment and diagnosis of pediatric brain disorders by using smart imaging technology.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional & country levels and provides an analysis of the latest trends and opportunities in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the fetal (labor & delivery) and neonatal care equipment market on the basis of product and end-use:

• Product Outlook (Revenue, USD Million; 2014 - 2025)

  • Fetal Care Equipment, by Product

    • Ultrasound Devices

    • Fetal MRI Systems 

    • Fetal Monitors 

    • Fetal Pulse Oximeters

  • Neonatal Care Equipment, by Product

    • Infant Warmers 

    • Incubators 

    • Convertible Warmers & Incubators 

    • Phototherapy Equipment 

    • Respiratory Devices 

      • Ventilators

      • Continuous Positive Airway Pressure (CPAP) devices

      • Oxygen analyzers and monitors

      • Resuscitators

      • Others

    • Neonatal Monitoring Devices

      • Blood pressure monitors

      • Cardiac monitors

      • Pulse oximeters

      • Capnographs

      • Integrated monitoring devices

• End-use Outlook (Revenue, USD Million; 2014 - 2025)

  • Hospitals

  • Clinics

  • Others

• Regional Outlook (Revenue, USD Million; 2014 - 2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • UK

  • Asia Pacific

    • Japan

    • China

    • India

  • Latin America

    • Brazil

    • Mexico

  • MEA

    • South Africa

    • Saudi Arabia