Fetal monitoring devices are vigorous tools that are routinely utilized in gynecology and obstetrics interventions, to examine fetal health throughout labor and delivery. Neonatal devices are extensively utilized in neonatal intensive care units (NICUs), where complex machines and monitoring devices are designed for the unique requirements of newborn babies.
According to the report analysis, ‘Fetal and Neonatal Equipment Market’ states that proper prenatal care and appropriate medical care is imperative for a healthy pregnancy. Further, features such as light weight, compact, improved featured, and remote-based monitoring has allowed the end-users to rely towards effective patient monitoring devices. The fetal and neonatal care equipment’s are projected to see a steady growth during the future. The market is not much explored in developing markets and is going to generate huge market opportunity for the global market.
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In addition, the market is classified into dissimilar product categories: patient monitoring, diagnostic devices, warmers, incubators, and phototherapy equipment’s. The growth in patient monitoring especially fetal and neonatal care equipment’s have seen an augmented the adoption in basic to advanced equipment’s across the globe. The growth in adoption of such devices in underdeveloped countries with several agreements and policies have assisted the market to augment faster. Fetal and neonatal care equipment’s are mostly utilized in emergency and life-threatening complication. Factors propelling the market include congenital diseases, premature health, lifestyle, and chronic conditions such as anemia, bronchopulmonary dysplasia, hyperbilirubinemia, and intraventricular hemorrhage.
The market is rising significantly owing to technological advancement of patient monitoring, respiratory, and phototherapy devices. According to WHO, every year there are nearly 15 million infants born preterm, which is the primary cause for greater mortality. Most of the emerging economies such as India, China, Indonesia, Malaysia, Philippines, and Bangladesh have the highest preterm owing to poor infrastructure and lack of trained professionals.
Although, the neonatal care units have a complex setup with dissimilar types of machines and monitoring devices for rigorous care of neonates or new-born. This segment is underwriting the maximum share due to several factors: preterm births, deformities with new infants, augment initiatives by government to assist and upgrade the prevailing equipment, and growth in demand in lieu with collaborations and agreements for high-excellence neonatal systems. Phototherapy units and warming equipment’s share the supreme revenue holder in the global fetal and neonatal market and is projected to grow steadily in the market.
North America registered for the largest share of the global fetal and neonatal equipment market in the past years. In North America, the US and Canada are the leading countries with newest advances and broad options in selecting the diagnosis for early prevention and treatment. Europe is the second leading region. The market in Europe was greatly driven owing to advances in and replacement of devices in fetal and neonatal care systems. Factors such as augment in the incidence of preterm birth, continuous implementation of advanced technologies, and growing awareness are propelling the market. The leading regions are Germany, France, UK, and Italy to the market.
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Global Fetal and Neonatal Equipment Market
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