North America to Dominate Neonatal & Prenatal Care Market

Rising awareness about neonatal & prenatal healthcare to drive growth of global neonatal & prenatal care market during forecast period

According to TechSci Research report, “Global Neonatal & Prenatal Care Market, By Equipment (Prenatal {Fetal Doppler, Fetal MRI, Fetal Monitor, Fetal Pulse oximetry and others}, Neonatal {Incubators, Neonatal monitoring device {Apnea, Blood pressure, cardio} Phototherapy equipment, Hearing and vision screening instrument, pulse oximetry}), By Application (ENT, Cardiovascular, Respiratory and others), By End User (Hospitals, Pediatric and Neonatal Clinics, Nursing homes), By Region, Competition, Forecast & Opportunities, 2025”, global neonatal & prenatal care market is expected to grow at steady CAGR over the forecast period. Rising incidences of neonatal hospital-acquired infections among new-borns across the globe is one of the major factors accounting for the growth of global neonatal & prenatal care market. Moreover, growing awareness pertaining to the neonatal health & care is further expected to bode well for the growth of global neonatal & prenatal care until 2025. In addition to this, approximately 800 women everyday struggle from ailments which are associated with pregnancy or childbirth. This has resulted in surging demand for neonatal and fetal care, thereby driving the market growth across various economies.  Moreover, rising incidences of preterm births coupled with increasing investments from major market players for developing innovative prenatal diagnostics and monitoring devices is making headway for the growth of global neonatal & prenatal care market over the coming years. Furthermore, lack of awareness related to advanced healthcare facilities along with economic constraints in developing countries might act as major impediment to the growth of global neonatal & prenatal care market through 2025.

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Global neonatal & prenatal care market can be segmented based on equipment, application, end user, and region. Considering the equipment, the market is fragmented into prenatal and neonatal. The prenatal segment is further categorized into fetal doppler, fetal MRI, fetal monitor, fetal pulse oximetry and others. Out of fetal monitor segment is anticipated to grow at the highest CAGR during the forecast period, which can be attributed to its use in determining a baby’s heart rate during pregnancy and labor. Similarly, the neonatal segment is further fragmented into incubators, neonatal monitoring device, phototherapy equipment, hearing and vision screening instrument and pulse oximetry. Among them, monitoring devices segment dominated the market in terms of largest market share on account of factors like continuous technological advancements in neonatal monitors which include enhancements in connectivity and ease-of-use under home settings.

Medtronic, GE Healthcare, Cardinal Health, Smith’s Medical, Getinge AB, Atom Medical Corporation, Philips Healthcare, Masimo, Natus Medical Incorporated, Phoenix Medical Systems (P) Ltd, Vyaire Medical, Becton Dickinson, Fisher & Paykel Healthcare Limited, Welch Allyn, Utah Medical Products Inc. are among others are the leading players operating in global neonatal & prenatal care market.

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“North America is forecast to dominate the global neonatal & prenatal care market over the course of next five years on the account of huge demand for technologically advanced medical products in the United States. Moreover, rising requirements of latest medical technologies and products in hospitals for several applications within developing economies is anticipated to contribute to the rapid adoption of neonatal & prenatal care across the region. Furthermore, high awareness rate regarding the health of expecting mothers and the newborns across the region is further expected to boost the growth of global neonatal & prenatal care market until 2025.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Neonatal & Prenatal Care Market By Global Neonatal & Prenatal Care Market, By Equipment (Prenatal {Fetal Doppler, Fetal MRI, Fetal Monitor, Fetal Pulse oximetry and others}, Neonatal {Incubators, Neonatal monitoring device {Apnea, Blood pressure, cardio} Phototherapy equipment, Hearing and vision screening instrument, pulse oximetry}), By Application (ENT, Cardiovascular, Respiratory and others), By End User (Hospitals, Pediatric and Neonatal Clinics, Nursing homes), By Region, Competition, Forecast & Opportunities, 2025 has evaluated the future growth potential of global neonatal & prenatal care market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global neonatal & prenatal care market.

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