The latest market report published by Credence Research, Inc. “Fetal and Neonatal Care Device Market – Growth, Future Prospects and Competitive Analysis, 2016 – 2024”, the global fetal and neonatal care device market was valued at US$ 6,558.5 Mn in 2015, and is expected to reach US$ 9,868.1 Mn by 2024, expanding at a CAGR of 5.2% from 2016 to 2024.
The purpose of the report is to illustrate the state of the market of Fetal And Neonatal Care Device, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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According WHO studies, every year nearly 41% of all under-five child deaths are among newborn infants, babies in their first 28 days of life or the neonatal period. The neonatal period is one of the most vulnerable periods for child’s health. According to WHO report, an estimated 15 million babies are born preterm (before 37 completed weeks of gestation) every year, and this number is rising. Some of the causes of the preterm birth are early induction of labour or caesarean birth, increase in maternal age, changes in lifestyle such as smoking, drinking, obesity etc. Fetal and neonatal equipment help in early diagnosis, monitoring, prevention and evaluation of disease for fetal and neonatal care. With increased awareness about neonatal care, government initiatives to provide better maternal and neonatal care, there is being an increase in demand for fetal and neonatal care equipment. Other key drivers are technological advancement and growth in affordability in both developed and developing economies.
The global fetal and neonatal care device market is segmented by monitoring device type into fetal monitors that includes antepartum/external fetal monitors and intrapartum/internal fetal monitors; neonatal monitoring devices including blood pressure monitors, cardiac monitors, pulse oximeters, capnographs, integrated monitoring devices and respiratory assistance and monitoring devices. The fetal monitors segment currently dominates the overall fetal and neonatal care device market.
For the purpose of this study, the global fetal and neonatal care device market is also segmented by equipment type into fetal equipment and neonatal equipment. Fetal equipment market is further segmented into ultrasound and ultrasonography devices, fetal dopplers, fetal MRI systems and fetal pulse oximeters. Neonatal equipment market is further categorized into infant warmers, incubators, convertible warmer & incubators, phototherapy (conventional and fiber-optic) equipment and respiratory devices. The neonatal equipment segment currently dominates the overall fetal and neonatal equipment market.
Geographically, North America was identified as the largest market for fetal and neonatal care products in the base year 2015. North America dominated the market due to aging population, advanced sports medicine practices and rising initiatives for maternal and child care in the U.S. and Canada. Asia Pacific is the most attractive market for introducing advanced fetal and neonatal care devices due to the rapid development of healthcare infrastructure, increase in preterm birth and maternal age along with changes in lifestyle and labor treatment and rising disposable income in the countries like China, India, Australia and others.
Market Competition Assessment:
Key players in the global fetal and neonatal care device market are:
Atom Medical Corporation, Analogic Corporation, Becton, Dickinson and Company, CareFusion Corporation, Cooper Surgical, Inc., Drägerwerk AG & Co. KGAA, Fisher & Paykel Healthcare Corporation Limited, FUJIFILM SonoSite, Inc., GE Healthcare, Getinge AB, International Biomedical, Medtronic Public Limited Company, Masimo Corporation, Natus Medical Incorporated, Nonin Medical, Inc., Philips Healthcare, Phoenix Medical Systems Pvt. Ltd., Siemens Healthcare GMBH, and others.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Fetal And Neonatal Care Device buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Fetal And Neonatal Care Device contains:
Analysis and forecast of Fetal And Neonatal Care Device market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Fetal And Neonatal Care Device market;
Assessment and forecast of Fetal And Neonatal Care Device market development;
Financial and business profiles of the leading companies in the Fetal And Neonatal Care Device industry.
– Up to date working Fetal And Neonatal Care Device data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Fetal And Neonatal Care Device for the period 2018 to 2026
– Planned Fetal And Neonatal Care Device additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Fetal And Neonatal Care Device projects by region, key countries, and companies
– Details of major planned Fetal And Neonatal Care Device projects in the world up to 2026
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