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Kenneth Research has evaluated the current market opportunities in Fetal And Neonatal Monitoring Market in the healthcare industry for the forecast period 2022-2031, which also includes the ongoing industry trends and innovations that will help industry players to attain their business targets. Apart from that, the inclusive data on market size, market share and forecast, growth opportunities and challenges for the market players, along with the worldwide analysis on regions- North America, Latin America, Europe, Asia Pacific and Middle East & Africa, has also been provided in the report.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Fetal And Neonatal Monitoring Market Products.
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According to the statistics by the World Bank, current health expenditure around the world increased from 9.391 % of GDP in the year 2011 to 9.896 % of GDP in the year 2017. Moreover, the statistics also stated that Tuvalu, a nation in Oceania region, had the highest expenditure of 17.143 % of GDP in the year 2017, followed by the United States, with 17.061 % of GDP.
Fetal care and treatment of neonates are a standout amongst the most challenging tasks conceivable because of its one of a kind physiological and developmental needs. Fetal and neonatal monitoring is key in conveying life-maintaining, non-intrusive, and developmentally supportive care to neonates and in giving a tranquil and quiet condition to secure the improvement of the baby. Thus, there is a high demand for these products with low cost or locally manufactured products with safety as the primary criteria.
End-user/Technology
The top users of this technology are mostly from Healthcare institutions (hospitals, medical schools, group practices, individual surgeons, and governing bodies), diagnostic centers & research institutes.
Market Dynamics
Global Fetal And Neonatal Monitoring Market are expected to grow at a CAGR of 7.1 % for the next decade. Some factors such as the increasing prevalence of hospital-acquired infections in newborn babies and large patient populaces of preterm and low weight birth babies in both developed and developing markets interest for neonatal care gear, thus, stimulating the development of the neonatal care hardware market. Again, premature and congenitally ill infants are born as a result of advanced maternal age, induced fertility, labor treatments, inadequate prenatal care, and changes in lifestyle preferences. Various disorders like anemia, bronchopulmonary dysplasia, intraventricular hemorrhage are diagnosed at the time of birth, and this aide in the development of the fetal and neonatal care market.
Market Segmentation
Global Fetal And Neonatal Monitoring Market can be segmented based on type of equipment used for neonatal (ventilators, incubators, phototherapy) and fetal (heart rate monitors, pulse oximeters, intrauterine pressure, catheters, fetal doppler, uterine contraction monitor), in-house monitoring, portability (portable, non-portable), method (invasive, non-invasive), software solutions (user-friendly), application (antepartum, intrapartum), users (hospitals, clinics) and geography (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa).
Regional/Geographic Analysis
Geographically, the global neurology monitoring market is classified into regions namely, North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. As of 2015, North America (comprising the U.S. and Canada) held the most significant share of the worldwide fetal and neonatal care equipment market. A few factors, for example, the presence of a superior repayment structure, the accessibility of specialists (neonatologists) and all around prepared NICU (Neonatal Intensive-Care Unit) focuses are driving the development of the fetal and neonatal care hardware to advertise in North America. Be that as it may, the Asia-Pacific fetal and neonatal care equipment market is relied upon to witness the most astounding development in the conjecture time frame. Rising activities by different private and government associations for directing awareness projects to enhance neonatal care and rising birth rates in Asia-Pacific nations are some of the noteworthy components developing the interest for fetal and neonatal care equipment in the Asia-Pacific area.
Opportunities
The growing popularity of fetal MRI, technological innovations and the high demand for portable and versatile systems are some of the prospects for the market players. However, they face the challenges of increasing product recalls and lack of awareness and economic constraints in developing countries. The growth drivers could be rising incidence of preterm birth, increasing awareness of prenatal and neonatal care, increased demand for prenatal therapeutics, diagnostics, and monitoring devices and government initiatives to provide better care for prenatal and neonatal infants
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Key Players
Some of the key players in the market are E Healthcare (U.K.), Philips Healthcare (Netherlands), Drgerwerk AG & Co. KGaA (Germany), Medtronic plc (Ireland), Masimo Corporation (U.S.), CareFusion Corporation, Cooper Surgical, Inc., Covidien PLC, Fisher & Paykel Healthcare Limited, FUJIFILM SonoSite, Inc., Getinge AB, Nonin Medical, Inc.
Report ContentsRegional AnalysisReport Highlights
Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
North America
US and Canada
Latin America
Mexico, Brazil, Argentina and Rest of Latin America
Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Eastern Europe
Russia
Poland
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
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About Kenneth Research:
Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
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