North America Prenatal and Neonatal Equipment Care Market is estimated to reach $2.87 billion by 2021
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The North America Prenatal and Neonatal Equipment Care Market was worth $2.14 billion in 2016 and estimated to be growing at a CAGR of 6.10%, to reach $2.87 billion by 2021. Prenatal, fetal and neonatal equipment consist of those equipment and devices that aid in taking care of newly born infants and babies growing inside the mother’s womb.
Premature and congenitally ill babies are born as a consequence of late maternal age, induced fertility, labour treatments, deprived prenatal care and modification in lifestyle predilections. Roughly. Around 15 million neonates born each year are premature and among them more than 1 million die every year.
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The growth of the North America Prenatal and Neonatal Equipment Care Market is mainly driven by factors such as growing incidences of preterm birth, increasing awareness for prenatal and neonatal care, increasing number of NICU admissions and inflow of technologically innovative products, and government policies to provide better care for prenatal and neonatal children. However, low birth rates in developed countries and the presence of a highly disjointed market are hindering the growth of the market.
The North America Prenatal and Neonatal Equipment Care Market is segmented into prenatal and fetal equipment, neonatal equipment and others. The prenatal and fetal equipment is further segmented into Ultrasound and Ultrasonography Devices, Fetal Magnetic Resonance Imaging, Fetal Dopplers, Fetal Monitors, and others.
Based on neonatal equipment the market is further segmented into Infant Warmers and Incubators, Neonatal Monitoring Devices, Respiratory Assistance and Monitoring Devices, Phototherapy Equipment, and others. The neonatal care equipment segment accounts for the larger share of the global Market, while the fetal care equipment segment is anticipated to grow at the highest CAGR during the forecast period.
The North America market has been geographically segmented into segmented into US and Canada. The USA leads the market in this region with a share of almost 80%.
The North America market is very modern and is focused on innovating cost-effective techniques. Companies are committed to research, sourcing, and quality, factors that are central to the success of the industry.
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The major companies dominating the market in this region are CareFusion Corporation, Covidien PLC, Drägerwerk AG & Co. KGaA, Cooper Surgical, Inc., FUJIFILM SonoSite, Inc., GE Healthcare, Getinge AB, Fisher & Paykel Healthcare Limited, Natus Medical Incorporated, Philips Healthcare, Siemens Healthcare, Nonin Medical, Inc., and Smiths Medical.
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