Prenatal and Neonatal Equipment Care Market is estimated to reach $8.80 billion by 2021
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Prenatal and Neonatal Equipment Care Market by Product Type (Prenatal and Fetal Equipment-Ultrasound and Ultrasonography Devices, Fetal Magnetic Resonance Imaging, Fetal Dopplers, Fetal Monitors, and others ; Neonatal Equipment-Infant Warmers and Incubators, Neonatal Monitoring Devices, Respiratory Assistance and Monitoring Devices, Phototherapy Equipment, and others ; Other Prenatal and neonatal equipment) and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)
The Global Prenatal and Neonatal Equipment Care Market was worth $6.48 billion in 2016 and estimated to be growing at a CAGR of 6.30%, to reach $8.80 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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Those neonates who outlive prematurity, experience various forms of disabilities, thus various neonatal equipment have been created to help treat prematurity.
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The growth of the Global 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, poor availability of proper neonatal care in the emerging regions and the low birth rates in developed countries and the presence of a highly disjointed market are hindering the growth of the market.
The Global 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.
- By Product Type
- By Technology
- End User
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The market has also been geographically segmented into North America, Europe, Asia-Pacific and the Rest of the World. North America accounted for the largest share in the global Prenatal and Neonatal Equipment Care market followed by Europe and Asia-Pacific.
However, The Asia-Pacific region is projected to grow at the highest CAGR during the forecast period due to reasons such as increasing participation of several private & public establishments to organize awareness programs and rising birth rate in this region.
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