Neonatal and Fetal Care Equipment Market Size, Share & Trends Analysis by Product (Ultrasound, MRI, Fetal Monitors, Infant Incubators, Neonatal Monitoring), By End-use, And Segment Forecasts, 2018 - 2028

The need for neonatal and fetal care equipment will increase as the frequency of baby fatalities and deformed births rises. Similarly, the number of stillbirths and the death rate are both on the rise.

Covid-19 Impact & Market Status

The global epidemic of COVID-19 is predicted to have an impact on the market for foetal and neonatal care equipment. Pregnant women should have routine prenatal checks at 12, 20, 28, and 36 weeks of pregnancy, according to ICMR guidelines from 2020, unless they meet the self-isolation criteria. Appointments for women who have had COVID-19 symptoms can be postponed until seven days after the onset of symptoms, unless the symptoms become severe. During the COVID-19 outbreak, according to an article published in the BMJ Journal in November 2020 by experts from the University of Tokyo, there was a dramatic decline in the number of intensive newborn care across Japanese acute care hospitals. The study also discovered a decrease in the number of preterm births.

The global Neonatal and Fetal Care Equipment market is projected to reach US$ 3,103.81 million by 2028, growing at a CAGR of 7%

During the COVID-19 outbreak, there were significant reductions in neonatal intensive care unit (NICU) admissions and neonatal resuscitations, according to a report published in the ADC Fetal & Neonatal Journal. Preterm deliveries before 34 weeks of pregnancy, as well as a fall in intensive neonatal care volume, showed a significant decline, which had a significant influence on neonatal infant care equipment sales. Along with the decrease in NICU admissions, supply chain disruption and a shortage of resources had a substantial influence on the market. Support from the government and a manufacturer in the fight against the COVID 19 epidemic has made a significant difference in the fight.

Neonatal Care Equipment is estimated to account for a sizable portion of the market.

For continuous monitoring of neonates and babies, neonatal monitoring tools and equipment are utilized in the neonatal intensive care unit (NICU), emergency room, and operating theatre at all levels of institutions. Even in industrialized countries, the demand for this technology has increased due to an increase in premature births.

Prematurely born newborns are more susceptible to infections and illnesses, necessitating greater attention. According to a 2018 report from the Centers for Disease Control and Prevention, the preterm birth rate in the United States increased by 3% between 2014 and 2016, rising from 9.57 percent in 2014 to 9.63 percent in 2015 to 9.85 percent in 2016. A rise in preterm delivery is predicted to boost market expansion because these newborns require more care.

The fetal Doppler segment is predicted to grow at the fastest rate by product.

Factors such as rising demand for digital Doppler over traditional Doppler and more home-use product launches are driving growth in the fetal Doppler category. Due to the procedural advantages these devices offer, such as ease of use, mobility (handheld and battery-operated products), unique capabilities, and display functionalities, fetal Doppler devices are becoming more popular and in demand. Other key factors driving the growth of this segment include the rising adoption of Doppler imaging (especially in the first trimester of pregnancy and for the diagnosis of restricted fetal growth), the growing preference for the assessment of the fetal-placental circulatory system, the expansion of the application horizon for fetal Doppler imaging (such as in aneuploidy screening and transfusion syndrome), and the growing availability of home-use & new smartphone-based fetal monitoring systems.

The incubators sector is predicted to contribute the most to the neonatal care equipment market.

An incubator is a controlled environment with temperature, humidity, and oxygen levels. Incubated babies, on the other hand, are less approachable than babies in warmers. The increased frequency of newborn hypothermia is a primary reason driving this segment's rise. Development of innovative neonatal incubators, increased prevalence of neonatal hypothermia, and increasing number of NICU admissions are all factors contributing to the Incubators segment's substantial share. Even in tropical contexts, hypothermia is frequent in infants born in hospitals (annual prevalence range 32 percent to 85 percent) and at home (annual prevalence range 11 percent to 92 percent) and is one of the leading causes of newborn mortality.

According to an essay in the book 'Delivery and Immediate Neonatal Care,' around 29 million babies die within the first 28 days after delivery, with an equivalent number of stillbirths.

These characteristics will help the industry grow quickly during the forecasted term. The rise in the number of child births around the world, as well as the demand for particular women's and newborn care, will boost industry growth.

The rise in the number of preterm and low-weight delivery infants, the growing number of NICU admissions, and improved awareness of neonatal and fetal care across developing countries are driving growth in the fetal and market.

According to Our World in Data (OWID) data, 141 million children were born in 2015, resulting in a significant increase in market share. Furthermore, according to the WHO, out of 30 million pregnancies in Africa, around 250,000 women die as a result of pregnancy-related problems. As a result of the necessity for safe delivery and incubation, fetal and neonatal care equipment will see significant increase. In the near future, increasing initiatives to improve labor and delivery supplies and equipment are expected to boost market growth.

In the projected period of 2021 to 2028, the fetal and neonatal critical care equipment market is expected to develop. According to Adroit Market Research, the market will reach USD 11.96 million by 2028, growing at a CAGR of 6.55 percent over the projected period.

Fetal and neonatal critical care equipment is medical instruments that assist physicians and clinicians in monitoring and caring for young children on a continuous basis. These devices are also used to feed the infant fluids or even draw blood, check the baby's blood pressure, treat a variety of ailments, and constantly monitor the baby's condition and health.

One of the major elements driving the increase and demand of fetal and neonatal critical care equipment is the continuously changing clinical risks for congenital and obstetric problems. Furthermore, throughout the projected period of 2021 to 2028, the growing number of neonatal care facilities around the world is adding to the worldwide market's growth.

The rising frequency of preterm and low-weight deliveries, as well as public-private measures to improve patient care, are all contributing to the market's expansion. Similarly, the rising prevalence of hospital-acquired newborn illnesses and complications, as well as quick technical advances and innovations in phototherapy, patient monitoring, and breathing devices, are expected to boost market expansion throughout the forecast period.

Becton, GE Healthcare, Becton, Dickinson, and Company, Koninklijke Philips N.V., THE DRAGER GROUP, and Medtronic are among the leading participants in the global foetal and neonatal care equipment market. To assure better identification and promote product sales, these players are cooperating with prominent child care provider networks. For example, in November 2016, Boston Children's Hospital and GE Healthcare teamed up to use smart imaging technologies to treat and diagnose pediatric brain problems.

Latest Innovations in the Fetal and Neonatal Care Equipment Market: a Snapshot

• Versana Essential was introduced by GE Healthcare (UK) in 2018.

• Philips released the Avalon beltless solution for continuous maternal and foetal monitoring in 2018.

• Philips' new eL18-4 transducer was approved by the US Food and Drug Administration in 2017. This new solution is available on the EPIQ 7 and 5 ultrasound systems, as well as the Affiniti 70 ultrasound system.

• In July 2016, Drägerwerk AG & Co. KGaA closed its Pittsburgh factory and relocated to Houston.

Neonatal and Fetal Care Equipment Market Scope

Key Segments of the Fetal and Neonatal Care Equipment Market

Product Outlook 

• Fetal Care Equipment

• Ultrasound Devices
• Fetal Dopplers
• Fetal MRI Systems
• Fetal Monitors
• Fetal Pulse Oximeters
• Neonatal Care Equipment
• Infant Warmers
• Incubators
• Convertible Warmers & Incubators
• Phototherapy Equipment
• Respiratory Devices
• Neonatal Ventilators
• Continuous Positive Airway Pressure (CPAP) Devices
• Oxygen Analyzers and Monitors
• Resuscitators
• Others
• Neonatal Monitoring Devices
• Blood Pressure Monitors
• Cardiac Monitors
• Pulse Oximeters
•  Capnographs
• Integrated Monitoring Devices

End Use Outlook 

• Hospitals
• Diagnostic Centers
• Clinics & Others

Regional Outlook 

• North America

• U.S.
• Canada
• Europe
• Germany
• UK
• Asia Pacific
• China
• Japan
• India
• Latin America
• Brazil
• Mexico
• Middle East and Africa
• South Africa
• Saudi Arabia