Fetal and Neonatal Care Equipment Market Size is projected to grow at a considerable rate during the forecast period of 2022-2028.
The number of fetal deaths due to health complications during pregnancy are increasing at a worrying rate across the world. According to the National Vital Statistics Report published by the Centers for Disease Control and Prevention (CDC), 21,478 fetal deaths were reported in the U.S. in 2019. The deaths occurred at 20 or more weeks of gestation. The alarming figures have increased the need for advanced fetal and neonatal care equipment among healthcare professionals.
Fetal and neonatal care devices are witnessing technological advancements to help medical experts like OBGYNs accurately detect any suspicious health issues in the fetus. Cutting-edge facilities, such as smart warming mattresses, innovative incubators, and many others are being extensively used for premature babies to promote their early development and mitigate health complications.
A great example of the developments taking place in the field of neonatal care is the UK-based video messaging service, vCreate that is helping people stay virtually connected with their babies. The COVID-19 pandemic has heightened separation anxiety among new parents who are unable to meet their babies receiving neonatal care.
NHS-approved vCreate assists the hospital staff in sending regular photos and videos of the child’s progress and response to medical treatments. Such innovations will positively impact the use of fetal and neonatal care devices.
Since the immune system of newborn babies is low, they are at a high risk of contracting several airborne and parental infections. These factors have augmented the need for innovative fetal and neonatal care equipment. With advancements in healthcare, it is now highly possible to save newborns from falling prey to deadly infections and provide them with a good quality of life.
Based on type, neonatal care equipment is expected to hold a significant share of the fetal and neonatal care equipment market from 2022 to 2028. The number of stillbirths and babies born with deformities are growing at a notable rate in many regions. The lack of access to high-quality medical facilities has only added to these burdens, thereby driving the demand for high-end neonatal care equipment, such as radiant warmers, incubators, giraffe beds, and monitors.
Fetal care equipment will also gain momentum among end-users in the healthcare sector as external factors, such as increased pollution level and unhealthy lifestyle habits are creating a severe impact on the baby’s growth and development. According to the CDC, fetal mortality rate was higher in women who smoked during their pregnancy.
These scenarios have created the need for innovations in fetal care equipment that can enable doctors to effortlessly monitor and report any inconsistencies in the fetus’ health to the medical staff. One of the main benefits of using high-quality fetal care equipment is that it can save a baby’s life with the help of prompt medical attention, thereby increasing its demand.
U.S. fetal and neonatal care equipment market size will register a notable CAGR over 2022-2028. The healthcare sector in the country is among the most advanced and innovative in the world and is constantly evolving. The government is increasing its investments and approval rate to offer as many neonatal and fetal care treatment options as possible to new mothers.
For example, the Food and Drug Administration (FDA), in June 2021, approved Israel-based Nuvo Group’s uterine activity module, INVU, which is a wearable pregnancy monitoring system. Such initiatives will boost the U.S. fetal (labor & delivery) and neonatal care equipment industry forecast.
Well-known organizations across the world, such as Fisher & Paykel Healthcare, Atom Medical Corporation, Drägerwerk, Becton Dickinson and Company, Phoenix Medical Systems, Natus Medical, GE Healthcare, Medtronic, Masimo, and Philips Healthcare, among many others, are producing high-end fetal and neonatal care equipment. They include ultrasound devices, fetal dopplers, monitors, MRI systems, pulse oximeter, infant incubators, warmers, phototherapy equipment, respiratory devices, and several others. With technological innovations being introduced by firms in these devices, there are high chances of reducing fetal and infant mortality rates.
COVID-19 impact on demand for fetal and neonatal care equipment market:
The COVID-19 pandemic has put considerable pressure on the health of pregnant women as they are highly susceptible to contracting the virus. According to Mayo Clinic, COVID-19 positive pregnant women are at a high risk of delivering their baby before starting the 37th week of pregnancy, which results in premature birth. Such situations have amplified the production of neonatal and fetal care equipment to ensure that premature babies are protected from the virus.
The fetal and neonatal care equipment market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2028 for the following segments:
Market, by type
The above information is provided for the following regions and countries: