About Fetal and Neonatal Care Equipment
Fetal and neonatal care equipment mainly focuses on the aspects of child health and diseases from the perinatal period to the adolescence stage. According to the World Health Organization (WHO), around there have been 340,000 maternal deaths, 3.1 million neonatal deaths, and 2.7 million stillbirths that occur worldwide each year. As per the latest study the rate of maternal death, early neonatal death, and stillbirth have declined in the high and few of the middle-income countries, mainly due to improved obstetric care. There are about 17 National Institute of Child Health and Development Neonatal Research Network in the U.S. where many programs are introduced or are experimented in order to enrich the quality and research for much better outcomes of the patients. In the year 2013, the Children's Health launched Texas very first dedicated neonatal telemedicine service that offers physicians availability at many other NICU hospitals for neonatal cases. Vendors hereby mainly focus on providing the highly efficient and low-cost equipment so as to cater to the neonatal segment that in turn reduces morbidity and mortality in the regions that have poor resources and also less skilled physicians.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Fetal and Neonatal Care Equipment market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BD (United States), Drägerwerk AG & Co. KGaA (Germany), Medtronic plc (Ireland), Fisher & Paykel (New Zealand), GE Healthcare (United Kingdom), Philips (Netherlands), Covidien (Ireland), Smiths Medical, Inc. (United States), Spacelabs Healthcare, Ltd. (United States), Utah Medical Products, Inc. (United States), Getinge (Sweden), Analogic Corporation (United States), Ivy Biomedical Systems, Inc. (United States) and Masimo Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Natus Medical Incorporated (United States), Nonin Medical Inc. (United States), OSI Systems (United States) and Welch Allyn (United States).
Segmentation Overview
AMA Research has segmented the market of Global Fetal and Neonatal Care Equipment market by Type (Fetal Care Equipment [Fetal Dopplers, Fetal Magnetic Resonance Imaging (MRI) Devices, Ultrasound Devices, Fetal Pulse Oximeters, Others] and Neonatal Care Equipment [Incubators, Neonatal Monitoring Devices, Phototherapy Equipment, Respiratory, Assistance and Monitoring Devices, Others]), Application (Hospitals, Clinics and Others) and Region.
On the basis of geography, the market of Fetal and Neonatal Care Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. OEM will boost the Fetal and Neonatal Care Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Level of Care, the sub-segment i.e. Level I will boost the Fetal and Neonatal Care Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Growing Popularity Of and Demand for Fetal and Neonatal Care Equipment Is Increasing Due To the Procedural Advantages That These Devices Offer
Market Growth Drivers:
Increase in the Birth Rate All Around the World, The Infant Deaths Occur During the First Month of Birth Due To Negligible Care and Increase in Patient Safety Concerns and the Growing Number of Premature Births
Challenges:
Presence of Too Many Fragmented Players and The Lack of Skilled Workers
Restraints:
The Lower Birth Rate among Established Countries and The Reluctance of End-Users to Make High Initial Capital Investments
Opportunities:
Awareness Program for Fetal and Neonatal Care by Government Initiatives Is Anticipated To Generate Attractive Growth Opportunities and A Rise in the Research and Development Sectors So As to Improve the Lives of Newborn
Market Leaders and their expansionary development strategies
In January 2020, Medtronic plc announced that it had acquired Stimgenics, LLC, a privately-held company based in Bloomington, Illinois, that has pioneered a novel spinal cord stimulation (SCS) waveform known as Differential Target Multiplexed (DTM™) Spinal Cord Stimulation. The therapy, which is delivered via the Medtronic Intellis™ platform, is a new and unique programming option to treat patients with chronic pain., and On, 13th August 2019, Dräger Safety AG & Co. KGaA has acquired a stake in Focus Field Solutions Inc., a leading provider of industrial safety solutions based in St. John’s, Newfoundland and Labrador, Canada. With this latest investment, Dräger extends its expertise in the area of digital worksites.
In January 2019, GE healthcare launched Achtung, baby, a wireless fetal heart rate monitor, which shows a real time monitoring of heart rates and uterine.
Key Target Audience
Manufacturers of Fetal and Neonatal Care Equipment, Suppliers and Distributors of Fetal and Neonatal Care Equipment, End-Users, Potential Investors, Market Research Firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.