The global neonatal and fetal monitors market has set a valuation of US$ 8.2 Billion in 2021, and further, is expected to expand at a CAGR of 6.5% to reach US$ 14.4 Billion by the year 2032.
The increasing demand for neonatal and fetal monitors to assist preterm newborns is expected to uplift the neonatal and fetal monitors market growth.
In order to monitor the health of the fetus throughout labor and delivery, fetal monitors are essential tools that are frequently employed in gynecology and obstetric procedures. In neonatal intensive care units (NICUs), complex machinery and monitoring devices are designed for the special needs of new-borns babies, neonatal gadgets are widely employed. During pregnancy and childbirth, fetal heart rate and uterine contractions are monitored with fetal and neonatal monitors.
| Attributes | Details |
|---|---|
| Neonatal and Fatal Monitors Market Value in 2021 | US$ 8.2 Billion |
| Neonatal and Fatal Monitors Market Value in 2032 | US$ 14.4 Billion |
| Neonatal and Fatal Monitors Market CAGR (2022 to 2032) | 6.5% |
The market for neonatal and fetal monitors is now being greatly accelerated by technical advancements and developments, which in turn are driving up demand for these devices. Neonatal and fetal monitor sales are being driven forward by an increase in the frequency of twins and triplets as a result of the increased use of reproductive treatments in multiple pregnancies that result in premature birth. The need for neonatal and fetal monitors is expected to increase in the near future due to the healthcare sector's rapid technological improvement.
The market for neonatal and fetal monitors is anticipated to grow significantly during the forecast period as a result of the USA of America FDA approving more products, which is predicted to boost neonatal and fetal monitor sales. Additionally, to lower the newborn death rate, numerous healthcare authorities in poor nations are actively raising awareness. These elements have contributed to the market's expansion.
The global neonatal and fetal monitors market is segregated into seven major regions North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa.
Due to the sophisticated and well-organized healthcare systems in the USA and Canada, North America dominates the neonatal and fetal monitors market. These nations have exceptionally high healthcare costs because they support fetal and neonatal device research and development. These regulations encourage many businesses to operate in this region.
The Asia region is expected to grow at a rapid pace owing to the increasing healthcare awareness and rising disposable income of the population in developing economies. Also, due to the developing healthcare infrastructure, the increasing number of hospitals and clinics is resulting in the development of the market in the Asian region.
Some of the market players operating in the neonatal and fatal monitors market are Koninklijke Philips N.V., GE Healthcare, Medtronic PLC, Becton, Dickinson and Company, Spacelabs Healthcare, Drägerwerk AG & Co. KGaA, Siemens Healthineers, Phoenix Medical Systems, Analogic Corporation, Masimo Corporation, and other.
| Report Attributes | Details |
|---|---|
| Growth Rate | CAGR of 6.5% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2012 to 2021 |
| Forecast Period | 2022 to 2032 |
| Qualitative Units | Revenue in USD Billion, Volume in Units, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
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| Customization | Available Upon Request |
The global neonatal and fetal market is anticipated to register a CAGR of 6.5% during the forecast period.
The top players in the global neonatal and fetal market are Koninklijke Philips N.V., GE Healthcare, Medtronic PLC, Becton, Dickinson and Company, Spacelabs Healthcare, and others.
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Neonatal and Fetal Monitors Market
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