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Neonatal and Fetal Monitors Market

Market Insights on Neonatal and Fetal Monitors covering sales outlook, demand forecast & up-to-date key trends

Neonatal and Fetal Monitors Market By Product (Fetal Monitoring Devices (Heart Rate Monitors, Uterine Contraction Monitor, Pulse Oximeters, and Other Fetal Monitoring Devices) ,Neonatal Monitoring Devices (Cardiac Monitors, Capnographs, Blood Pressure Monitors, Pulse Oximeters) & Region - Forecast 2022-2032

Neonatal and Fetal Monitors Market Overview

The neonatal and fetal monitors market is anticipated to register a CAGR of 6.5% during the forecast period 2022-2032.

Attributes 

Details 

Neonatal and Fetal Monitors Market CAGR 

6.5%

Neonatal and Fetal Monitors Market (2020) 

US$ 8 Bn 

Sales of neonatal and fetal monitors are expected to rise as concerns regarding preterm birth resulting in disabilities like mental retardation, cerebral palsy, vision and hearing problems, and chronic lung disease, become widespread.

In addition to this, demand for neonatal and fetal monitors is increasing on account of numerous other applications, such as treatment for hypothermia, jaundice management and etc.

Demand for neonatal and fetal monitors surges as fetal and neonatal care devices are vital tools that are being used for the prevention and treatment of neonatal diseases resulting in high sales of neonatal and fetal monitors.

Furthermore, sales of neonatal and fetal monitors are aided by many healthcare authorities in developing countries by raising awareness about these facilities in order to reduce new-born mortality rates.

The neonatal and fetal monitors market is expected to grow as product approvals increase resulting in increased demand for neonatal and fetal monitors.

Masimo, for example, received US FDA approval in June 2019 for its O3 Regional Oximetry, which is indicated for use on neonatal and infant patients weighing less than 10 kg.

The neonatal and fetal monitors market is predicted to advance due to an increase in demand for neonatal and fetal monitors during pregnancy.

Technological advancements and an increase in preterm births and birth rates also fuel the sales of neonatal and fetal monitors across the globe.

The global neonatal and fetal monitors market is being boosted by an increase in the rate of premature births, haemorrhages, and a surge in the demand for neonatal and fetal monitors.

Furthermore, the advent of wireless as well as portable products and technologies, as well as untapped emerging markets, offer lucrative global growth opportunities to expand neonatal and fetal monitors market share.

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What are the Key Dynamics in the Neonatal and Fetal Monitors Market?

Presently, the global neonatal and fetal monitors market is accelerated majorly by the technological advancement and innovations that are taking place which in turn surges the demand for neonatal and fetal monitors.

Increasing numbers of twins and triplets due to the rise in the utility of fertility treatment in multiple pregnancies resulting in premature birth also pushes the sales of neonatal and fetal monitors forward.

With the rapid technological advancement in the healthcare industry, the demand for neonatal and fetal monitors rises in the near future.

The neonatal and fetal monitors market is expected to advance significantly over the forecast period, owing to an increase in the number of product approvals by the US FDA which also spikes the sales of neonatal and fetal monitors.

However, demand for neonatal and fetal monitors dwindle owing to the prevalence of low birth rates in certain developed countries act as a major barrier for this market.

Stringent regulatory procedures, and high equipment costs, on the other hand, stymie the sales of neonatal and fetal monitors.

Product recalls by regulatory bodies are a major stumbling block for the demand for neonatal and fetal monitors.

Product failure, component inconsistency, and packaging issues all lead to product recalls thereby impinging the sales of neonatal and fetal monitors to a large extent.

Why is Asia Pacific Leading the Neonatal and Fetal Monitors Market?

Depending on geographic region, the global neonatal and fetal monitors market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa.

The Asia Pacific is emerging as dominating market for neonatal and fetal monitors market due to their high healthcare awareness and augmented disposable income, resulting in more demand for neonatal and fetal monitors in the region.

Amongst the Asian countries, India and China are more promising due to the large population pool and increased number of hospitals and account for higher sales of neonatal and fetal monitors.

The United States and Canada have well-structured and developed healthcare systems, which allows them to grow at a fast rate resulting in more sales of neonatal and fetal monitors in these regions.

These countries have been found to promote fetal and neonatal medical device research and development, resulting in very high healthcare expenditures and neonatal and fetal monitors market share.

Many companies around the world are encouraged to do business in this region as a result of these policies and consolidate their position in the market by enlarging their neonatal and fetal monitors market share.

Furthermore, demand for neonatal and fetal monitors is rising in developed countries such as the United States as the vast majority of the population is covered by medical and health insurance and can afford these care facilities.

Sabyasachi Ghosh
Principal Consultant
LinkedIn
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How is the Competitive Landscape in the Neonatal and Fetal Monitors Market?

The neonatal and fetal monitors market is fairly competitive. Global key players manufacture the majority of fetal and neonatal monitoring equipment and devices.

Market leaders who have more money to spend on research and better distribution systems have established themselves as market leaders by augmenting their neonatal and fetal monitors market share.

Some of the key participating players in the neonatal and fetal monitoring device global market are Koninklijke Philips N.V, GE Healthcare, Spacelabs Healthcare, Drägerwerk AG & Co. KGaA, and others.

Players are adopting various strategies to hold a major portion of neonatal and fetal monitors market share and have come up with various developments in recent years.

Here are a few such developments in the neonatal and fetal monitors market:

  • The US Food and Drug Administration has given Nuvo Group approval to expand the utility of its INVU remote pregnancy monitoring platform, which includes the addition of a new uterine activity module that allows remote monitoring of uterine activity.
  • In the United States, Philips introduced the Avalon CL Fetal and Maternal Pod and Patch to help with fetal and maternal monitoring. By applying a single-use, 48-hour, disposable electrode patch to the mother's abdomen, this device allows for continuous, non-invasive monitoring of maternal heart rate, fetal heart rate, and uterine activity.

Scope Of Report

Report Attribute 

Details 

Growth rate 

CAGR of 6.5% from 2022 to 2032

Base year for estimation 

2021

Historical data 

2015 - 2020

Forecast period 

2022 - 2032

Quantitative units 

Revenue in USD billion, volume in kilotons, and CAGR from 2022 to 2032

Report coverage 

Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis, 

Segments covered 

Product, end use, region

Regional scope 

North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand

Country scope 

U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa

Key companies profiled 

Koninklijke Philips N.V, GE Healthcare, Spacelabs Healthcare, Drägerwerk AG & Co. KGaA and others.

Customization scope 

Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options 

Avail customized purchase options to meet your exact research needs.

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Frequently Asked Questions

The neonatal and fetal monitors market is projected to attain a CAGR of 6.5% during the forecast period.

Asia-Pacific is at the forefront of the neonatal and fetal monitors market.

Koninklijke Philips N.V, GE Healthcare, Spacelabs Healthcare, Drägerwerk AG & Co. KGaA are a few major players in the neonatal and fetal monitors market.

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Sabyasachi Ghosh
Principal Consultant
LinkedIn
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Neonatal and Fetal Monitors Market