Fetal and Neonatal Care Equipment Market - Global Market Share, Trends, Analysis and Forecast, 2023-2032
The global fetal and neonatal care equipment market was estimated to be US$ 6.35 Billion in 2022 and is expected to reach US$ 13.08 Billion by 2032 at a CAGR of 7.5%.
Fetal and neonatal care equipment refers to medical devices and equipment used to monitor and care for infants in the prenatal and neonatal stages. Prenatal care equipment is used during pregnancy to monitor the health of the fetus and detect any potential problems, while neonatal care equipment is used after birth to monitor and treat any health issues that may arise.
Fetal and Neonatal Care Equipment Market Drivers
Advancements in medical technologies and healthcare infrastructure is thriving the market growth
The global fetal and neonatal care equipment market is being driven by a number of factors. First, advancements in medical technologies and healthcare infrastructure, including the development of high-frequency ventilators and bubble CPAP machines, have improved respiratory care for preterm infants.
In addition, the adoption of electronic health records (EHRs) and telemedicine technologies has improved healthcare access and coordination, particularly in remote and underserved areas. Second, there is a growing focus on improving maternal and neonatal healthcare, particularly in developing countries, to reduce maternal and neonatal mortality rates. Governments are investing in improving healthcare infrastructure and training healthcare providers, with programs such as the Pradhan Mantri Surakshit Matritva Abhiyan in India.
Another important factor driving the market is the rising maternal age and pregnancy complications. Delayed childbirth increases the risk of pregnancy complications and preterm birth, which has led to a growing demand for fetal and neonatal care equipment. Advancements in fertility treatments have also led to a higher incidence of multiple births, increasing the demand for neonatal care equipment.
Companies such as GE Healthcare have developed advanced fetal monitoring systems that can detect fetal distress and reduce the risk of preterm birth. Overall, these factors are driving the growth of the global fetal and neonatal care equipment market, as healthcare providers and policymakers focus on improving maternal and neonatal health outcomes, while technological advancements continue to improve care delivery and patient outcomes.
End Use Segmentation of Global Fetal and Neonatal Care Equipment Market
Hospital segment is the largest end use segment in the market
Based on end use, the hospital segment is typically the largest in the global fetal and neonatal care equipment market, as hospitals are the primary settings for the diagnosis, treatment, and monitoring of fetal and neonatal conditions.
Hospitals, both public and private, have the resources and expertise to provide the advanced medical care required for high-risk pregnancies and neonatal care, including the use of fetal and neonatal care equipment such as fetal monitors, incubators, and respiratory assistance equipment. Hospitals also have neonatal intensive care units (NICUs) equipped with specialized equipment and staffed by trained healthcare professionals, which are essential for the care of sick or premature infants.
While pediatric clinics and other healthcare settings may also use fetal and neonatal care equipment, their usage is typically more limited compared to hospitals. Private clinics and outpatient centers may use fetal dopplers or fetal monitors for routine prenatal care, while home care settings may use equipment such as apnea monitors for infants with breathing difficulties.
Academic and research institutes may use fetal and neonatal care equipment for research purposes. However, hospitals remain the primary users of fetal and neonatal care equipment, making the hospitals segment the largest in the global market.
Regional Trends of the Global Fetal and Neonatal Care Equipment Market
United States is the largest market for fetal and neonatal care equipment in North America
Geographically, the global fetal and neonatal care equipment market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America.
Following are some of the major trends in these regions –
North America: The fetal and neonatal care equipment market in North America is expected to continue to grow due to factors such as the increasing prevalence of preterm births, rising maternal age, and advancements in medical technologies. The United States is the largest market for fetal and neonatal care equipment in North America, driven by factors such as the high rate of preterm births and the presence of a well-developed healthcare infrastructure.
Europe: The fetal and neonatal care equipment market in Europe is expected to grow due to factors such as the increasing prevalence of preterm births, rising maternal age, and government initiatives to improve maternal and neonatal healthcare. The United Kingdom, Germany, and France are among the largest markets for fetal and neonatal care equipment in Europe, driven by factors such as the presence of a well-developed healthcare infrastructure and high levels of healthcare spending.
Asia-Pacific: The fetal and neonatal care equipment market in the Asia-Pacific region is expected to experience significant growth due to factors such as the high birth rate, increasing prevalence of preterm births, and improving healthcare infrastructure in countries such as China and India. The demand for fetal and neonatal care equipment is also being driven by rising healthcare expenditure, increasing awareness about maternal and neonatal health, and government initiatives to improve healthcare access and quality.
Middle East and Africa: The fetal and neonatal care equipment market in the Middle East and Africa region is expected to grow due to factors such as the increasing prevalence of preterm births, rising maternal age, and government initiatives to improve maternal and neonatal healthcare. The demand for fetal and neonatal care equipment is also being driven by increasing healthcare expenditure and the growing adoption of advanced medical technologies.
South America: The fetal and neonatal care equipment market in South America is expected to grow due to factors such as the increasing prevalence of preterm births, rising maternal age, and government initiatives to improve maternal and neonatal healthcare. Brazil is the largest market for fetal and neonatal care equipment in South America, driven by factors such as the high birth rate and increasing healthcare expenditure.
Key players and market strategies:
Companies operating in the global fetal and neonatal care equipment market are adopting various growth strategies to expand their market share and increase their revenue.
Some of the major growth strategies adopted by these companies include:
Product development: Companies are investing in the development of new and innovative products to cater to the changing demands of healthcare providers and patients. For example, GE Healthcare has launched a new fetal monitoring system called Carescape Fetal and Neonatal Monitor that provides continuous monitoring of fetal and maternal parameters.
Merger and acquisitions: Companies are also acquiring or merging with other companies to expand their product portfolio and customer base. For example, Koninklijke Philips N.V. acquired TomTec Imaging Systems GmbH to strengthen its ultrasound business.
Partnership and collaboration: Companies are partnering with other companies or healthcare organizations to expand their reach and enhance their product offerings. For example, Masimo Corporation has partnered with Shenzhen Mindray Bio-Medical Electronics Co. Ltd to integrate Masimo's SET pulse oximetry technology into Mindray's patient monitoring devices.
Expansion of manufacturing facilities: Companies are expanding their manufacturing facilities to increase their production capacity and meet the growing demand for fetal and neonatal care equipment. For example, Natus Medical Incorporated has expanded its manufacturing facility in the United States to increase its production of neonatal care equipment.
Atom Medical Corporation, Becton, Dickinson and Company, Drägerwerk AG & Co. KGaA, Fisher & Paykel Healthcare Corporation Limited, GE Healthcare, Getinge AB, International Biomedical, Koninklijke Philips N.V., Masimo Corporation, Medtronic plc, Natus Medical Incorporated, Phoenix Medical Systems Pvt. Ltd., Smiths Group plc, Vyaire Medical Inc., Weyer GmbH and many more.
Global Fetal and Neonatal Care Equipment Market Segmentation:
By Product type:
- Neonatal Care Equipment:
- Infant Warmers
- Incubators
- Convertible Warmers & Incubators
- Phototherapy Equipment
- Respiratory Devices
- Others
- Neonatal Monitoring Devices
- Blood Pressure Monitors
- Cardiac Monitors
- Pulse Oximeters
- Capnographs
- Integrated Monitoring Devices
- Others
- Fetal Care Equipment:
- Ultrasound Devices
- Fetal MRI Systems
- Fetal Monitors
- Fetal Pulse Oximeters
By End-use:
- Hospitals
- Diagnostic centers
- Pediatric Clinics
- Ambulatory Surgical Centers
By Region
- North America
- United States
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- India
- China
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- South America
- Brazil
- Rest of South America
- Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
- Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
- Market Synopsis: Global Fetal and Neonatal Care Equipment Market
- Global Fetal and Neonatal Care Equipment Market Qualitative Analysis
- Trends
- Market trends
- Technology Trends
- PESTLE Analysis (For 3 prominent countries)
- Market Influencers
- Driving Forces
- Hindering Forces
- Opportunities
- COVID-19 impact
- Porter’s Five Forces
- Trends
- Global Fetal and Neonatal Care Equipment Market Analysis and Forecast, by Product Type
- Overview and definitions
- Key segment analysis
- Global Fetal and Neonatal Care Equipment Market Size Estimates (US$ Mn and Units), by Product Type, 2019 – 2032
- Neonatal Care Equipment
- Infant Warmers
- Incubators
- Convertible Warmers & Incubators
- Phototherapy Equipment
- Respiratory Devices
- Others
- Neonatal Monitoring Devices
- Blood Pressure Monitors
- Cardiac Monitors
- Pulse Oximeters
- Capnographs
- Integrated Monitoring Devices
- Others
- Fetal Care Equipment:
- Ultrasound Devices
- Fetal MRI Systems
- Fetal Monitors
- Fetal Pulse Oximeters
- Neonatal Care Equipment
- Global Fetal and Neonatal Care Equipment Market Size Estimates (US$ Mn), by End Use, 2019 – 2032
- Overview and definitions
- Key segment analysis
- Global Fetal and Neonatal Care Equipment Market Size Estimates (US$ Mn), by End Use, 2019 – 2032
- Hospitals
- Diagnostic centers
- Pediatric Clinics
- Ambulatory Surgical Centers
- Global Fetal and Neonatal Care Equipment Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Fetal and Neonatal Care Equipment Market Size Estimates (US$ Mn), by Region, 2019 – 2032
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- North America Fetal and Neonatal Care Equipment Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Fetal and Neonatal Care Equipment Market Size Estimates (US$ Mn and Units), by Product Type, 2019 – 2032
- Neonatal Care Equipment
- Infant Warmers
- Incubators
- Convertible Warmers & Incubators
- Phototherapy Equipment
- Respiratory Devices
- Others
- Neonatal Monitoring Devices
- Blood Pressure Monitors
- Cardiac Monitors
- Pulse Oximeters
- Capnographs
- Integrated Monitoring Devices
- Others
- Fetal Care Equipment:
- Ultrasound Devices
- Fetal MRI Systems
- Fetal Monitors
- Fetal Pulse Oximeters
- North America Fetal and Neonatal Care Equipment Market Size Estimates (US$ Mn), by End Use, 2019 – 2032
- Hospitals
- Diagnostic centers
- Pediatric Clinics
- Ambulatory Surgical Centers
- North America Fetal and Neonatal Care Equipment Market Size Estimates (US$ Mn), Country, 2019 – 2032
- The U.S.
- Canada
- Rest of North America
- Neonatal Care Equipment
- Europe Fetal and Neonatal Care Equipment Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe Fetal and Neonatal Care Equipment Market Size Estimates (US$ Mn and Units), by Product Type, 2019 – 2032
- Neonatal Care Equipment
- Infant Warmers
- Incubators
- Convertible Warmers & Incubators
- Phototherapy Equipment
- Respiratory Devices
- Others
- Neonatal Monitoring Devices
- Blood Pressure Monitors
- Cardiac Monitors
- Pulse Oximeters
- Capnographs
- Integrated Monitoring Devices
- Others
- Fetal Care Equipment:
- Ultrasound Devices
- Fetal MRI Systems
- Fetal Monitors
- Fetal Pulse Oximeters
- Europe Fetal and Neonatal Care Equipment Market Size Estimates (US$ Mn), by End Use, 2019 – 2032
- Hospitals
- Diagnostic centers
- Pediatric Clinics
- Ambulatory Surgical Centers
- Europe Fetal and Neonatal Care Equipment Market Size Estimates (US$ Mn), Country, 2019 – 2032
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Neonatal Care Equipment
- Asia Pacific Fetal and Neonatal Care Equipment Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Asia Pacific Fetal and Neonatal Care Equipment Market Size Estimates (US$ Mn and Units), by Product Type, 2019 – 2032
- Neonatal Care Equipment
- Infant Warmers
- Incubators
- Convertible Warmers & Incubators
- Phototherapy Equipment
- Respiratory Devices
- Others
- Neonatal Monitoring Devices
- Blood Pressure Monitors
- Cardiac Monitors
- Pulse Oximeters
- Capnographs
- Integrated Monitoring Devices
- Others
- Fetal Care Equipment:
- Ultrasound Devices
- Fetal MRI Systems
- Fetal Monitors
- Fetal Pulse Oximeters
- Asia Pacific Fetal and Neonatal Care Equipment Market Size Estimates (US$ Mn), by End Use, 2019 – 2032
- Hospitals
- Diagnostic centers
- Pediatric Clinics
- Ambulatory Surgical Centers
- Asia Pacific Fetal and Neonatal Care Equipment Market Size Estimates (US$ Mn), Country, 2019 – 2032
- Japan
- India
- China
- Australia
- Rest of Asia Pacific
- Neonatal Care Equipment
- Middle East & Africa Fetal and Neonatal Care Equipment Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa Fetal and Neonatal Care Equipment Market Size Estimates (US$ Mn and Units), by Product Type, 2019 – 2032
- Neonatal Care Equipment
- Infant Warmers
- Incubators
- Convertible Warmers & Incubators
- Phototherapy Equipment
- Respiratory Devices
- Others
- Neonatal Monitoring Devices
- Blood Pressure Monitors
- Cardiac Monitors
- Pulse Oximeters
- Capnographs
- Integrated Monitoring Devices
- Others
- Fetal Care Equipment:
- Ultrasound Devices
- Fetal MRI Systems
- Fetal Monitors
- Fetal Pulse Oximeters
- Middle East & Africa Fetal and Neonatal Care Equipment Market Size Estimates (US$ Mn), by End Use, 2019 – 2032
- Hospitals
- Diagnostic centers
- Pediatric Clinics
- Ambulatory Surgical Centers
- Middle East & Africa Fetal and Neonatal Care Equipment Market Size Estimates (US$ Mn), Country, 2019 – 2032
- Saudi Arabia
- South Africa
- UAE
- Rest of Middle East
- Neonatal Care Equipment
- South America Fetal and Neonatal Care Equipment Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- South America Fetal and Neonatal Care Equipment Market Size Estimates (US$ Mn and Units), by Product Type, 2019 – 2032
- Neonatal Care Equipment
- Infant Warmers
- Incubators
- Convertible Warmers & Incubators
- Phototherapy Equipment
- Respiratory Devices
- Others
- Neonatal Monitoring Devices
- Blood Pressure Monitors
- Cardiac Monitors
- Pulse Oximeters
- Capnographs
- Integrated Monitoring Devices
- Others
- Fetal Care Equipment:
- Ultrasound Devices
- Fetal MRI Systems
- Fetal Monitors
- Fetal Pulse Oximeters
- South America Fetal and Neonatal Care Equipment Market Size Estimates (US$ Mn), by End Use, 2019 – 2032
- Hospitals
- Diagnostic centers
- Pediatric Clinics
- Ambulatory Surgical Centers
- South America Fetal and Neonatal Care Equipment Market Size Estimates (US$ Mn), Country, 2019 – 2032
- Brazil
- Rest of South America
- Neonatal Care Equipment
- Competition Analysis – Fetal and Neonatal Care Equipment Market
- Market Composition
- Market Share Analysis (%), by Supplier (2022)
- Company Profiles
- Atom Medical Corporation
- Business overview
- Geographic presence
- Financial facts
- Relevant news and strategic view
- Becton, Dickinson and Company
- Drägerwerk AG & Co. KGaA
- Fisher & Paykel Healthcare Corporation Limited
- GE Healthcare
- Getinge AB
- International Biomedical
- Koninklijke Philips N.V.
- Masimo Corporation
- Medtronic plc
- Natus Medical Incorporated
- Phoenix Medical Systems Pvt. Ltd.
- Smiths Group plc
- Vyaire Medical Inc.
- Weyer GmbH
- Atom Medical Corporation
- Conclusion & Recommendations
Frequently asked questions about this report
What is the fetal and neonatal care equipment market growth?
The fetal and neonatal care equipment market is expected grow at a CAGR of 7.5% from 2023 to 2032.
What is the size of fetal and neonatal care equipment market?
The fetal and neonatal care equipment market size is expected to reach US$ 13.08 Billion by 2032.
What was the value of the fetal and neonatal care equipment market in 2022?
The fetal and neonatal care equipment market size was estimated to be US$ 6.35 Billion in 2022.
What are the factors driving the fetal and neonatal care equipment market?
The global fetal and neonatal care equipment market is being driven by several key factors, including growing focus on improving maternal and neonatal healthcare, advancements in medical technologies and healthcare infrastructure, and rising maternal age and pregnancy complications.
Which end use is the largest in the fetal and neonatal care equipment market?
The hospitals is the largest end use segment in the global fetal and neonatal care equipment market, as hospitals are the primary settings for the diagnosis, treatment, and monitoring of fetal and neonatal conditions.
Which is the largest market for fetal and neonatal care equipment in North America?
The United States is the largest market for fetal and neonatal care equipment in North America, driven by factors such as the high rate of preterm births and the presence of a well-developed healthcare infrastructure.
Who are the key players in fetal and neonatal care equipment market?
Atom Medical Corporation, Becton, Dickinson and Company, Drägerwerk AG & Co. KGaA, Fisher & Paykel Healthcare Corporation Limited, GE Healthcare, Getinge AB, International Biomedical, Koninklijke Philips N.V., Masimo Corporation, Medtronic plc, Natus Medical Incorporated, Phoenix Medical Systems Pvt. Ltd., Smiths Group plc, Vyaire Medical Inc., Weyer GmbH among others, are the key players in this market.